HCM City real estate market: In the South, capital will be favored in 2018
Saigon South will have a new development, when Ho Chi Minh City has won for this area tens of billion for three key projects. The precinct of the South is prominent with projects in the high end segment. From 2017 to 2018, many popular apartment projects have been attracted by investors.
According to many experts, the infrastructure system will make a breakthrough in the coming time. The real estate market in the South (District 7, 8, Nha Be, Can Gio) will always maintain its position.
Evidence that a number of industry giants have launched large projects to attract the attention of customers.
It is expected that in early 2018, the city will invest in the construction of many key roads linking the South with the city center. As the project of building Thu Thiem 4 bridge connecting District 2 with District 7 is 2.2 km long. Total investment of the project is VND5.254 billion.
The infrastructure is creating the southern interest
In addition, there are many important projects with total investment capital of nearly $ 5 billion. Connecting the South with the city center as the project metro route number 4 connecting District 7, the province with the central district. This is the most important project with investment capital up to VND97,000 billion.
Department of Transportation said that in March 2018 will start the tunnel system, overpass at the intersection Nguyen Van Linh – Nguyen Huu Tho with a capital of VND2,600 billion.
Non-stop there, Saigon South also has projects to build Nguyen Khoai bridge stretching from District 4 to District 7. Phuoc Khanh Bridge connecting the South with Nhon Trach (Dong Nai). Most prominent is the project of Phu Thuan road, connecting the area of Mui Den Red to Phu My Hung urban area. Phu Thuan Street is considered as the main road leading to the development of this area in the future.
Besides the key projects, the South also has the synchronous development of many roads. To be able to easily connect to the central area.
In particular, Can Gio bridge project to replace Binh Khanh ferry will be invested in the form of BT combined BOT. This project has been assigned by the HCM City People’s Committee to two investors, Vingroup and Trung Nam Group. At present, the city’s planning and architecture department is organizing the competition for architecture to submit to the City People’s Committee for approval.
The Expressway Development Corporation of Vietnam added: Currently, this unit is rushing to execute the last three packages of the Ben Luc – Long Thanh expressway project. To be able to put this project into operation in time in early 2020. The project when put into operation will help intercity traffic in the West and the South East do not need to transit through Ho Chi Minh City.
Real estate projects will continue to build infrastructure in this area
To meet the advantages that the infrastructure South area, Mr. Nguyen Du Luc- Chairman of Hung Phat Real Estate Company said: At the beginning of 2018, his company will launch the project The Green Star ( Pham Huu Lau, Phu My Hung, District 7).
The project has 100 villas and 1000 commercial apartments. The entire project is built in accordance with closed compound standards, with 7,000 sqm of park land and landscape lake area of 4,000sqm.
Mr. Luc said, although not officially open for sale, but 100 villas, houses have customers have ordered. Because these are the rare street products that Phu My Hung area is at present.
Construction of the Green Star project with a large density of trees, surrounded by gardens and ponds. To bring a fresh living space as a thankful word of Hung Loc Phat to customers who trust and accompany the company.
Another large real estate company in HCM City is preparing to sell about 4000 high-end apartments in the street of Dao Tri (District 7). This is a busy area, which has the Nha Be river front so it attracts many investors. In the near future, when Dao Tri road put into operation, the real estate value in this area will increase rapidly.
Along with that, Tuan Long will continue to offer Green Life residential area phase 3 of the Green Riveside project. Green Life consists of 100 townhouses with a floor area of over 80sqm each, selling price per floor is about 22 million/sqm
With unique terrain characteristics, Green Life owns a large park of over 3,000 square meters and other utilities for life. Even in this area, Van Thinh Phat Group will also re-launch the $ 6 billion urban project. To be able to market thousands of high-end apartments.
Assess the prospects of the South in particular and Ho Chi Minh City in general. Economist Le Minh Hoang – University of Economics Ho Chi Minh City said: The growth and development of Ho Chi Minh City is very much. With the specific mechanism approved by the National Assembly. And if Ho Chi Minh City identified the right direction, there is a reasonable way. Then in the next 10 years will make changes in a modern city.
With the specific mechanism, HCMC will have abundant resources to bring into full play its potential and advantages, compete with international cities and shorten distances with regional cities like Seoul or Shanghai.
You are reading the article Real estate development project in Saigon south in the Real Estate category at https://realestatevietnam.com.vn/.Any information sharing, feedback please email to email@example.com, Hotline 0909890897 (24/7).