District 7 simultaneously opened the road, the area along the Saigon River welcomes development momentum
Expanding Ben Nghe Street this year
In 2022, the capital for public investment of Ho Chi Minh City is 45,000 billion VND. This capital source focuses on investing in projects such as infrastructure construction and environmental improvement. In the context of Ho Chi Minh City speeding up the disbursement of public investment capital and promoting many important projects, Ben Nghe Street is also upgraded and expanded to double this year.
Currently, this is the most important arterial road in Tan Thuan Dong area when connecting Tan Thuan export processing zone with Huynh Tan Phat street, district 4 and moving to the center of district 1. Combined with the project to relocate Tan Thuan port and Nguyen Tat Thanh port and Thu Thiem 4 bridge project, Ben Nghe street will become a modern and important traffic route for the formation of a new urban face of the area. Accordingly, traffic jams on roads such as Nguyen Tat Thanh, Huynh Tan Phat… will be thoroughly solved. In addition, the upgrading of the road surface and relocation will increase the urban beauty, contributing to ensuring the safety of vehicles.
According to the plan, the area of Ben Nghe street is also home to a series of large-scale and modern parks, forming many utility projects that welcome the cool breeze from the winding Saigon River. Not to mention, according to the plan, many roads connecting directly to Ben Nghe Street will soon be formed such as a parallel road to Ben Nghe Street, a road connecting the North of Tan Thuan Port, a road parallel to Luu Trong Lu Street, etc. promises to form a new extremely exciting spot along the Saigon River, attracting large investment capital flows for the real estate market here.
“When Ben Nghe bridge is formed, container trucks will no longer move into Tan Thuan port area, Ben Nghe route will be doubled and embellished, developing the largest riverside park in the South in the area. Here, turn this road into one of the most beautiful riverside streets of Ho Chi Minh City,” said Dr. Tran Nguyen Minh Hai, a real estate expert from Banking University of Ho Chi Minh City.
Forming a new development area along the Saigon River
The Saigon River flowing through Ho Chi Minh City is 80km long. Since 300 years ago, many ramparts, markets, residential areas have been formed. Over the years, the riverside has become the convergence of many projects of aesthetic shaping. for cities such as Thu Thiem new urban area, Hiep Phuoc port, urban areas of Van Phuc, Thao Dien, Thanh My Loi, urban areas in District 7…
As an area embracing a peaceful and fresh river, with a view towards the beautiful Thu Thiem green area, the riverside area of District 7 has many advantages to become a new development pole of Ho Chi Minh City. This area will be more valuable when owning the advantage of infrastructure and new traffic works. In the period of 2022-2023, the construction of Ben Nghe Bridge (Thu Thiem 4 Bridge) will awaken the potential of the riverside area of District 7, in conjunction with the new financial center of Thu Duc City to become a business corridor. economic – livable city. Along with the expansion of Ben Nghe Street and the formation of many parallel projects, the potential of this area will develop strongly in the future.
Synchronizing the advantages of geographical location, infrastructure – traffic, riverside real estate in District 7 increasing prices is inevitable. Particularly, the expensive Ben Nghe street certainly has great potential, especially in the context that the clean land fund for developing riverside projects here is almost exhausted.
In fact, the whole road only has more than 10,000 m2 of land owned by Gotec Land Group, approved by the Department of Construction of Ho Chi Minh City to develop 2 riverside luxury apartment towers, with a total scale of 500 apartments. The rare project of this area has just been launched and has attracted great attention of the market. It is known that Gotec Land has invested more than 100 billion dong for the hot mineral complex and Japanese standard healthcare facilities for future residents of Shizen Home.
With many plans to upgrade infrastructure, invest in utilities and modern, well-invested real estate projects, the Saigon riverside area will continue to contribute to the urban development of HCMC. . In particular, the riverside Ben Nghe street will soon enroll in the group of typical areas for the vibrant vitality of Ho Chi Minh City. This rare land of District 7 is a valuable investment area, promising high profits in the context of a shortage of real estate supply, housing prices constantly setting new price levels.
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