The Rise of Southern Saigon: Real Estate Boom Near Phu My Hung

Southern Ho Chi Minh City Welcomes Infrastructure Developments

Key transportation infrastructure projects such as the Ben Luc – Long Thanh Expressway, National Highway 50, Binh Khanh Bridge, and others are nearing completion, transforming the urban landscape and positively impacting the real estate market in the southern district of Ho Chi Minh City.

The Ben Luc – Long Thanh Expressway is expected to be fully operational by 2026, connecting Tay Ninh (former Long An) and Ho Chi Minh City to Long Thanh Airport in Dong Nai. This route will not only reduce travel time but also stimulate investment and enhance the value of real estate along its path. Currently, nearly 30/57km of the expressway has been technically opened, passing through two provinces and cities, including Long An (Ben Luc and Can Giuoc) and Ho Chi Minh City (Binh Chanh and Nha Be). The 21km section connects the Mekong Delta with the Hiep Phuoc port cluster, reducing traffic pressure on roads through the center of Ho Chi Minh City.

Additionally, the National Highway 50 expansion project, with an investment of nearly VND 1,500 billion and a total length of about 88km, is 90% complete and expected to be finished by the end of 2025. The project connects Nhi Thien Duong Bridge (former District 8) to Lo Dua (former Tien Giang), passing through Can Giuoc (former Long An), playing a crucial role in the connectivity strategy between Ho Chi Minh City, Long An (now Tay Ninh), and Tien Giang (now Dong Thap).

Another positive development is the planned expansion of Nguyen Huu Tho Boulevard (North-South axis) to 60 meters with 10 lanes, expected to be completed by 2026. Upgrading this route will not only reduce traffic congestion but also improve connections with vital arteries such as Ring Road 2 and the Ben Luc – Long Thanh Expressway, as well as the Hiep Phuoc port urban area and major industrial parks in Ho Chi Minh City and Long An (former). As the main route connecting Nha Be and Can Giuoc with the city center, the project is expected to significantly boost the southern real estate market, with land prices predicted to increase by 30-70% in the next 3-5 years.

In addition to the projects nearing completion, Tay Ninh (formerly Long An) has also selected three key projects to commence construction on August 19 to celebrate National Day on September 2. These projects include a route belonging to DT827E connecting Ho Chi Minh City, Tay Ninh (formerly Long An), and Tien Giang (formerly Dong Thap), an industrial park in Duc Hue, and the Vinhomes Can Giuoc mega-urban project spanning 1,090 hectares.

Moreover, the Tan Tap – Long Hau route (DT826D), one of the eight breakthrough projects of Long An for the 2021-2025 period, will be implemented in the 2026-2028 period with public investment. This route is planned to connect Ring Road 4 (Ho Chi Minh City) to DT830, enhancing connectivity in the southern region of Ho Chi Minh City.

The DT830 is also being upgraded and expanded to become the main transport axis connecting industrial parks and mixed-use urban areas in Long Hau (former Can Giuoc). Once completed and linked with National Highway 50, the Long Hau Industrial Park, and Nguyen Van Tao Street (Ho Chi Minh City), this route will play a crucial role in establishing a comprehensive transport network from the west to the south of Ho Chi Minh City and into Long An (former).

Completing the infrastructure landscape in the southern district of Ho Chi Minh City are several large-scale projects such as Ring Road 3, Ring Road 4, and routes DT823D and DT830E, which are being accelerated. These projects will not only expand the urban development space but also provide new impetus for economic growth, investment attraction, and real estate market development in the entire southern region.

Investors Seize Opportunities, Anticipating Price Increases

It is evident that infrastructure not only solves connectivity issues but also serves as a significant driver for the real estate market in the southern region of Ho Chi Minh City. The proactive “get in early” approach of investors demonstrates their agility in responding to planning and infrastructure developments and their foresight in recognizing sustainable profit margins in the future.

In reality, the area of Can Giuoc, adjacent to the Ben Luc – Long Thanh Expressway and Phu My Hung, has recently witnessed a surge in investment. Many investors are seeking land plots with clear legal titles, well-developed infrastructure, and competitive prices compared to the overall market. Most investors have a mid to long-term vision, focusing on long-term asset accumulation and expecting profitable returns once the infrastructure projects are completed.

Recently, real estate projects in Can Giuoc (former Long An), such as Saigon Village, The 826 EC, T&T City Millennia, and Saigon RiverPark, have been witnessing positive demand.

The commercial urban area The 826 EC, developed by Hai Thanh, has also attracted significant investor interest. The project boasts a strategic location next to Phu My Hung and along the front of two important provincial roads, DT826C and DT826E, in the Long Hau area of Can Giuoc (pre-merger). This area is planned to become a key industrial and urban development hub in the southern gateway of Ho Chi Minh City. The project has garnered considerable attention ahead of its second sales launch due to several outstanding factors: competitive pricing, clean land fund, separate red book for each land plot, and proximity to mega-urban projects. According to forecasts, land prices in the area could increase by 15-20% once the infrastructure is completed in the 2025-2026 period.

The 826 EC commercial urban area is also highly regarded for its flexible financial policies. In the next sales phase, expected on August 17, customers only need to make an initial payment of about VND 560 million, with the remaining amount supported by up to 70% loans from banks such as ACB, VietinBank, and MB Bank, with a maximum term of 30 years. The policy of staggered payments over 18 months, subsidized interest for 15 months, and principal grace period for 24 months also helps buyers manage their finances effectively.

According to Tran Khang Quang, a long-time real estate investment expert, the period from 2025 to 2026 will be a boom time for real estate in the areas bordering Ho Chi Minh City. He emphasizes, “When the infrastructure is completed, and mobility improves, the value of real estate will be entirely different. This is the right time to enter the market, especially for urban projects located 20-30 minutes away from Ho Chi Minh City.”

Moreover, Cao Thi Thanh Huong, Senior Manager of Research at Savills Vietnam, analyzes that Tay Ninh (former Long An) currently has a large land fund with relatively low prices compared to other bordering areas, offering significant growth potential. The influx of real estate businesses into this area will create a positive synergy in both supply and actual demand. Ms. Huong asserts, “In my opinion, considering the mid to long-term potential, the Tay Ninh market remains very promising.”