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On average, the price of luxury apartments in the East of Saigon in the period 2017 to 2019 has increased by 45% on average.

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That is the updated statistics in a market report of Batdongsan.com.vn. This is considered to have the strongest rise in real estate prices in Ho Chi Minh City in recent years, especially in District 2.

Statistics show that, in the first quarter of 2017, the average apartment price in this area was about VND 29 million / m2 by the fourth quarter of 2018, increased to VND 38 million / m2 and reached VND 41 million / m2 in the fourth quarter of 2019.

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High-end apartment prices of some projects in District 2. Source: Batdongsan.com.vn

The East region is the area that has been investing the most in transport infrastructure, along with the information on the establishment of Thu Duc City on the basis of the merger of District 2, District 9 and Thu Duc District. Out of these 3 districts, luxury apartments in District 2 have the highest price level and are also the area with the highest apartment price growth rate of about 15% per year, 7-9% higher than the whole city. .

Also according to Batdongsan.com.vn, Thu Thiem is the place where high-end apartment prices have skyrocketed over the past 3 years. From an average of about 40 million VND / m2 in 2017, to the second quarter of 2018 it is 58 million VND / m2, especially a 2-fold increase by the end of 2019, ranging from 80-120 million VND / m2.

For example, the price of an apartment in Diamond Island in 2017 was about 58-60 million VND / m2, now it increases to about 127 million VND / m2. Similar to another project in Thanh My Loi area, the secondary price in early 2017 was only 40 million VND / m2, by 2019 the price increased to 57 million VND / m2.

In District 9 and Thu Duc, the price of luxury apartments is lower than in District 2, but according to Batdongsan.com.vn, the average price level has also increased by about 30-50% in the past 3 years. Currently, the price of high-end apartments in this area ranges from 40-45 million / m2.

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Apartment prices in some projects in District 9 and Thu Duc. Source: Batdongsan.com.vn

According to some real estate experts, the reason real estate in East Saigon in general and luxury apartments in particular has grown rapidly over the past few years, is because this area has been and is being heavily invested. in terms of transport infrastructure, urban development is outstanding. Since 2010, the city has deployed 216 major transport projects with a total investment of 350,000 billion VND, of which 7)% of projects connecting with the East such as Hanoi Highway Expand, Ho Chi Minh City Expressway – Long Thanh – Dau Giay, Metro Ben Thanh – Suoi Tien, My Thuy intersection, bridge crossing Kim Cuong island, …

The real estate market in this area will continue to dynamically develop and grow in the future when it is announced that Thu Duc City is established with the merger of District 2, District 9 and Thu Duc District. According to Batdongsan.com.vn, large planning projects are the driving force for real estate in the East of Ho Chi Minh City to continue to grow. Some real estate projects are planning to sell to the market, and investors are expected to continue to increase their prices by 5-10% in the upcoming sale.

Currently, some apartment projects along the roads of Dong Van Cong and Ha Noi Highway tend to increase from 300-400 million VND per apartment compared to the beginning of 2019. Many apartments have a starting price of 30-35 million VND. / m2 in 2019, now it will increase to 37-40 million / m2.

Theo Nhịp sống kinh tế



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