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Updating The Timing Of Thoi Dai Bridge Crossing Over Diamond Island

Thoi Dai bridge project

Commenced construction in September/2017, the bridge project through Kim Cuong (Thoi Dai bridge) to date is under construction contractors are quite urgent, promising to complete on schedule.

According to Vietnam real estate, the latest construction progress of the bridge over Diamond Island (Thoi Dai Bridge) is currently underway in the concrete bridge section, which is one of the important construction items. Observe that at the construction site there are many machines, specialized vehicles for the construction of bridges, some workers and engineers also urgently execute construction.

According to the design, the bridge over Diamond Island is 837m long, 27m wide, including 4 lanes. The bridge will be built along the Saigon River, connecting Thanh My Loi residential area via Diamond Island (District 2).

The bridge has a total investment of nearly VND 500 billion and plays an important role as Dong Van Cong Street is overloaded when the vehicles have to pass here, to the intersection of My Thuy to the Ring Road 2. In the future, Thanh My Loi street development will increase traffic, will make the situation more serious congestion.

Thoi Dai bridge project
Thoi Dai bridge project is under construction.

It is expected that the construction of the bridge over Diamond Island will be completed within 11 months. However, the owner promised to try to accelerate progress faster than 2-3 months.

Some images of bridge progress through the island of Diamond (latest Bridge):

Thoi Dai Bridge project
Inside the construction area of Thoi Dai Bridge.
Thoi Dai bridge
The situation of the project is happening quite urgently
Thoi Dai bridge
Location of construction area for the bridge

The price of land around the bridge project through Diamond Island increased “dizziness”

After the construction information of the bridge over Diamond Island was widely publicized, the price of land in Thanh My Loi District 2 also has a rapid change, some roads have actual land prices up to VND 100 million / sqm.

For example, land plot at Truong Van Bang street is VND 113 million / sqm, Ta Tieu street is VND 95 million / sqm, Le Hien Mai street is VND 83 million / sqm, Nguyen Van Kinh street is VND 70 million / sqm, Dong Van Cong street is VND 58 million / sqm, …

On average, the land price of some roads in the administrative center of District 2 and near Kim Cuong Island is fluctuating VND110-120 million / sqm. Local brokers said that the increase in selling price during the first half of the year will continue until the bridge to Diamond Island is started. The price of land in this area is now over 30% compared to the end of 2016.

Thoi Dai bridge
Finished flooring has pushed up land prices in District 2 steadily increasing recently

The cause of land price increase in Thanh My Loi Ward is identified as the “launch pad” of good infrastructure, so the apartment price in this area extended to District 9 and the apartment is under construction on the avenue. Mai Chi Tho has increased to 40-45 million / m2. Besides, the bridge over Diamond Island will connect Ring Road 2 to Long Thanh – Dau Giay is very good.

Moreover, this is a tourist route should be planning no trucks, sand trucks carrying sand, static no 6m high bridge so the train can reach.

Apartment projects are expected to benefit from the construction of the bridge over Diamond Island (Thoi Dai Bridge)

With such positive signals, the real estate market in the East has become bustling and eager to receive massive waves of investment from land to apartments of the projects here. It is possible to see high-end and high-end apartment projects in Thanh My Loi area such as One Verandah, Diamond Island, Thu Thiem Dragon, Feliz En Vista, Vista Verde and Waterina Suites. A great opportunity for future price increases when the bridge over Diamond Island officially put into operation in 2019.

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