Apartments only 11.5 km from District 1 are "sought after" in the second half of 2024

The real estate market bordering Ho Chi Minh City is witnessing a wave of movement thanks to the advantage of connecting to the center (District 1) only about 10 km away, about 20 minutes, even closer than many inner-city districts.

What do buyers get from apartments bordering Ho Chi Minh City?

“Although Binh Duong is known for buying real estate, its connectivity is better than some areas in Ho Chi Minh City. Moreover, current buyers are not too concerned about the location but are more concerned about the distance and travel time,” said Mr. Vo Huynh Tuan Kiet, Director of CBRE, which is also the reality in the market.

Meanwhile, Savills Vietnam believes that the apartment product line under 3 billion VND in Ho Chi Minh City is increasingly scarce, accounting for only 18% of primary supply in the first half of 2024. This situation has led to many customers, including real buyers and investors, flocking to Binh Duong to buy houses when with just a budget of less than 3 billion, they can own a luxury apartment from a reputable investor. Many areas bordering Ho Chi Minh City in Binh Duong - for example, Vinh Phu ward (Thuan An city) connects to the center of Ho Chi Minh City (District 1) only about 10 km, less than 20 minutes; closer from many districts such as Hoc Mon, District 12, District 9 (old), Binh Chanh, Nha Be...

The expansion of National Highway 13 and the elevation of Binh Duong to a centrally-governed city have given Thuan An a boost. (Photo source: Dung Tran)

On the other hand, the leverage from infrastructure helps to clear the distance and shorten the travel time, making the provincial household registration (adjacent to Ho Chi Minh City) no longer a barrier. It is worth mentioning the project to expand National Highway 13 (from Binh Trieu Bridge to the border of Binh Duong province) expected to start construction on April 30, 2025, with a total investment of about 13,851 billion VND. While Ho Chi Minh City is accelerating the implementation, in Binh Duong, in August, this project also increased the total investment from 1,367 billion to more than 12,463 billion VND.

Along with that, Decision No. 790/QD-TTg signed by Deputy Prime Minister Tran Hong Ha approved the Planning of Binh Duong province for the period 2021-2030, with a vision to 2050, to become a centrally-run city by 2030. With this support, many experts have commented that Binh Duong in the future will be similar to other centrally-run cities such as Ho Chi Minh City, Can Tho... in terms of infrastructure, housing issues as well as the system of public utilities, adding momentum to Thuan An to have enough "strength" to compete with many districts in and outside Ho Chi Minh City (District 12, Go Vap, Hoc Mon, Binh Chanh...).

Looking at the overall picture, this place is continuously enriched by a series of factors: planning, infrastructure... making the ownership of apartments in Thuan An open to many customers who buy to live and invest. In addition, the real estate value here will increase many levels, similar to Thu Duc City (HCMC) when this place decides to become a city in 2021.

However, Ms. Do Thi Thu Giang, Director of Savills Vietnam Consulting Services, affirmed that buyers from Ho Chi Minh City currently account for 80% of transactions in new apartment projects in Binh Duong in the first half of 2024. Areas right next to Ho Chi Minh City maintain higher prices than other areas, but thanks to the advantage of synchronous infrastructure, the absorption rate is always positive. Even projects in Vinh Phu ward (Thuan An city) are searched for more than all through keywords such as "National Highway 13, Binh Duong welcome gate".

"Next door" to Saigon, The Emerald 68 takes over the airwaves

According to experts, the Thuan An apartment market has the second highest demand among satellite cities of Ho Chi Minh City. Besides the central location between the cities: Thu Duc, Thu Dau Mot, Di An, this place is also a young city with strong growth, attracting a large density of residents and workers. At the same time, many large industrial parks (VSIP 1 Industrial Park, Viet Huong Industrial Park) open up tens of thousands of career opportunities for young people and experts, high-tech workers. At the same time, with a diverse system of external utilities (Aeon Mall, Lotte Mart, Becamex Hospital, Columbia Asia Hospital, Song Be Golf Course ...), the quality of life here is increasingly modern and convenient.

The advantage of being “near the river” less than 400 m and the distance to District 1 (HCMC) only 11.5 km helps The Emerald 68 to be continuously sought after. (Photo source: Dung Tran)

Located on the frontage of National Highway 13 (in Vinh Phu Ward, Thuan An City), The Emerald 68 is only 1 km from the border of Ho Chi Minh City, only 11.5 km from District 1 (right at Dien Bien Phu roundabout), 15 minutes to Hang Xanh intersection, less than 20 minutes to Tan Son Nhat airport. It can be affirmed that this is a rare project with such a prime location in the current supply in the market of Ho Chi Minh City and satellite cities.

Anabuki ensures a quality of life worthy of The Emerald 68 residents through advanced management and operation technology solutions.

In addition, the guarantee that helps The Emerald 68 score more points with customers is the complete legal status and the prestige of the investor by two leading brands: Le Phong Group and Coteccons. When completed, the project will be managed and operated by Anabuki Vietnam (under Anabuki Japan), ensuring the quality of life for residents meets international standards.

The Emerald 68 is being introduced to the market by DKRA Realty - General Marketing and Distribution Agent with prices starting from 1.68 billion VND/unit, paying 50% to receive the house. BIDV Bank supports loans up to 70%, 0% interest rate and principal grace period up to 30 months.

Source: https://baodautu.vn/batdongsan/can-ho-cach-quan-1-chi-115-km-duoc-san-don-nua-cuoi-nam-2024-d226089.html