HISTORY OF INCREASE PRICES OF REAL ESTATE IN THU DUC CITY
As a key area for investment in transport infrastructure, Thu Duc is considered a “hot spot” for real estate investment, especially in the past few years – when Thu Duc moved to a city directly under Ho Chi Minh City.
The price increase of Thu Duc real estate in recent years
Currently, the asking price of real estate products in Thu Duc area is skyrocketing compared to the price in the area. This price has increased by about 2-3 times compared to 2019, and the number of price movements has not stopped. A project in District 2 has increased 15-20% compared to two months ago, the urban area of District 9 has a mansion of 300 billion VND per unit.
Specifically, in the area of District 2 adjacent to the old District 9, now Thu Duc City, another project announced the first phase from 350 million VND/m2 for commercial townhouses, if tax and fees are added. nearly 400 million VND/m2. While in December 2021, the asking price in this area is 270-300 million m2.
In March, 2022, the 27ha urban project in Long Thanh My ward was reserved with an expected selling price of VND 300 billion, land area of 350-1000m2, showing the highest offering for land houses in this area. ever.
According to a broker with 10 years of real estate consulting in this area, the primary market showed that the products in the region were about 20% higher than the end of 2021, even with products slightly higher than 30%. compared to the common ground. As for secondary products, prices have increased 25% year-on-year and 10% since the fourth quarter of 2021.
According to Savills, if 2-3 years ago, real estate in Thu Duc city was still priced at 40-50 million VND/m2, now that price has almost disappeared in the market.
Real estate is a place for long-term investors
While real estate in Thu Duc city is still on the uptrend due to many economic factors, infrastructure development, etc., this area still has a high-end riverside apartment project with prices from only 39 million VND/m2 – MT Eastmark City – rated as “unique” in current and future Thu Duc city.
With the land fund that was invested at a time when this area was still at a very good price, the project launched at this time is considered a “baby” in the real estate market, especially for those who want to buy a house, or invest in Thu Duc City. Owning a land fund early is considered a strategy of investors because real estate is a long-term “game”. With this vision and strategy, MT Eastmark City is currently a very hot project in the real estate market of Thu Duc City.
The project is located at Truong Luu Street, Long Truong Ward, Thu Duc City, Ho Chi Minh City and owns 3 street fronts, namely Ring Road 3, Lo Lu extending Truong Luu Street and Truong Luu Street branching through the project. MT Easstmark City is located adjacent to Thu Thiem Urban Area – the new financial center of Ho Chi Minh City and convenient to move to other areas. The project has apartments with a diverse area from 45-135m2, promoting construction quality, internal utilities and benefiting from external utilities, with the current price (phase 2) of only 39 million VND/m2.
If compared with the figures above, the current price of MT Eastmark City is the price of this area about 3-4 years ago and it is forecasted that after this time it will be difficult for a project to have a good price. like MT Eastmark City. A drawback, as well as an advantage for anyone who wants to own a good apartment to live or invest in, is that the infrastructure in this area is not yet complete. Therefore, projects with good prices, high profit margins and development potential of the area in the future can be invested in short and long-term strategies. With an affordable price, MT Eastmark City will definitely be the optimal, sustainable and safe choice for both investors and those wishing to settle down.