Western land prices began to increase rapidly


Real estate market in West HCMC infrastructure stronglyThe western area with two major localities are District 6 and Tan Phu. With the development of commodity economy, the development of infrastructure has been accelerating. Only in Tan Phu district are more than 30 infrastructure projects are deployed.

Beside the major roads will be expanded as Kinh Duong Vuong Street, East West Avenue, Hau Giang Street, Hung Vuong Street, etc. The city also plans for urban railway (metro) in this area.

Real estate market in West HCMC

The developed economy in this area has contributed to the conditional investment infrastructure

The metro railway system through the area including line 2 (Ben Thanh, Tham Luong); Line 6 Binh Phu (Tan Binh, Phu Lam).

In addition, there is a ring road number 3 that connects the western part of the city to other areas. Especially with the central area. As well as from Ho Chi Minh City to Long An, Binh Duong and Dong Nai, thus creating a link axis east-west smoothly.

On waterway, Tau Hu canal will be the main transportation route for the area. It is connected by Binh Dong port along this canal and is expected to be relocated to Phu Dinh port.

A master plan for the future of the region

Ho Chi Minh City has completed the plan for important issues for the West in the future. Particularly in the immediate future is the relocation of some industrial parks, the completion of public welfare facilities and trade in services. More importantly, it is necessary to ensure the harmony between economic development and environmental protection.

Expert observation of the real estate market in Ho Chi Minh City – Phan Cong Chanh analysis. The infrastructure of the area has changed markedly, service life full service life.

Easy and convenient transportation is turning the West into a new bright spot in the sky of Ho Chi Minh City creating conditions to attract real estate investors and large enterprises to invest money.

According to the expert, with the system of metro routes passing through the area. Then you can see a lot of new utilities are formed. Create a new face for the area such as AEON Mall, Big C, CoopMart, Galaxy Cinema, Bmart, CircleK, schools, parks, Children’s Hospital 3, …

AEON Mall

The system is fully formed, synchronized to meet the needs of people and change the face of the area

Mr. Chanh also added, the system of the most popular markets in the country located in this area. As Dai Quang Minh, An Dong, Soai Binh Lam, Binh Tay, Kim Bien, Tan Thanh, … has created a bustling business area in Saigon, a large number of traders, laborers and attracted tourists, … Also contribute to the real estate here are more attention.

Western Bus Station also has plans to relocate to replace a commercial center and supermarket CoopMart. It will make it easier and more exciting to expand Western trade with Western provinces.

In addition, the launch of the Golden Plaza online shopping center has been well received. The further increase of the commercial market of the vibrant West.

The city’s general planning adjustment for the western region to ensure the development of suitable areas in the distant future. At the same time, the orientation of socio-economic development planning for this area is suitable for the whole city. In order to meet the requirements of the center is to expand the suburbs and renovate the center in the coming time.

With this in mind, the urban space development of the city is divided into four main areas. In that, the West is planned to build some important projects. In order to turn this place into a mixture of utilities including residential, commercial services, office buildings and public greenways, …

Real estate constantly changing prices per day

As noted in the market today, the price of apartments in the area west of HCM City is changing day by day, with the trend increasing depending on the location of the project.

Western apartments

Western apartments are being exploited to the maximum. Because many businesses have met the real demand of the market

Take for example a project located on the axis of Tran Dai Nghia Street (District 6) was recently released to the market over time. At present, the selling price of each unit is not much between VND 1.5 – 1.6 billion (excluding VAT).

Do not stop there, according to the investor of this project. The price will be adjusted up from 5-10% again in next sale next year.

Another example is a project located on Hau Giang Street, which is in the process of being handed over. Its selling price was VND 150-200 million compared with the time of opening the sale early last year.

Le Hoang Chau, chairman of the HCM City Real Estate Association, said. Saigon West is the focus of many medium-sized projects suitable for people with real needs.

“I personally find that if the same apartment area without much attention to too many utilities. Many customers will not need to choose the West immediately. Because the price of apartments in this area is very suitable to the needs of many customers in the market today … “said Chau.

You are reading the article Western land prices began to increase rapidly in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through Hotline (+84) 898 898 688 (24/7) or email to contact.vietnamrealestate@gmail.com.
Special thanks!

Đánh giá bài viết

Related Posts
  • VINHOMES GRAND PARK VINHOMES GRAND PARK
    The Vinhomes Grand Park project in District 9 (Thu Duc City) is a mega-urban park of the investor...
  • THE CENTENNIAL BA SON
    Situated in a golden location at No.2 Ton Duc Thang Street, Distric 1, HCMC. The Centennial is...
  • SONASEA VILLAS AND RESORT PROJECT
    Located in Duong To ward, Phu Quoc district, Kien Giang Province, Sonasea Villas & Resort is a...