The implementation of the TOD model along the high-speed North-South railway line is expected to bring comprehensive benefits to socio-economic development, particularly for the real estate industry.
According to the proposed plan, the high-speed North-South railway line will feature 23 passenger stations, strategically located in the economic and political centers of the regions. These stations will be easily accessible from urban areas and will be situated in zones with potential for new development and efficient land resource utilization.
Emphasizing the importance of urban planning based on the TOD model in conjunction with high-speed rail infrastructure, PGS, TS. Tran Dinh Thien, a member of the Prime Minister’s Advisory Council, stated that this model will not only reshape the urban landscape by closely connecting amenities, commercial centers, residential areas, and modern infrastructure projects but also stimulate a paradigm shift in planning and real estate development approaches.
This approach will enhance land value, promote the development of green real estate projects, smart cities, and digital real estate, contributing to the creation of a sustainable, modern, and resilient urban ecosystem that better meets the demands of the transforming economy in the new era.
Suggestions to develop according to the TOD model to increase land value along the North-South high-speed railway line (Image source: Chinhphu.vn)
Sharing insights on urban planning based on the TOD model, Mr. Tran Ngoc Chinh, Chairman of the Vietnam Urban Planning and Development Association, affirmed that this model is well-suited to address transportation, environmental, population, and employment issues in major cities such as Hanoi, Ho Chi Minh City, and Haiphong. This approach creates growth opportunities for real estate investment by providing an advantageous environment for various real estate types, including residential, office, banking, entertainment, and commercial projects.
According to estimates by the Ministry of Construction, the total revenue from land fund exploitation in TOD areas and commercial exploitation is expected to reach approximately 22 billion USD. Out of this, 5 billion USD is projected to come from advertising services, and 17 billion USD from auctions in the vicinity of the railway stations.
In an interview with Tien Phong Newspaper, PGS. TS. Nguyen Dinh Tho, Deputy Director of the Institute of Strategy, Policy on Agriculture and Rural Development, Ministry of Agriculture and Rural Development, shared that the TOD planning model has been successfully implemented in various countries worldwide, including Japan, Singapore, and Taiwan.
Mr. Tho pointed out that the principle of modern planning is to take a market-based approach, which means considering urban planning and its satellite cities. “I hope that through this model, we will efficiently utilize land. Hanoi and its surrounding areas may not have abundant land, but we also don’t lack it. We can convert areas that are not being used or shift agricultural land for industrial and urban purposes. In fact, this transition aligns with global trends. As we have industrialized and modernized, urbanization has become imperative,” he added.
According to Mr. Tho, Samsung’s presence in Bac Ninh and Thai Nguyen, occupying only 2ha and 5ha of land, respectively, contributes to a quarter of Vietnam’s export goods volume. This underscores the significance of efficient land resource utilization.
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“The proposed high-speed rail link between the North and the South has the potential to revolutionize land value and development. Experts believe that the key to unlocking this potential lies in adopting a transit-oriented development (TOD) approach. By focusing on TOD, the expected revenue from land exploitation in these areas, as well as commercial exploitation of the high-speed rail link, could reach a staggering 22 billion USD.”
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“Chessboard Street, nestled in the heart of District 3, occupies a prime intersection between the bustling hubs of Districts 1, 3, 5, and 10 in Ho Chi Minh City. With meticulous urban planning and an abundance of surrounding amenities, this area has emerged as a real estate gem, commanding a premium price tag.
The strategic location of Chessboard Street places it at the epicenter of vibrant city life, offering effortless connectivity to the pulsating heartbeat of Ho Chi Minh City. The thoughtful development of the neighborhood, coupled with a myriad of convenient facilities, has elevated the desirability of this enclave, making it a sought-after destination for those seeking a fusion of urban convenience and a thriving lifestyle.”
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The new road, a much-needed addition to Hanoi’s infrastructure, will provide a vital link between the extended Chien Thang Street and Nguyen Xien – Xa La Street. Spanning across Thanh Liet and Tan Trieu communes in Thanh Tri District, this route promises to enhance connectivity and ease transportation woes for residents in the area.
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“Unveiling the Vision: The Mayor of Can Tho Directs the Implementation of the Government Inspectorate’s Conclusion.”
The Can Tho authorities will reclaim over VND 463 billion to the budget and make deductions of more than VND 2.5 billion upon project settlement. They will also urge seven investors to pay over VND 193 billion in delayed commitment fees and address instances of improper refunds as per the conclusions of the Government Inspectorate.
The Ultimate Investment Opportunity: Majestic City – Investing in the Right Project at the Right Time
With its prime location and well-thought-out urban planning, Majestic City is poised to become the next investment hotspot. The project offers a triple-threat proposition with its strategic position, well-designed infrastructure, and the current investment trend, creating a perfect storm for potential price increases. This is the golden opportunity for savvy investors to get in early and ride the wave of what promises to be an exceptional price surge.
