The urban development model under the public transport orientation (TOD - Transit-Oriented Development) has affirmed its success and opened up new opportunities for the real estate market, helping to increase the value of real estate in convenient connecting areas.
Operating in the field of real estate development for more than 10 years, Masterise Homes has continuously created and introduced to the market high-end projects, leading the infrastructure, especially in parallel with the TOD orientation. Thanks to that, it has continuously increased value for customers and residents in addition to advantages such as strategic location and solid legal status from international-class brand projects.
TOD-oriented real estate is constantly increasing in value, a successful lesson from the world to Vietnam
Right from the introduction of the Masteri Thao Dien project with the location of a high-end residential area, Masterise has set a new standard for the apartment segment and has been positively welcomed by the market. Next are other high-end projects that are continuously launched such as Masteri An Phu, Lumiere riverside located along Vo Nguyen Giap Avenue, and are also in parallel with Metro Line 1, opening up new opportunities for real estate products leading the TOD.
The success of TOD has been clearly demonstrated in major cities such as Tokyo (Japan), Singapore or Seoul (Korea), Shanghai (China) ... where real estate value has increased sharply thanks to the close combination of transportation and infrastructure development.
In these cities, train stations act as transit stations, becoming a convergence point for commercial centers, offices, services and housing, forming dynamic and developed communities.
According to a report from Tokyo Kantei, real estate values near Tokyo's metro stations will increase by an average of 20-30% within 3-5 years after the new metro lines are put into operation. Or research on the No. 5 metro line in Seoul from Science Direct also shows that the real estate value around metro stations has increased by an average of 17% within a 1 km range after this line came into operation.
Not out of the world trend, after Metro Line 1 in Ho Chi Minh City came into operation, the Ho Chi Minh City market recorded an increase in prices of apartments connected to this metro line. Typically, Lumiere riverside has had a 15-20% increase in selling price, and the number of searches has also doubled.
Previously, Hanoi recorded positive signals from the Cat Linh - Ha Dong metro line, with real estate prices around the stations increasing by an average of 15-20% after operation.
In modern urban planning, the public transport system no longer only plays a role in relieving traffic pressure, but is gradually becoming a central structure to shape new residential, commercial and service areas.
The TOD-oriented development model therefore becomes one of the inevitable directions, helping cities optimize urban space and increase sustainable real estate value.
TOD in Ho Chi Minh City - a new opportunity from metro line No. 1
The TOD model in Ho Chi Minh City is considered to be flexibly combining two successful urban development trends in the world: optimizing living space around metro stations in Singaporean style, and expanding multi-center urban areas such as Shanghai.
In addition, Ho Chi Minh City also learned from Singapore in exploiting the space around metro stations to form large-scale commercial, service and housing complexes. Areas such as Orchard, Marina Bay and Raffles Place have developed strongly thanks to this model, becoming vibrant economic destinations with significant real estate value growth.
A typical example is the Grand Marina brand real estate complex, Saigon, where residents benefit from Ba Son station - a key station on metro line No. 1 with 4 entrances. The presence of the metro line not only strengthens the connection to the central area, but also serves as a lever to reposition the value of real estate in the riverside area, which already has advantages in landscape.
In parallel, Marina Central Tower - in the final stages of completion with direct connection to the basement with the terminal - is expected to become the most vibrant trading point after operation.
The establishment of metro line 1 not only promotes connectivity between areas, but also restructures the view of location from "central center" to "new central axis". It is no coincidence that areas such as An Phu, Thao Dien, Tan Cang or Binh Thai, which used to be border areas, have now become the focus of real investors and buyers. This orientation is close to the way Shanghai strongly expands along the Hoang Pho River with centers such as Luc Gia Chuy, Pho Dong...
With the trend of multi -central urban expansion, the Metro Line No. 1 and the strong development of the infrastructure has promoted the direct connection to The Global City (An Phu Ward, Thu Duc City), the urban area developed by Masterise Homes with a vision to become a new center of Ho Chi Minh City. Prominent is the inter -ward road of Xuyen Tam, the project is in the urgent construction phase, expected after completion will help people of the urban area and existing residential areas quickly connected to Rach Chiec station of Metro line.
According to data from batdongsan.com, in just 2 years, real estate prices around metro No. 1 have increased by 10-30%, accurately reflecting the push from transport infrastructure. However, this price increase did not come about accidentally - it came from a methodical planning strategy, in which some businesses such as Masterise Homes have demonstrated the ability to take the lead and accompany infrastructure from the very beginning.
According to CBRE Vietnam, the real estate value near metro No. 1 is expected to continue to increase by 15-25% in the next 2-3 years when this metro line comes into stable operation. This is a clear demonstration of the attractiveness of well-planned projects, linked to developing urban infrastructure.
Now, when looking to buy housing products, customers' decisions do not simply come from high-end designs or international brands, but also from the ability to quickly access metro axes - a factor that is increasingly becoming the "golden standard" in the decision to buy a house of real residents.
In an infrastructure restructuring market like Ho Chi Minh City, the TOD model is a trend and a new measure of urban planning and development capacity. With a consistent orientation and the ability to anticipate the flow of infrastructure, projects developed by Masterise Homes not only create high-class living space but also contribute to shaping the face of a modern urban area - where infrastructure, utilities and the community develop together in a sustainable ecosystem.
