Vu Phong
An artist’s impression of Masteri Thao Dien project
As projected, the city will be developed in multiple directions, with the east (where Hanoi Highway and HCMC-Long Thanh-Dau Giay Expressway are located) and the south (Nguyen Huu Tho Street) emerging as the two major areas of development.
Between 2012 and 2020, there will be 11 property projects, small and large, to be implemented in the east. Their combined investment capital is estimated to amount to nearly VND250 trillion, equivalent to 70% of the total cost for road projects across the city.
Several key infrastructure projects in the area have been finished, such as Saigon River Tunnel, Saigon 2 Bridge, Mai Chi Tho Highway and Vo Van Kiet Highway, thereby shortening travel time between districts 1 and 2 to 10-15 minutes. Besides, Metro Line No. 1, which connects the landmark Ben Thanh Market in downtown HCMC and Suoi Tien Park in District 9, will shape the urban development landscape of the city when it is in place.
The pace of development of the area reflects the principle of development of big cities in Japan, where cities are developed on the basis of public infrastructure development with a vision lasting 20 to 30 years. In urban development, Japan often builds rail links with the downtown area to create a convenient transport network and attract people to new urban areas. This is also a crucial factor for property enterprises to develop their projects in HCMC’s eastern area to benefit from convenient transport infrastructure.
An apartment model at Masteri Thao Dien
Vu Quoc Dung, a businessman, decided to buy a three-bedroom apartment at Masteri Thao Dien, a housing project under construction at 159 Hanoi Highway in District 2, last October. What made him buy the apartment is the presence of a major road nearby his home. More importantly, the apartment project is near the city’s first metro line Ben Thanh-Suoi Tien, while the price of the apartment is acceptable.
“I lived abroad for a long time, so I know homes near metro lines are always expensive. But prices at Masteri Thao Dien are quite reasonable. Thus, I decided to buy one when the project was put up for sale,” Dung said.
Another advantage of the eastern area is a green environment with many garden houses and green trees along the Saigon River. This is a place for customers who look for a clean living environment.
‘Green space’ is the main theme of housing projects developed in the eastern area. Masteri Thao Dien, for instance, sets aside over 60% of its area for lakes (around 3,500 square meters), parks (nearly 6,000 square meters) and pedestrian roads, making it separate from noisy urban life.
With modern facilities and services like Metro An Phu, international schools and hospitals, the eastern area has a fast pace of urbanization but the living environment there is healthy and clean. It promises to become a modern urban town that meets regional standards in the coming time.
According to surveys of realty consulting firms GIBC and CBRE conducted in the past quarters, property prices in eastern HCMC have picked up 7-10%, indicating that housing values are rising as more infrastructure projects there are being completed.
Đăng ký: VietNam News