The establishment of Thu Duc City and the strong investment in transport infrastructure make this place the focus of the real estate market in the East of Ho Chi Minh City.
In a new report published about the market prospects of real estate HCMC next 10 years (period 2020-2030), the Association of Real Estate HCMC (HoREA) asserts, Thu Duc will be one of three regional points Hot of Ho Chi Minh City real estate. This place has the conditions and potential to make a breakthrough, becoming a new hot spot of the market with the fastest urbanization in Ho Chi Minh City in the future.
The market report of the third quarter of 2020 of batdongsan.com.vn also showed that the total number of real estate listings for sale in the east increased the highest compared to other areas, noting that the demand for real estate was also concentrated. mainly in this area.
Photo: A corner of the East area of Ho Chi Minh City. Photo: Shutterstock.
Specifically, with the type of townhouse, while the central area had a 3% decrease in house prices in the last quarter because of the epidemic situation, in District 2, District 9 and Thu Duc still recorded an increase of nearly 7% over the same period. . With the apartment type, the price increase in the Eastern districts is about 8%, while the central area of Ho Chi Minh City is only 5%. In particular, while apartment prices in District 2 increased by about 2% compared to the previous quarter, District 9 increased by about 1%, in Thu Duc district the increase was up to 2.5% compared to the previous quarter.
Explaining this, experts say that, compared with District 2 and District 9, Thu Duc District has a prime location, good infrastructure foundation with asynchronous traffic network, convenient for both roads and waterways. and the metro is about to take shape. Besides, the information on the establishment of Thu Duc city also made the real estate market here exciting.
Formed based on merging 3 districts: Thu Duc, District 2, District 9, Thu Duc City in the future will be developed according to the model of a city in the heart of the city with an area of 212 km2, a population of more than 1, 1 million people. Planned as a highly interactive creative urban area, this will be home to 6 creative hubs, notably the Saigon Hi-Tech Center (in the period 2010-2020 attracting more than 7 billion USD). investment and export of 77 billion USD); Center for Education Technology (National University of Ho Chi Minh City with 18 member universities and research institutes, about 100,000 students, 2,000 lecturers)…
Not only is the cradle for training high-quality human resources for the creative urban area in the East as well as the whole country, but the future Thu Duc city is also a place to closely and effectively connect scientific research and application functions. applying modern science and technology in research, production…
It is expected that Thu Duc City will contribute 30% of GRDP (gross domestic product) to Ho Chi Minh City and account for about 7% of GDP (gross domestic product) of the whole country, becoming the nucleus to promote the city’s economy. Ho Chi Minh City and the southern key economic region in the future.
As a result, Thu Duc City will attract foreign investment with many experts coming to live and work. It is forecasted that in the next 5-10 years, there will be more types of real estate in this area with more abundant new supply, the market will be more competitive and buyers will also be more demanding.
Recently, the area of Thu Duc City has appeared a series of new projects, mainly in the area of District 2, District 9. In the central area of Thu Duc District, the King Crown Infinity project has also appeared. right on Vo Van Ngan Street, targeting upper-class customers.
Photo: Perspective of King Crown Infinity project.
Possessing a prime location right on the arterial road in the heart of the creative urban area, King Crown Infinity – a commercial complex and luxury apartments with 30-story twin towers located next to Vincom Thu Duc, owned by BCG Land Joint Stock Company – a member of Bamboo Capital Group. Not officially launched, but the project has attracted the attention of many customers. With a 30-story twin tower right in front of Vo Van Ngan Street, King Crown Infinity is expected to become a new symbol of Thu Duc City, contributing to changing and promoting the appearance of the area.