As skyscraper homes rise in the city of two names, urban metro lines are also in full speed ahead.
Vietnam is improving infrastructure to transform the city and to have a more competitive economy. One remarkable project on the works is the first Ho Chi Minh metro rail system. Despite the previous delays, mass transportation will soon to have an impact on the property market.
Developers can look forward to the increase and surge of the property sale price. Real estate investors can expect a higher return too because of its property value – premium houses and condos near public transportation.
In fact, according to CBRE, once the Ho Chi Minh metro rail becomes operational, real estate properties near and within a 10-minute walk distance from the stations will worth 10% to 20% higher than other residential or commercial properties.
The Ho Chi Minh metro line is set to have six routes. Line 1 will start at Ben Thanh in the central area until Suoi Tien in District 9. Line 2 will run between Ben Thanh Market to Tham Luong. Then Line 3 will end at Bin Tan District. As for Line 4, it will start from Lang Cha Ca and will end at Van Thanh Park. Line 5 will stretch from District 8 to District 2. While Line 6 will operate from Ba Queo to Phu Lam.
To real estate investors who are searching for prime Vietnam properties, here are condos for sale close to the metro rail routes.
Vinhomes Golden River
A prestigious residential complex that sits beside the Saigon River.
The Grand Manhattan
39-storey condo development in District 1. The world-class project of Novaland has 2 to 3-bedroom types with an area of 68.04 square metres to 97.38 square metres.
Freehold apartment that offers a magnificent overlooking view of Saigon and features an Olympic-size swimming pool.