In recent years, ??? ????? ??? ????? ???? is capturing the attention of investors like never before, thanks to its skyrocketing property values, logical infrastructure, and prime location – making it the hottest real estate market in Ho Chi Minh City. Let’s discover what makes Thu Thiem real estate market attract more local and international investors!
Why Thu Thiem real estate market become top choice for foreign investors?
Rapid Growth in Townhouses and Shophouse
The Thu Thiem area in District 2, Ho Chi Minh City, is transforming rapidly, especially in real estate. Its strategic location is key to this change. The government aims to develop Thu Thiem into a new financial and commercial center. Townhouses and shophouses are growing quickly. This growth is due to high demand for versatile living spaces, business opportunities, and attractive investment returns.
Among real estate products, townhouses, shophouses, and villas in Thu Thiem have experienced the most significant growth. For example, the price of shophouses on Nguyen Co Thach Street has surged from VND 30-40 billion to VND 150-200 billion per unit, marking an impressive increase of over 240%.
Growth Prospects for Thu Thiem Urban Area
Ho Chi Minh City spans a total area of around 206,100 hectares, yet the old central district covers just 930 hectares. In contrast, Thu Thiem area , planned as the new extended central area, covers 730 hectares. As this new central area quickly takes shape, it is raising a strong wave in the real estate market of District 2.
Up to now, there’s been a wide range of luxurious residential projects in Thu Thiem New Urban Area such as The Metropole Thu Thiem, The River, Empire City, Sala Thu Thiem, and Thu Thiem Zeit River (under construction).
>>See more: Apartments for rent in District 2 Ho Chi Minh
Strategic Urban Planning and Infrastructure Growth
Seizing the opportunity at the right moment, Thu Thiem quickly implemented several key infrastructure projects to ensure seamless connectivity with District 1. With an investment of tens of thousands of billions of VND, major projects like Thu Thiem 1 Bridge, the Thu Thiem Tunnel under the Saigon River, and Thu Thiem 2 Bridge (Ba Son Bridge) were completed. These were put into operation in 2007, 2011, and 2022 respectively.
Major Infrastructure Developments Continue to Advance
The Central Square and Thu Thiem Riverside Park project are set to be implemented in 2024 and 2025. Key developments include Thu Thiem Bridges 3 and 4, and the Thu Thiem Pedestrian Bridge, which will significantly shorten the distance between Thu Thiem area and Districts 1, 4, and 7.
Current real estate market price in Thu Thiem District 2
Real estate market prices in Thu Thiem vary depending on the type of property, location within the district, and the level of luxury offered. Below is a breakdown of the general price range:
- Apartments and Condominiums: The price of high-end apartments and condos in Thu Thiem ranges from $4,000 to $7,000 per square meter. Luxurious projects such as The Metropole Thu Thiem, The River Thu Thiem, and Eco Smart City are among the most sought-after, often commanding prices at the higher end of this range.
- Villas and Townhouses: Villas and townhouses, range from $7,000 to $12,000 per square meter. These properties offer more space and privacy, appealing to wealthy buyers looking for exclusivity.
- Commercial Properties: The demand for commercial space in Thu Thiem is growing, given its potential as a future economic center. Prices for commercial properties can vary widely, with prime locations fetching high premiums. Prices generally range from $8,000 to $15,000 per square meter, depending on the property’s exact location and size.
Trends in the Thu Thiem real estate market next years
- Increased Interest from Foreign Investors: Thu Thiem has attracted significant interest from international investors. Particularly from countries like South Korea, Japan, and Singapore. The area’s potential for high returns on investment makes it a popular choice among foreign buyers.
- Luxury Living and High-end Developments: The focus in Thu Thiem is on luxury living, with many new developments offering high-end amenities such as swimming pools, gyms, shopping malls. This trend is likely to continue as the area establishes itself as a luxury residential hub.
- Sustainable and Smart City Concepts: Developers are increasingly incorporating sustainable and smart city concepts into their projects. This includes energy-efficient buildings, smart home technology, and ample green spaces, appealing to environmentally conscious buyers.
In summary, with its rapid development and strategic development, Thu Thiem real estate market promises a prime location for living and investment in Ho Chi Minh City next years. If you’re looking for a potential investment oppportunity, now is the perfect time to invest in Thu Thiem real estate market.
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