An overview of the real estate market in Nha Be District

Nha Be District is located in the southeast of Ho Chi Minh City that has 7 communal administrative units with a total natural area of more than 100 square kilometres. Currently, many big investors such as Keppel Land, GS E&C, Novaland, etc., have been implementing their projects in this area.

Geographical location information in Nha Be district.

As the gateway to the South Saigon region, possessing a rich system of canals, Nha Be is one of the key areas focused on investment and development by Ho Chi Minh City.

Joining in the process of urbanization and development, Nha Be has gradually developed strongly socio-economic. In 2019, the district has 9,329 business households and 4,645 businesses. The district's agricultural land area currently accounts for only 3%. Next time, Nha Be will no longer have agricultural land. This is a favourable factor to help the process of going from district to district of Nha Be quick.

View more information about Celesta Rise Nha Be here: new launch project Celesta Rise in District 7 of Keppel Land

Speed up the urbanization rate

The urbanization rate of Nha Be is quite fast, in less than 3 years, clearly shown through programs focusing on investment in connection and synchronous technical infrastructure system. At the end of April 2020, the intersection of Nguyen Van Linh - Nguyen Huu Tho, with an investment of more than 830 billion VND, has just been started in phase 1, the project will promote the connection of the whole city quickly through the combination of the North-South and East-West axes.

Geographical location information in Nha Be district

Nha Be District is located in the Southeast of Saigon, about 12-15km from the city centre. The total natural area of Nha Be district is 100.41 km2, divided by the administrative unit of one town and six rural communes. Specifically: Nha Be town, Hiep Phuoc Commune, Long Thoi Commune, Nhon Duc commune, Phu Xuan commune (district capital), Phuoc Kien commune, Phuoc Loc commune.

The administrative boundaries of Nha Be district are as follows:

Nha Be District is surrounded by different communes

- The North borders District 7

- The South borders Can Giuoc District, Long An province

- The East borders on Nha Be River that separates from Nhon Trach District, Dong Nai province and Soai Rap river, separate from Can Gio district.

- The West borders with Binh Chanh District

Nha Be District has a convenient river system to expand the network of the waterway to massively, with conditions to build deep-water ports capable of receiving ships with large tonnage to dock. Besides, Nha Be is also considered a position of special strategic significance.

In addition, Nha Be is also heavily invested in traffic infrastructure, increasing connectivity to the city centre and neighbouring districts and areas.

Many projects have been approved, will start early such as the project of the underground tunnel system, the 3-storey overpass at Nguyen Van Linh - Nguyen Huu Tho intersection with a capital of nearly 5,000 billion VND; North-South trunk road project connecting the central area with District 4, District 7 and Nha Be district is estimated at more than 8,500 billion VND; Metro Line 4 is estimated at more than 97,000 billion VND ...

A total number of districts in Ho Chi Minh City 

Inheriting many outstanding advantages of the locality, Nha Be real estate is becoming hot, attracting a large number of investors and there were waves of price increases during the last time.

Currently, the land productively of the project in Can Giuoc, adjacent to Nha Be, is being selected by many investors, with the price from 1.4 to 1.6 billion VND, fully legal and backed by the prestige of experienced developer.

Some projects located on Nguyen Huu Tho street are currently offered for sale from 65-85 million / m2, with some land projects currently listed at about 65-70 million / m2.

Most importantly, Metro Line 4 with a total investment of 97,000 billion VND (passing districts 1, 3, 4, 7, 12, Go Vap, Phu Nhuan and Nha Be district) runs parallel to Nguyen Huu Tho Street, has been planned and is being recommended for adjustment extending from Nguyen Van Linh street to Hiep Phuoc port urban area.

Real estate area in Phuoc Kien Commune

Phuoc Kien commune has the primmest position of Nha Be District when adjacent to District 7. Therefore, this is the area that attracts various real estate projects. According to statistics, almost 80% of projects in Nha Be District are located in Phuoc Kien Commune because it is the shortest way to connect to the city centre compared to other communes. Among the projects in Phuoc Kien Commune, Celesta Rise is the most prominent project of Keppel Land and Phu Long in the upcoming time, the Sunrise Riverside project of Novaland, the upcoming Zeitgeist project of GS E&C, etc. Other projects in Phuoc Kien Commune have an average selling price of 19 - 48 million / m2 for apartments, and from 7.4 to 17 billion / house for villas and townhouses.

Celesta Rise is drawing the real estate investors in Saigon and expected to launch is 2023

Celesta Rise has the primmest location in Nha Be District, connects District 1 to other provinces

View more information about Celesta Rise Nha Be here: new launch project Celesta Rise in District 7 of Keppel Land

Real estate area in Nhon Duc commune

Nhon Duc Commune is adjacent to Binh Chanh District. The real estate market here is pretty primitive with few projects implemented. The alternative is the upcoming La Partenza project of the investor Khai Hoan Land with the expected average selling price of 27 - 32 million / m2.

Real estate area in Phu Xuan Commune

Phu Xuan Commune borders with Nha Be town and its small part borders Phuoc Kien Commune. The real estate market here has not yet developed strongly, and the selling price is not too high, ranging from 14 to 24 million / m2 for apartment projects.