North-South high-speed railway: Completely changing settlement thinking, big cities are no longer a priority

People no longer flock to urban areas

According to National Assembly delegate Nguyen Quang Huan ( Binh Duong ), Vice President of the Vietnam Association of Private Entrepreneurs, in urban planning, development according to the public transport system (Transit Oriented Development - TOD) is an urban development model based on the orientation of public transport development, taking traffic hubs as the point of population concentration to further form a decentralized transport system.

This model aims to maximize residential, business and entertainment space, strengthen the local economy, and cut costs and travel time for residents.

“ With the expected speed of 350km/h of the high-speed railway, the Hanoi - Vinh (Nghe An) route will be shortened to 1 hour. Or with just over 8 minutes on the train, people and tourists from Hanoi can reach Phu Ly. It is expected that from Hanoi to Ho Chi Minh City will only take about 5 and a half hours.

So if we develop according to the TOD model, at this time, people can completely choose to live in real estate areas, urban areas that follow the high-speed railway. They will look for opportunities and will not necessarily focus on the core area anymore ," said delegate Huan.

The North-South high-speed railway can contribute to completely changing people's settlement mindset, big cities are no longer the number 1 priority. (Illustration photo)

Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, analyzed: Developing urban areas along high-speed railways is an effective solution to solve the problem of housing supply and demand in Hanoi and Ho Chi Minh City - the two "hottest" localities on this issue.

If this route is put into operation, it is likely that people studying and working in Hanoi whose hometowns are about 100 - 300 km away from the city will also be able to "go in the morning and come back in the evening". When demand decreases, it will create conditions for the price of buying and renting houses in big cities to slow down, no longer being as hot as it is now. And gradually this will help restructure the real estate market, repositioning the market.

Land fever in big cities and provincial centers will gradually disappear. In the more distant future, with the strong development of high-speed railways, the dream of a house for the poor will soon be realized.

Sharing the same view, Professor Dang Hung Vo, former Deputy Minister of Natural Resources and Environment, said that the construction of the North-South high-speed railway will help form large urban areas along the route, contributing to reshaping the real estate market.

“ When the project is formed, urban development along the route is inevitable and that is also one of the values of the railway ,” said Mr. Vo.

The construction of the North-South high-speed railway will help form metropolises along the route, contributing to reshaping the real estate market.

Prof. Dang Hung Vo, former Deputy Minister of Natural Resources and Environment

“ The question here is whether the 20 stations arranged as in the draft are suitable to disperse population density in big cities? If the above problem is solved, there will no longer be a situation of population concentration in megacities ,” Mr. Vo added.

According to Mr. Vo, the North-South high-speed railway project will facilitate population dispersion, reduce pressure on big cities and promote the formation of new modern urban areas, but in the direction of gradually shifting to localities and provinces.

Mr. Vo gave an example of Germany, in this country, their slogan is "10 minutes by car to reach a city". This "slogan" has created a developed country, with the supply and demand of commercial housing no longer being different but being spread evenly throughout the country. This is what Vietnam needs to learn to develop real estate along the North-South high-speed railway.

" High-speed railways will not only solve the problem of housing supply and demand, but also limit the situation of virtual prices ," Mr. Vo emphasized.

Sharing the same view, Mr. Do Van Hat, Chairman of the Board of Directors of Transport Investment and Construction Consulting Joint Stock Company, said that Vietnam has a long terrain, therefore, the North-South high-speed railway line after its launch will be able to impact the entire economic corridor along the country, including real estate.

“ Compared to some countries with high-speed railways, each railway line will usually only develop one horizontal or vertical axis due to the large and round terrain. But Vietnam only needs a single railway line running from North to South to have an economic impact on all regions across the country.

When traffic is smooth, it will promote trade, bring regions closer together, and narrow the economic gap between regions. This also contributes significantly to the development of the real estate market across the country ," Mr. Hat analyzed.

