Within a short period of time but thanks to comprehensive and methodical planning, district 2 apartments have witnessed a dramatic price surge in the last 5 years, from 100 to 130%. Being part of the Eastern Ho Chi Minh city planning that aims to become the new creative urban area, district 2 (now part of Thu Duc City) has undergone infrastructure changes to develop a commercial-financial-service center. The surge in the price of apartments in district 2 in general; and in Thao Dien, Thu Thiem, Thanh My Loi, and An Phu specifically, is predicted to go on when the clean land capital of Ho Chi Minh city urban areas that are ready to develop is limited.
Real estate in District 2 increases across types, segments, and markets. From the individual investors, it is reported that each transaction of an apartment in district 2 is recorded at a 3 to 8 million dongs increase on average. The highest increase rate is recorded at Cat Lai up to 93%, Binh Khanh at 96%, An Phu at 108%, Binh Trung Dong - Binh Trung Tay at 118%, and Thanh My Loi at 131%.
At the present, the real estate experts position district 2 as the new rich of the East, adjacent to the rich Phu My Hung in District 7. Moreover, the establishment of Thu Duc City and the infrastructure and macro policy changes add up to the pricing and the sale of the projects located in An Phu, Thao Dien, and Thanh My Loi. These products' price from one sale period to the next is recorded at an increase of 10% to 20%.
Among the 4 rich hoods, Thu Thiem takes the spotlight of all Thu Thiem, Thao Dien, An Phu, and Thanh My Loi in District 2. It is the place to be and is now offering luxury options for residency and investment in the mid-end to high-end markets.
Mid-end and high-end apartments are more favored since these are the ones with the highest liquidity. Low-density apartment buildings with a high rate of green coverage, a full utility network, and optimal location, as well as making the best use of the river view and easy access to district 1 like what The River Thu Thiem offers are the most sought-after. It also attracts many investors with a variety of options ranging from one bed to four beds, to pool villas and penthouses.
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