Thousands of billions of dong poured into infrastructure, real estate in the East of Ho Chi Minh City becomes a "bright" picture

Holding a strategic role in the planning picture of Ho Chi Minh City, Thu Duc City (in the East of Ho Chi Minh City) is oriented to develop into a creative and highly interactive urban area. This will be the gateway connecting Ho Chi Minh City with provinces and cities in the Southern key economic region.

Thousands of billions of dong poured into infrastructure, real estate in the East of Ho Chi Minh City becomes a "bright" picture

Holding a strategic role in the planning picture of Ho Chi Minh City, Thu Duc City (in the East of Ho Chi Minh City) is oriented to develop into a creative and highly interactive urban area. This will be the gateway connecting Ho Chi Minh City with provinces and cities in the Southern key economic region.

The economic "nucleus" - urban development of the South

With its leading position in urban and economic development of Ho Chi Minh City, Thu Duc City has been accelerating investment in synchronous transport infrastructure and modern planning vision, contributing to changing the appearance of the entire city.

Of the more than 200 transport infrastructure projects with a total capital of VND350,000 billion for Ho Chi Minh City, 70% are invested in the East, with the focus being Thu Duc City. Important transport projects such as Ho Chi Minh City Ring Road 3, Ho Chi Minh City Ring Road 4, Metro Line 1 and the railway connecting Long Thanh Airport are being accelerated.

Meanwhile, projects such as the Hanoi Highway expansion project, National Highway 13; My Thuy intersection, Dong Van Cong, Ho Chi Minh City - Long Thanh - Dau Giay expressway, Mai Chi Tho avenue, Thu Thiem 4-bridge project connecting to Cat Lai, Thanh My Loi; expansion of La Xuan Oai, Lo Lu, Nguyen Thi Dinh, Hoang Huu Nam streets, Lien Cang Cat Lai - Phu Huu - Ring Road 3 intersection... are gradually completing the picture of connectivity and inter-regional trade between the East and other areas.

Large, well-planned urban areas are contributing to changing the face of Thu Duc City.

According to the planning orientation until 2040, the East of Ho Chi Minh City will become a center of innovation and smart urban areas. In particular, Thu Duc City is expected to be the "Silicon Valley" of Vietnam, a place to focus on research, development and application of advanced technology, while concentrating on high-quality labor force. This will be a new economic nucleus, opening up great prospects for sustainable urban development, contributing to bringing Ho Chi Minh City closer to the goal of becoming a global city.

Catching the sustainable growth pole in new urban areas

Mr. Vo Huynh Tuan Kiet, Director of Housing CBRE Vietnam, emphasized that with its strategic position and long-term planning vision for the Eastern region in general and Thu Duc City in particular, it will be a dynamic urban development cluster and real estate product of Ho Chi Minh City. In addition to the planned sub-centers such as Thu Thiem, Rach Chiec, Truong Tho, high-tech zones 1 and 2, etc., large-scale urban areas that have been meticulously and methodically implemented to bring a modern and convenient living environment have also contributed to changing the face of the area, and at the same time becoming a long-term, sustainable growth pole for the real estate market.

Customers learn about The Global City urban area project

Notable among these is The Global City urban area developed by Masterise Homes, located right on the frontage of Do Xuan Hop Street, An Phu Ward, Thu Duc City. With a scale of 117.4 hectares, the urban area is expected to become an iconic urban area of Southeast Asia and the new center of Ho Chi Minh City, gathering a variety of modern entertainment - shopping - entertainment facilities. In particular, the SOHO subdivision - the international commercial townhouse area has been completed and handed over, gathering a series of F&B,education , service, beauty, shopping brands... participating in business, creating bustling streets - the energetic appearance of the "new center".

SOHO international standard commercial townhouse area located right on Do Xuan Hop frontage

Most recently, The Global City also introduced the Masteri Grand View high-rise subdivision with more than 600 luxury apartments, appearing right at the intersection of two main roads Do Xuan Hop and Lien Phuong, close to the key amenities of the urban area. The project was launched at a time when Ho Chi Minh City was in a period of insufficient supply to meet demand and received much attention.

It is worth mentioning that a series of key transport infrastructures have been and are being deployed around the core of the project, creating potential for increased value in the future. For example, Lien Phuong Street is the existing radial axis of the project. After completion, it can help residents connect directly to Mai Chi Tho Avenue, Vo Nguyen Giap and Metro Line 1, moving to An Phu, Thao Dien, Thu Thiem, District 1 within 5 to 15 minutes. Do Xuan Hop Street is part of the plan to expand to 30m in Ho Chi Minh City, Ring Road 3, Ring Road 2 closed, Ho Chi Minh City - Long Thanh - Dau Giay Expressway expansion, Long Thanh International Airport... are all being deployed, promising the potential for smooth and fast inter-regional connectivity for the project.

Along with that, the project launched right at the time when the new land price list of Ho Chi Minh City took effect, the new law related to real estate was in the early stages, creating an advantage for "smart" investors. What "early birds" need to consider now is to use financial leverage carefully to be able to anticipate the market effectively and sustainably.

Source: https://baodautu.vn/batdongsan/hang-nghin-ty-dong-do-vao-ha-tang-bat-dong-san-khu-dong-tphcm-tro-thanh-buc-tranh-sang-d231168.html