TOD trend is on the rise

TOD (Transit Oriented Development) is an urban development model based on public transport systems, which has become a trend in the world. In Vietnam, many investors are focusing on developing according to this model, especially in large cities such as Hanoi and Ho Chi Minh City.

TOD (Transit Oriented Development) is an urban development model based on public transport systems, which has become a trend in the world. In Vietnam, many investors are focusing on developing according to this model, especially in large cities such as Hanoi and Ho Chi Minh City.

The inevitable trend of TOD

With rapid urbanization, many environmental challenges have emerged, causing countries to focus on transit-oriented urban development (TOD) to reduce traffic pressure and ensure sustainable development.

Governments of many countries around the world have focused on investing in transportation infrastructure, especially high-speed rail systems. The TOD model is not simply about investing in the transportation system but also involves urban planning, with the goal of optimizing land use and building high-density urban areas around transportation stations. Japan is also one of the leading countries in TOD development, emphasizing reducing dependence on personal vehicles to reduce congestion and protect the environment.

TOD model in Vietnam

In Vietnam, the continued development of public transport systems such as metro and electric buses is shaping the real estate market in Hanoi and Ho Chi Minh City , not only in the residential segment but also in the retail and office sectors.

The National Assembly’s revised Capital Law has allowed investment in developing urban railways in Hanoi under the TOD model, ensuring modernity and sustainability. Mr. Le Chinh Truc, Deputy Director of the Hanoi Institute of Urban Planning, said the rate of public transport development will increase to over 50% by 2035 and over 60% by 2045.

In Ho Chi Minh City , the City People's Committee has issued plans to implement TOD areas along metro lines, aiming to develop public transport and attract investment.

Big investors lead the trend

“My family wanted to find a cool, airy green space to live in, but we were afraid it would be too far from the city center. After considering, we chose projects located on major roads, convenient for commuting to the city center.” (Mr. T. Tam - in Ho Chi Minh City) shared.

The demand for green, airy living spaces close to the city center is increasing. In Ho Chi Minh City, the immigration rate is increasing, leading to infrastructure overload. According to data from the General Statistics Office in 2021, Ho Chi Minh City has the second highest immigration rate in the country, reaching 25.4%.

Seeing the potential of the TOD model in the future, many investors have built urban areas to seize the opportunity, including Gamuda Land - a reputable investor in the real estate sector, always leading the trend with projects such as The Meadow low-rise housing area in Binh Chanh or Artisan Park commercial street in Binh Duong.

In recent years, these have been the investment centers of the Southern region as they are localities that attract FDI capital as well as always being in the top in terms of urbanization speed, and are also places where people have the highest average income in the country.

Binh Chanh, a satellite urban area of ​​Ho Chi Minh City, is also a potential area highly appreciated by investors. As the gateway to the Southwest of Ho Chi Minh City, Binh Chanh has many transportation projects under construction such as: Metro Line 3A (Ben Thanh - Tan Kien) with a total investment of more than 67,000 billion VND or Metro Line 5 (Bay Hien Intersection - Saigon Bridge), expected to be commercially exploited after 2032.

Gamuda's The Meadow project is located on Vinh Loc Street, an important route of Binh Chanh District.

The Meadow project developed by Gamuda Land is considered very convenient, located right on Vinh Loc Street - one of the important routes of Binh Chanh District. From the project, residents can easily move to neighboring areas such as District 6, District 8, Binh Tan District and the center of Ho Chi Minh City.

The Meadow is located in an area with a developed transportation system, with many major routes such as Vo Van Kiet Avenue, Hanoi Highway, National Highway 1A and Inner Ring Road. This makes it easy for residents to travel to neighboring areas as well as the center of Ho Chi Minh City. In addition, the project is also located near metro stations and bus routes, providing many transportation options for residents.

Another project of Gamuda Land - Artisan Park is located on the main avenue of Binh Duong new city.

Artisan Park is located right on the frontage of Le Hoan Street, one of the main avenues of Binh Duong New City. From here, residents can easily access the existing international standard utility system such as: 75-hectare central park with ecological lake, Aeon Mall shopping center, Viet Hoa international school system, Viet Duc University, Binh Duong General Hospital... as well as Binh Duong administrative center.

At the Gamuda Land Collection Expo event held on November 3, 2024 in Hanoi, real estate experts shared new and interesting perspectives on the Southern real estate market as well as a panoramic view of the Vietnamese real estate market from online data and in-depth research on consumer psychology. Participating in the event, brokers and investors partly grasped the panoramic view of the market, the latest developments in prices, supply and demand, and real estate investment opportunities for the Southern market.

Source: https://baodautu.vn/batdongsan/giao-thong-cong-cong-va-bat-dong-san-xu-the-tod-dang-len-ngoi-d229136.html