According to the HCM City People’s Committee, the city will re-launch the Rach Chiec Sports Complex with a capacity of 50,000 seats. This is an important project in the project to host SEA Games 31 of Ho Chi Minh City.
After this information is published, a series of real estate projects in the East City such as Palm City, Saigon Sports City, Lakeview City … quickly become the “attraction” investors.
Overview and progress of Rach Chiec sports complex
It is known that Rach Chiec Fitness Complex has a total area of 222 hectares, invested by Ho Chi Minh City People’s Committee since 1994. Of which, 180 hectares will be used for investment in facilities. floor, technical equipment. The rest will be for private firms bidding to invest in complex facilities located within the compound. However, over the past 20 years due to not deployed, so here are still marshes, rivers, lakes, reeds, grass grow.
In order to re-launch this project, the city is speeding up clearance in Rach Chiec area and it is expected that by the end of Q1 / 2018, construct. However, in order to have the capital to meet the project’s early implementation, HCM City is also asking the government for a special mechanism to facilitate investors for the Sports Complex Rach Chiec has to build 3 big works, including: bicycle race hall, Thai Son Stadium and Football Academy.
Rach Chiec Sports Complex – “kick” for real estate in the East
According to Vietnam real estate analysis, the eastern part of the city is now considered to have many advantages due to its complete infrastructure and good traffic connections. Meanwhile, the Rach Chiec Sports Complex is planned to be built in the heart of Saigon East, next to Thu Thiem New Urban Area, part of which is adjacent to Ho Chi Minh City-Long Thanh Expressway. – Dau Giay, a part of the border with Mai Chi Tho Street, Hanoi Highway.
According to the plan, in less than half a year, the project will go into construction, creating a new look for the East of HCMC. Clearly, this project does not only raise the value of projects within the radius of the surrounding area but also has a strong impact on the property market.
A real estate expert has said that the factors that make the property attractive, the value of real estate not only depend on the reputation of the owner, location, quality of construction, construction progress but also with traffic connections and facilities, works around the project.
Through the fact-finding, District 2 and part of District 9 are adjacent to the project, which is one of the most active in the East. Not only that, the price of apartments, land around the area tends to increase from 20 to 30%. Understanding the trend, a series of projects of investors are accelerating the construction progress.
A number of real estate businesses, both local and foreign, took advantage of the opportunity to “re-launch” the re-launch of Rach Chiec Sports Complex to further accelerate the pace of their project construction here. For example, Lake View City project of Novaland investor located in front of Long Thanh – Dau Giay expressway with the scale of 3.6 hectares, is being rushed to launch the market in time.
Or, the Palm City project developed by South Rach Gia Company (Keppel Land – Tran Thai Joint Venture) adjacent to the Thu Thiem new urban area is also benefiting from the super project, pushing the value increase, attract more customers …
In addition to the two Lakeview City and Palm City projects mentioned above, another project that Vietnam real estate said will create a “strong” attraction and benefit from the Rach Chiec Sports Complex project in the coming time. Saigon Sports City project in An Phu Ward, District 2.
Saigon Sports City project is invested by Keppel Land, located in front of Song Hanh street, near the intersection of Long Thanh – Dau Giay expressway. The project is located adjacent to the major urban areas in District 2 such as South Rach Chiec urban area, Sala urban area, Thu Thiem urban area and adjacent to the Rach Chiec Sports Complex. With the advantage of location, residents of Saigon Sports City project easily move to urban areas, amusement and administrative – economic center in District 2 and District 1. Location-specific project Saigon Sports City as follows:
- In the East: adjacent to Sai Gon – Binh An (Now renamed: Himlam – Binh An)
- In the West: adjacent to the center of the physical training and sports (Zone B) and entertainment area (zone C) of the Rach Chiec sports complex.
- In the North: border on Rach Chiec river.
- To the south: It borders on Ho Chi Minh City-Long Thanh – Dau Giay Expressway.
With the advantage of location, the ability to link the area from Saigon Sports City project is very convenient:
- About 5 minutes move to the Palm City Urban Area, Lake View and Rach Chiec Sports Complex
- About 7 minutes move to Sala – Dai Quang Minh
- About 10 minutes about Thu Thiem urban area.
- About 15 minutes move to District 1.
Certainly, with the infrastructure system is improving strongly, Rach Chiec Sports Complex will be a strong lever for the property market in the East in the coming time. Not only that, if Vietnam becomes the venue for SEA Games 31 and Rach Chiec Sports Complex, HCMC becomes the venue of the event, attracting thousands of domestic and foreign visitors to attend. It is expected that in the near future, the property market in the East will be very exciting and attractive to investors.
You are reading the article “Rach Chiec Sports Complex, “Kick” For Property In The East And Saigon Sports City” in
the section “Real Estate News” on the website: https://realestatevietnam.com.vn/.
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