21/05/2025
The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) recently announced the acquisition of 9 land plots in the Thủ Thiêm New Urban Area, one of the most rapidly developing areas in Ho Chi Minh City. These plots have a total area of up to 9.6 hectares and are part of the land bank for payment under the Build-Transfer (BT) contract from the infrastructure development project for the northern residential area and the completion of the North-South axis road in Thủ Thiêm. Notably, the land prices for these plots will be based on the prices from April 2015, allowing CII to benefit from a significantly lower price compared to the current market value.
According to CII's announcement, Decree No. 91/2025/ND-CP, issued by the government on April 24, 2025, officially stipulates the time for determining land prices for plots of land paid for under the BT contract in Thủ Thiêm. This marks a significant turning point in completing the legal procedures for CII to develop real estate projects in the area. The land price applied will be from 10 years ago, creating a great opportunity for CII to capitalize on the profit potential of these plots.
The infrastructure development project for the northern residential area and the completion of the North-South axis road, part of the BT project that CII is implementing, has a total value of approximately 2,641 billion VND. The land plots received under this BT contract not only help CII fulfill its financial obligations but also open up a significant opportunity for the company to continue implementing real estate projects in the Thủ Thiêm urban area. Currently, CII still has 5 plots of land yet to be developed, presenting opportunities for the company to continue expanding and developing high-end projects, ensuring stable profits in the future. The company has already invested in 3 plots of land, with 1 plot reaching nearly 90% of its progress, while the remaining 5 plots are awaiting development. Specifically, CII has completed projects on 3 plots of land (plot numbers 3-1, 3-15, 4-7) with a total area of over 35,952 m2, including the Lakeview 1, Lakeview 2, and The River Thủ Thiêm projects. For plot 3-2, which is nearly 9,474 m2, the company has invested 90%, and the project is known by the trade name D’Verano. The undeveloped plots include Lakeview 4 (plot 4-8), D’Vernal (plot 3-6), Riverfront Residence (plot 3-13), The River 2 (plot 3-16), and a commercial project on plot 1-18. Recently, at the 2025 Annual General Meeting, CII set a target to achieve total revenue of 3,888 billion VND, a 10% decrease compared to the previous year, and a projected after-tax profit of 335 billion VND, a 37% decrease.
Thủ Thiêm, located on the eastern side of Ho Chi Minh City, is rapidly becoming one of the city’s most promising development areas. Spanning over 657 hectares, it is planned to become a new financial hub, attracting significant interest from both local and international investors. The area benefits from major infrastructure projects such as metro lines, Thủ Thiêm Bridges 1, 2, 3, and 4, and expressways that directly connect it to other key parts of the city and surrounding provinces.
One of the main factors driving the interest in Thủ Thiêm is its transformation into a global financial and commercial center. The government of Ho Chi Minh City has implemented strong infrastructure policies focused on developing modern transport networks that will tightly integrate the area with the city center and other surrounding regions. Moreover, real estate development in Thủ Thiêm is considered highly profitable, thanks to its prime location and the favorable economic development environment.
As infrastructure continues to improve, the area is set to become one of the largest economic centers in Ho Chi Minh City. Real estate projects in Thủ Thiêm present golden opportunities for investors seeking long-term profits. As key infrastructure projects like Metro Line 1, Thủ Thiêm Bridges, and expressways are completed, property values in the area will continue to rise. Investors can capitalize on the long-term growth potential of the area, especially as Thủ Thiêm is developed into a major financial and commercial hub.
CII’s project in Thủ Thiêm is not unique. In recent years, many other investors have begun to pay attention to the area’s development potential, particularly in the context of improving transportation infrastructure. Land prices in Thủ Thiêm remain relatively attractive compared to other parts of Ho Chi Minh City, presenting a great opportunity for investors to develop real estate projects in this area.
One of the standout projects in Thủ Thiêm that has already achieved significant success is Empire City, developed by Keppel Land. Located along the Saigon River in Thủ Thiêm, Empire City spans 14 hectares and is a mixed-use development comprising luxury apartments, offices, and a shopping center. The project has garnered much attention from investors both locally and internationally due to its prime location and strong connectivity through the Thủ Thiêm Bridge and Metro Line 1. Since its launch, the value of real estate at Empire City has seen strong growth, and the surrounding area has also seen the development of other high-end projects.
Another notable project is The Metropole Thủ Thiêm, developed by Sơn Kim Land from 2018 and completed in 2021. This luxury mixed-use development includes apartments, shophouses, and offices for rent, and stands out as a key feature in the Thủ Thiêm area with premium amenities such as an infinity pool, gym, yoga studio, and modern shopping areas. The Metropole Thủ Thiêm is strategically located in an area with completed transportation infrastructure, providing easy access to central Ho Chi Minh City and surrounding areas. As a result, this project has attracted significant investor interest and has seen high growth in value since its completion.
In addition to luxury mixed-use developments, Thủ Thiêm also boasts large commercial and office projects in Function Zone 1, further proving the area’s strong growth potential. As Thủ Thiêm is developed into a new financial hub for Ho Chi Minh City, these projects will continue to play a crucial role in providing modern workspaces and connecting with other commercial areas in the city.
While land prices in Thủ Thiêm are still relatively affordable compared to other parts of Ho Chi Minh City, the growth potential for the area is immense. The completion of key infrastructure projects, such as metro lines, Thủ Thiêm Bridges, and expressways, will enhance connectivity between Thủ Thiêm and surrounding areas, particularly District 1 and District 7. This development creates an ideal environment for real estate investors. As projects like Metro Line 1 and the bridges are completed, land values in Thủ Thiêm are expected to increase significantly, further driving up property values in the area.
The investment opportunities in Thủ Thiêm today are not just limited to successful ongoing projects but also open up enormous potential for the future as the area continues to develop with world-class projects. Savvy investors can take advantage of the current attractive land prices to develop real estate projects, especially as Ho Chi Minh City aims to position itself as one of Southeast Asia's major financial and commercial hubs. Thủ Thiêm’s planned development into a modern, fully-equipped urban area with seamless transportation connections will be a key factor for investors looking to leverage long-term returns.
As the Thủ Thiêm urban area is completed, it will become an ideal place to live and work, offering modern living environments with premium amenities. The real estate projects in Thủ Thiêm will cater to the demand for luxurious living spaces while providing amenities for work, education, and leisure. This will not only benefit investors but also improve the quality of life for residents in the area.
With the ongoing development of infrastructure, real estate projects in Thủ Thiêm will be an excellent choice for investors looking for stable, long-term profits. This is a golden opportunity to invest in the area while land prices remain attractive, and its growth potential is immense. As the infrastructure projects are completed, Thủ Thiêm will become one of the most dynamic areas in Ho Chi Minh City, with continuously increasing property values.
