At the seminar held by Investors this morning (April 16), PhD. Le Do Muoi, Director of the Institute of Transportation Strategy and Development (Ministry of Transport) said that the planning information of Ho Chi Minh City such as Thu Duc, the coastal city of Can Gio and many arterial highways at Ho Chi Minh City is proposed to cause local land fever. This also makes land prices difficult to control, investors are at high risk.
On a broader level, Mr. Muoi said that the recent “land fever” in the country mostly comes from unclear information about the project or planning. Therefore, before making an investment, investors need to thoroughly understand local planning information, real estate legal, and real use value of land. Investment in real estate development in some provinces where the project is not suitable for planning, investors need to carefully consider before deciding to invest.
Regional planning of Ho Chi Minh City to 2030, with a vision to 2050 including the entire administrative boundaries of Ho Chi Minh City and 7 neighboring provinces, namely Ba Ria – Vung Tau, Binh Duong, Binh Phuoc, Tay Ninh, Long An, Dong Nai, Tien Giang. . The area of the whole area is over 30,400 km2 with urban construction land of about 290,000 ha by 2030.
The spatial structure of Ho Chi Minh City is planned to include the central urban sub-region (including HCMC and the surrounding areas of Long An, Binh Duong and Dong Nai provinces); the eastern sub-region (including the provinces of Dong Nai and Ba Ria – Vung Tau); the North-Northwest sub-region (including Binh Phuoc, Tay Ninh and the North of Binh Duong province); southwest sub-region (including Tien Giang province and part of Long An province).
|Regional planning of Ho Chi Minh City to 2030, with a vision to 2050.|
Mr. Muoi pointed out one of the core points in the development strategy of Ho Chi Minh City is to develop satellite urban areas according to the goal of a multi-center urban urban area. In particular, areas such as Dong Nai, Ba Ria – Vung Tau will gradually form new potential and attractive urban centers in the trend of urban population relaxation. The development of connected traffic creates momentum for the real estate market of Ho Chi Minh City and neighboring provinces to benefit in a sustainable direction. In particular, the connected transport infrastructure has created a regional link not only in the industrial and agricultural sectors, but also in the real estate market to benefit first.
Also according to Mr. Muoi, in 2010, when Ho Chi Minh City – Long Thanh – Dau Giay – Phan Thiet Expressway and Hanoi Highway, and in the near future there are big projects such as Long Thanh airport, Cat Lai bridge north from Ho Chi Minh City. Nhon Trach district, Dong Nai province made the suburban market immediately thrive. The projects are always located adjacent to the territory of Ho Chi Minh City and especially the projects that adhere to the transport infrastructure connecting with Ho Chi Minh City. In Di An (Binh Duong), the real estate market has grown rapidly when this area is adjacent and conveniently connected to Ho Chi Minh City via Pham Van Dong, National Highway 1.
Similarly, as the gateway connecting Ho Chi Minh City – Southwestern, the real estate market in areas bordering Ho Chi Minh City in Long An province has also increased rapidly with construction investment and putting into operation. Ho Chi Minh City – Trung Luong expressways, expanding Highway 22, NH1, Le Trong Tan, Truong Chinh.
However, Mr. Muoi acknowledged that at present, urban development is concentrated mainly in the eastern sub-region while other sub-regions have less investment attraction, leading to an imbalance. Therefore, in addition to the construction of traffic connection infrastructure, there should be policies to attract investment and development synchronously in areas in Ho Chi Minh City to ensure the implementation of planning.
Source: ndh.vn – Translated by fintel.vn