Ho Chi Minh City, with its position as the economic-financial center of Vietnam, is also the city with the most population and density in the country, with a population of about 9 million people, a construction density of 4,300 people/km2. According to the general planning orientation of Ho Chi Minh City, by 2060, the city's population will reach about 16 million people, becoming a financial service center of the Asia-Pacific region.
Ho Chi Minh City and the needs to be solved
According to Ms. Ho Thi Anh Linh - planning architect Surbana Jurong Company - Singapore, with the development and orientation for the future of the city as above, it can be seen that the current technical and social infrastructure system can be seen. not sufficient. The planning of inner city areas should be embellished in the direction of adding public utilities such as green parks, schools, amusement parks, etc. to best serve the people.
“It should be remembered that the current central planning of Ho Chi Minh City is derived from the urban planning of 500,000 people during the French colonial period. The existing technical infrastructure system of the central area is planned to serve this population. Later, the central area was expanded, the surrounding districts also developed, but there was no methodical planning, so there was a shortage of public utilities, "said the expert.
An example that the existing downtown area of Ho Chi Minh City is overloaded is the Nguyen Hue pedestrian street area. The 670m long, 64m wide street in the center of District 1 gathers many ancient architectural works that are considered as symbols of Saigon such as the headquarters of the People's Committee of Ho Chi Minh City, Grade A office buildings, and 5-6 star hotels. .
Nguyen Hue Walking Street
The street was upgraded from September 2014 and put into operation on April 29, 2015, with an investment of nearly 430 billion VND. At the time of its birth, Nguyen Hue pedestrian street was advertised to have a capacity of about 5,000-6,000 people. But in fact, this street attracts thousands of residents and tourists to visit and experience on holidays and Tet. In just 9 days of the Lunar New Year holiday in 2022, Nguyen Hue flower street welcomes about 350,000 visitors. Many times, the neighborhood is "weighed" with people, some neighboring roads are congested, shops and shops are always overloaded, lack of parking space, parking ...
An expert from the Ho Chi Minh City Urban Planning and Development Association once shared that in the process of development, cities with such intense vitality as Ho Chi Minh City will expand, and there is no way to stop that. According to this expert, Ho Chi Minh City has been determined to plan the city in the direction of multipolarity and decentralization since 2014 to share less inside, welcome outside people in, and start forming functional areas. power.
At the end of 2020, in order to concretize orientations and strategies to turn Ho Chi Minh City into a financial service center of the Asia Pacific region, the city established Thu Duc City, expanding the development of the city. Ho Chi Minh City to the East. Planning experts consider this an effective solution to reduce development pressure for the existing downtown area of the city. Thu Duc City is also the first "city within a city" in Vietnam, owning a hyper-connected infrastructure, which is an important driving force in promoting the real estate market.
An Phu intersection, Thu Duc city
Among the businesses holding large land bank in this market, Masterise Homes shows its ambition to create a second "center" of Ho Chi Minh City, with a mega-urban project. The Global City in An Phu ward.
Locating the "new center" of the city
The project is located on a total area of 117.4 hectares, with a roadmap to complete the entire project within 4 years. The project developer expects that, when completed, The Global City will bring the same attraction and bustle as Nguyen Hue - Le Loi streets, with methodical planning, international standard design and advanced modern technology. progress of the global city.
Masterise Homes' vision when developing The Global City is to create a "miracle" similar to Singapore's Marina Bay. With a waterfront location (adjacent to Rach Chiec river), the developer plans to add an artificial canal system with a total length of up to 2km named Love Bay, integrating a large-scale water music area.
Surrounding the bay area is an open green park that attracts visitors. According to a representative of Masterise Homes, the landscape and public utilities of this project are being accelerated to be completed in the first quarter of 2023. World-renowned real estate development partners that will participate in the project include Tung Feng Construction Engineering, Artelia Project Manager, Quimera Energy Efficiency Consultants, WATG Landscape Design and Foster Architectural Consultants. + Partners. Ensuring security, coordinating traffic and managing urban space is a series of modern technologies such as artificial intelligence (AI) and the Internet of Things. The project also integrates infrastructure to meet the needs of electric vehicles, with charging points in the basement and light poles on main roads.
According to Savills, the sales of The Global City recorded a good absorption rate because the area is positioned to become the new center of Ho Chi Minh City.
“The Global City will become a new place gradually replacing Nguyen Hue Street, where people will no longer be crowded to watch fireworks, the streets are congested, and the shops are overloaded. In addition, the infrastructure of Thu Duc area is gradually improving, we have a basis to believe that this mega-urban will become a more complete new central area, solving the limitations that the central area has not yet fully developed. is being encountered", the Masterise Homes representative expected.
LISTENING THE EXPECTATIONS OF VIETNAM AND TRAVELERS ABOUT A NEW CITY CENTER
Find out more about The Global City urban area through: https://theglobal.vn/
The Real Estate market welcomes a new supply source with projects by Masterise Homes starting from mid-2023
Expanding the An Phu - Belt Road 2 Expressway section, adjacent to The Global City in Ho Chi Minh City