Real estate market in Ho Chi Minh City, the West welcome large waves
According to many experts and based on market reports. Many investors and customers have noticed the West more than the city. Because the infrastructure of this area is being invested strongly, real estate is also in the business season.
Located in the 7 programs proposed by Ho Chi Minh City in the period 2015-2020. According to the report of HCM City People’s Committee Chairman Nguyen Thanh Phong before the People’s Council. At the end of the 2017 socio-economic summation meeting, The city’s transport infrastructure for the relaxation policy has basically been completed.
In 2018, this will be the year of the policy of relaxing the population to the outskirts. By investing in infrastructure for the coastal areas to attract residents to live.
In 2017, capital to invest in infrastructure to improve traffic system and reduce congestion is VND11,000,000 billion. Up to this point, transportation to the suburban districts has been easier. Contribute to the rapid urbanization of the center and to connect the center to the southwest and coastal districts.
All will create a smoothly connected transportation system in the city. Especially from the central area and from the core area of the city to neighboring provinces.
The West receives wave infrastructure thanks to the available advantage
As the gateway of Ho Chi Minh City to the southwestern provinces. Therefore, the infrastructure system, traffic of the West are prioritized investment. And to date, it is almost complete and dynamic.
Especially the metro lines 2 (Ben Thanh – Tham Luong) – This is the most important metro line of Ho Chi Minh City; No. 4 (Nguyen Van Linh Avenue – Ben Cat Bridge, Thanh Xuan). This service connects East to West and West to Central.
“Often, when urban railways are deployed and put into operation. The real estate prices that these routes go through will increase on average from 25% to 30%. This brings a great prospect for the West, “said Le Hoang Chau, owner of HoREA.
Recently, the Coke market of the West has been added “energy”. With the Binh Hung Hoa cemetery project will be planned into green parks, high-rise residential complexes, and commercial services. With total capital in the first phase will be up to 784 billion.
“At present, the pressure on urbanization is too rapid plus pressure from the environment. This has caused many households from the East to move to the West. A real estate broker in Western perennial said.
It is from the market reality that many experts have given us very attractive forecasts on the real estate market in the West. And hopefully this will be a promising land for investors in 2018.
Prepare to receive the waves
According to experts, real estate investors are focusing attention on the West also for another reason. This is because the South and East of Ho Chi Minh City are in the state of overload of transport infrastructure. Due to the rapid increase in population, infrastructure can not be met.
Investors moved to the West to seize the opportunity because the population here is sparse. There are not too many people that urban transport infrastructure is more and more invested. The price of real estate before it is quite low, now the value is more advanced.
Le Hoang Chau said, the current real estate prices in the West is more reasonable than the East and South. Along with that, a series of national key transport infrastructures with the capital of hundreds of billions of dong are being formed.
A clean environment is the new trend of most urban residents. The West is the area with the largest density of trees in the city. There are two green parks: Gia Gia Park (32 hectares) and Hoang Van Thu (11 hectares).
“I personally think that if the apartment has the same price, same utility, .. then I will choose the West. Because this is an area with great potential for price development. Moreover, they enjoy a quiet and healthy life, “Chau said.
~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate new
“The West is not only an important link in the centralized and multipolar urban development model of Ho Chi Minh City. It is also a gateway to KĐT. With residential projects, connected infrastructure as well as modern health, education and trade facilities are emerging.
With the advantages are not owned any region, along with the emergence of a series of high-end projects. Certainly, the West will attract a large number of real estate agents. This area also promises to become a highlight of HCMC real estate in 2018.
You are reading the article West real estate HCMC is hot in 2018 in the Real Estate category
at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through
Hotline 0909890897 (24/7) or email to firstname.lastname@example.org.