Ecological urban projects account for the largest percentage of property supply in the east of HCMC due to diverse products, potential and rich living experience. 

Leading position

Eastern Ho Chi Minh City (HCMC) has for years taken the lead in regional real estate supply and demand. As infrastructure is increasingly developed, the trend of overspill moving to satellite cities has expanded the scope of the real estate market. A series of large-scale projects and reputable investors have brought quality supply with a variety of products to the market.

A report by DKRA Vietnam noted in the first quarter, townhouses and villas were the only segment with growth in supply in HCMC and surrounding areas.

There were nine projects opening for sale, providing 2,000 products. Satellite towns in the east of the HCMC were dominant in supply, accounting for 81 percent of the total number of new products sold.

The segment of townhouses in the inner city and other neighboring areas like Long An, Ba Ria - Vung Tau, Binh Duong is insignificant.

Aqua City is being developed as a smart, eco-friendly housing project.
Photo by Novaland.

On the other hand, dynamic infrastructure has made the eastern area additionally attractive, with strong public investment across HCMC and surrounding areas.

Some key national projects include Ho Chi Minh City - Long Thanh - Dau Giay Expressway; the Dau Giay - Phan Thiet expressway, the 2nd and 3rd ring roads; Long Thanh International Airport.

It is estimated that HCMC needs VND300 trillion ($12.92 billion) over the next 10 years to develop transport infrastructure and turn the east into a smart city. A series of other key projects have also been implemented like Vam Cai Sut Bridge, Huong Lo 2 road connecting Bien Hoa and HCMC, significantly shortening the travel time between both cities.

DKRA also found market demand in the first quarter increased over the same quarter last year. Investors have been switching from townhouses and villas in HCMC to neighboring provinces. This stems from land shortage in the center of the city, abundant land in adjacent areas, and reasonable selling prices. Ecological urban real estate projects developed by reputable investors, full-equipped utilities, and superior sales strategies have drawn great attention from investors.

Opportunities for agile investors

While the center of HCMC lacks funding, satellites in the east of HCMC are forecast to become attractive in the coming time, with capital pouring into infrastructure. Additionally, smart urban planning of Thu Duc City and the development of utilities for urbanization like healthcare, education, shopping, entertainment... will promote the real estate value of eastern HCMC and satellite cities.

Besides, real estate businesses operating in satellite cities creates opportunities and growth potential for the area. Novaland, for instance, has developed Aqua City, a 1,000 hectare eco-smart city bordered by the river, with complete utilities including education, healthcare, sports, entertainment, shopping...

In the past two years, this urban area has launched several subdivisions with thousands of real estate products, such as townhouses, villas, and shophouses.

"The project has a great location, well-connected infrastructure to HCMC center, especially large green spaces and fresh air," Do Hoang Phuong, an investor visiting the project, said. She was looking for investment opportunities when Phoenix-Aqua City was launched.

"I trust in Novaland’s reputation and decided to invest as soon as the project was released. Along with well-connected infrastructure, ideal green space, and multi-use facilities, progress of the project is well guaranteed," said Nhat, who invested in Aqua City in 2019.

Aqua City offers green space and multi-use facilities. Photo by Novaland.

To help investors optimize their profitability, the project offers a series of incentives, including a discount of up to 5 percent of the value of the project for homebuyers with bank loans.

Aqua City is expected to become a model sustainable urban area in the east of HCMC. The JLL report also noted properties with a high ESG (environmental, social and corporate governance) rating can see rental fees increase by up to 33 percent compared to properties without "green" certification. The large-scale, diverse and world-class facilities ensure a bustling residential community for the future, thereby contributing to the sustainable growth of Aqua City.

For more information, visit the website: https://aquacity.com.vn/

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