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Mr. Le Hoang Chau – President of HCMC Real Estate Association said. Many investors are turning their attention to the West. Because the infrastructure in this area thrives and they want to go ahead.
This advantage is further enhanced when metro lines begin to form. Because there are three routes going through and directly affecting this area. Especially in the area of Phu Lam roundabout – the meeting place of 3 lines 2, 1 and 3A.
In addition to planned metro routes, Ho Chi Minh City also has plans to deploy the ring road 3. Helps traffic in the Western Saigon easier to connect with the central district and the provinces up to Binh Duong, Dong Nai and Long An.
Recently, the HCM City People’s Committee assigned HCM City Department of Transport to study and solve the traffic jams for the Intersection of Four Communes.
And investment to expand the bridge across Luong Beo channel from 8 to 16m. Help connect from the 40 road to Tran Van Giau and pedestrian crossing Tran Van Giau.
In addition, it is necessary to invest in flood prevention projects and upgrade Ho Hoc Lam road.
Not only the infrastructure but also more and more new utilities appear to serve the needs of the people. Galaxy Cinema, AOEN Mall, Big C, Coop Mart, Circle K, chain of shops, schools, hospitals, …
The above works reflect that the West Saigon area has really developed strongly in the past few years. Especially in Binh Tan district with the core is Fire Name.
The emergence of these projects really created a fresh and breezy wind in the West. Creating a distinctively Western district, which has led to many new projects. The market of apartments and real estate here bustling up.
The development of the infrastructure has led to a series of new projects sprouting up in this area. For example, VND750 million for a two bedroom apartment- Tecco Tecco Town Project of Tecco attracted much attention of customers.
The project has nine apartment blocks with 21 floors. Owning more than 1,600 apartments built on an area of 50,000 sqm. Within the area are many other amenities such as kindergarten, school, park, swimming pool, entertainment area, commercial center, cinema, …
In the same area, the project of Summer Square in Ward 14, District 6 by GotecLand Co., Ltd as an investor has just opened for sale. This project owns 256 apartments in two blocks of 18 storeys. Each apartment cost from VND1.6 to 1.8 billion and will be sold in December last.
Recently announced to market, His Him Lam Big Market Lam Him Lam almost fires. With 1400 units / 1,450 units were booked after the first sale.
Another great “house” of the HCM market is Novaland Group also quickly contributed to the West by RichStar project. Project with the planning of public works 5.7ha and green park, sports 4.51ha. Along with the management of the brand RichStar. The project has created a highlight for the whole West.
Similarly, Hung Thinh Real Estate Company has recently registered their teen in the West with the project Melody Residence. The project includes 2 blocks A and B with 20 floors, with 18 floats and 2 basements. Melody Residence has a total of 704 apartments with an area of 66.9 – 94.6 sqm.
In December, Hung Thinh Land continued to fill its name in the West with Moonlight Park View. The project has a size of 7,650sqmwith 3 blocks. Inside is a 34 shophouse, 38 office-tel and 463 1-3 bedroom apartments.
According to Tran Quang Khanh – General Director of Viet An Hoa Company. The Western Saigon area is home to a large source of migrant workers. Plus the engineers, workers of neighboring industrial zones. Should mid-range real estate with the price of VND1.5 billion or less will definitely dominate this market.
Unlike the East and South, mainly developed high-end real estate. The West will mainly be mid-level projects catering to the real needs of many. Therefore, the West will develop slowly but surely.
Talking to reporters, Le Hoang Chau said, real estate West is gradually attracting more investors. Because of this infrastructure is invested strongly and the project here is very high liquidity.
Mr.Chau also added that the big advantage that the West has is satellite hospitals such as Nhi Dong 3, Cho Ray 2, Ho Chi Minh City Hi-Tech Park, etc. This may also be the reason for the residents to choose this place to live away from the noise of the city.
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