NOVEMBER 2021 LATEST UPDATES ON REAL ESTATE MARKET IN DISTRICT 2

The lasted updates in november 2021 on the real estate market in district 2

1. General development situation

District 2 is known as the most vibrant and powerful development area in the eastern of Ho Chi Minh City.

Economically, this is an area that is oriented to become the new financial center of Ho Chi Minh City, an important part of the creative city and a driving force for the overall development of the whole region. Economic activities in the field of trade - services - finance are focused on investment and development. Not only in the country but the locality also calls for foreign investment capital. In addition, focus on training domestic human resources with high skills and expertise.

Socially, the quality of life of people in District 2 has been improved. Employment, housing, income, education, security, etc. have all developed stably. Economic development brings job opportunities for workers and business opportunities for establishment owners who have an existing business premises or a suitable business plan. In addition, regional infrastructure is built such as upgrading and expanding key roads, highways, intersections, bridges, etc., creating favorable conditions for circulation and transportation activities internally and inter-regional loads.

The development in all aspects of District 2 has created opportunities for the real estate market here with the presence of large projects from reputable investment groups at home and abroad. Bringing quality real estate products to attract investors and create new residential communities in many areas of District 2. Typically the areas of Thao Dien, Thu Thiem, Diamond Island,...

2. Transaction price by area in District 2

House prices in District 2 are still increasing slightly during this time, averaging at 68 million/m2. For front houses, the price of houses in District 2 has a transaction level of 165 million VND per square meter. In contrast, the apartments located in the alley cost only 54 million/m2. As follows:

• Front house, townhouse: transaction price is 192 million/m2
• The apartment costs about 70 million/m2
• Prices of houses in the alley range from q15 million/m2
• Land plot priced from 101 million/m2

House prices in District 2 according to the specific street are as follows:

• House price on Nguyen Co Thach street in An Khanh ward is 160 million/m2.
• House price on An Phu street in An Phu ward is at 47.8 million/m2.
• House price in District 2 at Bui Ta Han Street in An Phu Ward is at 199 million/m2.
• House price in District 2 at 14th Street in An Phu Ward is 190 million/m2.
• House price on Giang Van Minh street in An Phu ward is at 173 million/m2.
• House price in District 2 at Luong Dinh Cua Street in An Phu Ward is 45.9 million/m2.
• House price in District 2 at Nguyen Thi Dinh Street in An Phu Ward is 75.4 million/m2.
• House price in District 2 at Lien Tinh Lo 25B in Thach My Loi ward is up to 247 million/m2.

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• House price in District 2 at Phan Van Dang street in Thach My Loi ward is 71.4 million/m2.
• House price on Truong Van Bang street in Thach My Loi ward is at 57.9 million/m2.
• The price of Thao Dien townhouse on street 1 is at 205 million/m2.
• The price of Thao Dien townhouse on 11th street is at 84.8 million/m2.
• The price of Thao Dien townhouse on street 41 is at 200 million/m2.
• The price of Thao Dien townhouse on 64th street is at 129 million/m2.
• The price of Thao Dien townhouse on Route 66 is 87.1 million/m2.
• The price of Thao Dien townhouse on street 9 is 79.2 million/m2.
• The price of Thao Dien townhouse on Le Van Mien street is at 229 million/m2.
• The price of Thao Dien townhouse on Nguyen U Di street is at 142 million/m2.
• The price of Thao Dien townhouse on Nguyen Van Huong street is at 156 million/m2.
• The price of Thao Dien townhouse on Quoc Huong street is at 135 million/m2.
• The price of Thao Dien townhouse on Thao Dien street is at 159 million/m2.
• The price of Thao Dien townhouse on Hanoi Highway is at 63.8 million/m2.
• The price of Thao Dien townhouse on Xuan Thuy street is at 257 million/m2.
• The price of houses on Vong Cung Avenue in Thu Thiem ward is at 135 million/m2.

3. Potential for future development

Thanks to the natural conditions surrounded by rivers in line with modern living trends and close traffic connections with neighboring areas, the real estate market value is always high and increasing day by day. The steady development and outstanding growth have created a huge competitive advantage of District 2 compared to other areas such as District 1 or District 7. In the future, District 2 in particular and the area to the eastern of Ho Chi Minh City in general will be a key area promoting all aspects of development in the whole city.

District 2 owns high-class and quality real estate projects with the goal of creating a modern, integrated and sustainable city. With the participation of many big names in the real estate field, the urban face of District 2 has changed markedly. From an agricultural and abandoned land, it has become an expensive area sought by the upper class. In the next few years, District 2 will be home to a large number of high-class residents and foreigners, becoming the second most livable place in Ho Chi Minh City in particular and the southern region in general.

>>>>> Villa for rent in Thao Dien district 2

4. Why should you own real estate in District 2 now?

Following the momentum of development and price increase since renovation, real estate values in District 2 are constantly increasing and some areas have reached several hundred million per square meter of land. Today's visionary investors have owned high-value real estate products in this area many years ago. Up to now, they have owned an asset of billions of dong with a profit several dozen times higher than their capital investment. According to the current situation and experts' predictions, real estate values in District 2 still have potential to increase. Therefore, instead of hesitating, investors should choose suitable and quality projects from reputable corporations to seek opportunities to get rich from now on.