EXPANDING SCOPE OF HCMC: SATELLITE REAL ESTATE MARKET MAKE MORE OPPORTUNITIES
The expanded Ho Chi Minh City area was announced by the Prime Minister in January 2018, covering the entire administrative boundary of Ho Chi Minh City and 7 neighboring provinces of Ba Ria – Vung Tau, Binh Duong, Binh Phuoc and Western. Ninh, Long An, Dong Nai and Tien Giang. The total area of the region is about 30,404 km2. This is a great opportunity for the development of the real estate market.
The regional planning of Ho Chi Minh City expands, creating opportunities for the real estate market to be divided equally among provinces
Opportunities are clear
As planned, the central urban sub-region will include Ho Chi Minh City and its surrounding areas in the provinces of Long An, Binh Duong and Dong Nai. In particular, the Eastern subregion includes the provinces of Dong Nai and Ba Ria – Vung Tau.
The Northern-Northwest sub-region includes the provinces of Binh Phuoc, Tay Ninh and the northern part of Binh Duong province. The southwest sub-region includes the provinces of Tien Giang and Long An.
Sub-regions are also divided into key economic corridors. In particular, the southeast corridor along Highway 51, including the urban chain of Phu My, Ba Ria, Vung Tau (Ba Ria – Vung Tau province); of which, TP. Vung Tau and TP. Ba Ria is the growth pole.
The eastern corridor along Highway 1 includes the chain of urban centers of Dau Giay, Long Khanh and Gia Ray (Dong Nai), of which, Long Khanh urban area is the most growth.
The northern corridor axis along Highway 13, including the chain of urban areas of Bau Bang (Binh Duong), Chon Thanh, Binh Long, Hoa Lu – Loc Ninh, Dong Xoai (Binh Phuoc), the growth pole is Chon Thanh urban.
The axis of the southwest corridor along National Highway 1 is a series of urban centers of Ben Luc, Tan An (Long An), My Tho and Cai Lay (Tien Giang); of which, TP. Tan An – TP. My Tho is a growth pole.
Subregions will thrive on each objective. Accordingly, the central urban sub-region including Ho Chi Minh City and its surrounding areas are districts, cities, towns of Duc Hoa, Can Giuoc and Ben Luc (Long An); Thu Dau Mot, Di An, Thuan An, Ben Cat and Tan Uyen (Binh Duong); Bien Hoa, Nhon Trach, Trang Bom, Long Thanh and part of Vinh Cuu district (Dong Nai). Ho Chi Minh City will be the central nuclear urban area of the city. Binh Duong is the northern dynamic city and city. Bien Hoa – Long Thanh – Nhon Trach is the eastern dynamic urban area. Cu Chi – Hau Nghia – Duc Hoa urban areas are dynamic cities in the Northwest region. The urban centers of Ben Luc – Can Giuoc – Hiep Phuoc are the ecological urban areas in the Southwest. With an area of about 5,164 km2, the projected population by 2030 is about 15.7 million people. The rate of urbanization in 2030 is about 85-90%.
In addition, Ho Chi Minh City will be a special urban area, developing in the form of multi-polar concentration, including the central area and four development poles connected by a ring road traffic system combining axes. The center has regional links with regional and national transportation networks. Researching to effectively exploit the reclaimed area to form a multi-functional center in association with the existing urban area, creating a driving force for socio-economic development in the southeast of the city on the principle of ensuring the environment and ecosystems. natural state. No urban development in areas of strict conservation and ecological restoration areas in mangrove nature conservation zones of Can Gio biosphere reserve areas, special-use forests and protection forests in districts. Binh Chanh and Cu Chi.
Binh Duong urban area is expected to include the city. Thu Dau Mot (grade-I urban center), Thuan An and Di An urban centers (grade-II urban centers) and Ben Cat and Tan Uyen urban centers (grade-III urban centers). Binh Duong will be the regional center for industry, trade – finance, training, health care, culture, physical training and sports, tourism, scientific research and technology transfer to the North of the region. HCMC.
Bien Hoa City, Dong Nai Province (grade I city) is an important transport hub and eastern logistics center of Ho Chi Minh City. It is a regional center for high quality multi-sector services, providing urban and industrial services; center for scientific research and technology transfer, commerce – finance, tourism, physical training and sports to the East of Ho Chi Minh City.
Nhon Trach city, Dong Nai province (urban area of grade II), is a center of clean and multi-industry industries in the eastern region; a regional logistics service center, a hub for road, rail, waterway and air transport; recreation center and ecological landscape tourism of the region.
