Unleashing New Momentum: Simultaneous Groundbreaking of Four Key Infrastructure Projects in South Saigon

The groundbreaking ceremony marks the commencement of several key projects: the National Sports Complex at Rach Chiec, Metro Line No. 2 (Ben Thanh – Tham Luong), Can Gio Bridge, and Phu My 2 Bridge. Among these, Can Gio Bridge and Phu My 2 Bridge are expected to have the most direct and significant impact on the development of South Saigon, particularly benefiting the former District 7 and Nha Be areas.

Phu My 2 Bridge is being constructed as South Saigon reaches its urban maturity but remains constrained by long-standing traffic bottlenecks. With a total investment of over VND 23,000 billion, an 8-lane design, and a length exceeding 6 km, this project not only alleviates congestion on the existing Phu My Bridge but also creates a new “runway” for the entire southern region. Upon completion, travel time from the former District 7 to Long Thanh International Airport will be reduced to just 30–35 minutes, down from over an hour currently—a significant shift that redefines the former District 7’s position on the regional connectivity map.

Can Gio Bridge, spanning approximately 6.3 km with a six-lane design and an operating speed of 80 km/h, will replace the Binh Khanh ferry terminal. This will reduce travel time from Ho Chi Minh City to Can Gio from over 2 hours to just 40–50 minutes. For South Saigon, this bridge not only opens a new connection but also strengthens economic, eco-tourism, and service flows from Can Gio, creating an integrated development space linking the former District 7 and Nha Be to the southern coastal region.

The simultaneous launch of these multi-billion-dollar projects is creating a powerful synergy with South Saigon’s existing infrastructure, promising to ignite a growth explosion in the region.

Ho Chi Minh City’s market history shows that major infrastructure developments often lead to significant property value increases. For instance, Thu Thiem 2 Bridge, connecting the Eastern District to the former District 1, drove land prices in the Eastern District from VND 80–100 million/m² to VND 300–400 million/m² within five years. The Eastern District has since emerged as a new financial and urban hub with remarkable growth.

Experts predict a similar scenario for South Saigon, which already boasts a comprehensive connectivity network thanks to projects like Rach Dia Bridge, Phuoc Long Bridge, the Nguyen Van Linh – Nguyen Huu Tho underpass, and upcoming initiatives such as Nguyen Khoai Road, Thu Thiem 4 Bridge, and Metro Line No. 4. Additionally, the area benefits from the modern ecosystem of Phu My Hung, Vietnam’s first international urban area, known for its synchronized planning, elite community, and world-class amenities.

This foundation ensures that South Saigon’s growth potential is not driven by short-term speculation but by sustainable accumulation. Investment is expected to flow into projects with strategic locations, transparent legal frameworks, and tangible progress, particularly those near key connection points like Phu My 2 Bridge, such as Sunshine Sky City and Noble Crystal Riverside by Sunshine Group, as well as nearby projects like Celesta Heights and Khai Hoan Prime.

Market trends reflect this momentum. Apartment prices in the former District 7 have risen by 25–35% recently and are expected to surge further as infrastructure projects near completion in the coming period.