Explain the real attraction of The 9 Stellers
January 27, 2021
Real estate value in The East has escalated constantly
Possessing a central position in the "golden triangle" region of Ho Chi Minh City - Dong Nai - Ba Ria - Vung Tau, Thu Duc is the hub of the arterial transport routes between HCMC and the Southeast provinces. Many experts said that in the future, this place will determine the position of HCMC with the associated areas, creating momentum for Ho Chi Minh City to develop strongly.
Over the past 10 years, this area has accounted for 70% of the total 350,000 billion capital that HCMC devoted to the development of transport infrastructure. Including many key projects connecting the East with other areas in the city as well as provinces bordering HCMC such as HCMC - Long Thanh - Dau Giay expressway, Ben Thanh - Suoi Tien metro, Vanh street Belt 3, Pham Van Dong Street. According to the project of developing transport infrastructure of HCMC for the next 10 years, the capital need of the city needs 852,500 billion VND, of which the East is forecasted to continue to be the area of great benefit.
With strong leverage of infrastructure and internal strength from a gateway land for trade, Thu Duc has the conditions and potentials to break through and become a new hotspot of the real estate market in HCMC in the future.
In the period 2020-2025, new supply in Thu Duc will be quite abundant with an average annual growth rate of 11.5%, equivalent to 15,000-16,000 new apartments per year. This is superior to the growth rate of supply in the South (4.6%) and the West (5.3%).
Many developers see the attractiveness of the East area of HCMC from decades ago
Infrastructure development is also the time when many large-scale projects hit the market. In particular, with the development orientation of becoming a creative urban area, the segment of high-end residential, apartment, office real estate in Thu Duc City has many development opportunities in the coming time.
In resonance with the impulse in the high-end real estate market in District 2 and District 9, recently, in the central area of Thu Duc district, there was also the first million-dollar project, targeting high-end customers.
DKRA's third-quarter real estate market report showed that, in this quarter, Grade A accounted for 87.2% of new supply, Grade A consumption was also the highest compared to other segments with 4,537 bases. In which, the East contributed 77.6% of the new supply and was also the area with the highest consumption rate with 4,171 units.
Possessing a prime location right on the arterial road in the heart of the creative city, King Crown Infinity - a high-end commercial and apartment complex with a 30-storey twin tower next to Vincom Thu Duc.
King Crown Infinity is expected to become a unique symbol of the East of the city. King Crown Infinity will contribute to changing and promoting the appearance of Thu Duc area, making this area become a new focal point of the real estate market high grade.
In addition, the attraction from the establishment of Thu Duc city and the super-project Long Thanh international airport officially started on January 5, 2021, also makes the potential of this area significantly enhanced. Among the projects located in the gateway area to the East of Ho Chi Minh City, Aqua City is receiving great expectations from investors. Residents of The 9 Stellars just need to move from Hanoi Highway to Huong Lo 2 to reach the linked amenities of Aqua City or Long Thanh airport.
Besides, the appearance of Vinhomes Grand park in District 9 has contributed to increasing housing demand and real estate value in this area. However, Vinhomes Grand Park in terms of the selling price, The 9 Stellars willing to offer an affordable price that ranges from 2,100 USD to 2,300 USD. With reasonable payment, investors can own a prime location right in the centre of Thu Duc new city.