A series of traffic infrastructure projects have been accelerated construction, contributing to completing the connection of the East Saigon area and creating leverage for the real estate market in this area.
A series of key projects accelerate to the finish line
Located at the eastern gateway of the city, connecting the triangle area of Ho Chi Minh City - Binh Duong - Dong Nai, the East Saigon area is one of four satellite urban areas, possessing a strategic position in economic development. economy of the city.
According to Ho Chi Minh City Department of Transport, in the coming time, 29 key projects of the city will continue to accelerate investment and construction progress, especially highway and gateway projects. Many projects will be handed over for construction again, including Tang Long Bridge, Ong Nhieu Bridge, Nam Ly Bridge, Ong Bon Bridge, and Luong Dinh Cua Street (Thu Duc City).
A corner of Thu Duc city, the section of the Long Thanh - Dau Giay highway
Typically among them are a series of key projects that have been implemented in the East such as the expansion project of Hanoi Highway, Mai Chi Tho Boulevard, My Thuy 3-storey tunnel, phase 1 of Long Thanh airport. … will contribute to promoting the transport infrastructure of Ho Chi Minh City.
In addition, the intersections of An Phu to Ring 2 are being invested quite heavily to synchronously connect with many other roads here. Planning to expand many urban roads is also promoted, such as expanding Do Xuan Hop, La Xuan Oai, Lo Lu and Nguyen Duy Trinh streets to 30m, or Lien Phuong street connecting District 2 and District 9 in the old regulation. The model of 6 traffic lanes is now 80% completed, which is expected to help improve regional infrastructure connectivity.
Metro Line 1 (Ben Thanh - Suoi Tien) is about to be completed and successfully tested at the end of August before its official operation in 2023, also helping Thu Duc city's transport system to diversify types of transport. make it easier for people to travel.
Song Hanh Street - one of the key projects of the East area is speeding up construction
According to experts, besides projects such as Saigon 2 Bridge, Thu Thiem Tunnel, Mai Chi Tho Boulevard, Long Thanh - Dau Giay Expressway, which have been completed, Ring Road 3 is being accelerated construction as well. creating a boost for the economy and real estate in the East of the city. This route has an investment capital of more than 75,000 billion VND, with a total length of more than 76 km, passing through the provinces of Dong Nai, Binh Duong, Ho Chi Minh City and Long An, helping real estate projects run along the ownership belt. advantage of connectivity in the Southeast region. In particular, the plan to build An Phu intersection with a total investment of VND 3,296 billion, is expected to promote rapid economic development for the region, Thu Duc City - Ho Chi Minh City and neighboring provinces after completion. close.
The above works are expected to have a strong impact on the real estate market in the East, making this area more vibrant in the coming time.
Great attraction from the real estate market of Thu Duc City
Analysts, currently, the trend of people is gradually moving to satellite urban areas. Especially, the eastern area of Ho Chi Minh City is increasingly attracting investors and buyers to stay thanks to its well-connected infrastructure, well-invested in all types of products, especially low-rise townhouses. Traffic plans also promise to create a driving force for this area and increase the value of real estate projects.
Therefore, many large investors have been implementing large-scale projects in the East Saigon area such as The Global City Thu Duc, Senturia An Phu, Lakeview, Classia, Palm Marina or already in operation as Palm City, Mega Residence…
These regional projects all have the advantages of central location, dense existing population, complete infrastructure and well-planned development. For example, The Global City An Phu adjacent to the Ho Chi Minh City - Long Thanh - Dau Giay highway and adjacent to Mai Chi Tho Boulevard is attracting the attention of investors and customers with real needs. This project has a contemporary architecture, emphasizing the green area with a park of tens of hectares, the design emphasizes the connection with nature as well as creating a spacious view of the outside campus.
High-end projects like The Global City An Phu are well planned and focus on architectural design and internal landscape.
In addition, thanks to being located on important traffic axes of Thu Duc City, residents of these projects can easily connect to the external utility system, including commercial centers, international schools, hospital, Thu Thiem new urban area as well as convenient to move to the center of District 1 and the northern provinces, the Central Highlands and the Southeast.
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