Thủ Thiêm real estate market expected to double in the coming years

In the past 5 years, projects in Thủ Thiêm (part of Thủ Đức City) have experienced price growth ranging from 50% to 220%, making Thủ Thiêm one of the most expensive real estate areas in Ho Chi Minh City. With over 10,000 premium real estate products introduced, Thủ Thiêm has emerged as the new development center of the city.

Real estate prices continue to rise

With its prime location and great development potential, real estate prices in Thu Thiem are continuously evolving and reaching new heights. From 2019 to 2023, Thu Thiem led Ho Chi Minh City's real estate market in terms of price, attracting both domestic and international investors.

Image: Thủ Thiêm Urban Area Today

Exceptional growth in townhouses and shophouse

Among the real estate products, townhouses, shophouses, and villas in Thủ Thiêm have shown the most significant growth. For instance, on Nguyễn Cơ Thạch Street, shophouses have increased in price from VND 30-40 billion to VND 150-200 billion per unit, representing a remarkable growth of over 240%. Apartments in this area have also doubled in price compared to the initial phase.

Image: Shophouses at The Opera Residence for rent from USD 20-40/m2

Development potential of Thu Thiem Urban Area

Ho Chi Minh City's total area is approximately 206,100 hectares, but the old central area occupies only 930 hectares, while Thủ Thiêm is planned to be the new extended central area with an area of 730 hectares. The new central area is rapidly taking shape in Thủ Thiêm, creating a significant wave in the real estate market of District 2.

Over the past 24 years, Thủ Thiêm Peninsula has transformed from a desolate and peaceful land into a vibrant and prosperous area. The extensive development of transportation infrastructure and real estate projects has made this area bustling and thriving. Notably, its "late start" compared to the bustling area on the other side of the Saigon River has become a strategic advantage, allowing Thủ Thiêm to be comprehensively and methodically planned from the early stages of the project.

Image: Thủ Thiêm Then and Now

Read more: The journey of Thu Thiem from vision to reality

Logical urban planning and infrastructure development

Recognizing issues affecting quality of life, such as overpopulation, traffic congestion, and aesthetic degradation of many urban areas, Thủ Thiêm has been carefully and methodically planned. Notably, 42% of the area is dedicated to the ecosystem and water surface, 34% to residential areas, commercial centers, and administrative centers, and 24% to transportation infrastructure.

Seizing opportunities at the right time, Thủ Thiêm has quickly implemented a series of key infrastructure projects, facilitating convenient connections with District 1. With an investment capital of tens of thousands of billions of VND, major projects such as Thủ Thiêm 1 Bridge, Thủ Thiêm Tunnel under the Saigon River, and Thủ Thiêm 2 Bridge (Ba Son Bridge) were completed and put into operation in 2007, 2011, and 2022.

Image: Thủ Thiêm Bridge 2 (Ba Son Bridge) over the Saigon River

These transportation infrastructure projects play a crucial role in thoroughly resolving connectivity issues with District 1, creating opportunities for Thủ Thiêm Urban Area to inherit Ho Chi Minh City's economic dynamism.

Large infrastructure projects continue to be implemented

Ho Chi Minh City has also approved policies allowing Thủ Thiêm New Urban Area to continue implementing technical infrastructure investment projects. Specifically, projects such as the completion of the North-South road (Nguyễn Cơ Thạch Road within the urban area), upgrading Lương Định Của Road, expanding and upgrading four main roads (R1, R2, R3, R4) in Thủ Thiêm, and the Central Square and riverside park project are planned to be implemented in 2024 and 2025. Among them, Thủ Thiêm Bridges 3 and 4, and Thủ Thiêm Pedestrian Bridge (Thủ Thiêm Bridge 5), are expected to bring significant benefits, particularly by shortening the distance between Thủ Thiêm and areas such as District 1, District 4, and District 7.

Read more: The 3rd largest park in Ho Chi Minh City will be invested with 6.4 trillion VND for its construction.

Image: Infrastructure Projects Expected to Be Completed in the Coming Years

Overall, the main reason for the continuous increase in Thủ Thiêm real estate prices in recent years is the unique and prime location of this area. Additionally, the apartments in Thủ Thiêm are usually in the high-end and luxury segments, with superior standards compared to most of the market. Amid a saturated real estate supply, this scarcity has contributed to the continuous rise in housing prices in Thủ Thiêm.

Read more: Information about the Thủ Thiêm Pedestrian Bridge - The bridge crossing the Saigon River

Thủ Thiêm real estate market attracts top investors

Thủ Thiêm has now become a highlight on the real estate market "map," attracting the attention of many leading real estate developers thanks to its synchronized infrastructure development and strategic location. Moreover, experts unanimously agree that Thủ Thiêm's position, surrounded by the Saigon River, has provided favorable conditions for this area to absorb good airflow and enjoy cool natural air. All these factors make Thủ Thiêm an ideal location for high-end and luxurious real estate projects.

Image: Thủ Thiêm's Position Surrounded by the Saigon River

In the next 5-10 years, when the infrastructure is fully completed, the development speed of Thủ Thiêm Urban Area is expected to be many times faster. Upcoming projects here will not only focus on housing but also expand into other diverse real estate types such as Grade A offices (approximately 389,000 m2 of floor space), commercial centers (137,800 m2), 5-star hotels, etc. All have been calculated and are included in the urban area's development plan.

Image: High-end apartment projects in Thủ Thiêm attract investors.

Facing the strong attraction and potential of Thủ Thiêm financial center in the future, along with the increasing scarcity of land resources, high-end apartments here have become "magnets" for experienced investors and the elite, looking for an ideal place to live. With a prime location and unique intrinsic values, Thủ Thiêm real estate always attracts interest and high appreciation from investors, thanks to its strong development potential, which is expected to become a highlight in the investment market in the near future.

Achieve Realty VN is currently distributing premium real estate projects in the new Thủ Thiêm Urban Area. For more detailed information about the projects, please contact:

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