REAL ESTATE MARKET IN THAO DIEN HAS NEVEN COOLED DOWN

REAL ESTATE MARKET IN THAO DIEN HAS NEVEN COOLED DOWN

1. Brief information about Thao Dien area

1.1. Location

Thao Dien ward is a ward of the old district 2. After merging districts 2, 9 and Thu Duc to form Thu Duc city, Thao Dien ward is now also a part of Thu Duc city.

Thao Dien ward is located in the southwest of Thu Duc city. Bordering other areas in directions such as:

• Adjacent to An Phu ward in the east.
• Bordered by Binh Thanh District across the Saigon River boundary to the west and north.
• Bordered with An Phu and An Khanh wards to the south.

Thao Dien ward has an area of ​​3.75 km2 with a population of 8,559 people in the most recent year, with a population density of 2,282 people/km2.

Most of the bordering area of ​​Thao Dien ward is surrounded by the Saigon River. Looking at the map, it can be seen that Thao Dien is like a small peninsula that is both somewhat separate and closely linked with neighboring areas through the large Hanoi Highway.

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1.2. Establishment history

The 6th National Assembly took place on July 2, 1976, the Socialist Republic of Vietnam officially took the name Ho Chi Minh City instead of the old Saigon - Gia Dinh name. Ho Chi Minh City retains the whole Gia Dinh province and 11 districts of Saigon. Thao Dien ward at that time belonged to An Phu commune, Thu Duc district, Ho Chi Minh City.

On March 18, 1997, the City People's Committee issued a decision to establish District 2 on the basis of separating a part of Thu Duc district. From here, the wards of Thao Dien, Binh An, An Khanh, Thu Thiem, Cat Lai, Thanh My Loi, An Phu, Binh Khanh, An Loi Dong, Binh Trung Dong, Binh Trung Tay become wards of District 2.

Thao Dien used to be a low-lying area with wild plants and no traffic. However, with its convenience and said to be the land with good feng shui, after many years of renovation and development, Thao Dien has become a destination for many people, especially the rich.

1.3. Climate of Thao Dien area

In general, Thao Dien ward is located in the Southern region with a typical tropical climate with 2 seasons: the rainy season (from May to October) and the dry season (from November to April). Thanks to the surrounding Saigon River and dense green area, Thao Dien area has a lower temperature than the city center, bringing a fresh and airy atmosphere to the population living here. .

1.4. Terrain features

Due to its proximity to the river, most of the land in Thao Dien along the riverside has low terrain. The land elevation is 1-3m above sea level plus soft soil due to riverside alluvium, so many spots are flooded during high tide or heavy rain. The shortcomings of riverside terrain have been improved, investors renovate and build projects, local authorities plan, upgrade and build riverside roads and green parks.

2. Potential assessment

2.1. Current stage

Thao Dien area from the past few years has always been referred to as the "rich area". Thao Dien real estate market prospered thanks to the right planning and construction plan in accordance with natural conditions. This is one of the wards of District 2 with a suitable location to build high-class residential areas and houses in line with modern living trends. In recent years, the trend of green living has become a common trend of many people. Everyone is trying to find a friendly living environment and close to nature. Especially when living in a big city like Ho Chi Minh City, this trend becomes even stronger. Areas along rivers, lakes, with many green areas, ... are selected areas to build houses and form stable residential communities. High-end residential projects along the river in Thao Dien area now have a large number of people coming to live.

The economic development orientation of the eastern area of ​​Ho Chi Minh City has contributed significantly to the renovation process of Thao Dien ward. District 2 in general and Thao Dien ward in particular are undergoing significant changes. From an unspoiled agricultural land to the most developed economic area in the east of Ho Chi Minh City. Business activities in Thao Dien ward are busy and attract a large number of residents, business people, customers, ... to participate in trading activities here.

Thao Dien ward is adjacent to Hanoi Highway, right next to the area connecting the city center and the road to the suburban area via Saigon Bridge. The advantage of regional linkage also partly helps the real estate market in Thao Dien to increase its attractiveness. The Thao Dien area is certainly not a place completely separate from other areas in the east of Ho Chi Minh City. Traffic projects such as expanding Hanoi Highway, building a route connecting Nguyen Van Huong to Hanoi Highway, metro railway running through Thao Dien area, etc. The transport infrastructure system is gradually completed currently increasing the attraction for the real estate market in Thao Dien.

It can be said that Thao Dien area has all the factors of nature, society, economic orientation and traffic connection so that people who come to live and work in Thao Dien ward have a place to live and work for a long term and stable time.

