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Forces driving skyrocketing real estate values ​​in the East of Ho Chi Minh City

Báo Đầu tưBáo Đầu tư19/11/2024


Forces driving skyrocketing real estate values ​​in the East of Ho Chi Minh City

On August 1, the Land Law 2024, Housing Law 2023, and Real Estate Business Law 2023 officially took effect, considered a lever to make the housing market increase strongly, especially projects with many advantages from reputable investors such as Vinhomes Grand Park.

A new "game" for strong investors

According to experts, the three laws that have just come into effect have many new, groundbreaking regulations that will have a strong impact on the real estate market. In particular, the Law on Real Estate Business will tighten the subdivision and sale of land; the Land Law clearly stipulates the land recovery for commercial housing projects. Housing projects will be implemented in the form of the state recovering land and then auctioning and bidding. Therefore, large-scale projects will need the "hands" of investors who are strong in finance, experience, technique and technology.

This change will cause a shift in the market structure and business scale. The supply of early-stage housing is expected to increase slowly as the market has gradually eliminated small-scale, thinly capitalized businesses. This group must move towards a strategy of increasing capital, merging or focusing on more “breathable” segments, such as social housing.

Commenting on this market screening, Mr. Nguyen Van Dinh - Vice President of the Vietnam Real Estate Association, said: "When the laws come into effect, there will no longer be a situation where businesses "catch thieves with bare hands". Developing projects will also be much more difficult. Investors must be real players and "virtual surfing" will not be possible".

The real estate market in the coming period is a "game" for reputable investors with strong potential.

Therefore, the remaining market share will be reserved for top real estate developers with proven reputation, capacity and financial capability. In particular, this is also an opportunity to increase value in potential areas, which are interested in and invested in development such as the East of Ho Chi Minh City. In particular, Vinhomes Grand Park - a metropolis that converges all the advantages such as a complete utility ecosystem, reputable investors, and abundant supply will become the most prominent highlight of the area.

In addition to the advantages gained when the new laws come into effect, the value of Vinhomes Grand Park is also promoted by the infrastructure system that Ho Chi Minh City has systematically invested in the East. Notably, there are two major projects including Metro Line 1 Ben Thanh - Suoi Tien, expected to be put into operation in 2024, connecting the city center with the transit hub at the new Eastern bus station. Or Ring Road 3 passing through Vinhomes Grand Park will be the inter-regional traffic connection axis of Ho Chi Minh City and neighboring provinces...

In addition, Vinhomes Grand Park also benefits from a series of bridge and road projects that have been and are being developed, helping to expand all roads to the most livable metropolis in Saigon, such as Long Dai bridge, which opened to traffic at the end of 2023; Lo Lu road expansion project with a total investment of more than 750 billion VND; Nguyen Duy Trinh road expansion project with a total investment of more than 1,600 billion VND; Tang Long bridge with a total investment of more than 740 billion VND...

In particular, with its location not far from Long Thanh (Dong Nai), the value of Vinhomes Grand Park will increase even more when Long Thanh airport - the focal project of the Southern region - is completed.

Exclusive factors create the value of Vinhomes Grand Park

Along with the advantages created by the development of regional infrastructure, Vinhomes Grand Park also has its own connection system with VinBus electric buses. In particular, the free bus route GRP1 connects the inner area with a frequency of 10 minutes/trip; route GRP03 connects the city center with the end point at Bach Dang Wharf (District 1) with a frequency of 15 minutes/trip and finally the toll route D4 goes through schools, offices, and urban areas in the East of Ho Chi Minh City.

It is worth mentioning that the VinBus electric bus system is not only a transportation advantage for Vinhomes Grand Park residents but also an important piece in the green development journey - an exclusive factor that helps increase the living value as well as the real estate value in the most livable metropolis in Saigon.

In addition, other utility pieces that create the outstanding value of the metropolis have been and are being developed by the investor at a rapid pace, such as the Central Park, the Light Park, the artificial lake... becoming highlights only available at Vinhomes Grand Park. Most recently, the metropolis continues to impress with the grand launch of Vincom Mega Mall Grand Park with the unique "Park-in-Mall" theme and the 2-storey Golf Course, opening up high-class experiences for the residents of the metropolis.

The continuous launch of great utilities makes the value of Vinhomes Grand Park increase continuously.

In the near future, with the investor's methodical strategy, Vinhomes Grand Park will continue to welcome many other great utilities to complete the perfect living picture in the Eastern region. Among them, the "entertainment universe" VinWonders with a pair of water parks and family parks owning a series of challenging highlight games.

Combined with the intrinsic value of the classy all-in-one ecosystem, Vinhomes Grand Park is considered the most attractive investment at the present time, before the market enters the "soaking" phase of policies, the new land price list is issued, real estate in the East establishes a new price level.



Source: https://baodautu.vn/batdongsan/nhung-luc-day-gia-tang-phi-ma-gia-tri-bat-dong-san-tai-phia-dong-tphcm-d221790.html

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