Dong Khoi Street, located in District 1, Ho Chi Minh City, is a bustling and prestigious address in the heart of the city. Spanning approximately 630 meters, it begins at the iconic Notre-Dame Cathedral and concludes on Ton Duc Thang Street, near the Saigon River. Dong Khoi is a vibrant destination for locals and tourists alike, boasting a plethora of luxury brands and a dynamic cultural scene.
Real estate on Dong Khoi Street is highly sought-after and commands a premium. According to various sources, property prices in the area range from VND 600 million to an astonishing VND 3 billion per square meter for prime locations. Certain properties in highly desirable spots along this street have even been advertised for as much as VND 3.25 billion per square meter.
A property on Dong Khoi Street, dubbed as one of the most prestigious addresses in Saigon, is advertised for VND 3.25 billion per square meter.
The appeal of Dong Khoi’s real estate lies in its prime location, proximity to commercial hubs, and suitability for business operations. As a result, property prices here are among the highest not only in Vietnam but also on a global scale.
For instance, a two-faced property on Dong Khoi Street, spanning 81 square meters over five floors, with a potential monthly rental income of VND 200-250 million, is currently listed for sale at VND 245 billion, equivalent to approximately VND 3.02 billion per square meter.
Properties with dual frontages, connecting Dong Khoi Street with adjacent streets such as Dong Du, Mac Thi Buoi, Nguyen Thiep, and Ngo Duc Ke, often command even higher prices. Another property at the intersection of Dong Khoi and Mac Thi Buoi Streets, with a land area of 169 square meters, is on the market for VND 550 billion, or VND 3.25 billion per square meter.
Dongi Khoi Street in District 1, Ho Chi Minh City, is one of the busiest and most prestigious streets in the city center.
In contrast, a slightly more modestly priced property on offer in the area is listed at VND 140 billion for 68 square meters, which equates to VND 2.06 billion per square meter.
Notably, according to a draft of the new land price framework by the Ho Chi Minh City Department of Natural Resources and Environment, the official land price on Dong Khoi Street is expected to be set at VND 810 million per square meter. This represents a significant fivefold increase compared to the current rates.
A two-faced property on Dong Khoi Street is on the market for VND 245 billion for 81 square meters of land.
Aside from Dong Khoi Street, other notable streets in the heart of Ho Chi Minh City, such as Le Loi and Nguyen Hue, also command similar prices of VND 810 million per square meter. However, despite the high predetermined land prices, real estate transactions on these streets still occur, with impressive prices reaching hundreds of billions of VND for a single property with a street-facing facade.
Dong Khoi Street not only impresses with its high real estate values but also boasts the highest retail rental rates in Asia and ranks 13th globally. Retail spaces here command a rental rate of USD 390 per square meter, roughly VND 100 million per square meter. This street’s rental rates far surpass those of renowned streets in Germany, the Netherlands, and Thailand.
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