Expensive location
District 9 holds an important position at the gateway of the city, has a very important trade meaning thanks to the following contiguous points:
- East: bordering Dong Nai
- West: bordering Thu Duc district
- Southwest: bordering District 2
- North: bordering Di An – Binh Duong
As a result, this area has the ability to quickly connect to other districts of the city and neighboring provinces.
The largest District in Saigon
This is the district with the largest area among the city’s districts with 114 km2 (excluding the area of Districts), more than 2 times the area of District 2 (49.74 km2) and more than 15 times the area of District 1. (7.73 km2)
Contrary to the spacious land area, the population density of District 9 is currently lower than that of other districts. According to statistics from the Ho Chi Minh City Department of Statistics, the population of District 9 is 310,107 people in 2019, much lower than the population of Thu Duc District (528,413 people – an area of 48 km2), Tan Phu District (464,493). people – area 16.06 km2)
Therefore, in order to reduce the burden on housing demand for the central districts, it is imperative that the city government implement a policy of mechanical population expansion in periphery areas. And District 9 is one of the important destinations of this plan. According to the direction of the city, District 9 and District 2 will be planned as creative urban areas in the East
Infrastructure
Because of Located in the development strategy of the East of the city as well as having an expensive geographical position, District 9 has received a lot of investment and attention from the government, especially infrastructure.
Specifically, up to now, the total amount of capital used to invest in transport infrastructure connecting to the East Saigon area has reached 245,000 billion VND, most notably the parallel highway project Ho Chi Minh City – Long Thanh – Dau Giay with a total capital of VND 808 billion. Major roads such as Ring Road 2 are also expanded with 6 lanes to reduce traffic congestion at peak hours. Several such projects will finish shortly, including Ring Road 3; Long Thanh–Dau Giay Expressway; and Long Thanh International Airport. In addition, the Metro 1, Ben Thanh – Suoi Tien lines that will soon come into operation will quickly connect District 9 with central districts.
In addition, the city also invested thousands of billions of VND to upgrade and expand the main traffic axes such as Nguyen Duy Trinh, Nguyen Xien, Do Xuan Hop, build Phu Huu bridge, Tang Long bridge, etc., contributing to reducing pressure. traffic for the area, helping the movement of goods take place faster. This is the key factor that drives the real estate market in District 9 to grow and increase rapidly in value.
Along with the boom in transport infrastructure, District 9 is also a “bright” locality when it continuously attracts the world’s leading corporations such as Japan, Korea, France, the US, etc. to pour capital. Typically, two technology “giants” Intel and Samsung are busy operating in the high-tech park, Ascendas Group and Saigon Bund Capital Partners are preparing to build OneHup Saigon complex or Allied Telesis INC and Co. Quantus Corporation with the project of a Medical – Commercial Complex, etc. Before the great investment attraction, the City People’s Committee has approved the construction of a 200-hectare Science and Technology Park project in Long Phuoc ward that will be where focus on research, application of advanced technology in production, creating products of good quality. This has shown a bright prospect of the real estate market in District 9 when a large number of experts, engineers and workers gather here to work and live.
In addition, many educational, commercial and medical projects have also been invested to increase the attractiveness of District 9. Right now, a series of high-class facilities have been put into use such as Vincom Plaza Le Van. Viet, Co.opmart, Suoi Tien tourist area, National cultural and historical park, The BCR Club eco-tourism area, Golf course, National University,… In the near future there will be more bus stations The new East, Oncology Hospital 2, FullBright University, University Village, Aeon Mall, Suoi Tien Depot, etc. have been put into use, turning District 9 into a potential land for investors and an ideal place. to settle down and settle down.
Overal, District 9 is currently the most potential area for real estate investment when in fact, for a few years the district has been attracting major interest with some experts thinking it can surpass district 2 as an investment destination in the near future.
