Housing land prices increase 20-40 percent in HCMC

Housing land offer price last year jumped up 20-40 percent over the previous year in many districts of HCMC especially Thu Duc, Binh Tan, District 9 and 12, said Commercial Real Estate Services Company on January 4.

An under construction project in Binh Thanh district, HCMC (Photo: SGGP)

According to the company’s report, the price increase was because many infrastructure projects have been built and implemented and better connected these areas with downtown area.

Last year, the city received 3,062 apartments from 13 projects, up 40 percent over 2015. Over 37,000 apartments were opened for sale from 28 projects including 18 new projects.

With the up momentum, investors are planning to continue developing many new projects in potential districts such as Cu Chi and Binh Tan where traffic system has been upgrading and broadening.

By Tra Giang – Translated by Hai Mien

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