HOW URBAN PLANNING AND INFRASTRUCTURE IMPACT ON DISTRICT 9 MARKET?

Located in the "Eastern City", with the expectation of becoming a "bright spot" for real estate in Ho Chi Minh City, District 9 is receiving a lot of attention from the government.

• Merging 3 districts to create an economic breakthrough in District 9.

Ho Chi Minh City is developing an innovative urban area merged from 3 districts to create a vibrant Eastern City, including:

- High-tech park district 9

- Thu Duc National University

- Thu Thiem financial center, District 2

It is expected that the "Eastern City" will form a major economic zone of 21,000 hectares, with one million inhabitants accounting for 10% of the city's population, estimated to contribute about 30% of the GRDP of HCMC.

• Gateway to connect traffic

With 245,000 billion VND, equivalent to 70% of the total investment in infrastructure connected to the Eastern, this has pushed the attraction of real estate in District 9 to a high level. The proof are:

- Road parallel to the expressway of Ho Chi Minh City - Long Thanh - Dau Giay with a total investment up to 808 billion VND.

- Ring Road 2 (Vanh Dai Trong) is widened with 6 lanes to reduce traffic congestion during rush hours.

- Metro Line 1, Ben Thanh - Suoi Tien has rolled in depot, it will be tested from Binh Thai intersection to Long Binh in April 2021 .

- Long Thanh Airport has basically completed the ground clearance.

- Benefit from convenient connection via Hanoi Highway.

In the future, District 9 is oriented towards becoming a new urban area with improved infrastructure, public facilities and living standards. When not only the land fund of the central districts is limited but also the real estate prices in District 2 is increasing, projects in District 9 will become more attractive in the perspectives of investors and buy-for-living people.