While Ho Chi Minh City’s District 2 is well-established with completed infrastructure, its District 9 has been attracting major interest and investment for the past few years, setting it up to potentially be even more impressive than its predecessor.
As Thu Duc District merges with District 2 and District 9, the innovative city is sure to receive more investment and attention than anywhere else in Ho Chi Minh City.
District 9, a convergence of favorable factors
Once District 2, District 9, and Thu Duc District are officially combined, the new city will have an area of more than 22,000 hectares and a population of over 1.1 million.
With Saigon High-Tech Park in District 9, the Vietnam National University-Ho Chi Minh City in Thu Duc District, and Thu Thiem New Urban Area in District 2, Thu Duc City has the potential to contribute up to one-third of Ho Chi Minh City's gross domestic product (GDP).
So, why was this area chosen to lead Ho Chi Minh City into the future?
|District 9 is even more attractive with the addition of Vinhomes Grand Park.|
First, District 9 boasts an ideal geographical location.
It sits at the southeast's center, and the surrounding infrastructure has seen sufficient investment and upgrades in recent years.
Several such projects will finish shortly, including metro line 1, running from Ben Thanh Market to Suoi Tien; Ring Road 3; and Long Thanh–Dau Giay Expressway.
Furthermore, the area's proximity to the Saigon, Dong Nai, and Tac Rivers has allowed water transportation development to thrive.
This incredible location makes District 9 the preferred home of the burgeoning logistics industry, particularly as the world moves toward online shopping, necessitating the establishment of sizeable warehouses in the area.
Secondly, District 9 is the beneficiary of significant domestic and foreign investment funds, among which are Phong Phu Textile Factory, Phu Huu Industrial Park, and Saigon High-Tech Park.
Educational facilities have also chosen District 9 as their headquarters, including the Vietnam National University-Ho Chi Minh City campus and several other major universities.
Thirdly, the area is home to various subdivisions, such as Thu Thiem New Urban Area.
The Rach Chiec Sports & Wellness Center also elevates the region, adding to the convenience of residents' lifestyles.
Real estate value increases exponentially
With many competitive advantages in terms of location, the appeal of District 9 is greater thanks to the addition of Vinhomes Grand Park.
This smart city of 271 hectares is home to many amenities and conveniences, including Vinmec International Hospital, Vinschool school system, the largest Vincom megamall commercial center in the south, a 45-story office tower, The Manhattan Glory Marina, a light park, an artificial lake, and more.
|Masteri Centre Point inherits the entire facilities ecosystem of the megadevelopment while maintaining its own set of exclusive amenities.|
Masteri Centre Point, the newest high-end project from Masterise Homes is located in the most strategic location in the metropolitan area, providing easy access to the entire ecosystem of facilities in the megadevelopment, as well as adding exclusive facilities of its own.
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.
In the next two years, as land in the central districts becomes denser and increasingly limited and real estate prices in District 2 continue to escalate, projects in District 9 will become more and more attractive to investors and homebuyers.
By that time, Vinhomes Grand Park, with its ecosystem of schools, hospitals, office towers, and more, will have been completed, while transportation systems in District 9 and Thu Duc District will have come into operation.
At the same time, Masteri Centre Point will be completed and be handed over to the proud owners, just as the area's value increases beyond measure.