Spanning 2,870 hectares with a total investment of approximately $10 billion, Can Gio Urban Area (Vinhomes Green Paradise) is developed by Can Gio Urban Tourism Joint Stock Company, a subsidiary of Vingroup. Strategically located with three sides bordering the sea—a unique position in Ho Chi Minh City—Vinhomes Green Paradise is poised to be the game-changer propelling Can Gio’s real estate into a new era of growth.
Construction commenced on April 19th, coinciding with the nationwide launch of 80 key national projects and major infrastructure initiatives. This milestone event commemorates the 50th anniversary of Southern Liberation and National Reunification (April 30, 1975 – April 30, 2025).
Can Gio Urban Tourism Joint Stock Company is currently seeking approval for the “Temporary Waterway Infrastructure Establishment” project, a critical component of the port infrastructure development.
The project requires extensive land reclamation and construction materials, which will primarily be transported via waterways and maritime routes due to the site’s unique geographical conditions.
However, the absence of suitable waterways to the construction site has prompted the company to propose the development of a temporary waterway system. This infrastructure will support the construction phase of the Can Gio Coastal Urban Tourism Area.
The proposed waterway system spans approximately 29,550 meters in length, covering a total area of 476 hectares. Designed with a width of 150 meters, it will accommodate dual-lane operations for vessels up to 22,000 tons and 5,000 tons, ensuring efficient maritime logistics during construction.
Chairman of HoREA Le Hoang Chau: To Lower Housing Prices, All Costs Must Be Reduced Simultaneously, Including a Special Type of Expense
Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, asserts that to effectively lower housing prices, the primary focus must be on reducing costs across the board. This includes land use fees, construction expenses, and input costs such as sand, gravel, steel, cement, electricity, and fuel. Additionally, Mr. Chau emphasizes the need to reduce a critical yet often overlooked cost: compliance expenses associated with legal and regulatory requirements.
Southern Apartment Market: Transactions Triple, Prices Surge Over 30% in One Year
Southern property transactions, particularly in the former Binh Duong area (now part of Ho Chi Minh City), have surged threefold compared to last year. Among these, investors aged 35–44 dominate, while primary homebuyers are predominantly in the 25–34 age bracket.
Resurgent Demand for Real Estate Investment
With interest rates on deposits steadily declining over the past two years, investors are increasingly turning their attention back to the real estate market.
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Vietnam’s Largest 2,870-Hectare Reclaimed Urban Project: Billionaire Pham Nhat Vuong’s Decade-Long Vision for a 108-Story Tower in Ho Chi Minh City Now Tops the Spotlight
After more than a decade of meticulous planning, the mega project Vinhomes Green Paradise in Can Gio is now entering a vibrant construction phase. The project’s progress has become a focal point of attention, reigniting the real estate market in Ho Chi Minh City.
