Nhon Trach establishes a new price ground to welcome traffic infrastructure projects

Belt 3 project is expected to be submitted by the Government to the National Assembly for approval, is expected to start construction in June for the Tan Van – Nhon Trach section, along with the orientation to accelerate disbursement of public investment for a series of infrastructure projects. Traffic has made the real estate market connect, close to the projects that establish new price ground.

Exciting market, setting new price level

Belt 3 section Tan Van – Nhon Trach passing through Nhon Trach district is expected to start at the earliest and promote investment stages so that Nhon Trach real estate market has not stopped the hot rise. At the beginning of 2019 at 9-12 million VND/m2. By the end of May 2022, Nhon Trach’s land price jumped to 20-25 million VND/m2.

The golden positions in densely populated areas, large roads, connecting to the Ho Chi Minh City – Long Thanh – Dau Giay highway, the land price is up to 30-35 million/m2.

The Department of Construction Management and Quality of Traffic Works (Department of Quality Management and Traffic Management, Ministry of Transport) has just announced a plan, in June 2022, the Ring Road 3 project in Ho Chi Minh City, section Tan Van – Nhon Trach will was commenced. This information makes the Nhon Trach real estate market to establish a new price level.

At the end of May, 2022, the Project Management Board of Investment and Construction of Traffic Works in Ho Chi Minh City, announced the auction land price where the Ring 3 project passes with the expected minimum of 15 million VND. /m2. This unit price does not include the cost of social and technical infrastructure investment.

With this valuation, adjacent projects with prime locations and complete infrastructure will have a sharp increase in prices. Through surveys, for example, the King Bay project is currently being sold by units at the price of 35-40 million VND/m2 and is forecasted to increase more strongly when the Ring 3 project is started.

Mr. Nguyen Van Vinh, living in Thu Duc City, Ho Chi Minh City said: “I consulted many projects in Nhon Trach and chose the King Bay Nhon Trach Urban Area project because here the infrastructure and legal system have been completed, many utilities and high profit potential because it is located at the foot of the bridge. Belt 3.

This project converges many outstanding advantages in the East area of ​​Ho Chi Minh City, the location is close to the front of Ring Road 3 and only one bridge from Ho Chi Minh City. The special rare and potential of the project is that it has a total area of ​​125 hectares but the construction density is less than 30%, has 3 sides facing the river, is oriented to ecological urban areas..

Also according to the Project Management Board of Investment and Construction of Traffic Works in Ho Chi Minh City, after the Ring 3 project was decided by the National Assembly on investment policy, the project implementation process along with the investment of roads connected with land plots along the project, potential advantages will increase and through the auction process the value of these lands will increase.

Many potential advantages, the outskirts of Ho Chi Minh City

Thu Duc City is adjacent to Nhon Trach, Dong Nai is only a river away from a river that has experienced growth for more than a year. In the old district 9 at this time, the land price has increased from 40-60 million VND/m2, there are prime locations 70-80 million VND/m2, the land fund has also narrowed.

With the advantage of being close to Thu Duc city, Nhon Trach is enjoying a series of rare advantages such as: Land price is cheaper than Thu Duc city, many infrastructure projects connecting Thu Duc city with Nhon Trach are implemented. , many large real estate corporations invest in Nhon Trach, has a fast urban development speed, has many industrial parks.

In particular, the key transport infrastructure projects being implemented are creating a driving force for Nhon Trach real estate development such as: Ring Road 3, Vanh Dai 3 Bridge connecting Nhon Trach and District 9, Ben Luc Expressway – Long Thanh connecting Can Gio and Nhon Trach district is about to be completed; Cat Lai Bridge…

According to the investor and developer of the King Bay Nhon Trach project, the drastically deployed transport infrastructure is the driving force for the Nhon Trach real estate market to welcome new waves, especially projects located in the city center. prime location, complete infrastructure, and the investor and project developer have supportive policies and are committed to bringing the value of a civilized, modern and comprehensive urban city.

King Bay project was implemented many years ago with the aspiration to bring a civilized and ecological city in the suburbs of Ho Chi Minh City and that has now come true.

Nhon Trach is likened to a bridge connecting two major economic centers, Ho Chi Minh City and Ba Ria – Vung Tau. This is also the gateway to connect the arterial traffic routes from developed cities.

Many investors consider Nhon Trach land to have even more potential than Bien Hoa or Long Thanh, and when infrastructure projects are started and completed, this place will become the focus of the real estate market. true to its inherent potential and advantages, bringing a lot of value to investors.