HCMC: District 2 (old) is vibrant in many segments and types of real estate in the city. Thu Duc
Before being merged, becoming a part of Thu Duc city, District 2 of Ho Chi Minh City was one of the focal points of the East area real estate market. This is a vibrant market in many segments and types
General Information about District 2 Ho Chi Minh City
District 2 of Ho Chi Minh City is located in the East of the city. In 1997, on the basis of the old Thu Duc district, District 2, District 9 and Thu Duc District were established. However, about 20 years later, District 2 merged with Thu Duc and District 9, forming Thu Duc city in Ho Chi Minh City.
Geographical location of District 2, Ho Chi Minh City
District 2 of Ho Chi Minh City has the advantage of being adjacent to a number of central districts and a number of satellite provinces bordering Ho Chi Minh City as follows:
- East of District 2 borders District 9
- The West borders Binh Thanh District, District 1 and District 4
- The South borders District 7 and Nhon Trach district, Dong Nai province
- The North borders Thu Duc District and District 9
District 2 of Ho Chi Minh City has an area of 49.79 square kilometers. Compared to the districts of Ho Chi Minh City, this area is not too small and not in the "top" largest.
According to the results of the 2019 population and housing census, the population of District 2 in Ho Chi Minh City is 171,311 people, the population density is 3,441 people/km2.
Considered as the gateway to the East, the transport infrastructure system in District 2 of Ho Chi Minh City is very focused on investment. In recent years, District 2 in particular and the East in general have been one of the key public investment destinations. The outstandingly developed transport infrastructure system is the basis for District 2 of Ho Chi Minh City to become one of the focal points of the real estate market.
Key traffic works include the bridge over Kim Cuong island, the An Phu intersection, the overpass at My Thuy intersection, the parallel road to the Ho Chi Minh City - Long Thanh - Dau Giay expressway, the bridge replacing the Cat ferry Driving, the Thu Thiem bridge system includes Thu Thiem 2 bridge, Thu Thiem 3 bridge, Thu Thiem 4 bridge. Inland traffic system in District 2 is very developed with major roads such as Vo Chi Cong, Nguyen Thi Dinh, Nguyen Duy Trinh, Dong Van Cong... The thriving traffic system in District 2 has an important meaning in reducing the congestion of the East area's infrastructure, promoting trade and inter-regional connectivity...
In terms of education, District 2 of Ho Chi Minh City is not home to many of the city's higher education institutions. However, a few universities in District 2 can be mentioned such as Ho Chi Minh City University of Culture, Saigon International University, Thu Thiem Vocational College... In addition, as well as many other districts of Ho Chi Minh City In Ho Chi Minh City, educational institutions at all levels have developed strongly and widely with a variety of public and private schools.
In terms of health, District 2 of Ho Chi Minh City is home to a number of major hospitals of the city such as District 2 Hospital, Post and Post General Hospital - Facility 2, Thao Dien International Hospital, National Hospital of Vietnam. American Health (AIH), District 2 Medical Center.
About the entertainment - entertainment spots in District 2 of Ho Chi Minh City: Due to its "young" age, District 2 does not have many historical tourist attractions, but this is where many fun spots are concentrated. vibrant, youthful, suitable for young people such as Sala Park in District 2, Thu Thiem Tunnel Park, Diamond Island amusement park, Vincom Mega Mall Thao Dien, Saigon Outcast, Thao Dien National Park Complex, Park Jump Arena trampoline…
Real Estate Market District 2 Ho Chi Minh City
In recent years, District 2 in particular and the East in general have been the hot spot of Ho Chi Minh City's real estate market. The expansion of the city named Uncle has brought the East from a suburban area to become the focus of the market with land fever. With the advantage of a large land fund, District 2 of Ho Chi Minh City formed a series of the largest urban areas in the city such as Thu Thiem new urban area, Lake View City urban area, Citi Bella urban area, etc. An Phu - An Khanh urban area, Cat Lai urban area, Thao Dien urban area...
