Infrastructure boost brings HCMC real estate sheen
Infrastructure boost brings HCMC real estate sheen
Infrastructure works that are under construction and will help ease congestion to the eastern part of HCM City are expected to abet property development there, according to market observers.
Infrastructure is always a key factor in real-estate development, and several projects in the eastern districts of 2, 9, and Thu Duc are on the verge of completion.
The Sai Gon Bridge 2, for instance, is due to open to traffic in early November, significantly contributing to easing congestion and shortening the travel time from the eastern part to the city centre.
Connecting District 2 with Binh Thanh and built next to the existing Sai Gon Bridge, it was completed on September 12 after a year and a half of construction.
The six-lane, VND1.5 trillion bridge is 987.3 metres long and 23.5 metres wide.
Besides, the expansion of the Ha Noi Highway from the new bridge to the Dong Nai Bridge in Bien Hoa and the ongoing construction of the city's first metro route have also helped create a buzz around property projects in Districts 2, 9, and Thu Duc, especially along this route.
They include Thao Dien Pearl, Tropic Garden, the Vista, the Estella, Imperia An Phu, and Cantavil Premier.
A four-lane steel fly-over recently built at the Thu Duc crossroad has helped ease traffic from HCM City to Bien Hoa and Dong Nai, benefiting real-estate projects far away from the city centre, especially low-cost ones.
The developers of many property projects in District 9 are busily preparing to attract customers, with many roads in this area being upgraded and expanded.
HVK Company is set to launch a promotion to sell 650 apartments in its Eastern Building project.
The Thu Duc Housing Development Joint Stock Company is offering for sale land plots at its Phuoc Long project.
Many other land projects in Bien Hoa and Long Thanh are waiting for the Long Thanh-Dau Giay Highway to be finished in late 2014.
vietnamnews
