A corner of Phu My Hung urban area in HCM City (Source: VNA)HCM City (VNA) – Ho Chi Minh City isbecoming very popular with property developers thanks to the manyinfrastructure works planned for the area.
The Vietnam Highway Investment Corporation is now speeding upthe last three contract packages for the Ben Luc – Long Thanh Highway so thatit can open to traffic in 2020.
It will link up with the national highway system and Long Thanh InternationalAirport.
Many other projects have been approved, including the Nguyen Van Linh – Nguyen HuuTho interchange and widening of Nguyen Tat Thanh street in District 4.
Construction of the Rach Dia and Long Kieng bridges will be completed earlynext year.
Le Van Luong Road, a key link between HCM City and Long An province, will alsobe widened.
Metro line No 4 will run completely in the south.
Many analysts said this part of the city has seen the best urban development.
Le Hoang Chau, chairman of the HCM City Real Estate Associations,said infrastructure has played a key role in this development.
He told Saigon Giai Phong (The Liberated Saigon) newspaper that since thesouth of the city is under pressure from people flocking here, authorities haveno choice but to pour money into developing infrastructure.
Property investors make beeline
The rapid infrastructure development has attracted manyhousing projects, hospitals, schools and malls.
Duong Tuan Tu, chairman of the Tuan Long Company, told Saigon Giai Phong thathis company plans to develop a few projects in the area since it has a lot ofpotential.
At the end of this month, the company would continue to sell apartments in itsGreen Life project, he said.
Hung Loc Phat Real-estate Development Company said to take advantage of all thenew infrastructure, at the beginning of next year the company would sell unitsin its Green Star project on Pham Huu Lau street.
The project will have 100 villas and houses and 1,000 apartments.
Another developer announced plans to sell 4,000 luxury apartments on Dao Tri Streetin Nha Be district.
According to Le Tuan Trung, general director of Bao Khang Real Estate, sincethere are many foreign schools in the south, foreigners choose to live there.
Diinh The Hien, an economist, said that most of the housingprojects in the south are co-ordinated with the overall urban plan. Thus, alongwith infrastructure, these projects have created a new face for the south.
Besides existing projects, there are also many investors seeking the right todevelop new ones, he added.-VNA
The Vietnam Highway Investment Corporation is now speeding upthe last three contract packages for the Ben Luc – Long Thanh Highway so thatit can open to traffic in 2020.
It will link up with the national highway system and Long Thanh InternationalAirport.
Many other projects have been approved, including the Nguyen Van Linh – Nguyen HuuTho interchange and widening of Nguyen Tat Thanh street in District 4.
Construction of the Rach Dia and Long Kieng bridges will be completed earlynext year.
Le Van Luong Road, a key link between HCM City and Long An province, will alsobe widened.
Metro line No 4 will run completely in the south.
Many analysts said this part of the city has seen the best urban development.
Le Hoang Chau, chairman of the HCM City Real Estate Associations,said infrastructure has played a key role in this development.
He told Saigon Giai Phong (The Liberated Saigon) newspaper that since thesouth of the city is under pressure from people flocking here, authorities haveno choice but to pour money into developing infrastructure.
Property investors make beeline
The rapid infrastructure development has attracted manyhousing projects, hospitals, schools and malls.
Duong Tuan Tu, chairman of the Tuan Long Company, told Saigon Giai Phong thathis company plans to develop a few projects in the area since it has a lot ofpotential.
At the end of this month, the company would continue to sell apartments in itsGreen Life project, he said.
Hung Loc Phat Real-estate Development Company said to take advantage of all thenew infrastructure, at the beginning of next year the company would sell unitsin its Green Star project on Pham Huu Lau street.
The project will have 100 villas and houses and 1,000 apartments.
Another developer announced plans to sell 4,000 luxury apartments on Dao Tri Streetin Nha Be district.
According to Le Tuan Trung, general director of Bao Khang Real Estate, sincethere are many foreign schools in the south, foreigners choose to live there.
Diinh The Hien, an economist, said that most of the housingprojects in the south are co-ordinated with the overall urban plan. Thus, alongwith infrastructure, these projects have created a new face for the south.
Besides existing projects, there are also many investors seeking the right todevelop new ones, he added.-VNA
VNA
