Apartment projects benefit from metro lines

Projects located near urban railway lines not only help residents move easily but also possess good growth potential.

Demand for apartments in the Ho Chi Minh City market is showing signs of improvement. Notably, in Thu Duc City (Thu Duc City), projects with convenient locations to the new Eastern Bus Station or Metro Station No. 1 on the Ben Thanh - Suoi Tien route are attracting a lot of attention from real estate consumers.

These projects not only help residents move easily but are also assessed to have potential for future growth. Take the two urban railway lines that have been put into operation in Hanoi, the Cat Linh - Ha Dong and Nhon - Hanoi Railway Station lines, as an example. In many projects along these two metro lines, apartment prices have recorded an upward trend.

According to data from the Vietnam Real Estate Conference 2024 (VRES 2024) of Batdongsan.com.vn, the average increase in apartment prices in many wards with the two metro lines passing through (in 2024 compared to 2021) mostly reached 30-50% and over 50%.

The above examples partly reflect that the operation of urban railway lines not only upgrades central infrastructure but also creates good growth momentum for apartment projects in surrounding areas.

In Thu Duc City, The 9 Stellars (Hoang Huu Nam Street, Long Binh Ward, Thu Duc City) is such a project. This is a complex of high-end apartments and villas invested by Ngan Thanh Joint Stock Company and developed by SonKim Land Group.

Located in the center of Thu Duc city, The 9 Stellars benefits from the area's traffic infrastructure, helping residents connect to neighboring areas quickly and conveniently.

With a convenient location connecting to major roads and a modern public transport system, residents of The 9 Stellars can easily access the city's central districts, especially District 1, taking only about 25 minutes to travel from the Suoi Tien Bus Station metro station.

Perspective of The 9 Stellars project (Photo: The 9 Stellars).

In another development, according to data from the Vietnam Real Estate Conference 2024 (VRES 2024) of Batdongsan.com.vn, the average selling price of apartments in Ho Chi Minh City in the fourth quarter of 2024 was 59 million VND/m2, compared to 51 million VND/m2. in the fourth quarter of 2023. Thus, it can be seen that although the supply is not really diverse and demand is limited, apartment prices in this market still tend to increase.

Take the Vinhomes Grand Park project (Thu Duc City) as an example. According to the Price History feature on the Batdongsan.com.vn platform, apartment prices here have increased by 14.5% in 1 year (January 2024 - January 2025) and 45.8 million VND/m2 is the most popular selling price in January 2025. Some other neighboring projects also recorded a slight increase in apartment prices over the past year.

Thu Duc City - the new development "core" of Ho Chi Minh City, is in the process of planning to become a key development area in the future. The connection from this area to the center of Ho Chi Minh City or neighboring provinces will become more convenient thanks to the large-scale transportation network that has been and is being accelerated in investment.

The synchronous development of infrastructure, especially metro lines and large real estate projects, is expected to create momentum for the Eastern region to break through and become a bright spot in the real estate market of Ho Chi Minh City in the coming years.

Source: https://baodautu.vn/batdongsan/du-an-chung-cu-huong-loi-nho-cac-tuyen-metro-d249169.html