View of the real estate market in District 2, Ho Chi Minh City

Taking a look at the projects in Ho Chi Minh City, the strong development of projects in District 2 has been and being an extremely dynamic market. This article will provide you detail views about the real estate market in District 2.

District 2 – A “fertile” land

District 2 – A developing and famous area is a place that foreigners and experts has chosen to live for a long time thanks to outstanding and appropriate points as below:

Not too crowded
From 7 – 15 minutes to District 1, being absolutely convenient
Full of utilities, comforts, luxury restaurants for foreigners
Adjacent to Thao Dien Area where is a famous center to exchange and develop numerous products towards foreigners
Commercial and shopping centers are not expensive; many choices – having 5 big places to shop from food to essential items
Gathering large companies about amazing house interior and decoration which is suitable with foreigners
Expressways, especially without traffic jams
In addition, there is the Metro line connecting District 1, District 9 and Thu Duc City.
Being an area with a series of international schools for their children.

An ideal place to live — District 2 – A developing and famous area with outstanding advantages

The potential of real estate market in District 2 is very high

HCMC has merged 3 districts, namely District 2, District 9 and Thu Duc District, to form Thu Duc City. This city is developed in the direction of an innovation technology city where attracts multi-national technology groups to expand production. As a result, the requirement of apartments and houses towards foreigners and experts will constantly increase in District 2.

Especially, District 2 is adjacent to the central areas, owning the most beautiful location of Eastern area of Saigon:

Adjacent to 6 big districts, namely District 1, District 7, District 9, District 4, Binh Thanh District and Thu Duc District
And the gateway to the East is Southeast provinces such as: Dong Nai, Binh Duong, Vung Tau.

Being a link among areas, therefore, District 2 is considered as the pearl of the East of Saigon. Consequently, it possesses a special attraction of domestic and foreign investors.

In terms of the infrastructure, District 2 area is continuously expanded. Specifically, important roads are deployed such as Song Hanh Street, Ring Road 2 and expanded such as Nguyen Duy Trinh Street, Lien Phuong Street,…

Additionally, District 2 also owns large rivers. The river view specially attracts and brings many values for the real estate market in District 2:

Phu My Bridge connecting District 2 and District 7
Rach Chiec Bridge connecting District 2 and District 9
Sai Gon Bridge connecting District 2 and Binh Thanh District
And developing Thu Thiem Bridge no. 2, 3, 4; Cat Lai Bridge, Binh Quoi – Rach Chiec Bridge, Binh Quoi – Thao Dien Bridge.

Thu Duc City – An innovation technology city in the East of Saigon

The advantages of District 2 market about luxury apartments

Currently, the supply is less than the demand. Moreover, the percentage of apartments allowed to be sold to foreigners is limited, about 30% of a building. Thus, the investment competition is higher and higher. However, that is not the reason so that the selling price becomes differential and unreasonable. The reasonableness and guarantee about price in apartments is truly a factor that attracts a large number of foreign investors.

District 2 has a significant attraction towards investors and is also very convenient for residents because of its beautiful location, advantageous transportation, easy-moving, green environment, utilities, services, schools, hospitals, administrative offices,…

The living standard of people in District 2 is also quite high. Therefore, it creates a diversified residential community with the middle and upper classes, building an intellectual and wholesome environment.

The synchronous planning of Thu Duc City has contributed to the dynamic development of the real estate market in District 2 and is a destination of foreign experts.

District 2 - An green land with a series of luxury projects — District 2 – A green land with a series of luxury projects

How is the selling price of projects in District 2?

Recently, the government has concentrated on investing and developing the infrastructure. Consequently, the housing price in District 2 continuously increases from 20-60%, the lowest price is 70-80 million/m2. There are some apartments with the price from 140-150 million/m2.

At present time, the selling price constantly increases with high-class projects such as The Metropole, The River, Empire City, Lumier Riverside,…. Even towards apartments under construction or handed over.

With the synchronization in terms of planning as well as infrastructure and area utilities, District 2 deserves to be the most worthy place to invest in HCMC. Despite of the potential as well as quality, District 2 is one of the areas having an ocean of projects with the most prestigious and reliable investors.

The period from 2021 to 2025 is an opportunity period so that investors join in the real estate market in District 2 in particular and HCMC in general. We, real estate consultants in Ho Chi Minh, Vietnam will be the reliable address to provide important, quick and accurate information to foreign investment customers.