Strong support to help Nha Be real estate break through at the end of the year

Many projects simultaneously "reach the finish line", Nha Be completes infrastructure

After nearly 4 years since the start of construction, Phuoc Long Bridge on Pham Huu Lau Street, connecting Nha Be District and District 7, officially closed on October 21, marking an important milestone in strengthening the connection between these two areas.

According to records, all 10 bridge piers have been completed, and the work of installing bridge span girders is being urgently carried out so that the project can be completed by the end of 2024. Along with that, Rach Dia bridge in Nha Be has been closed on September 23, expected to open to traffic in the fourth quarter, reducing congestion and ensuring continuous traffic on Le Van Luong street.

The most important project in Nha Be connecting District 7 is the underpass at the Nguyen Van Linh - Nguyen Huu Tho intersection, which also opened a branch of the underpass (HC2) on October 4, an important turning point in solving traffic jams and accidents in the Nha Be gateway area, creating conditions to promote economic development. The remaining tunnel branch (HC1) is also being accelerated, expected to be completed by the end of 2024.

Previously, at the end of August 2024, the Cay Kho bridge project was officially completed, shortening the route from Nha Be to Binh Chanh from 10km to 500m. In addition, in the fourth quarter of 2024, the Ben Luc - Long Thanh expressway is also expected to complete the 3km section from the Ho Chi Minh City - Trung Luong expressway interchange to National Highway 1A.

Mr. Thai Hoang - a long-time investor in the South of Ho Chi Minh City shared: "It can be said that this is the "golden" time to invest in Nha Be area because of the strong push from infrastructure, real estate here will also increase in value in the near future".

New primary supply appears in Nha Be

With rapid infrastructure development and systematic planning, Nha Be is gradually transforming into one of the most livable and investment-worthy areas in Ho Chi Minh City. Investors predict that the real estate value here is expected to continue to increase, following the development of infrastructure and the market economy in the coming period.

According to statistics from the trading floors of a large real estate company in South Saigon, in just the past 6 months, the selling price of apartments in Nha Be and District 7 has increased by 10-15%, and this trend is expected to continue to increase in the coming time. According to the survey, the price of projects on Nguyen Huu Tho street is currently fluctuating from 65-75 million/m2.

However, according to the assessment, District 7 is "running out of steam" when there have been no new projects implemented since the beginning of the year. This place is still the main playground of some investors such as Phu My Hung with the low-rise project Larcade and shophouse Midtown. The Peak Garden project of Hung Loc Phat, Shizen Homes of Gotec Vietnam after the time of entering the market, has been quiet until now. Some other projects are also in the construction phase or have just been handed over, with secondary supply.

In Nha Be, the situation has improved when the Celesta Avenue project, jointly developed by Keppel and Phu Long, started construction in July 2024, providing 43 low-rise apartments to the market. Or most recently, the Essensia Sky project of investor Phu Long also started construction in September 2024, expected to be introduced to the market in November.

Essensia Sky Twin Towers with a 26-storey sky bridge include 424 apartments and penthouses, with areas ranging from 74 - 347m2. The project has a prime central location in the vibrant green area of ​​South Saigon, located on the North-South Nguyen Huu Tho road, a vital traffic route connecting the Western provinces and only 15 minutes from the center of Ho Chi Minh City, near Metro Line 4 stop.

It is known that Essensia Sky is developed in a green - health orientation with more than 50 health care facilities for residents. This is also a rare project on the market that is granted a construction permit.

According to many experts, with Nha Be's strong growth momentum, projects with advantages in location, quality living space and full legal status such as Essensia Sky will quickly be well absorbed.