Land in suburban districts considered for promotion to districts in Saigon is about to increase in price

Avatar of Nick John By Nick John Dec15,2023 #considered #Land #Saigon
Land in suburban districts considered for promotion to districts in Saigon is about to increase in price 2
Land in suburban districts considered for promotion to districts in Saigon is about to increase in price 2

Gachvang Company Limited has just released a 12-month land price report on main roads of 3 suburban districts of Ho Chi Minh City that are being considered for upgrade to district status.

The street with the highest price in the outskirts of Binh Chanh is street 9, Binh Hung commune, with 75 million VND per m2.

Roads with high land prices in Binh Chanh district lead the streets with high land prices in the 3 districts.

In addition, the land-locked real estate market in Binh Chanh, Nha Be and Hoc Mon Districts in general recorded a quite exciting year, but with few mutations compared to the hot spots in the East.

Among the three districts, Binh Chanh land price is superior, twice as expensive as Hoc Mon.

Binh Chanh district is being evaluated as a very potential area because the transportation system connecting with important routes has been established, such as: National Highway 1A and Provincial Highway 10 connecting to Duc Hoa industrial park,

Land in suburban districts considered for promotion to districts in Saigon is about to increase in price

The average land price of Nha Be district is still not high, so in 2016 this area had a more impressive price increase margin than Binh Chanh and Hoc Mon districts.

By the end of 2016, there were quite a few investors implementing projects here.

Nha Be district is located at the gateway of Saigon South, bordering Long An and Dong Nai provinces and has main roads such as Le Van Luong, Nguyen Huu Tho, Huynh Tan Phat connecting Nha Be to the city center, especially

The city’s plan to build Can Gio bridge to replace the Binh Khanh ferry also makes real estate here heat up.

Land in suburban districts considered for promotion to districts in Saigon is about to increase in price

Hoc Mon district’s land price was recorded as the lowest compared to the three districts that are considering planning to become a district. At the same time, the amplitude of land price increase in this area is also the most modest (only increased by 12%).

Hoc Mon district is located in the Northwest area of the city, bordering Tay Ninh, Long An and Binh Duong.

According to the statistical unit, the need to live in a green environment, complete infrastructure and relatively soft prices is always the biggest concern of people.

VnExpress survey, after the information that 3 districts of Binh Chanh, Nha Be, Hoc Mon were planned to become districts spread from January 9, 2017, land prices in these areas have begun to move.

Projects that are planned (1/500) will be transferred to the district immediately after receiving information about being planned at a price difference of 5-7 million VND per square meter compared to the mark of the third quarter of 2016.

Projects that have been planned for residential construction are the focus of attracting the attention of both real estate brokers and investors to explore and evaluate prices.

In Hoc Mon, the area on both sides of Phan Van Hon street, residential land prices increased by 5-7% in a week.

As for Nha Be, project investors along Nguyen Huu Tho and Le Van Luong routes extending to the section bordering Long An revealed that the new sale in 2017 may adjust prices to increase by 5-6%.

However, there are still cases where investors holding undivided land in these 3 districts receive planning information to the district a little late.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *