District 1 owns a geographic location that every project desires:
District 1 is one of the big districts in Ho Chi Minh City (HCMC). With regard to its geographic advantage, it is located in the center of HCMC opposite District 4 on the northern edge of Saigon South. Thanks to its “unique” location along the Saigon River, District 1 is surrounded by many large road systems. One side is adjacent to Nguyen Huu Canh Street, and one is adjacent to Ton Duc Thang Street. Particularly, Ba Son land which is a prominent position in District 1is getting the concerns of professionals and domestic and foreign investors.
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The natural boundary includes the Saigon River separated from District 2; Thi Nghe Arroyo separated from Binh Thanh District; Ben Nghe Canal as the boundary between District 1 and District 4; District 1 and District 3 separated by Hai Ba Trung and Nguyen Thi Minh Khai streets; Nguyen Van Cu Street detaching District 1 from District 5.
District 1 is located in the middle of the city center and is close to tourist sites, therefore, it has attracted many investors, and then many high-end projects have been invested and developed here.
District 1 is a busy area:
District 1 is considered to be the busiest area in HCMC and has the highest level of expenses for social activities. Together with two commercial walking streets including Dong Khoi Street and Nguyen Hue pedestrian street, District 1 has become the center of the city, so building projects here will be indispensable.
District 1 has a lot of commercial centers and developed transportation system, and there are many people living as well as visitors to visit frequently. This is one of the issues that investors pay special attention to it.
It can be said that District 1 is an area in the center of HCMC, has a favorable geographic position and beautiful grounds so it attracts many domestic and foreign investors. Furthermore, District 1 also has a potential of competitive property prices in the region and other countries in the ASEAN that brings economic benefits to the nation.
It is these things that attract investors to invest and develop large-scale projects here.
Some large-scale projects in District 1:
The Nexus high-end project:
The Nexus invested by the investor named Viet REFICO Real Estate Company (VCRE). The high-end project is located in District 1, HCMC. Geographic location is at 3A – 3B Ton Duc Thang, Ben Nghe Ward, District 1, HCMC. The project owns a spacious land having the project area of 8.634,5 square meters with the floor area of 133,835 square meters, facing the river.
The Nexus is high-end multi-functional building in the heart of District 1 including a commercial center, three high-rise apartment buildings overlooking the Saigon River for sale, a hotel and a grade An office building.
The Nexus promises to bring many modern and classy facilities to its customers.
Nguyen Cu Trinh Center high-end project:
Nguyen Cu Trinh Center is a high-class project built on the land that has convenient transportation of 4 roads: Tran Dinh Xu – Nguyen Trai – Cong Quynh – Nguyen Cu Trinh in District 1, HCMC. Nguyen Cu Trinh Center high-end project belongs to Bitexco Group and is built in the project area of up to 100,000 square meters and the construction area up to 600,00 square meters and is expected to be completed in 2020. This high-end project consists of 3 areas: a Multi-functional urban area for high-end apartments, commercial centers, offices, hotels, residential areas for about 900 households. And the hospital area of Saigon was built with about 300 beds.
In the near future, Nguyen Cu Trinh Center will become the western gateway to the downtown area of Saigon.
The Golden Triangle Tran Hung Dao – Nguyen Thai Hoc – Pham Ngu Lao:
The Golden Triangle Area Tran Hung Dao – Nguyen Thai Hoc – Pham Ngu Lao has an area of 13,110 square meters in District 1. This area is dubbed as the “golden triangle” of Ho Chi Minh City.
The Golden Triangle Area Tran Hung Dao – Nguyen Thai Hoc – Pham Ngu Lao is adjacent to 23/9 Park, Quach Thi Trang Market, and Ben Thanh Market and will become the center of Metro Lines, buses, and a pedestrian street. According to the plan, it will be built in 60-65 floors and 260-meter height for various functions.
At present, the joint venture Jimiro of Korea – Dai Tan Phu will be the owner of this “golden triangle” area.
The One Saigon upper-class project:
The One Sai Gon is invested by Ben Thanh Land Real Estate Investment JSC and Grand Capital Investment JSC. The project is located at 172 – 174 Ki Con, District 1. Thanks to being located on the three streets frontage as Ki Con, Dang Thi Nhu and Le Thi Hong Gam in District 1 so The One Saigon is dubbed “one minute for every destination”.
The project is built in a total area of over 18,000 square meters; Construction scale includes 2 basements and 22 floors, 84 luxury apartments, and 4 Duplex Penthouse.
From The One Saigon, you can easily connect to a variety of busy and famous areas of District 1. The project promises to bring a lot of exciting experience through many outstanding facilities and its design ideas.
In fact, District 1 has many prominent high-end and own a landmark property market in District 1, which promises to bring new bright spots to Ho Chi Minh City.
You are reading the article “Real Estate Market In District 1 Welcomes Many Large-Scale Projects” in the section “Real Estate Market” on the website: www.realestatevietnam.com.vn
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