As the area has rapid urbanization and concentration of large infrastructure projects are deployed, Nam Saigon became the “magnet” to attract real estate giants. The strong development of the city towards the south is opening up many opportunities for investors to be nimble.
Thousands of billion for key infrastructure projects
In Ho Chi Minh City, the Southern area is considered as a bright spot in the pace of urban development in sync with other areas.
Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), said that infrastructure development is a huge factor. However, with the population density increasing by ten times, the infrastructure in the South is increasingly overloaded. The concentration of resources, investment and improvement of transport infrastructure in the South is the indispensable trend.
To solve traffic congestion in the South, many infrastructure projects have been included in the investment approval roadmap: Nguyen Van Linh – Nguyen Huu Tho intersection (invested VND2,600 billion ); project of Nguyen Khoai Bridge from District 7 through District 4 (invested 1,250 billion); the project of Nguyen Tat Thanh street, District 4; The north-south highway connects the central area with districts 4, 7 and Nha Be with an estimated cost of over VND 6,744 billion; The project of Rach Dia Bridge and Long Kieng Bridge is also expected to be completed in the first quarter of 2018.
In addition to priority to solve the jams in the immediate future, the city is also planning to expand Le Van Luong Street, the arterial road connecting South Saigon and Long An. In particular, Metro 4 (passing through districts 1, 3, 4, 7, 12, Go Vap, Phu Nhuan and Nha Be) runs in parallel with Nguyen Huu Tho Street, has been planned and is being proposed an adjustment to extend from Nguyen Van Linh to Hiep Phuoc Port Urban Area. Accordingly, Terminal 2 of this expressway will be located in Hiep Phuoc Port Urban Area, Nha Be District.
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Store up real estate – trend of the rich people
According to real estate experts, potential investment in the South, the current trend of infrastructure development is not controversial. However, connoisseurs are moving in a clear direction. In particular, “affordable” land-based products are becoming a hunting target for infrastructure.
One of the hot spots attracting investors is Long Hau commune, Can Giuoc District, Long An province. This area is located adjacent to the port cluster located along the Soai Rap including SPTC International Container Port, Hiep Phuoc Sai Gon Port, Hiep Phuoc New Port, Long An International Port.
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