If you are thinking about investing in Ho Chi Minh City you’ve probably already heard about some popular areas with great potential including District 2, District 7, Binh Thanh District and District 1 (CBD). However, people rarely think about District 9 as a potential area for real estate investment when in fact, for a few years the district has been attracting major interest with some experts thinking it can surpass district 2 as an investment destination in the near future.
With the merge of District 2, District 9 and Thu Duc to form a mega district named “Thu Duc City”, the innovative city is sure to receive more investment attention than any other area in the city.
Advantages of Thu Duc City
The new Thu Duc City covers an area of 22,000 hectares and has a population of over 1 million habitants.
The district counts with some iconic landmarks such as the Saigon High Tech Park in District 9, the Vietnam National University in Thu Duc and the Thu Thiem Urban Area in District 2. Thu Duc City has the potential to contribute up to one-third of the city’s gross GDP.
Advantages of District 9
- Ideal Geographical Location in the city
- Consistent upgrades in infrastructure over the past few years
- Several projects will finish shortly including the metro line 1, Ring Road 3, and Long Thanh-Dau Giay Expressway.
- Close proximity to Saigon, Dong Nai and Tac River.
- Preferred location for logistics industry and warehouses
- D9 is the beneficiary of domestic and foreign investment funds such as the Phong Phu Textile Factory, Phu Huu Industrial Park, and Saigon High-Tech Park
- Many major universities have established campuses in the district.
Real Estate Value Growing
With the recent addition of Vinhomes Grand Park in District 9, the area has gained special interest amongst real estate investors (local & foreign).This mega project consists of 271 hecateres and is home to a plethora of amenties which includes international schools, international hospitals, shopping malls, offices, hotels, artificial lakes, parks and many more.
Masteri Centre Point, the newest luxury project from Masterise Homes is perfectly located within Vinhomes Grand Park, providing easy access to its residents to the entire living ecosystment built within this mega project as well as including its own facilities.
The new project is a compound situated directly in the Grand Park center, with ten towers designed in collaboration with some of the world’s leading, international-standard companies. It promises to raise the standard of living for high-end residents.
Experts, office workers, professors, lecturers, and university students leading the way toward transforming District 9 into the ‘Silicon Valley’ of Ho Chi Minh City will find themselves right at home here.
To sum up, in addition to its geographical advantages, upgrades in infrastructure and the recent addition of some mega-residential & commercial projects, District 9 will continue to gain a lot of attention from local and foreign real estate investors.
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