Batdongsan.com.vn data shows that, by the end of September 2022, District 2 of Ho Chi Minh City currently has 154 real estate projects, among the top districts with the most real estate projects in the city. Thus, it is not difficult to realize that District 2 is gathering a variety of real estate types, in which the overwhelming majority are apartment projects and urban projects.
It is very difficult to find an apartment in District 2, Ho Chi Minh City, with a price of less than 2 billion VND/apartment. This is where many luxury and high-end apartment projects appear with expensive prices, up to hundreds of millions of VND per m2. Some names can be mentioned such as The River Thu Thiem project, the average price per m2 ranges from 140-200 million VND, there are beautiful apartments, the price is up to nearly 300 million VND/m2. Empire City Thu Thiem with an average selling price of about 120-150 million VND/m2, beautiful apartments in this project, the selling price is up to nearly 200 million VND/m2; The Metropole has an average price of 120-180 million VND/m2; Define - Capital Land selling price from 120-150 million VND/m2; Feliz En Vista with a selling price of 70-75 million VND/m2… Besides luxury and high-end projects, District 2 also has many projects priced from 35-55 million VND/m2 such as New City, Homyland Reverside , Thu Thiem Dragon, D'Lusso, La Astoria, Precia, Lexington Residence, ParcsPring, The Sun Avenue, Citi Esto...
According to Batdongsan.com.vn big data,
In the 3 years from 2017-2019, the asking price of apartments in District 2, Ho Chi Minh City recorded the highest growth rate among the 3 Eastern districts. If we take the average price of apartments on Thu Thiem peninsula in early 2017 as a reference point, within 3 years, the asking price of apartments here has increased nearly 2.5 times. Luxury projects, despite having a very high primary price of about 100 million VND/m2, the price increase in the last 2 years is quite strong. For example, the apartment project The River City in 2020 with the price from 100 million VND/m2, by the end of 2021, the price is 130 million VND/m2, an increase of 30%. The Metropole Thu Thiem apartment phase 3 opened for sale in 2020 with the price from 160 million/m2, this year has increased to 220 million/m2.
The villa market, adjacent to District 2 is also very active. The auction of 4 Thu Thiem gold land lots in December 2021 with the highest winning price of VND 2.4 billion/m2 pushed the land price of Thu Thiem to a new level. Currently, villas, shophouses, adjacent to District 2 of the projects are priced from 150 million VND/m2 or more with a total value of over tens of billion VND/unit. For example, The Classia Khang Dien sells for from 180 million VND/m2, An Phu - An Khanh villa from 220 million VND/m2, Lakeview City from 150 million VND/m2, Thao Dien villa from 170 million VND/m2, Thanh My Loi villa from 180 million VND/m2, villa and shophouse The Global City from 370 million VND/m2… Compared to 2020, the price of land-based real estate in District 2 has increased by 20-30% on average.
Not less than real estate, land in District 2, Ho Chi Minh City, has also set a very high price. In prime locations such as frontage of Luong Dinh Cua, Song Hanh, land in front of Diamond Island... the price can be up to 300-500 million VND/m2. Land on Nguyen Duy Trinh street, in 2019 around the price of 50-60 million VND/m2, is currently being offered for 80-90 million VND/m2, Nguyen Thi Dinh street land increased by 30% compared to last year, touching the price of 50 -60 million dong/m2, Le Van Thinh street land is for sale 62-68 million dong/m2, while last year the asking price was only 54-57 million dong/m2…
Real Estate Buying Experience in District 2, Ho Chi Minh City
In terms of investment, investors can buy real estate in areas near metro lines, ring road 2, ring 3 projects, Thu Thiem 3, 4 bridges, Cat Lai bridge... to catch the potential growth. prices when these works are completed.
Commercial townhouses with large street frontage attract customers, why are prices constantly increasing?