The supply of apartments at the end of the year is concentrated in Thu Duc city, Ho Chi Minh City

Thu Duc City is evaluated by experts as having great development potential when possessing the most modern and diversified infrastructure in Ho Chi Minh City and the whole country. In which, in addition to Thu Thiem, the Cat Lai area (formerly District 2) is becoming the focus of investors.

The supply of apartments at the end of the year is concentrated in Thu Duc city, Ho Chi Minh City

Recently, the People's Committee of Ho Chi Minh City has issued a decision on approving the outline of tasks and the total estimate of the general planning project of Thu Duc city to 2040. Accordingly, the planning scope of 1/10,000 is the entire Thu Duc city, the planning scale is about 21,156ha.

Currently, Thu Duc City has the highest urbanization rate in the country - over 83%.

That is thanks to the geopolitical position it holds. Specifically, Thu Duc City is the economic gateway to the Southeast; the center of the economic triangle axis Dong Nai - Ba Ria Vung Tau - Ho Chi Minh City, adjacent to Binh Duong - the logistics capital. This position not only shows an important role in terms of regional connectivity of Thu Duc City but also strategic in terms of national economic development.

The general planning project of Thu Duc City in Ho Chi Minh City up to 2040 has the objective to propose a development orientation in accordance with the structure, development orientation of space and the area of Ho Chi Minh City; meet the goal of becoming one of the important centers of knowledge economy, science, technology, and finance of Ho Chi Minh City and the country.

Meeting new requirements in the city's socio-economic development strategy; create feasible conditions for the synchronous implementation of solutions to solve current urban development problems such as population, housing, infrastructure, traffic, environment, adaptation to climate change in the world. digital infrastructure development and transformation. In particular, the most important focus issue is to set aside a fairly large area of land for the development of the regional transport network.

First of all, the arterial roads that play a major role in inner-city circulation are being planned to be expanded and modernly upgraded by the city. Typically, the ring road 2 has restarted the 2.7km section. This is the arterial axis to help separate the flow and reduce the pressure of inner city traffic. When closed, Ring 2 also helps connect seaports and other important traffic routes such as Hanoi highway, Pham Van Dong highway, Ho Chi Minh City - Long Thanh - Dau Giay highway, national highways 1, 13...

The supply of apartments at the end of the year is concentrated in Thu Duc city, Ho Chi Minh City

Nhon Trach Bridge belongs to Ring Road 3, about 5km from the expected location of Cat Lai Bridge (Source: My Thuan Bridge Project Management Board)

The planned Ring Road 3 is 6-8 lanes wide, about 89.3km long, connecting Ho Chi Minh City, Thu Duc City and neighboring provinces of Binh Duong, Dong Nai, and Long An. Nhon Trach Bridge connecting Ho Chi Minh City through Dong Nai, belonging to Ring Road 3, about 5km from the expected location of Cat Lai Bridge, has just been signed a construction contract with a cost of more than 1,800 billion VND, expected to start construction in mid-2023. This is considered a strategic traffic axis, creating an urban and industrial corridor for the whole southern key economic region.

A series of traffic systems such as Nguyen Duy Trinh and Nguyen Thi Dinh roads, the road connecting Cat Lai port with the ring road 2 will continue to be upgraded and expanded from now until 2025. In 2023, Ho Chi Minh City Ho Chi Minh City has determined to start the project of underpasses - 3-storey overpasses at the intersection of Mai Chi Tho and Nguyen Duy Trinh; started construction of Cat Lai bridge connecting Cat Lai urban area with Nhon Trach district of Dong Nai province; and build 4 6-lane roads in and out of Cat Lai port area.

In particular, the Ho Chi Minh City - Long Thanh - Dau Giay expressway through the east of Thu Duc City is expected to open 10-12 lanes, playing a key role in the traffic connection infrastructure system. This is the lifeline connecting Thu Duc City with Ho Chi Minh City and key economic and tourist areas of Vung Tau, Nha Trang, Phan Thiet, etc. In addition, the seaport and river connections from the city. Thu Duc to the districts of Ho Chi Minh City thanks to the waterway connecting the Dong Nai River and the Saigon River connecting the District 9 (old) area with the Southeast economic region, which is also developing vibrantly and crowdedly.

The supply of apartments at the end of the year is concentrated in Thu Duc city, Ho Chi Minh City

Construction of Cat Lai bridge will solve the problem of traffic congestion at Cat Lai ferry and the eastern gateway area of Ho Chi Minh City.

With a strategic location and receiving the push of infrastructure, Thu Duc City is becoming a destination, promoting the trend of cash flow to invest in real estate projects in some areas not too far from the city center. Ho Chi Minh City and located on convenient traffic connection points.

From an average of about 38-40 million VND/m2, the price of apartments in Thu Duc City is currently about 85 - 90 million VND/m2, luxury apartments are located in Cat Lai and adjacent to Thu Thiem (District 2 before). here) has a price of 60-70 million VND/m2. In particular, a few new apartments for sale in the area along Mai Chi Tho, Nguyen Thi Dinh or Kim Cuong island have a price of approximately more than 125 million VND/m2. This is an unprecedented price in this area.

A new project launching in this region is Lumiere Boulevard by Masterise Homes. Located in Vinhomes Grand Park urban area, Lumiere Boulevard consists of 5 blocks with 25-35 floors high with nearly 2500 apartments, Duplex, Penthouse and Shophouse, developed according to the model of commercial, office and luxury apartment complex. . Currently, the project is being made by Thuan Hung as a marketing and distribution agent with a price of only VND 50 million/m2, paying 25% until receiving notice of apartment handover. This is a "comfortable" price compared to the general price of apartments in Thu Duc.

Perspective of Lumiere Boulevard

Open sale Lumiere Boulevard – Vinhomes Grand Park- Good price within reach on June 26, 2022

According to a recent report by Batdongsan.com.vn, in the first quarter of 2022, low supply is causing apartment prices in Ho Chi Minh City to continue to increase in most segments, from affordable to mid-end. , high-end, super-luxury with prices increased from 3-5%. In particular, most of the demand for apartments in Ho Chi Minh City is concentrated in the East of Thu Duc City, the most searched price range is still around 65-80 million/m2. Thu Duc City is also the area with the most projects about to be offered for sale in the last quarters of 2022.

According to Mr. Le Hoang Chau - Chairman of Ho Chi Minh City Real Estate Association (Horea), according to the plan, Ho Chi Minh City is expected to attract 50,000 residents to live and work in the urban areas of Cat Lai and Thu. Thiem, including about 20,000 engineers and experts. Therefore, housing demand in the period from now to 2025 will be quite high, putting great pressure on the ability of development to meet this demand.

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