BINH TAN: INFINITE POTENTIAL FROM THE OUTSIDE TO THE NEW CENTER

In addition to the Eastern area, the West of Ho Chi Minh City’s real estate market is a hot spot that draws the interest of numerous local and foreign investors. One possible “investment seed” in this field is the district of Binh Tan. The race to raise living standards for people in the West has formally started with the rise of several upscale projects in various categories and markets.

A significant economic entry point

One of the new districts created in 2003 is Binh Tan District (HCMC). The district’s rate of urbanization has increased significantly after almost 20 years of creation. With its rich land and fast urbanization, this is one of the region’s key economic gateways, drawing people from all over to live here. As a commercial hub that links the city center with the Southwest provinces, this region is crucial.

Large, crowded, and bustling districts of Ho Chi Minh City are all close to Binh Tan

Large, crowded, and bustling districts of Ho Chi Minh City, including districts 6, 8, 12, Tan Phu, Binh Chanh, and Hoc Mon, are all close to Binh Tan. Despite not being close to the city’s central districts, Binh Tan is home to “traffic corridors” that provide easy access to the center, including Vo Van Kiet Avenue, Kinh Duong Vuong, Hong Bang, and National Highway 1A. To help reduce traffic and facilitate interregional trade, Binh Tan District is interested in funding the city’s strategic traffic projects, such as the expansion of Metro lines 3A and 6 and the main arterial road.

Possibility of new lifestyles and price increases.

People in the province are increasingly compelled to live in Ho Chi Minh City due to the growing scarcity of land in the central districts, which is also limiting project development. Moving to recently developed districts like Binh Tan has become more popular in recent years. The most evident example is the declining amount of undeveloped land in Binh Tan and the daily land price increases in recent years.

Binh Tan district’s infrastructure system is focused on investment

When it comes to shopping malls, entertainment, healthcare, education, and other solutions, Binh Tan’s utility service system is also continuously improved. This streamlines the Binh Tan real estate market and gives investors peace of mind.

Possible market for real estate in Saigon’s west

According to assessments, the West Saigon real estate market is developing fairly steadily, with few “bubbles,” low prices, and plenty of space for expansion. This location consistently has the lowest Ho Chi Minh City market inventory and the highest absorption rate. In the West, real estate price fluctuations consistently average between 15 and 20% annually.

Greentown Binh Tan easily connects major roads

Real estate in this region will have significant growth potential and become very attractive once the infrastructure system is fully constructed and funded. Because so many people congregate in Binh Tan each year, it is the district with the largest population in Ho Chi Minh City and is growing mechanically at a rapid pace. Consequently, there is a growing demand for both profitable real estate investments and the purchase or rental of homes.

As a result, an increasing number of real estate development projects are taking part in the Western real estate market. One such project is Green Town, which is owned by IDE Vietnam Co., Ltd. and features a popular real estate type in Binh Tan, with prices starting at 38 million/m2.

Green Town Binh Tan has four street frontages

The 110ha wide Green Town Binh Tan apartment complex is situated in the Vinh Loc Urban Area and has four street frontages, a large road system, and all the amenities you could need. The project is close to two industrial parks along the coast, Vinh Loc and Tan Binh, and it has easy access to major roads, making it easy for locals to get around.

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