HCMC real estate market, the East is still the most prominent market
In 2018, the forecast of East Saigon will continue to welcome new investment wave. Because of this, in addition to having a closed investment infrastructure system, billion-dollar projects are pouring into Thu Thiem, Hi-Tech Park, etc. It will create leverage for the market to thrive.
According to Duong Thuy Dung, Director of CBRE Vietnam, in 2017, the East will still dominate the “top position” as in previous years in terms of both supply and liquidity.
“In particular, in the past 3 years, the East has formed a complete network of transport infrastructure, modern and synchronous connection. In parallel with that, Thu Thiem urban area – the new economic center of Ho Chi Minh City also contributed to be one of the important levers for the real estate market in the East and the city, “added Ms. Dung.
The billion-dollar projects are the brightest stars on the market
Accordingly, next to the Ho Chi Minh City – Long Thanh – Dau Giay Expressway has been put into operation. A number of infrastructure works, key traffic through districts 2, 9 and Thu Duc are being implemented simultaneously. As Beltway 2, Ring Road 3, Thu Thiem Monorail, Long Thanh International Airport (investment decision has been made), …
Metro line Ben Thanh – Suoi Tien and bridges connecting East with Nhon Trach. Once completed, the traffic will connect easily with the city center, Long Thanh Airport and neighboring provinces.
In addition, Ho Chi Minh City has poured thousands of billions to upgrade and expand the main transportation routes such as Nguyen Xien, Lo Lu, Do Xuan Hop, … Contributing to reduce the traffic pressure of the area and help to move more conveniently.
Attract the world’s leading corporations to invest.
Typically, the two giants of the technology industry are Intel and Samsung, which have poured billions into high-tech zones. Ascendas Group and Saigon Bund Capital Partners invest more than US $ 130 million to build OneHup Saigon Complex. Allied Telesis Inc. INC. And Quantus Corporation have invested US $ 500 million in the Health-Trade complex.
According to unofficial information, some big corporations from France and the US are also promoting their work with Ho Chi Minh City. Looking for an investment opportunity in modern entertainment complexes in Thu Thiem such as high-end hotel, entertainment area with casino, big theater.
Most recently, a large Japanese department has also worked with the City People’s Committee and expressed an interest in investing in the Rach Chiec Sports Complex. In preparation for HCMC to host the Southeast Asian Games (SEAGAMES).
At the same time, the City People’s Committee has recently approved the Science and Technology Park project to be launched. With 200 ha in Long Phuoc Ward.
This will be a place to focus on research and application of advanced technologies in production, creating high quality products. This shows the bright prospects of the East market. There will be a great deal of professionals, engineers and workers focused on work and life
These are the key factors promoting the real estate market is growing and increasing value. “We anticipate that in mid-2018 the mid-market segment will dominate the market. In addition, the high-end segment will witness a strong rebound, largely concentrated in the East. Many investors will open their high-end apartments that will not be completed in 2017, “she said.
The beginning of this trend will be the leading Malaysia-Berjaya Real Estate Group. The group has poured trillions into 1,000 apartments in the Topaz Twins. With international standards and has created a fever in the real estate market on the first day of publication.
Recently, Thu Duc Housing Development Corporation (Thu Duc House) in cooperation with Daewon Co., Ltd. (South Korea) has also groundbreaked Centum Wealth project with the scale of 11,582 sqm.
Located in front of Phan Chu Trinh street, Hiep Phu Ward, District 9. This project consists of 3 towers of 18 to 30 floors. The apartments of the project area from 55-89sqm, with full facilities such as commercial center, kindergarten, swimming pool, children’s play area, outdoor BBQ, park, trees, … .
In addition, Phu Long Real Estate Company will also launch a new urban area in Phu Huu Ward.
Real estate firm from Hanoi – Sunshine Group is also rapidly deploying twin towers in gold with a total investment of over 3,000 billion on Mai Chi Tho. The project has a view of District 1.
Him Lam Land is also not inferior to the launch of another affordable housing project in District 9. It promises to offer over 1,000 new apartments.
All of the outstanding projects mentioned above will make the city’s market a strong attraction for investors, as well as people with real needs. This is also the strategic direction of the city to reduce pressure on the central area.
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