Updated report of Gachvang valuation company in February 2016 to February 2017 shows Ho Chi Minh City’s top-ranked streets fall into Ben Nghe Ward (District 1), hovering between USD $ 29,000 and $ 56,000 per square meter. Thus, the facade of many plots of land here is worth millions of dollars.
Contributing to the top 5 are streets in the heart of the city center with golden radius, near the HCMC People’s Committee and Ben Thanh Market. In the past 12 months, Nguyen Hue maintained its leading position, not much fluctuation in price despite the continuous increase in the progress of metro station.
Average price: USD $ 58,000 –USD $ 59,500 per sqm.
The most modern pedestrian street in the country, where the traditional flower street of Ho Chi Minh City for decades.
Nguyen Hue has been upgraded to a modern walking city since September 2014, to be put into operation on April 29, 2015. Total investment is nearly 430 billion, 670m long, 64m wide, accommodating nearly 6,000 people. After the upgrading period, from 2015, the land frontage of this route has been hunted by many giants and less volatile in the past 12 months.
Rental space here ranges from the US $ 50-100 per m2 per month depending on area and location. This is a street with the presence of ancient architecture is considered the symbol of Saigon is the headquarters of the People’s Committee of HCM City, a series of Grade An office buildings, the most beautiful 5-6 star hotel in the center.
Average price: USD $ 35,500 per sqm
Dong Khoi Street is about the same length as Nguyen Hue, starting from the Paris Public Garden before Notre Dame Cathedral, passing through Lam Son Square, Chi Lang Park and ending at the intersection with Ton Duc Thang Street, Saigon Riverbank.
Dong Khoi Street has set a record of land prices in Vietnam at the time of 2007-2009 when the information appeared on the sale of over USD $ 40 million per sqm. This is one of the busiest streets in Saigon, because of its shops, shop houses, luxury cafes, 5-star hotels and shopping centers of all sizes.
The prominent works on this street include: HCMC Opera House, Continental Hotel, Grand Hotel Saigon, Bong Sen Hotel, Sheraton, Vincom Center A.
Average price: USD $ 33,443 per sqm
Le Loi Street starts from the Quach Thi Trang office turning area, Ben Thanh market and ends at the corner of Dong Khoi Street, right at the Opera House. Along with this street, there are major shopping centers and shopping malls such as Saigon Center, a new shopping mall and Saigon’s iconic boulevard Ben Thanh Market. The line is now being fenced several sections to construct a tunnel connected to the City Theater’s metro station.
This is a street with a lot of trading activities near Ben Thanh Market. The facade is converted into a shophouse business of all types of goods: Souvenirs, clothing, handicrafts, fashion, cuisine, coffee shops… The townhouses are located at the corner, there are two fronts on Le Loi Street are offered millions dollar of land.
Average price: USD $ 32,750 per sqm
The shortest street in the top 4, Lam Son Square connects Dong Khoi Street and heading to the Opera House, the last section intersects with Hai Ba Trung Street. Viewed from above, this route is like a miniature square.
On weekends, this street often attracts crowds of visitors to enjoy the cultural performances held at the Opera House. In addition to the famous architecture of the theater, on Lam Son Square, there are two major hotels, Park Hyatt Saigon and Caravelle Hotel, which are rated 5 stars with beautiful architecture and impressive scale in Saigon.
This route now has many shophouses, shop displays and kiosks, dense shops. Rental rates on this street are also classified as expensive, averaging $ 50-60 per square meter, just behind Nguyen Hue and Dong Khoi streets.
Average price: USD $ 29,270 per sqm
Le Anh Xuan Street has no remarkable iconic buildings, nestled in a more humble space. The length of this street is from the intersection with Ly Tu Trong Street, Le Thanh Ton Street to Pham Hong Thai Street, a few minutes of walking from Ben Thanh Market. This is the hotel’s yellow line from 2-3 stars, mini hotel as well as small and medium-sized buildings developed from the street frontage.
The price of land on Le Anh Xuan Street appears dense on real estate houses and is always classified as a high-value asset. The most popular types of real estate offered on this route include: townhouses of 4-5 floors or more, mini-hotels, shophouses, shops … valued at USD $ 1.5-2 billion to USD $ 17-21 billion.
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