Along Metro 1 (Ben Thanh – Suoi Tien), it is now the competition of a series of real estate projects from high to low.
Metro Line 1 Ben Thanh – Suoi Tien is the key infrastructure of Ho Chi Minh City, one of the first urban railway built in the city. This project has a total capital of $2.49 billion (over VND 47,000 billion), the length of the whole route is nearly 20 km, of which 2.6 km underground (3 stations) and over 17 km above (11 stations). The route passes through District 1, 2, 9, Binh Thanh, Thu Duc (HCMC) and Di An Town(Binh Duong).
As soon as it was built, the Metro No. 1 line had a positive impact on the real estate market of the area it was passing through.
A real estate expert has confirmed that it is the future Metro lines in HCM City that will decide who wins, who loses. And those Metro lines divide the area of the investors
In fact, the current along the Metro No. 1 is springing up many real estate projects of famous inventors. Starting from the city center stretching to District 9 is a fierce competition of high-end to low-end projects.
Located at the Ba Son Subway Station of Metro Line 1 (District 1), Vingroup’s Vinhomes Golden River project is gradually taking shape. This project covers a total area of 25.3 hectares and is planned along the riverside ecological urban model, comprising the main subdivisions: High-class apartments and villas, offices for lease, trade centers and guest rooms. Hotels, the same system of utility, riverside park synchronized …
Located not far from Vinhomes Golden River another Vingroup project is Vinhomes Central Park (Nguyen Huu Canh, Binh Thanh District). This project is located adjacent to many stations of the Metro No. 1. The project has total investment of up to 30,000 billion is planned on an area of over 43ha, with nearly 14ha for parks and trees. green. Some blocks at the project have been handed over to residents.
Masteri Thao Dien Project (District 2) is invested by Thao Dien Investment Joint Stock Company located at the front of Ha Noi Highway. Deployed on an area of nearly 8 hectares, Master Thao Dien consists of 4 high-end apartment towers with elevations from 41-45 floors with more than 3,021 apartments, an office tower and hotel, school and central area. Commerce. The project is now handed over to residents.
Located not far from Master Thao Dien is the Thao Dien Gateway project invested by SonKim Land and Hamon Developments with a total investment of $ 105 million. The complex project consists of 4 towers with 439 apartments, 85 serviced apartments and 26 luxury apartments. Expected to be delivered in Q4 / 2017.
Close to Thao Dien Gateway project is Masteri An Phu project. This is the outstanding apartment project of investor Thao Dien Investment in 2017. The project is responsible for the construction of the prestigious contractor Coteccons. According to the information from the investor, it is expected in July and August 2017 Materi An Phu new announced officially launched. In order to ensure the progress of construction and handover, starting from August 2016 Coteccons contractors have carried out extensive construction and so far the progress of Masteri An Phu project has been constructed to the 10th floor.
Another project invested by Sonkim Land is also located near Metro No. 1, The Nassim Thao Dien (District 2) with 4 towers with 238 apartments being built up to the 20th floor. It is handed-over in 2018.
The project Estella Heights (District 2), invested by Keppel Land and Tien Phuoc Real Estate Joint Stock Company, is also adjacent to Metro 1. This project covers an area of 2.54 ha, Including four towers 33-34 floors with 872 apartments.
Him Lam also has a presence along the metro line 1 with Him Lam Phu An (Phuoc Long A Ward, District 9). This project is located near No.8 and No.9 of Metro 1. With a total of 1092 units, the Him Lam Phu An project has been roofed and is expected to be handed over to customers in 2018.
Hung Thinh Investment Real Estate Trading Joint Stock Company is probably the investor with the most projects located close to Metro No. 1. The Lavita Garden project (Thu Duc district) is adjacent to Terminal 10 of the route. Metro No. 1 consists of 2 blocks of 19 storeys with 648 apartments. The project is currently under roofing and will be handed over in 2018. Besides Lavita Garden, two projects located near Metro 1, 9View (District 9) and Moonlight Residences (Thu Duc) are being developed by Hung Thinh.
Benefits from the Metro line and solutions for investors
Metro Rail after completion will contribute to the city’s beauty, reduce personal mobility, especially increase the value of real estate and many real estate projects that it passes. The market received many positive signals from this infrastructure project:
- Transportation Bridge: The Metro line is a bridge linking the central, suburbs and contiguous provinces such as Dong Nai, Binh Duong, Hoc Mon … This can be called a complete solution. Perfect to improve the appearance of urban, economic development, social culture of the city. Ho Chi Minh City in particular and the whole country in general.
- Improve urban traffic: Solutions to minimize traffic congestion, environmental pollution, restricting up to a quarter of the traffic of motorcycles when the metro line goes into operation
- Time: Reducing transit time for people through public transport, environmentally friendly.
- Increase the value of the real estate market: The real estate sector has a Metro line that attracts many investors. Many real estate projects “follow the Metro” to enhance the value of products. Although only the Ben Thanh – Suoi Tien line is under construction, the rest of the lines are slower but still have a positive effect on the real estate market.
Current housing solution: The construction of the metro line is planned within the city’s planning scheme, creating more important opportunities for the real estate market. Investors need to pay attention to the factors of real estate price increases and the potential location to choose apartments suitable for residential or investment needs. Housing solution for residents in 2017 should choose a well-located project, located near the tram stations. Although the average price is 10-15% higher than the more distant housing projects but great investment potential. Moreover, well-connected metro projects are likely to recover faster if the market is degraded.
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