Encourage the development of small and medium cities
The urban system in the eastern sub-region, the north-northwest sub-region and the southwest sub-region will encourage the development of small and medium-sized urban systems which are the nucleus to promote socio-economic development of suburban areas. en. To concentrate investment on infrastructure systems closely linked between central urban centers and provincial and inter-provincial urban centers, serving as a basis for development of hi-tech agricultural and forestry regions. Cities that are the growth poles on key economic corridors include:
The Eastern sub-region, along the southeast corridor along National Highway 51 and the eastern corridor, National Highway 1A through Dong Nai province, comprises the following urban areas:
TP Vung Tau (urban grade I), is a regional center for commercial services; an important national tourist center for sea-going tourism, seaport services and petroleum services; trade clue about seaports with international. Having an important position in terms of security, defense and marine environment protection.
TP. Ba Ria (a grade-II urban area), is the southeastern key growth pole of the region; is a regional-level service, trade, training and scientific center.
TP. Tan An, Long An province (urban area of grade II), is a regional trade-service center, training, health care, physical training and sports center and entertainment center in the Southwest.
In particular, the estimated land area for construction of industrial parks by 2030 is about 69,000 ha; in which Ho Chi Minh City has 7,080 ha, Dong Nai 13,400 ha, Ba Ria – Vung Tau 9,210 ha, Binh Duong 14,790 ha, Tay Ninh 5,185 ha, Binh Phuoc 8,220 ha, Long An 13,500 ha, Tien Giang 3,200 ha.
To form industrial areas in the center of Ho Chi Minh City including districts 9, 7, 12, Thu Duc, Tan Binh and Binh Chanh; Eastern industrial zone with belt includes TP. Bien Hoa – Trang Bom – Long Thanh – Nhon Trach; Northern industrial belt area includes TP. Binh Duong – Thu Dau Mot – Ben Cat – Tan Uyen, Di An and Thuan An; the western belt industrial region, including Bac Cu Chi – Duc Hoa; Southwestern industrial belt area includes Ben Luc – Hiep Phuoc. Prioritize the development of high-tech industries, clean industries, auxiliary industries.
Estimated land for construction of universities and colleges is about 13,700 ha by 2030 (3,000 ha in Ho Chi Minh City, 2,000 ha in Dong Nai, 1,500 ha in Ba Ria – Vung Tau, 2,500 ha in Binh Duong, 1,200 ha in Tay Ninh, Binh Phuoc 1,000 ha, Long An 1,500 ha and Tien Giang 1,000 ha).
Catch the regional planning
According to Mr. Tran Trong Tuan, Director of Ho Chi Minh City Department of Construction, the expansion of the Ho Chi Minh City area makes the real estate market in 2019 gradually move to neighboring provinces in Ho Chi Minh City. This is in line with the planning direction proposed by the Prime Minister in the revised master plan of the Ho Chi Minh City Region, which extends to 2030 with a vision to 2050.
The adjustment of the construction planning of Ho Chi Minh City region not only meets the wishes of Ho Chi Minh City, but also closely connects the provinces and satellite cities; at the same time identify the strengths of each locality and each region.
In particular, the central role of Ho Chi Minh City is focused for the provinces in the Region to develop quickly and sustainably, sharing difficulties, challenges and coherence in the distribution of regions, in order to realize the potential. strengths of each province and city such as tourism development, culture – education, hi-tech agriculture, industry, service trade and information technology.
Mr. Tran Quoc Viet, General Director of Cat Tuong Real Estate Corporation (Cat Tuong Group) said that in the past, the local real estate market was often actively developed by businesses in the province. Because of customer pressure, competition pressure is quite small, businesses can have a monopoly in market development.
By announcing the expansion plan of Ho Chi Minh City, the market will welcome new businesses, new product lines, create more competitiveness, and buyers will benefit from new product lines. , more diversification, more utilities and competition among businesses will give the market a new and more sustainable face.
Besides, there will be handshakes between businesses together. That is the handshake of enterprises in the province that have land fund but do not have capital to deploy, meanwhile, new businesses have capital but need land funds. These will create a vibrant, worthy market and create a complete and synchronized planning face between Ho Chi Minh City and neighboring provinces.
“In the provincial market, especially in the neighboring provinces of Ho Chi Minh City, is a large and potential market, with the housing demand of the people here gradually increasing, the income level is also much improved. Meanwhile, so far, these provinces have always lacked of real estate projects with full amenities. Therefore, when businesses turn to developing provinces, it means it will be easier to sell. In addition, creating new and better options for local customers, ”Mr. Tran Quoc Viet said.
According to https://dautubds.baodautu.vn