Thousands of billions of VND have been invested in developing transport infrastructure in Ho Chi Minh City. Of the more than 200 transport infrastructure projects with a total capital of 350,000 billion VND for Ho Chi Minh City, up to 70% are invested in the East. Projects that contribute to increasing connectivity with other areas include: Hanoi Highway expansion project, My Thuy and Dong Van Cong intersections, Ho Chi Minh City - Long Thanh - Dau Giay expressway, Mai Chi Tho avenue, Thu Thiem 4-bridge project connecting to Cat Lai, Thanh My Loi, etc.
Sharing in the recent discussion "Discovering investment opportunities - Anticipating the development plan of Ho Chi Minh City", Dr. Tran Dinh Thien - Member of the Prime Minister's Economic Advisory Group, former Director of the Vietnam Economic Institute commented that the Eastern area of Ho Chi Minh City, including Thu Duc City in the future, will have modern and open infrastructure as the focal point connecting two international airports, along with an elevated railway and a seaport. Here, there is a green city, a sports center, with the appearance of an urban area competing with the international community, a place worth living, contributing intelligence and creativity.
Associate Professor, Dr. Tran Dinh Thien (middle) discussed with experts about the Eastern region - the new dynamic area of Ho Chi Minh City.
Four years ago, Ho Chi Minh City developed a strategy to establish Thu Duc City (the Eastern Creative Urban Area), based on the merger of Districts 2, 9 and Thu Duc. With a total natural area of about 21,000 hectares and a population of over one million people, Thu Duc became the first "city within a city" in Vietnam.
According to the expert, Ho Chi Minh City is being given special mechanisms and strategic solutions to make a breakthrough. The city is being oriented to become a megacity, a high-speed locomotive leading the development of the whole South. The portrait of the Southeast and Ho Chi Minh City is becoming brighter and more aspirational.
The Eastern region has great growth potential thanks to its planning orientation and strong investment in traffic infrastructure.
Along with the city's key infrastructure projects, real estate developers have been implementing projects that are now considered to contribute to the infrastructure of this eastern city. For example, Masterise Homes with the international standard complex urban area The Global City (Do Xuan Hop Street, An Phu Ward, District 2); The Rivus - the most prestigious Elie Saab luxury villa complex in Vietnam, the high-end compound Masteri Centre Point and the green apartment complex Lumière Boulevard (Grand Park metropolis)...
In particular, The Global City is an international standard urban complex with a scale of 117.4 hectares, located in a prime location in An Phu ward, Thu Duc city. The Global City is expected to become an iconic urban area in Southeast Asia and the new center of Ho Chi Minh City, gathering a variety of modern entertainment - shopping - entertainment facilities, notably the largest outdoor water music area in Southeast Asia and City Park - the entertainment - sports complex that has just been launched. Events at The Global City attract tens of thousands of visitors every festival.
Project subdivisions such as SOHO - international standard commercial townhouses have been completed and handed over. Subdivisions will be launched in the future: garden townhouses, high-rise buildings, office buildings, villas... It is estimated that when completed, the project will attract 40,000 residents, 20,400 employees working in office buildings...
The Global City with its central location connecting key areas in the East
According to experts, many key projects in the Eastern region will create momentum for the development of The Global City, including: Lien Phuong road connecting The Global City with key surrounding areas, An Phu intersection expected to be completed in 2025, Ring Road 2, Ring Road 3, Long Thanh International Airport... From the urban area, residents can also easily connect to key provinces in the Southern region such as Ba Ria - Vung Tau, Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, Long An and Tien Giang.
The Global City is developed with the vision of becoming the new center of Ho Chi Minh City.
Experts say that quality real estate projects, well-planned by reputable investors, will meet the housing needs of a large number of talented and wealthy people in the "economic locomotive" of Ho Chi Minh City in the future. According to the report "Provincial Public Administration Performance Index in Vietnam (PAPI), Ho Chi Minh City tops the list of localities where people across the country want to live.
Not only meeting the housing needs, real estate is also a potential investment segment, in the context of mobilization interest rates being at the lowest level in many years. Mr. Hoang Cong Tuan - Techcombank Asset Management expert said that in the coming time, central banks around the world may lower interest rates, creating a favorable environment for the asset market, including the financial and real estate markets.
Sharing the same view, Mr. Pham Thien Quang - Consulting Director of Asset Management of Techcombank, said that the upcoming policy of the US Federal Reserve (FED) will be beneficial for the entire global financial market, including Vietnam. In that context, real estate is still the channel chosen by many investors.
Learn more about the new center The Global City at This .
Source: https://thanhnien.vn/bat-dong-san-khu-dong-sai-gon-but-pha-nho-cu-hich-ha-tang-18524052815213598.htm
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