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A number of projects in the East of HCMC such as Palm City (District 2 ), Lakeview City (District 2) Jamila Khang Dien (District 9) … is expected to benefit from the above works.
Ho Chi Minh City has proposed the Prime Minister to consider and approve the selection of investors in special cases, including the transport projects, should be urged to reduce congestion in the gate area which is frequently congested places, greatly affecting the socio-economic development of both the city and the surrounding area.
Specifically, the urgent projects need to apply specific mechanisms to complete soon as the sections from Phu Huu bridge to Hanoi Highway, from the Binh Thai intersection to Pham Van Dong road, from the An Lac intersection to the road Nguyen Van Linh of the Ring Road 2 project; the sections from Hoang Dieu Street to Nguyen Van Linh Street and the section from Nguyen Van Linh to Hiep Phuoc Industrial Park on the north-south axis; Thu Thiem 4 bridge project …
After these projects are implemented, the 69-km Ring Road 2 will be closed with the following routes: Go Dua Bridge crossing (Highway 1, Thu Duc District) – Bridge intersection An Phuong intersection (connecting with National Highway 13) – An Suong intersection (intersection with National Road 22) – An Lap junction (Highway 1 intersection with Ho Ngoc Lam road) – Phu Dinh – Nguyen Van Linh – Phu My Bridge – Rach Chiec Bridge on the East Ring Road – Binh Thai Crossroad (on Hanoi Highway) – Linh Dong Crossroad (intersection with Pham Van Dong Street) – Go Dua Interchange.
Ho Chi Minh City has just decided to revive Rach Chiec Sports Complex in the center of East (District 2) with a total investment capital of VND34,000 billion, a scale of nearly 500ha. Along with that, the bridge project worth VND500 billion is located on the Saigon riverside road which has just started construction to connect Thanh My Loi area, Cat Lai area, District 2 with the city center.
In addition, there will be 4 bridges to be built (bridges 5, 9, 12 and N4) at the project of constructing the technical infrastructure of the Northern residential area and complete the north-south backbone in Thu Thiem new urban area. Ho Chi Minh City People’s Committee also decided to invest in expanding the To Ngoc Van road to 30m straight from the Hanoi Highway to Pham Van Dong Boulevard (Thu Duc).
According to many investors, a series of new infrastructure projects are being implemented will open new opportunities for real estate in the East of Ho Chi Minh City. In particular, in HCMC, property projects adjacent to this route will benefit the most.
According to a survey, in a recent month, housing prices in the East of Ho Chi Minh City suddenly excited after a period of silence. Accordingly, in comparison with the beginning of 2016, the price of land in some areas with convenient traffic has the strongest increase, from 40-60%.
For example, some urban projects along the Ho Chi Minh City-Long Thanh – Dau Giay expressway have seen strong increases such as Lakeview City of Novaland increasing from VND4.5 billion / unit to VND7-8 billion / radical; The residential area of Merit of Khang Dien has increased about VND2 billion per unit compared with the beginning of 2016; Kepple Land’s Palm City metropolitan area also increased about 40% in just a few months of announcing the project to the market.
Or Him Lam Phu An project is located on the axis of Hanoi Highway, next to Rach Chiec bridge (District 9), compared with earlier this year each apartment has increased from VND200 million to VND 500 million. Another Him Lam Land project, located next to Pham Van Dong Boulevard (Thu Duc), has seen sales increase by 60% compared to the time it opened in 2015. The Jamila Khang Dien apartment project in District 9 increased from VND 14 million / sqm to VND 18 million/ sqm only after 3 months of the project was introduced …
Apart from apartment segment, the land segment in the East is also attracting investors. Hung Phu Home Investment Hung Phu Invest Joint Stock Company (Thang Long Real Group) is an investor with a size of 9.2 hectares including 197 townhouses and 30 villa. With the price of VND27 million / sqm, the ground floor has become the focus of the market in recent months. It is known that the entire project was issued red book. The project has completed the leveling, foundation.
In addition, there are a number of villa projects, adjacent to the Nguyen Thi Dinh and Dong Van Cong roads are also increasing transactions compared to the previous quarter by taking advantage of a number of new bridge construction projects have just started construction set up.
Not only the project land but the East of the land also saw high prices. According to the survey, the price of land on the front of To Ngoc Van (Thu Duc) is ranging from VND70- VND 90 million/ sqm. Prices in the alley adjacent to this route from VND 35 million – VND 50 million / sqm. Other routes such as Ta Hien (Thanh My Loi) land price is over 79.6 million/ sqm, Dang Nhu Mai street (Thanh My Loi) VND71.5 million/sqm, Truong Van Bang street (Binh Trung Tay) VND65 million / m2, Bat Nay street (Thanh My Loi) VND61.36 million / sqm. The lowest street number 3 (Thanh My Loi) is also worth about VND36.4 million / sqm.
List of apartment projects benefiting from the Ring Road 2:
You are reading the article “The Three Trillion Projects Of Ring Road 2, Palm City And Jamila Khang Dien Will Start To Benefit” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/.
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