Mr. Hoai Nam, a long-time investor in District 7, said that about 4-5 years ago, agricultural land in Nha Be district was priced at VND 1-2 million per square meter, and residential land was around VND 10 million per square meter. However, many areas in Nha Be district have now seen average increases of VND 20-30 million per square meter, with prime locations reaching up to VND 50-60 million per square meter. A piece of land of 80 square meters that he bought in 2019 has now increased almost fourfold.
However, according to surveys, Nha Be real estate is still an area with more attractive prices compared to other developing areas in the city. Typically, Thu Duc City has witnessed significant growth in the past decade. According to a recent report by Avision Vietnam, from 2014 to 2016, apartment projects were launched with primary sale prices in Thu Duc City ranging from VND 20-50 million per square meter. Now, thanks to the development of infrastructure, prices continue to climb, reaching VND 110-130 million per square meter, with some ultra-luxury apartments increasing sharply to about VND 200-220 million per square meter.
In parallel, Biggee’s real estate data platform also shows that Nha Be is among the areas with the best rental yields for apartments in Ho Chi Minh City, averaging 4.6%.
According to experts, Nha Be has many strong supportive factors that ensure long-term price increases. This is one of the key areas of Ho Chi Minh City according to the multi-center development orientation, and in the past 5 years, Nha Be district has achieved an average stable economic growth rate of 12%/year, gradually approaching the level of a type II urban area.
In addition, the push from infrastructure will create an economic lever, helping high-quality projects in Nha Be at present to double or triple in value. It can be seen that the expected price increases will closely follow the completion schedule of infrastructure works.
From 2023 to Q3/2024, the progress of transportation, medical, and educational infrastructure will be completed, also creating momentum for the establishment of Nha Be’s new position. Notably, the Rach Cay Kho Bridge connecting District 8 and Nha Be is ready to open on the occasion of September 2, 2024, reducing travel time from 30 minutes to just 3 minutes. The “million-dollar” intersection of Nguyen Van Linh – Nguyen Huu Tho, Ben Luc – Long Thanh expressway, and a series of “billion-dollar” bridges such as Rach Dia Bridge, Phuoc Long Bridge, Binh Khanh Bridge, etc., are all key projects that the city’s transportation industry focuses on completing by the end of 2024. This is also the goal of quickly synchronizing the southern transportation infrastructure of the People’s Committee of the city, indirectly bringing Nha Be to a new height, affirming the enormous attraction of the area in the near future.
Moreover, according to the latest analysis by MBS, the completion of the legal system and the influence of the effectiveness of the new Land, Housing, and Real Estate Business Laws from August 1, 2024, will help the market develop sustainably. However, the new points in the law will create a shortage of supply in the short term. This is a challenge but also an opportunity for projects with good legal status, reputable investors, and construction progress that is on schedule at this time.
Project developer Khai Hoan Land officially introduces the second subdivision, MIKA, of the Khai Hoan Prime project, with stimulus policies to boost demand and take advantage of Nha Be’s growth potential.
In this context, some projects with good absorption rates still show that the demand for real housing remains high. Currently, Khai Hoan Prime is also one of the few bright spots in the Nha Be area, with a “sold-out” status right from its launch. The project has also just started phase 2 – MIKA subdivision with stimulus incentives to contribute to the goal of improving general liquidity and taking advantage of Nha Be’s abundant growth potential.
Designed with flexibility depending on financial capabilities and needs, the sales policies and prices of the products in the MIKA subdivision have started to receive much attention. For example, customers only need to pay 20% to own, pay 1% per month, and enjoy incentives of up to 14%, with a grace period for principal and interest of 0% for 24 months. Especially, there is a program called “The more you book, the more you save” from VND 30-50 million and a waiver of management fees for 12 months for early bookers.
Rare and Exquisite Riverfront Real Estate Resort for Unparalleled Quality of Living in the Heart of Ho Chi Minh City
Khải Hoà n Prime Development has unveiled a project built to Resort standards (building density <25%), maximizing the advantages of the riverside location with the surrounding natural beauty both inside and outside the project, offering a luxurious resort experience.
The most anticipated project in South Ho Chi Minh City – Khai Hoan Prime officially opens sales gallery and model apartments.
Hundreds of customers have attended and showered Khai Hoan Prime with praises for its grand, modern, and meticulously organized event. A significant number of customers made bookings immediately after personally witnessing the luxurious space of the Sales Gallery and the model apartments at Khai Hoan Prime.
“House Speed Development Excites Investors”
With prices still competitive and key infrastructure projects nearing completion, Nha Be is poised for a rapid growth cycle. The area is expected to lead the real estate market in the southern region, especially with the activation of three new laws.
