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Mr. Hoai Nam, a long-time investor in District 7, said that about 4-5 years ago, agricultural land in Nha Be district was priced at 1-2 million VND per square meter, while residential land was around 10 million VND per square meter. Today, many areas in Nha Be have seen average increases to 20-30 million VND per square meter, with prime locations reaching up to 50-60 million VND per square meter. A piece of land of 80 square meters that he purchased in 2019 has now increased nearly fourfold in value.
However, according to surveys, Nha Be real estate still offers attractive prices that are softer than many other developing areas in the city. For instance, Thu Duc City has witnessed significant growth over the past decade. According to a recent report by Avision Vietnam, from 2014 to 2016, apartment projects were launched with primary sale prices in Thu Duc City ranging from 20 to 50 million VND per square meter. Now, thanks to infrastructure development, prices continue to climb, reaching 110-130 million VND per square meter, with some ultra-luxury apartments seeing prices surge to 200-220 million VND per square meter.
In parallel, Biggee’s real estate data platform also shows that Nha Be is among the areas with the highest profit margins from apartment leasing in Ho Chi Minh City, averaging 4.6%.
According to experts, Nha Be is endowed with multiple strong growth drivers, ensuring long-term price appreciation. It is one of the key areas in Ho Chi Minh City’s multi-center development orientation, and in the past five years, Nha Be district has achieved a stable average economic growth rate of 12% per year, gradually approaching the standards of a type II urban area.
 Infrastructure becomes a driving force, doubling and tripling the value of quality projects in Nha Be
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Additionally, the infrastructure development will create an economic lever, doubling and tripling the value of quality projects in Nha Be. It is evident that price increase milestones will closely follow the completion timeline of the infrastructure projects.
Notably, the Rach Cay Kho Bridge connecting District 8 and Nha Be is ready for inauguration on the occasion of the September 2nd holiday in 2024, reducing travel time from 30 minutes to just 3 minutes. The “million-dollar” intersection of Nguyen Van Linh and Nguyen Huu Tho, the Ben Luc – Long Thanh expressway, and a series of “billion-dollar” bridges such as Rach Dia Bridge, Phuoc Long Bridge, Binh Khanh Bridge, etc., are all key projects that the city’s transportation sector focuses on completing by the end of 2024.
Moreover, according to the latest analysis by MBS, the completion of the legal system and the impact of the new Land, Housing, and Real Estate Business Laws, which took effect on August 1, 2024, will contribute to the market’s sustainable development. However, the new points in the law will create a short-term shortage in supply. While this presents a challenge, it also offers a significant opportunity for projects with good legal status and reputable developers with construction progress and completion during this period.
Project developer Khai Hoan Land officially introduces the second subdivision, MIKA, of the Khai Hoan Prime project, with stimulus policies to capture the growth potential of Nha Be
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In this context, some projects with good absorption rates still indicate a consistently high level of real demand. Currently, Khai Hoan Prime is also one of the few bright spots in the Nha Be area, with a “sold-out” status right from its launch. The project has also just started its second phase – the MIKA subdivision – with stimulus incentives to contribute to improving the general liquidity situation and capturing the abundant growth potential of Nha Be.
Designed with flexibility in mind, depending on financial capabilities and needs, the sales policies and prices of the products in the MIKA subdivision have started to attract attention. For example, customers only need to pay a 20% down payment to own a property, with a 1% monthly payment, up to a 14% discount, and a 24-month grace period for principal and interest. Notably, the program “The sooner you book, the more benefits you get” offers benefits ranging from 30 to 50 million VND and a 12-month management fee waiver for early bookers.
Proposed Planning for Adding 2 New Cities in Ho Chi Minh City
According to Architect Ngô Viết Nam Sơn, Ho Chi Minh City should consider planning two cities within the city in the south and north.
Comprehensive regional connectivity
In addition to building strong physical infrastructure, Ho Chi Minh City needs to strengthen its soft connections with other provinces in the region in order to promote economic development. This includes prioritizing the training of skilled workforce and ensuring access to quality healthcare.
2023 Remittances Surpass Half of Ho Chi Minh City’s Budget Revenue
As part of the Homeland Spring 2024 program in Ho Chi Minh City, this morning (2/2), the overseas Vietnamese delegation had a tour of the City Hall and met with city leaders.
Three Economic Growth Scenarios for Ho Chi Minh City in Q1 2024
At the socio-economic meeting reviewing the results of January and setting the goals for February 2024, held this morning (1/2), the Ho Chi Minh City Institute for Research and Development has presented three economic growth scenarios for the first quarter of Ho Chi Minh City.
Emotional Kieu people when admiring Ho Chi Minh City from Metro Line 1
Ho Chi Minh City has undergone a remarkable transformation since the day I left. It now boasts a completely different appearance, exuding a fresh and vibrant energy. This sentiment was captured by Mr. Nguyen Duong Nam Phuong, a Vietnamese American, who was amazed by the city’s newfound liveliness.
