Many new projects for investment opportunities in HCMC


Novaland has just surprised members of the market when the fence around the Kenton Node (Nha Be) project has been re-identified with the Novaland brand.

According to a reporter of Investment Newspaper, Kenton Node is invested by Tai Nguyen Construction Production Trading Co., Ltd., started in 2002, with the name Kenton Residence, located on the front of Nguyen Huu Tho street. The project has a total area of ​​9.1 hectares, with 3 subdivisions Plaza, Sky Villa and Residences.


At that time, the total investment capital for this project was 300 million USD, equivalent to 4,900 billion VND, expected to hand over the house in 2011. But in 2011, the project suddenly "rerun". By 2018, BIDV and MSB had injected an additional capital of VND 1,060 billion for the Resources Company to continue to deploy. Still, half a year later, the Kenton Node rendering once again remained motionless until now.


Another project that is also causing a stir in the local market in Ho Chi Minh City is Thai Binh Plaza Apartment located at 800 - Dong Van Cong (Thu Duc City, HCMC). Binh Duong Construction Stone Company Limited invests the project. This is a high-class apartment project, with an area of ​​​​14,000 m2, including 5 apartment blocks with 360 apartments.


Thai Binh Plaza has been in operation since 2010, but sales cannot be managed. The investor would like to convert the project function into Phuc An Khang General Hospital with a guard of 500 people. However, after operating for about 2 years, the hospital announced its closure.


After returning to the Hasco Group Joint Stock Company, the buildings of Phuc An Khang Hospital will be converted into an apartment company named Swiss Belresidences Upper East Saigon (another name is 360 Upper East Saigon Swiss). Belresidences), scheduled for completion in the third quarter of 2023.


In addition to the newly added supply from the born projects, many local businesses in Ho Chi Minh City also began to accelerate the progress to launch many new schools.


After successfully opening and selling all 166 Flora Mizuki MP9-MP10 apartments, Nam Long Group plans to launch the Flora Panorama apartment project in Binh Chanh district (HCMC) in the first quarter of 2022. The project has an apartment size of about 400, with an expected selling price of about VND 50 million/m2.


In addition, the enterprise also deployed a high-class apartment project in Akari City Urban Area Phase II in the West of Ho Chi Minh City, with a market of about 1,600 launched.


Similarly, Van Phuc Real Estate Group said it is proceeding quickly to launch 1,000 luxury apartments at the Van Phuc City Project by mid-2022.



Developing Urban at East of Ho Chi Minh City

 After the decision to establish the city, Thu Duc became a "hot spot" for investors thanks to its economic characteristics, notably the planning of the center of the knowledge economy, science, and technology. This is an important financial institution in Ho Chi Minh City East.


City. Thu Duc is currently keeping most of the elements to become an "urban area" in the East of Ho Chi Minh City.  This place is adjacent to satellite towns such as Di An City, Thuan An City, Thu Dau Mot City. In addition, Thu Duc City uses an essential position in the triangle area between the HCM - Ba Ria - Vung Tau and Dong Nai, is the trade gateway in the Southeast region in particular and the whole South in general.


Notably, the National University urban area in Thu Duc every year welcomes students, experts, and lecturers to settle down in turn. This is a source of high-quality human resources with the function of helping the city. Thu Duc quickly developed under the direction of the Government. By constant year, TP. Thu Duc currently contributes 1/3 of HCMC's GRDP (gross domestic product), about 7% of the country's GDP. They are expected in the future TP. Thu Duc will have many great breakthroughs and become an "Urban Area" to strengthen and expand economic capacity for HCMC and the South region.


Breakthrough with "Super layer of connectivity."


In recent years, the interface in Ho Chi Minh City. Thu Duc has been completed an investment with "super connection infrastructure".

In the future, Metro line No. 1 Ben Thanh - Suoi Tien is likened to the backbone connecting the city. Ho Chi Minh City and Ho Chi Minh City. Thu Duc will go to activity. The elevated railway will shorten the maximum travel distance to reach the center of Ho Chi Minh City. The system information road has also been upgraded to file, typically expanding Nguyen Thi Dinh's roads to 70-77m, Nguyen Duy Trinh's road developing to 30m for 4 car lanes and 2 motorbike lanes to store information. , a long-distance connection between Lo Nu and Truong Luu. Some projects will be benefit with this new infrastructure as: Masteri Centre Point quan 9, Beverly Vinhomes Grand Park quan 9, Vinhomes Grand Park.

In 2022, Ho Chi Minh City will restart the 2.7 km section of Ring Road 2 after 2 years of suspending construction and balancing the budget. The route after completion does not connect to the city connection. Thu Duc, with the center of Ho Chi Minh City, also helps to connect the sea and online to download the inner city traffic, creating favorable conditions to attract and call for construction investment in the Thu Duc cityin the future.

At the same time, Ring Road 3 is also in the phase of legal preparation and construction initiation, expected to be completed in 2025. Special, near this high-speed My Phuoc -Tan Van - the arterial route linking industrial clusters and seaports, which is part of the 3rd belt - has just been opened to the whole route in May 2021. Since 2017, Thu Duc has also had a waterway bus route from Bach Dang wharf to Linh Dong wharf. These are essential factors that add to the completion of transport infrastructure and make Thu Duc a technological and economic stronghold of HCMC and the whole country.

Benefiting from modern, synchronous infrastructure that went into operation soon, on the one hand, it contributed to improving the quality of life of residents. On the other hand, also added value to the real estate market in Ho Chi Minh City. Thu Duc. According to market statistics, prices in neighboring provinces such as HCMC. Thu Dau Mot has fluctuated 35-40 million/m2. Thu Duc's average level ranges from 70 to more than 200 million/m2, is expected to continue to increase in the next few years.

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