The Global City: 'East Zone will lead Ho Chi Minh City real estate in 2022'

The Global City – The infrastructure factor will boost the real estate market in the East Saigon area such as Thu Duc, Long Thanh, and Nhon Trach cities, according to The Global City.

 

DKRA's market report 2021 said that in the context of increasingly limited land fund in the center of Ho Chi Minh City, the main supply in the segment of land plots, apartments or low-rise buildings will be concentrated in Thu Duc City and some areas. border provinces such as Dong Nai, Binh Duong, Long An, Ba Ria - Vung Tau. Especially, the two provinces of Long An and Dong Nai account for about 68% of the supply of land plot projects in the whole market.

DKRA forecasts that new supply may increase compared to 2021, focusing on the East and satellite cities in Dong Nai, Binh Duong, Ba Ria - Vung Tau, and Long An. In addition, the primary price level of real estate projects may also increase sharply in 2022.

 

What specific mechanism for Thu Duc city to develop?

 

Real estate market in Thu Duc City, along Hanoi Highway

Over the past time, many urban areas in the East of Saigon have become attractive destinations for real estate investors thanks to the ability to link the area to perfection, infrastructure and transport systems are all heavily invested. Typically, Thu Duc City, Long Thanh and Nhon Trach districts are vibrant areas for real estate transactions thanks to a series of key projects such as Long Thanh International Airport phase one starting in early 2021, highway Bien Hoa - Vung Tau, Ho Chi Minh City - Long Thanh - Dau Giay expressway expansion project started in 2022 ... creating the effect of welcoming a large investment wave for the Southeast region.

Commenting on this trend, Mr. Dinh Minh Tuan, director of the Batdongsan channel in Ho Chi Minh City, admitted that the central area is increasingly scarce in land funds, and the selling price has increased, so major cities in the East and neighboring provinces will become an attractive destination for buyers. This is also an area where many large corporations flock to develop projects. Mr. Tuan forecasted that the trend of shifting real estate investment to the East area and suburban satellite towns to catch the wave of population expansion will continue to increase sharply.

The Global City also believes that infrastructure is a key factor creating the attraction for real estate in this area. According to him, the East Saigon area is receiving great opportunities when continuously receiving investment capital for infrastructure.

“The key transport network along with the increased regional connectivity have made the East Saigon area a destination for investors. Many real estate investors have come here and implemented the construction of projects in many segments," said The Global City.

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