Exciting News: Multi-Billion Infrastructure Projects Nearing Completion, a Major Boost for Western Ho Chi Minh City’s Real Estate Market

Billions Invested in Infrastructure Development

In a comprehensive report on the real estate market in Tay Ninh following its consolidation, the Vietnam Institute of Real Estate Research (VIRES) highlighted that one of the key drivers of the real estate boom in the western region of Ho Chi Minh City over the past years has been the robust investment in inter-regional transportation infrastructure.

Several multi-billion-dollar infrastructure projects have been initiated. National highways, expressways, and metro lines are either nearing completion or set to begin construction, significantly reducing travel time from the western region to the central areas of Ho Chi Minh City.

Specifically, the Ring Road 3 project in Ho Chi Minh City is being expedited to open technical sections by December 19 and the entire route by early 2026. Meanwhile, the Ring Road 4 project, passing through Tay Ninh, is in its investment phase. Both Ring Road 3 and Ring Road 4 are expected to form closed loops by 2026 and 2027, respectively, fostering the development of an integrated economic and logistics belt, as well as an urban and livelihood belt.

The Ben Luc – Long Thanh Expressway, with an investment of nearly $3 billion, is set to be fully completed by the end of 2026. The My Yen interchange, connecting key expressways such as Ho Chi Minh City – Trung Luong, Ben Luc – Long Thanh, and Ring Road 3, is nearing completion.

Similarly, the expansion of the Ho Chi Minh City – Trung Luong – My Thuan Expressway to 8 lanes will enhance inter-regional connectivity, boosting socio-economic development across the southern region. Additionally, Vo Van Kiet Avenue in Ho Chi Minh City is planned to be expanded and extended to the Hai Son – Tan Do Industrial Park in Duc Hoa District, Tay Ninh.

Another critical infrastructure project in the western region is the expansion of National Highway 50, which is nearing completion after two years of construction. Furthermore, areas bordering Tay Ninh and Ho Chi Minh City, such as Duc Hoa, Ben Luc, and Can Giuoc, have easy access to major transportation arteries in the southern region via Provincial Road 10 (connecting to National Highway 1A), Provincial Road 823 (connecting to National Highway 22), and Provincial Road 824 (connecting to National Highway 22, Ho Chi Minh City – Trung Luong Expressway, Ho Chi Minh City – Moc Bai Expressway, and Ben Luc – Long Thanh Expressway).

In Tay Ninh’s development plan from now until 2030, the province prioritizes investment in 14 regional and economic corridor transportation infrastructure projects.

Soft Real Estate Prices

With the influx of infrastructure developments, the real estate market in the western region of Ho Chi Minh City is entering a phase of dynamic growth.

According to a recent report by CBRE, in the final months of 2025, 80% of low-rise housing supply remains concentrated in satellite areas of Ho Chi Minh City, with Tay Ninh accounting for a significant portion. Population expansion, driven by infrastructure development and provincial consolidation, is acting as a catalyst for increased demand and rising property prices. The average primary sale price is projected to increase by 9-11% annually for apartments and 6-12% annually for townhouses and villas over the next three years.

Currently, major developers such as Vingroup, Ecopark, Nam Long, and local investors like Seaholdings, Cat Tuong, and Tran Anh are actively investing in projects in Tay Ninh.

For instance, Vingroup’s Vinhomes Green City in Duc Hoa, spanning nearly 200 hectares, began construction in late March 2025. The project, with a total investment of over $1 billion, features an integrated ecosystem including a Vincom Mega Mall, schools, and green amenities.

In addition to this project, Vingroup has also commenced construction on the Phuoc Vinh Tay urban area in Tay Ninh (formerly Long An), covering nearly 1,090 hectares with an investment of over $9 billion, and plans to develop the new Tan My urban area, spanning 930 hectares with an investment of nearly $7.5 billion.

T&T Group is also developing the T&T Millennia urban area, covering 267 hectares in Can Giuoc, with an investment of $4.1 billion. Him Lam is working on a 270-hectare project in Duc Hoa 3 Industrial Park, while Nam Long continues to expand the Waterpoint mega-urban area, covering 335 hectares with over 10,000 units.

Ecopark is also implementing the Eco Retreat project, spanning over 220 hectares with a total investment of $1.7 billion. The project includes 4,951 low-rise residential plots, 4,300 high-rise mixed-use apartments, and 180 resettlement plots.

Seaholdings is accelerating the progress and legal procedures for its key projects, including Destino Centro in Ben Luc. The Destino Centro project, covering approximately 2.1 hectares in My Yen Commune, consists of 5 residential towers, each 20 stories high, offering over 2,000 apartments.

According to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA), property prices in the western region remain more affordable compared to the eastern and southern regions. However, the western region’s potential value is high due to its vast available land, relatively clean living environment, and clear strategic infrastructure plans.

“While in the past, real estate projects flocked to the eastern and southern regions, many developers have recently shifted their focus to the western region. In the coming years, the western region’s landscape will undergo significant transformation,” said Mr. Chau.