Ho Chi Minh City has a plan to develop an innovative urban area, including the High-Tech Park in District 9, Vietnam National University, Ho Chi Minh City, and the financial center of Thu Thiem (District 2). Developer Masterise Homes believes that the creation of a creative urban area is a breakthrough for the real estate market of the three districts, a driving force to boost the economy and improve people's lives.
It is expected that the east of Ho Chi Minh City will create a key economic area of 21,000 hectares, with 1 million people, accounting for 10% of the city's population, estimated to contribute about 30% of the GDP of Ho Chi Minh City.
A representative of CBRE Vietnam said: “2020 is a difficult year for the housing market because of the Covid-19 epidemic. However, the market showed signs of recovery at the end of the second quarter. Investors are rushing to plan the project implementation, while buyers are actively looking for suitable products at reasonable prices. This will be the driving force for a more exciting second half of the year.”
Ho Chi Minh City developed an innovative urban area which was merged from districts 2, 9 and Thu Duc.
According to CBRE's second quarter report, the supply for the second half of 2020 will gradually improve and reach about 18,000 apartments for the whole year. Although down 32% compared to 2019, mid-end products continue to account for a high proportion, besides a moderate amount of supply from the luxury and high-end segments. In particular, the east of Ho Chi Minh City continues to be the hot spot of the market, with many new projects in District 2 and District 9.
According to the developer Masterise Homes, one of the factors that helps District 9 become the focus of domestic and international investors is the development of regional infrastructure, real estate projects located near the highway. convenient.
In fact, 70% of the total investment, equivalent to 245,000 billion VND, is for the connecting infrastructure in the east of Ho Chi Minh City. In which, the most prominent is the parallel highway Ho Chi Minh City - Long Thanh - Dau Giay, with a total investment of up to 808 billion VND.
Major roads such as Ring 2 (inner ring) are also expanded with 6 lanes to reduce traffic congestion at peak hours. In addition, the Metro 1 Ben Thanh - Suoi Tien line will soon come into operation, quickly connecting District 9 with central districts.
“The district 9 area benefits from convenient connectivity via the Hanoi highway. With many advantages in traffic infrastructure and potential in the eastern region, high-end real estate projects in District 9 are home to a community of experts, intellectuals, engineers, doctors, and lecturers. from reputable universities in the region", the developer representative analyzed.
According to the plan, from now to 2025, District 9 will become a new urban area with improved infrastructure, focused public utilities and improved people's living standards.
JLL noted that real estate investors are tending to move away from the center, where there is a large land bank and a diverse ecosystem to develop green projects, targeting the buyer segment.
Masteri Center Point with 10 towers designed according to international standards, more than 70% of the landscape area is designed by Land Scupltor (Thailand).
Currently, many investors see District 9 as a golden land to build large-scale projects, including Masteri Center Point of longtime developer Masterise Homes.
According to this developer, Masteri Center Point with 10 towers designed by world-renowned units, with international quality, promises to bring a new living experience to high-end residents in the area.