Over the past 10 years, the real estate market in District 2 has changed significantly. The growth rate of housing is 6 to 12 times. This making experts in real estate in HCM City assert that in the coming years, the real estate market in the East, District 2 will fluctuate in supply and price.
Overview of District 2, continue develop significantly
While downtown areas are increasingly crowded with people, shortage of green spaces, environmental pollution and noise pollution, District 2 is in favor because of a large land bank, quiet, peaceful to relax after a hard working day. District 2 is located in the east of the city, on the left bank of the Saigon River. To the north, it borders Thu Duc district, Binh Thanh district; the South borders with District 7, Nhon Trach District, Dong Nai Province; to the east are District 1, District 4, Binh Thanh District. It is located here and has many favorable conditions to become a new urban area, as an essential connection of the city with neighboring provinces: Dong Nai, Ba Ria - Vung Tau, Binh Duong. That is why the tendency to buy real estate today turned to the area near CBD, the large urban areas in District 2. Here are some advantages of District 2:
• Adjacent to district 1, only 5-10 minutes to move to the center, but only half the price in District 1
• District 2 has a good growth rate, in the future it will likely be merged with District 1, the apartment price will increase in the future.
• Concentrate on many new projects that are open for sale, good price, flexible sales policy, bring many choices.
• The rate of return on rental investment or high resale rate because District 2 is close to many key traffic projects.
• It is an area that attracts a lot of foreign investment
• The area is home to many foreigners, forming a civilized, modern and multi-ethnic community.
Disitrct 2 possesses prime location, close to major districts in Ho Chi Minh City
Breakthrough infrastructure, extremely fine connection
The infrastructure always plays the role for real estate. In District 2, the strong ripple of infrastructure, especially traffic system, has made Saigon East become the focus of investors in recent years.
The formation and development of transport infrastructure will directly affect the value of real estate nearby. District 2 is a strong attraction area in the real estate market, located at the gateway to the East of Ho Chi Minh City and in area of major developments of Ho Chi Minh City. The main routes are under development including: Hanoi Highway axis, Ho Chi Minh City - Long Thanh - Dau Giay expressway, Thu Thiem tunnel linking from East to West, metro line is gradually being developed, along belt route, Promises to make a spectacular change to the real estate market in the area.
The complex and developed infrastructure of District 2
Thu Thiem tunnel is considered a crucial project in the dewvelopment of District 2
Over the past 10 years, District 2 has more than 10 large and complex infrastructure projects with the total cost of up to VND 250,000 billion, accounting for 70% of the total traffic to the city. This is the main driving force to change the appearance of the eastern axis of the city, making this area a hot spot for many investors and customers.
After the Metro project finished, District 2 will be a key connection to the city
The concentration of many major investment projects
Many keen investors have selected District 2 to develop the project, including new projects in Thu Thiem new urban area, An Phu - An Khanh urban area (Imperia, Lexington Residence, The Estella, Masteri An Phu, Gateway Thao Dien, Palm City, Lakeview City, Centana Thu Thiem, etc. ), villas along the Saigon River. Notably, Masteri Thao Dien apartment complex with the cooperation of many big names in the field of real estate, finance such as Vingroup, Techcombank and Thao Dien Investment Joint Stock Company.
The area is also known as the “international school village”, where many large international school located such as International School Ho Chi Minh City, Australian International School, American International School, ABC International School, etc.
It attracts the modern, dynamic and youthful population
Not only attract the wealthy population, urban district 2 is also becoming the choice of a class of young, dynamic and modern life. In the coming time, the Metro line is considered to be an infrastructure that has a great influence on the shift of urban development in HCM City as well as the value of real estate.