2.2. Future potential

On the basis of current development, the real estate market in Thao Dien area in the future will aim for more stable development. The number of urban projects, high-class houses and riverside villas is densely invested and built. It shows that the market value in Thao Dien has never cooled down. In addition, the high-end real estate market is becoming an investment trend in Thao Dien area, which is considered an ideal investment destination because investors have many choices among projects. The projects here, plus the prestige of domestic and foreign investors, life utilities and infrastructure have created a sustainable market for any investor.

The land fund in Thao Dien area is increasingly shrinking due to the massive investment of many projects. In the next few years, when the development of Thao Dien area stabilizes, the investment battle will become more and more fiercing because the land fund is shrinking and investors all want to own properties. Real estate has a golden position left in the land of Thao Dien. In addition, Thao Dien ward is the intersection of many cultures, with a large foreign population. Create the standard living environment of the new era. In the future, this is an area that creates a close connection with the international market. Investment quality goes hand in hand with the quality of people coming to live.

3. Types of real estate in Thao Dien

Real estate in Thao Dien area stands out with many types of investment. The investment projects are suitable for both people who want to live and real estate investment buyers.

3.1. Residential real estate

For residential real estate, closed urban projects bring a trend of modern living standards. These projects create a different living environment and are far away from the hustle and bustle of the big city. At the same time, it also brings a fresh and quiet atmosphere thanks to its green-covered architecture and located near rivers and lakes. Residents in closed urban areas can enjoy a comfortable life thanks to the convenient services available within the urban area, while being able to access regional utilities at a distance of only a few kilometers. In addition, investors always focus on building living space in apartments with modern architecture with recognized construction quality. The modern-style architecture of many apartments in Thao Dien both creates a unique aesthetic and has specific functions to help save energy and create the most comfort possible for residents.

Thao Dien is considered as a livable area no less than Phu My Hung in District 7. The area has near-water natural conditions and fresh air, along with its location not far from the city center, which has made Thao Dien strong. It is a great attraction for anyone who desires a comfortable and trendy life. Thao Dien area is also commercial when many roads here such as Thao Dien street, Xuan Thuy street,... focus on business services of high-end brands in many fields. Living in this area, residents can easily access services and experience modern life, integrate international culture as well as raise their status to a new level.

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Popular types of housing

Types of housing in Thao Dien area are often invested in construction such as apartments, townhouses, detached villas, duplex villas. Each living space offers a different experience. These types of apartments all share the same characteristics that create the most comfort and convenience for people living in the apartment space. Especially in the riverside area of ​​Thao Dien ward, villa projects spring up like a resort paradise in the heart of the city. The apartments in Thao Dien not only provide a modern living space but also help residents have a place to relax at home after work.

Residential real estate in Thao Dien is evaluated as diverse types, large-scale projects with standard construction quality. Home buyers can also be assured of the market value in Thao Dien because it has stability and steady economic growth. Not to mention other areas of District 2 are also making strong progress. Therefore, investment activities in each area of ​​District 2 play a role in helping the whole district maintain its long-term market value. When the homeowner has a need to resell, the value will not have a significant difference in the future.

3.2. Investment real estate

For investment real estate in Thao Dien area, investors focus on products that are easy to profit and easy to find customers. So there are many factors affecting the choice of real estate investors when investing. Popular types of investment are usually high-class housing projects such as apartments, townhouses, riverside villas, shophouses, officetels, etc. Real estate products must possess profit potential and show the long-term vision of the investor.

The specific characteristics of each type of investment real estate are as follows:

• Apartment: built on a large area of ​​land with synchronously built infrastructure. Products for sale include 1BR-2BR apartments, studio, duplex, penthouse, officetel. Each floor has the number of apartments depending on the floor area but still ensures the width and does not compress the space. The apartment consists of basements, commercial floors, apartment floors, rooftops with swimming pools and outdoor areas. The apartments are loved by investors because of their competitiveness in the market, easy to find customers, guaranteed profit and preferential sales policy from the investor.
• Townhouses, villas, shophouses: usually located in closed urban projects with diverse and separate utilities such as schools, commercial centers, green parks, landscape lakes, training grounds, etc. .. These projects provide a variety of products to attract investors with different needs. They can invest in surfing, investing in rentals,... These real estate products are all in the high-end segment built in a large campus from a few hectares. Closed projects attract investment because of the green living trend, projects in Thao Dien are currently invested in an approach that is easily accessible to most of the city's needs.
• Villas: the project provides villas located next to the river, high-class garden villas, ... considered a type of investment with high value and unique. The villas in Thao Dien are no longer strange to many people because of their luxury and self-contained. Villa projects have become a magnet for investors in the Thao Dien area because this is the destination of the rich, who have good finances and enjoy a lifestyle.

