Real estate businesses simultaneously "attacked" on the East Saigon area?

Besides Thu Duc, District 9 (HCMC), Di An (Binh Duong), Nhon Trach (Dong Nai)…are areas in the sights of real estate businesses. In fact, this is also the area that benefits the most from the founding story of "Thu Duc City" from the perspective of location and topography.

Thu Duc city according to the plan of Sasaki Associates Inc. includes 6 important centers, City People's Committee

Thu Duc city according to the plan of Sasaki Associates Inc. includes 6 important centers, City People's Committee

Talking around the story of why recently, real estate businesses simultaneously attacked the East to do projects, is it a phenomenon "following" Thu Duc City in the future?, Mr. Ngo Quang Phuc, General Director of Phu Dong Group had his views around this issue.

That is the story of the long-term orientation of the real estate business

According to Mr. Ngo Quang Phuc, General Director of Phu Dong Group, the East of Ho Chi Minh City has so far been an area with clearer development potential than other areas. Many real estate businesses have a long-term development vision in this market, not completely depending on the recent establishment of Thu Duc City.

Real estate is not a day-to-day story, it's a long-term preparation of real estate businesses, it can take 5 years, 10 years, or more to evaluate the potential of an area. there. Obviously, the East Saigon area has an advantage over other areas. Many real estate businesses choosing this area had to have a long-term strategic vision before.

“Phu Dong Group as well as many other businesses choosing the East region to develop the project had to have a strategic vision and development orientation 10 years ago, not recently. Accordingly, whether Thu Duc City is established or not will not affect the strategy of real estate businesses because most of them have planned it in advance. As for the story of Thu Duc City, it will certainly create a great impetus to strongly promote the potentials of this area to become reality sooner, "said Mr. Phuc.

If talking about regional links, the East has a clear advantage. Information about the establishment of Thu Duc City according to Mr. Phuc is the story of the future, but it is clear that the potentials of transport infrastructure and social infrastructure from the existing areas of the East have spoken of the development in the future. long-term in this area.

Businesses with land bank in Binh Duong, Dong Nai, bordering Thu Duc and District 9 of Ho Chi Minh City have the most abundant real estate supply. It is also a huge supply supplement for the HCMC real estate market in the context of the city's current shortage of housing supply.

“The factor of planning changes will affect investment trends, thereby affecting real estate prices. The establishment of Thu Duc City is good news, creating a great attraction for the East region, which is already very potential. However, from the story of ideas and papers to reality it takes time, so the expectation about the change in the price of real estate in the East has a basis, but don't be too soon, it can easily lead to a the price is too high compared to reality”, Mr. Phuc emphasized.

Water flows to the valley

Talking about the East area, it is not only limited to the eastern districts of Ho Chi Minh City such as District 2, District 9, District 9, Thu Duc District, but also expanded to the areas of Binh Duong, Dong Nai, Ba Ria - Vung Tau. …

When asked, if to choose to buy real estate in the area adjacent to Thu Duc District, District 9 (HCMC) such as Di An, Nhon Trach, what is the reason for buyers to "lower money", while psychologically Although bordering, buyers are not allowed to own a household registration in Ho Chi Minh City like buying real estate in Saigon, Phuc said, the essence lies in the story that matches the real needs of the people. Undeniably, there is still a "heavy" mentality of Saigon household registration, but if this regulation is removed, the development is the same. And strictly speaking, now home buyers are not too "heavy", important to the household registration factors.

Instead of buying a house in Ho Chi Minh City with a price of 2-3 billion but slums, small and cramped area, the same amount of money buyers can move to the bordering area to own a new apartment, while the Traveling is also quite easy because of convenient transport connections.

"The current market is clearly showing the trend of "water flowing to the valley", if there is a potential area, the price is still good, it will attract buyers there. Of course, real estate investment needs to go hand in hand with the question. transport infrastructure is easily connected," emphasized Mr. Phuc.

According to this CEO, the reason for recent times, the amount of demand pouring into Di An to search for real estate has increased because, the real estate price here is "one step" softer than the real estate price of Ho Chi Minh City, despite its border position. boundary. The reason for investors to put money here is also because the demand of this area is quite extensive, eats along the inner city road Pham Van Dong, convenient to Tan Son Nhat airport, methodical internal planning, system Infrastructure traffic connects almost seamlessly with Ho Chi Minh City.

If comparing prices, according to Mr. Phuc, there are areas where land prices in Di An are close to Thu Duc District, Ho Chi Minh City, also because of the outstanding advantages that this area has had during the past time.
Information Thu Duc City is creating quite a strong impulse for the real estate market in the East region, including Dong Nai and Binh Duong.

Information Thu Duc City is creating quite a strong impulse for the real estate market in the East region, including Dong Nai and Binh Duong.

“Investing in any area or project is a decision and research for each investor, but there is an undeniable fact that real estate is still a good asset accumulation channel, in the long-term, especially the price. Real estate never decreases. Especially, for investors, if you put it on the comparison table, real estate has always been the channel that brings the most profit margin for investors, "said Mr. Phuc.

From: cafef.vn

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