Development Trends in East Saigon | Achieve Realty VN

Real estate situation in Eastern Saigon in 2024

According to statistics from 2010-2020, Ho Chi Minh City has implemented 216 transportation infrastructure projects, with a total investment capital of up to 350 trillion VND, of which 70% of the projects are related to Eastern Saigon. Completed infrastructure projects such as the Thu Thiem Tunnel, Thu Thiem Bridge, and Ba Son Bridge have facilitated transportation and connectivity with neighboring areas. Projects like Thu Thiem Bridge 3 and 4, with a total investment capital of over 9,000 trillion VND, are scheduled to commence shortly, enhancing connectivity between District 1 and Eastern Saigon.

In addition, the completion of roads such as Beltway 2, Beltway 3, and Hanoi Highway, along with projects like Cát Lái Bridge, An Phu Intersection, and My Thuy, have played a crucial role in reducing traffic congestion and creating a convenient living environment for residents. Expectedly, in July 2024, the Ben Thanh - Suoi Tien Metro Line 1 will be put into operation, marking a significant milestone in Vietnam's infrastructure development.

According to statistical data reports, from 2018 to the present, more than 50% of infrastructure projects have been completed and put into use in District 2.

In the real estate sector, several prominent projects in the Eastern region of Ho Chi Minh City are attracting attention. Specifically:

• Thu Thiem Urban Area: Planned on a total area of ​​657 hectares, including 216 hectares (33%) for residential, commercial, and service development and 441 hectares (67%) for green spaces, water surfaces, and urban infrastructure. The Thu Thiem Urban Area is designed as a major center for economic, financial, cultural, and entertainment activities in the region and is internationally oriented. Some notable projects in this area include The River Thu Thiem (Refico), The Metropole (Son Kim Land), and Empire City (Keppel Land).

• The Global City Urban Area: The Global City project by Maáterie Homes has a scale of up to 112 hectares and is strategically located in Ho Chi Minh City. This is one of the city's newest and most diverse urban areas. Here, residents can choose from various high-end real estate types, such as apartments, villas, and shophouses, reflecting the community's diverse needs. In addition, this urban area is equipped with a range of premium amenities such as international hospitals, international schools, and grade-A commercial centers, serving not only residents but also benefiting residents of neighboring areas.
• Vinhomes Grand Park Urban Area: This is a complex project of Vingroup in District 9, aiming to develop diverse real estate types from residential to commercial. With a larger area of ​​over 271 hectares and more than 40,000 apartments, this project is the focal point of many notable real estate projects such as Masteri Centre Point, Lumiere Boulevard, Glory Heights, and The Manhattan low-rise area. Vinhomes Grand Park is an ideal living place and a center of diverse utilities such as international schools, international hospitals, and commercial areas.

What Makes the Eastern Saigon Area Attractive to Investors?

Abundant land fund

Expanding to suburban areas and upgrading infrastructure is becoming popular in the context of increasingly scarce and limited land supply in central regions. According to real estate research organizations reports, establishing Thu Duc City along with abundant land funds has helped Eastern Saigon maintain its advantage with a 70% market share in future real estate supply.

Real estate values are Increasing.

According to CBRE's research, over the past 3 years, land and house prices in some areas of District 2 and District 9 have increased by 2 to 3 times. This demonstrates the dynamism and strong attraction of the real estate market in this area.

Especially from 2017 to 2018, the real estate market experienced a "price fever", with growth rates of up to 30-50% compared to the same period of the previous year. Some land areas have recorded significant price increases of up to 60-70% within one year. Although the market has experienced a slowdown in the past two years, these areas still maintain a price increase trend, albeit at a gentler pace.

Clean land fund

Shortly, the Rach Chiec Sports Complex, with a large scale of up to 180 hectares, is expected to be completed and put into official operation. Meanwhile, the Cat Lai Urban Area, with an area of ​​up to 150 hectares, is being planned comprehensively and carefully, integrating into diverse functional areas.

Moreover, the city government has set a goal to build apartments in District 2 with a green coverage rate of up to 7m2 per person. This promises to create a green and environmentally friendly living environment, contributing to building a prosperous and prosperous District 2 in the future.

Some Important Notes for Investors When Deciding to Invest in Eastern Real Estate

Thorough market research

Before investing, investors should conduct thorough research on the real estate market in the Eastern area. This includes understanding ongoing projects, the development potential of the region, and the supply and demand situation for real estate. Additionally, investors should consider socio-economic factors such as transportation infrastructure, public utilities, and living environment.

Collaborate with professional real estate consulting firms

Investors can seek support from real estate experts by seeking opinions from reputable real estate brokers or consulting firms. These experts have deep market knowledge and can provide detailed information on potential projects and risk assessments for each investment.

Achieve Realty VN is proud to be the number 1 brokerage firm in Ho Chi Minh City, Vietnam. We come to customers with enthusiasm to help them achieve profits in real estate investment and business.

Selecting the investor

This involves evaluating the investor's reputation, experience, and previous completed projects. Projects completed with quality and stable progress will be a positive indicator in the investor selection process. Additionally, investors should carefully examine the legal aspects and support commitments from the investor to ensure the safety of their investment.

Despite facing challenges, the eastern Saigon area remains one of the potential destinations for real estate investors. With solid investment from the government and the robust development of high-end projects, the East region is expected to continue being a bright spot in the real estate supply sector and an attractive choice for future investors.

Achieve Realty VN is currently distributing real estate products of the Empire City Thu Thiem project. If you need more information, please get in touch with the address:

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