District 7 is the symbolic destination of the most modern, civilized and advanced lifestyle in the city. Ho Chi Minh City, by default, is a living area reserved for the rich and people with high incomes, forming a high-class civilized residential community.
There's a noticeable decline in supply as the amount of "clean" land in the city's central districts gets smaller. Also, the Committee of the City People. The process of getting permission to construct new apartment buildings and homes in Ho Chi Minh City is becoming more stringent, which is making it harder to enter the real estate market in the city.
Businesses involved in real estate are gradually moving to provinces and suburban areas that are close to cities. HCM will create an investment in real estate. District 7, the center of the land fund in the South, has turned into a "gold mine" with enticing potential for price hikes due to a lack of supply from new projects and a rise in customer demand.
Projects like Sunshine City Saigon, Sunrise City, Eco Green Saigon, Senturia Nam Sai Gon, Oakwood Residence Saigon, Sunshine Diamond River, Boulevard, The Peak – Phu My Hung Midtown, and many more are easily seen in the prospective District 7 real estate market.
Because it better utilizes these elements, leading industry experts believe that the District 7 real estate market will continue to become the center of the city's real estate market and eventually turn into a "diamond" real estate location. will inevitably raise real estate's value.
The presence of the Phu My Hung model urban area - known as "miniature Singapore in Vietnam", District 7 not only changed a completely new look but also gradually developed into a bustling development area. Saigon's top tourist destination and has become a destination that attracts a large number of high-class customers who want to own a modern life and enjoy an ideal living space.
Experts say that infrastructure is the deciding factor in appearance and is the "push" that causes real estate prices in this Southern area to maintain a stable growth momentum over the past many years.
In the South, a number of infrastructure projects have been completed or are currently in progress. More than 5 billion USD in investment funds were given to this area in 2018 alone to develop a number of projects, including the construction of the Thu Thiem 4 bridge connecting District 7 and District 2, the expansion of Huynh Tan Phat street to a length of 30 meters, the construction of an underground tunnel and overpass system at the intersection of Nguyen Van Linh and Nguyen Huu Tho, and the Metro Line No. 4 project, which will cost more than 97,000 billion VND.
According to CBRE, the average absorption rate of new projects offered for sale in the market in the South of Ho Chi Minh City is usually about 75-80%, but some projects with different values achieve outstandingly high rates.
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