Real estate market in the East ‘catches up’ urban innovation

The integration of infrastructure into smart urban planning is opening a new direction for development in the  East in the near future. The products of the real estate market in the East last time not only witness the explosion of supply but also changes the internal factors in the new trend.

 HCMC ‘catches up’ urban innovation

HCMC government HCM is implementing a series of breakthrough solutions to perfect the urban transport infrastructure, especially in the gateway area east. This is a step to create a premise for the city to effectively implement the city’s innovative urban planning project (districts 2 and 9 and Thu Duc district) with an area of ​​over 21,000ha, a population of nearly 1 million people in the future.

According to the urban development strategy, Ho Chi Minh City will develop in all directions of East, West, South, North, but on the general level, the policy of infrastructure development of the city is pouring into the East. Up to now, the East area has been leading the city for key traffic projects, such as: Hanoi highway extension project, Vo Van Kiet avenue, Sai Gon river tunnel, ring road 2 Pham Van Dong expressway. Ho Chi Minh City – Long Thanh – Dau Giay, metro 1, new bus station, bridge through Diamond Island …

The Innovative urban planning is changing the face of Eastern infrastructure, stimulating the development of the property market in the direction of quality.

Recently, Secretary of the City Party Committee Nguyen Thien Nhan set up the problem of building an urban area to connect three districts of East City. Ho Chi Minh City is into an ecosystem, promote the movement of innovation, exploit the potential of the local knowledge community. District 2 is the future financial center with Thu Thiem new urban area, district 9 will develop science and technology with the center is high technology, Thu Duc district is the center of many high quality universities that the nucleus is National University Ho Chi Minh City. The urban area will have more than one million people, about 22,000 hectares wide.

Dr Ngo Son Nam Son, an expert in urban transport infrastructure planning, said that the synchronous and strategic investment in infrastructure is a stepping stone to shaping urban values ​​for the East.

“The government should also come up with solutions to ensure consistency in the planning and licensing of apartment buildings and buildings in the center to avoid further strained traffic and urban infrastructure overload. The It is necessary to have solutions to the dehumanization of people by constructing apartment buildings and commercial buildings in the city’s gateways and at the same time, thus creating a synchronous connection with the urban transport infrastructure. ” Said Mr.Son.

Real estate “broadcasting”

Vice Chairman of the City People’s Committee. HCM Tran Vinh Tuyen said that after implementing the idea of ​​creative cities, the real estate market in the East has experienced a sudden increase in quantity and quality.

Mr. Nguyen Nam Hai, Head of Urban Management in Thu Duc District, said that the East is attracting a lot of foreign experts, intellectuals, especially the workforce in general here to work, so the demand stay in strong.

At this time, most real estate agents have large projects in the area of ​​the East such as Dai Quang Minh, Vingroup, Novaland, Him Lam, Thu Duc House, Khang Dien, Dat Xanh, Phuc Khang, Hung Thinh, Nam Long … The formation of these projects has contributed to fundamentally change the appearance of urban areas, improve the quality of life of people.

Taking the rhythm of planning the East, most real estate projects have “transformed themselves”, changing the direction of integration with infrastructure and promote smart utilities. Especially the criteria aimed at young intellectuals.

Tran Hien Phuong, CEO of Seaholdings, said that this is the target of all project investors to compete in the new trend. For example, the Fresca Riverside project in Binh Chieu district (Thu Duc district) only built nearly 400 apartments at the price of only VND19.5 million / sqm. Not only have more than 40 local amenities, the design of the Fresca Riverside Apartments is remarkable with many glazing and natural wind gates ensuring air convection. All apartments have balcony with wide view. The area of ​​flexible apartments from 52sqm to 70sqm, including 2 bedrooms, 2 WC. In addition to the location of 4 frontage and river view, the project is also connected to the Metro line to “pace” the modern urban culture.

Real estate projects in the East are undergoing a drastic change in value to integrate with the creative urban trend

“Thanks to the policy of prioritizing the development of transport infrastructure, especially the development of innovative urban area, the value of real estate in the East is increasing and becoming a” promising land “to attract businesses. Inorder to compete each project must integrate with urban values ​​in the future, “Phuong said.

According to Bui Tuong Thuy, General Director of Kien A Group, apart from the advantages of infrastructure and planning, the East also has many clean land funds and housing projects aimed at young clients. East area properties appeal to both buyers and investors. Projects that are ahead of the smart urban trend will have advantages in the race to conquer the market.

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