Saigon market after the Lunar New Year

With many favorable conditions, Saigon South is expected to enter the new development era, starting this 2018

Explosion apartment project

Real estate market in the South of HCMC as of 2017 is considered a successful year in terms of the number of transactions to the sale price. However, the type of apartment is considered as a “limited year”.

As a series of projects are entangled in procedures and regulatory actions are tightening the licensing of new projects leading to the supply market difficult. There are signs that, in 2018, the situation will be different.

Apartment supply in the past year is really scarce by a series of projects are entangled. But this year things will be simpler

Entering the first months of 2018, with preliminary assessments visible. Last year’s apartment squeeze could be a boost for this year. When last year’s projects could not be launched, this year will be out soon.

Specifically, in the early months of this year, there have been many investors launching their projects. With statistics so far is more than 14,000 apartments. Highlights include: The Signature Midtown Phu My Hung (District 7, over 400 units), Hung Phat Green Star (Hung Phat, District 7, over 1,000 units), Saigon Riverside (Hung Thinh, more than 3,000 units), Mizuki Park (Nam Long, 4,576), High Intela (LDG, Binh Chanh), …

The figures show that the development of the market in the first 3 months of 2018 has improved. The number of units sold in the market over the three months surpassed the number that the 10 months of 2017 combined. Not only impressed by the supply to large markets, but South also attracted by the project “poison and peak.” Unlike most popular products developed, these projects are super-projects of the industry and are deployed on “golden locations” in the heart of District 7.

According to the disclosure, this April, after selling more than 100 million-dollar townhouses “Limited” of Hung Phat Green Star project complex on Nguyen Luong Bang. Hung Phat Company will continue to introduce to the market a green project, first to appear in Vietnam. Prior to Hung Loc Phat, Phu My Hung also attracted attention in the market with the Limited apartments priced at VND4-10 billion / unit. With a range of specialized gadgets for women and children.

The $ million special line also impresses District 7 next to the traditional line

The south of the market is predictable

According to the HCM City People’s Committee, in 2018, the city will simultaneously deploy the southern key infrastructures such as Rach Dau Bridge, Long Kieng Bridge on Le Van Luong Street, Thu Thiem 4 Bridge ( 2km long) with a budget of VND5,200 billion, linking Nguyen Van Linh (South and District 7) to Thu Thiem New Urban Area (District 2); widening Huynh Tan Phat road to 30 m connecting with the main road of Nguyen Van Linh (district 7); Construction of underground tunnel, overpass at Nguyen Van Linh – Nguyen Huu Tho crossroad with total capital of VND 2,600 billion.

In addition, the People’s Committee of Ho Chi Minh City has approved and funded the construction of the Nguyen Khoai Bridge from District 4 through District 7, Phuoc Khanh Bridge, connecting Ho Chi Minh City to Nhon Trach (Dong Nai Province). The development of Phu Thuan Road, which will serve the purpose of moving from Mui Dang Do to Phu My Hung new urban area also implemented this year.

The south of the market is predictable

As can be seen, a series of infrastructure projects are deployed with an estimated capital of more than 6 billion dollars will create a strong momentum to promote the South real estate market accelerated. Another advantage that the South has is the source of remittances. According to the statistics, the amount of foreign currency poured into the region in the end of 2017 to $ 5 billion. This is a huge source of capital for the real estate market in 2018.

Eco Green Saigon Apartment Project District 7 – The first super project of the South in 2018

Eco Green Saigon District 7 is a super apartment project was revived and developed by Xuan Mai Corporation. Eco Green Xuan Mai owns a prime location on Nguyen Van Linh street, District 7. After achieving successive projects in the North such as Xuan Mai Me Tri Plaza CT2E, Xuan Mai Complex, Xuan Mai Riverside, Xuan Mai Power CT2 To Hieu, …

Xuan Mai Corp officially conquered the southern market with a project named Eco Green Sai Gon in Nguyen Van Linh, Saigon – District 7.

The first spearhead project in Xuan Mai South’s Green Initiative named Eco Green Saigon District 7

This is the largest real estate project in the South of Ho Chi Minh City in 2018 up to the present time. Eco Green Saigon apartment project officially kicked back in early January 2018. But its attractiveness began to spread around a month back.

According to experts in the southern real estate industry, the Eco Green Saigon project has a special appeal, which makes investors and buyers feel comfortable in terms of design, planning as well as price.

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