4. Potential real estate investment group

4.1. Apartment for rent  in Thao Dien

Reason for development: Thao Dien area is the busiest area in District 2 with diverse cultures because the population is mostly foreigners from Korea, China, America,... Living here brings many wonderful experiences to people living here. Especially young people have the opportunity to integrate into a dynamic life, job opportunities and absorb new knowledge. In addition, this area has many international schools that many families with children want a quality educational environment and international standard curriculum. Large commercial areas, riverside parks, culinary restaurants, cafes, ... are all favorite entertainment and relaxation places present in many places in Thao Dien. For these reasons, Thao Dien area is always the desired destination of many people. However, instead of looking to buy and own a house for themselves, many people choose to rent a whole house in District 2 with full amenities, utilities and suitable for personal financial resources.

Advantages of apartments for rent: renters have many options from apartments, townhouses, studio apartments,... Renting a house in housing projects is trusted by factors such as location, security, utilities, housing quality, management unit, etc. Tenants in the projects can use local utilities quickly and conveniently, without having to move far away from the urban area except for commute time. The regional connectivity of Thao Dien ward is gradually being enhanced thanks to the plans to build, upgrade and expand the road, creating a close connection for the whole Thao Dien area and with neighboring wards and districts. In addition, the area and rent in Thao Dien area are diverse, tenants choose a house with a large enough space to suit the number of people and personal financial ability.

4.2. Premises for lease in Thao Dien

The market of leasing premises in Thao Dien District 2 flourished thanks to the development of business activities here. The demand for services, shopping for goods, places to eat, and entertainment promotes the potential for premises in Thao Dien. Currently, Thao Dien area has many dining and entertainment venues known to young people, through social networks and the reputation of Thao Dien area has turned this place into a new attractive service area no less than the district. 1. Business people renting Thao Dien premises in District 2 said that the most popular business form is restaurants and eateries with unique culinary styles that not only attract young people but also foreigners to live in Thao Dien.

The premises for rent in Thao Dien are diverse from kiosks, cheap small premises to high-end such as shophouse. Business people choose the location and type of premises suitable to their products, services and business scale. In addition, the office leasing service of Thao Dien District 2 is equally developed. Direct businesses may have an office near the store for easy management. The market for leasing premises in Thao Dien district 2 is still heating up thanks to the stability of the population group and the sustainable development of economic activities in the east of the city. In Thao Dien ward, business space leasing is increasingly expanding in many internal roads such as Thao Dien, Xuan Thuy, Quoc Huong, Nguyen Van Huong, etc. .

Doing business in Thao Dien brings many benefits to business people. Thao Dien is an area populated by rich people and foreigners. In addition to Vietnamese, foreigners also open business in this area. Therefore, this is considered an opportunity to integrate and learn how to do business from people from other countries. On the other hand, doing business in Thao Dien also brings strong competition. The developed area requires business establishments to meet product quality for the best customer experience. Therefore, business activities need to attract customers and retain them. With that, the process of integration and development of that business establishment will be more favorable.

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4.3. Villa for rent in Thao Dien

The high-end real estate market in Thao Dien blooms with luxury villa projects, invested by professional and reputable investors in the real estate field. With a preferential sales policy and a commitment to long-term profits, villa projects in Thao Dien are an attractive investment channel. Villas for rent are also welcome. Many people prefer to rent villas to have a luxurious life rather than owning. Moreover, Thao Dien is known as the rich area, so it is attractive to the rich. But not every rich person wants to own a villa here, they just want to experience life in the most prosperous development area in the east.

In addition, renting a villa to live in will help that person have an enjoyable life without the burden of responsibilities such as legal issues, quality of housing, more efficient use of personal finance, etc. To own a real estate asset of great value such as a villa requires a finance of several tens of billions of dong. Instead of buying and owning, Thao Dien villa for rent is a more popular choice when tenants want to save capital for other investment plans. Thus, they can both live in a luxurious space with only a few tens of millions of dong per month and have financial freedom to develop their work. Legal issues when owning real estate will take a certain amount of time and that is the reason many people refuse to buy and own a villa. For villas in the project, having a management unit will help reduce problems such as maintenance and repair of damage inside the villa.

Investment and sale of Thao Dien villas took place excitingly. Newly built villa areas are ideal investment destinations because of the advantages of location, scale, regional utilities and traffic connections. Prominent villa projects in Thao Dien such as Thao Dien Green project, Holm villa, Eden villa, etc. create high-class housing projects and are the highlight of the whole area. Investors who intend to invest in buying and selling Thao Dien villas in District 2 need to find out information about the project, find and buy Thao Dien villas in District 2 with a reputable investor, transparent legal, convenient location and convenient location and committed to long-term profits.