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The new wave of HCMC real estate in the suburbs

Real estate investors welcome wavefront

With the planning and relaxation of the city, real estate HCM has significant changes, especially in the suburbs.

Influence from city planning

Vaccination is one of the key programs that TP. Ho Chi Minh City has set out to implement within 5 years (from 2015 to 2020). According to the report at the People’s Council. Ho Chi Minh City in the meeting to review the socio-economic situation in Ho Chi Minh City in 2017, Chairman of the City People’s Committee – Mr. Nguyen Thanh Phong said, the transport infrastructure to serve the work, policy of relaxing the population has basically been completed. In 2018, policies will be implemented to expand the population to the outskirts.

Transport infrastructure to serve for the work, the policy of relaxation is basically completed.
Transport infrastructure to serve for the work, the policy of relaxation is basically completed.

According to Phong, the investment budget for infrastructure construction, implementation of the program to reduce traffic jams in 2017 is about more than VND11,300 billion, the accumulative value in the two years 2016-2017 is VND20,600 billion, accounting for 33, 6% compared with the plan for 2016 – 2020. The rest must be implemented in the period 2018-2020 is VND40,700 billion.

Complete infrastructure to connect the center to the suburbs

With investment capital in the previous period, especially from 2016 to now, the infrastructure in the city center. HCM connected with the district districts have gradually completed. For example, the route from Ha Noi Highway to Binh Thanh District 2, District 9, Thu Duc District to the South East, Highlands.

The city also intends to expand the Truong Chinh route connecting to the North West of the city. Including: Cu Chi, Hoc Mon and a part of Duc Hoa district, Long An city center. HCM; An Suong Tunnel belonging to Truong Chinh Road with Highway 22 to Tay Ninh.

In addition, the city has also built the Vo Van Kiet (Binh Tan) and Luy Ban Bich, Kinh Duong Vuong (Tan Phu District) to connect the city center with the southwest to the districts. Long An province, completing roads linking the South in the city center as National Highway 50, Nguyen Van Linh … All have created a smooth traffic system, reducing congestion in the inner city. And so also pulling the influence of real estate TP. HCMC on the outskirts.

Real estate investors welcome wavefront

According to Bui Van Hieu – Chief of Office of the Department of Construction. HCM, currently list of applications for real estate projects HCM City in 2018, of which there are large number of coastal projects.

Many investors have “hug” available land funds to prepare for the development of real estate in the coastal area when the opportunity came.

Real estate investors welcome wavefront
Real estate investors welcome wavefront

From 2015, many real estate businesses will buy land in the coastal areas to develop real estate projects when opportunities come. Him Lam Land is currently the owner of a large land bank in Di An area (Binh Duong), District 9, District 2 (HCMC). Hung Thinh Corp. owns dozens of land plots in the coastal area of ​​Binh Chanh District, District 9, District 7, Thu Duc District (HCMC).

Similarly other companies, Dat Xanh Group has already hugged the land fund in Dong Nai, Thu Duc, District 7. Nha Mo Joint Stock Company prepares land fund in District 9, bordering Binh Chanh real estate project TP. With 2,000 apartments in Q1 / 2018.

Other land developers such as Keppel Land are also preparing land funds in the open economic zone of Long Hung (Dong Nai). Dai Phuc Group is preparing land fund in Long An province, District 7 (HCMC) , Tran Anh Group prepared hundreds of hectares in Duc Hoa district, Ben Luc (Long An), Cat Tuong Group also jump into the game of real estate TP. Ho Chi Minh City when participating in the ownership of dozens of land plots about 200 ha in Thu Thua, Duc Hoa (Long An) …

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