Viproperty

Update: Apartment purchase price in Ho Chi Minh market (East - South area)

The real estate market in the East and the South of Ho Chi Minh City has received great attention from investors as the two areas here are continuously oriented towards infrastructure development. In addition, the trend of moving away from the city center is more and more supported by real estate buyers because the land fund in the central area is getting less and less, besides, choosing a fresh, satisfying living environment is also very important. Meeting all the essential operational needs when living and working in areas far from the city center is also a top priority when choosing to buy apartment real estate.

A closer look at the apartment real estate market in the South of Ho Chi Minh City

When it comes to the real estate market in the South of Ho Chi Minh City in general and District 7 in particular, people will immediately think of a vibrant apartment real estate of projects, residential areas, and complexes is designed and planned in a beautiful, modern, synchronous and professional manner, which the pioneer Phu My Hung has developed for 20 years.

Despite the increase in prices, real estate in the South is still chosen by many customers when it has a fairly complete transportation system, convenient connections to the city center as well as other areas. The utility system of the South area is also extremely rich and diverse, from high-class commercial centers, international hospitals, international schools to large-scale amusement parks... Especially, the premises of apartment real estate in the South are still attractive compared to other newly developed areas.

From the beginning of 2022, many businesses have begun to launch products to the South apartment real estate market to welcome the wave of infrastructure when this area is about to receive a series of "terrible" projects such as Ben Luc - Long Thanh highway, Thu Thiem 3 bridge, Thu Thiem 4 bridge, Kenh Te 2 bridge, Can Gio bridge, Ring 2, Ring 3, etc.

As land funds in the downtown districts are increasingly scarce, investors are forced to seek and develop on new platforms. In the eyes of strategic investors, the apartment real estate market of South of Ho Chi Minh City meets all the elements of a "promised land": the land fund is still relatively large, the infrastructure is invested on a large scale, Ideal ecological conditions with many green patches and a dense system of canals, etc.

There are many apartment projects interspersed in residential areas, the living environment is not too separate, the daily living costs are much more economical, which is also a factor that helps the apartment real estate market in the South of Ho Chi Minh City become a destination of many investors.

The modern and dynamic "one step down the street" lifestyle is realized by the investor through the arrangement of a chain of utilities from food, entertainment, relaxation, shopping to shorten travel time, prolong the enjoyment time for residents in the southern region.

The annual growth rate of apartments in the South of Ho Chi Minh City continuously sets new price levels, ranging from 10 to 30%. Accordingly, projects of the South area with river view are a great advantage at this time, the investment value will be high over time.

A closer look at apartment real estate market in the East of Ho Chi Minh City

According to experts, an important driving force promoting the development of the real estate market in the East is the information about the "city within the city" planning, which is a strong acceleration in infrastructure in the past few years.

The apartment real estate market in the East of Ho Chi Minh city is oriented to develop strongly, a series of key projects are built and implemented such as Thu Thiem Bridge, Vo Van Kiet Avenue, Saigon 2 Bridge, Thu Thiem Tunnel...

In addition, extremely important key traffic routes such as Hanoi Highway, Phu My Bridge, Long Thanh - Dau Giay Expressway, Song Hanh Street, Ring 2. At the same time, the city also upgraded and repaired and widened roads such as Do Xuan Hop or Nguyen Duy Trinh. In addition, metro line 1 (Ben Thanh - Suoi Tien) operates to help the district connect quickly with the central area.

In addition to the mark of the convenience of owning an apartment in the East of Ho Chi Minh City, this place is also an area that attracts a large number of high-quality domestic and foreign labor resources. This promises to bring about a very high demand for apartments when compared to other areas of Ho Chi Minh City.

From the above factors, the real estate market here attracts many large projects, housing prices are constantly increasing and continuously setting new "peaks". Up to now, real estate prices in the East area recorded an increase in land prices by 150-200%, even in some locations up to 250%, while high-class apartments also increased quite strongly by nearly 100% because this place has the strongest traffic investment in more than 4 years.

Below, VIProperty would like to update the primary - secondary selling price list of projects in the East and South of Ho Chi Minh City:

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