Specifically, when the high-speed railway is put into operation and the North-South real estate ecosystem is formed, the population distribution across the country will be more harmonious and reasonable. People can return to localities along this route to live, while still being able to work in big cities or other localities.

“ When people's settlement mindset changes, infrastructure pressure will no longer weigh heavily on large cities that are already overloaded ,” Mr. Hat said.

Need for urban areas along high-speed railways

Experts say it is necessary to plan urban areas along the North-South high-speed railway soon. (Illustration photo)

Expert Nguyen Tri Hieu also expressed his opinion that, in addition to developing the North-South high-speed railway, Vietnam should study in advance the planning of urban areas along this route because it is necessary and important.

“ It must be a transnational plan. The scale does not stop at developing the North-South railway axis but also needs to develop the real estate ecosystem, specifically the urban areas along this route. These urban areas will attract people to live and do business because they can be in one province in the morning and return to another province in the evening thanks to the high-speed railway ,” said Mr. Hieu.

Mr. Nguyen Quang Huy - CEO of the Faculty of Finance and Banking, Nguyen Trai University - also expressed his opinion: In the context that Vietnam is entering a cycle of transforming the growth model, modernizing infrastructure and restructuring urban areas, the high-speed railway is not only a transportation project but also a symbol of national vision, a strategic "push" to open a new stage of development - deeper, more sustainable and more widespread.

" The North-South high-speed railway and its surrounding infrastructure, if implemented synchronously and with long-term planning, will greatly contribute to the innovation of Vietnam's real estate market ," Mr. Huy emphasized.

The North-South high-speed railway and its surrounding infrastructure, if implemented synchronously and with long-term planning, will greatly contribute to the innovation of Vietnam's real estate market.

Mr. Nguyen Quang Huy - CEO of Faculty of Finance and Banking, Nguyen Trai University

According to him, central cities such as Hanoi and Ho Chi Minh City will have their population density reduced, reducing pressure on infrastructure, housing prices, traffic and the environment. People can live in the province - work in the city, travel in a short time thanks to high-speed rail - similar to many satellite cities in Japan, Korea, France, etc.

In addition, provinces with expressway stations will enter a strong development cycle, becoming a new driving force for the real estate market with three pillars: modern urban areas - smart industrial parks - high-class resorts.

From there, a real estate ecosystem is formed along the highway corridor, where land funds are still large, prices are reasonable, and there is potential for sustainable growth - creating conditions for medium- and long-term investors to enter strategically.

According to Mr. Huy, the important thing is not only to build the routes, but more importantly, to turn these axes into “new growth poles”, transnational development corridors. That is how many countries have overcome such as China, Japan, France, Germany…

In Vietnam, along the high-speed railway, we can develop modern satellite cities where people live green, comfortable, and internationally connected; Form new industrial centers, near seaports, airports and railways - creating competitive advantages for the global supply chain.

At the same time, shaping international-class resort tourism centers, with shorter travel times and synchronized infrastructure and utilities. Developing international financial centers.

In addition, expanding the space for development of finance, logistics, education, healthcare and technology, thereby not only developing real estate but also changing the face of the national economy.

" High-speed railway is a leap in thinking, from urban development according to administrative boundaries to regional development according to the logic of transport - economy - population. And we not only have an additional route, but can redesign the national economic space, reshape development centers on par with the region and the world ," Mr. Huy analyzed.

Experts also say that highway projects, whether road or rail, are often built outside urban areas, mainly on farmland, so businesses may develop real estate in suburban areas, building urban areas across the country.

Recently, VinSpeed High-speed Railway Investment and Development Joint Stock Company (under the Vingroup ecosystem) announced that it has registered to invest in the North-South high-speed railway project. The enterprise expects to start construction before December this year and operate the entire route before December 2030.
Responding to this opinion, many ministries and sectors have basically supported and welcomed this proposal. Meanwhile, Deputy Prime Minister Tran Hong Ha also requested ministries to report on VinSpeed's proposal before May 22.

Chau Anh - Thanh Lam - Pham Duy

Vtcnews.vn

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