East Saigon district land prices increased by 40% year-end


In December, the average price of land routes located in District 2, 9, Thu Duc, Saigon east of escalation, the increase popularity 5-10%, the highest of more than 40% over the same period in 2015.  

The hottest area is East HCMC Vietnam Le Van routes recorded an increase of 42%, the price of land from the average 42 million milestone dong per m2 beginning of the year reached almost 59.47 million per m2.

Equally area is bustling Phu Huu rotation also noted a spike because many projects are coming up and a relatively complete infrastructure. The cause food price increases is said highway infrastructure under the HCM City - Long Thanh - Dau Giay. Go Cat routes increased by 34%, from 13 million dong per m2 jumped to 17.5 million per m2. Bung Mr Thoan up 30%, holding at 36.3 million dong per m2.

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Land prices are rising district heating HCMC East end of 2016. Photo:   Vu Le

Do Xuan Hop Street also recorded an increase of 30%, currently the average price of 52 million dong per m2. This is pretty much focused route large investors such as Khang Dien, Nam Long, Him Lam with the construction project progress as fast as Flora Anh Dao, Pudong, Gia Hoa residential area ... Less is more volatile Ha Noi Highway axis traverse sections Thu Duc district and district 9 have land prices increased by 16% due to this route are eating under construction Metro line speed.

East but also in the area near the center of Saigon over, District 2 land to rise despite constant prices went up during the week of December 2016, Luong Dinh's roads increased from 77.7 million recorded dong per m2 has exceeded 85 million per m2.

Mai Chi Tho road segments connected to the urban area Sala noted from 46.8 million dong per m2 soared 62.5 million per m2. The route passes through Metro District 2 with the number of projects are coming up pretty thick has gained in recent years continued to rise, the rise in the 5-10% range.

According to reports of land prices in HCM City's East Side company specializing in researching data Gachvang, price growth is remarkable region than other regions due to changes in the infrastructure here is continuously accelerated during time too. This unit forecasts, most likely in 2017 the area of ​​land prices continue to be a hot spot for new waves stronger price increases.

In May 10/2016, First Data has also published a report on the development of vibrant housing market in HCM City East area with the lead of 2 District 9, Thu Duc. First Data forecasts this sector will also likely be the focal point to attract the attention of investors and trading of real estate and real estate businesses in late 2016 and in 2017.