Currently, the population growth rate of Ho Chi Minh city is very high. As of early 2020, Ho Chi Minh City has 9 million people, if immigrants are included, it will be 14 million people. It is expected that by 2030, the population of Ho Chi Minh City will reach 24-25 million people. Urbanization and population are putting great pressure on infrastructure and transportation. Faced with this situation, Ho Chi Minh City is studying many solutions such as rearranging districts or expanding to the South.
To solve the problem of urbanization and population growth for Ho Chi Minh city, experts have offered many solutions; In which, it is not able to expand the city’s boundary to the south, specifically in the direction of Can Giuoc (Long An province). The reason is that at present, urbanization in urban sub-regions such as Can Giuoc is very high, it forecast to reach 90% by 2030.
On the other hand, the current regional planning scheme identifies 3 districts including Ben Luc, Can Giuoc and Duc Hoa, Long An province will be the satellite urban of Ho Chi Minh City. Therefore, in order to bring Can Giuoc to quickly develop, meet the needs of expansion. Traffic connecting with Ho Chi Minh city is being urgently deployed.
Specifically, in 2021, 7 routes connecting Long An – TP
Ho Chi Minh City is upgraded and expanded from 4 lanes to 6 lanes, with a total cost of 24,400 billion VND, expected to be completed in 2025. Of these, there are 4 routes passing Can Giuoc including National Highway 50, section Binh Chanh – Can Giuoc; road parallel to National Highway 50, section Binh Chanh – Can Giuoc; Le Van Luong street – DT826C; Long Hau street – DT826E-Nguyen Van Tao road axis has a 60m road plan, which is also planning.
Before that, Long An had completed many important plans and was ready to welcome the investment wave from Ho Chi Minh City. Ho Chi Minh City spread to, such as the master plan for traffic development. The planning of the waterway transport system. The inland waterway port, the planning of the connection points of the National Highways N1, N2, 14C…
In addition, when important infrastructure plans such as the North-South axis, Ring 3 & 4, Ben Luc – Long Thanh expressway, Metro line 4… come into completion in the near future, Can Giuoc will own Convenient inter-regional transportation system to the city. Ho Chi Minh City as well as provinces in the southern key economic region. At that time, the travel and trade between Can Giuoc and the city. Ho Chi Minh will be even faster.
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Leading the way for breakthrough real estate
According to the real estate business world. With the advantage of a breakthrough in planning and infrastructure development with many key projects that have complet, are being completed. And put into use in the future. The real estate market Southern products are leading the market.
To meet the region’s socio-economic development needs, in recent years. Many prominent infrastructure projects in the South have also invest such as Nguyen Van Linh – Nguyen Huu Tho intersection, Metro line No. , widening Nguyen Van Linh, Nguyen Huu Tho. Nguyen Van Tao… These arterial roads have all raise to the road from 4 lanes to 6-8 lanes.
In addition, the GS Metrocity Nha Be project – one of the large-scale and international-sized urban areas in the South Saigon area with a scale of up to 365 hectares, roughly equivalent to Phu My Hung is also the focus of the current real estate market. This project is located on the North-South route connecting with Hiep Phuoc Port urban area and the center of the city, promising to continue to bring a new model and most livable urban area in the South Saigon area.
Currently, Can Giuoc has more than 170,000 people living and working
The system of utility services already exists and is vibrant with an administrative, commercial. And entertainment center. Making Can Giuoc an ideal place to settle down. Simultaneously, the speed of urbanization in the South with the focus on Phu My Hung is spreading rapidly to Nha Be with the GS Metrocity urban area and soon Can Giuoc.
At the arterial roads of the South, residential areas and urban areas distribute increasingly densely. The population density is increasing every year. Leading to the formation of high-class facilities such as big shopping centers, large hospitals, international schools… This will bring higher and higher living standards for residents here.
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In addition to local residents, Can Giuoc also attracts tens of thousands of experts, engineers, young workers to work in Southeast Asia industrial zones, Long Hau 1 & 2 industrial zones, Tan Kim industrial zones… creating housing demand. Due to the rapid socio-economic development, the formation of residential and urban projects is an urgent need here. This project is located on the North-South route connecting with Hiep Phuoc Port urban area and the center of the city, promising to continue to bring a new model and most livable urban area in the South Saigon area.
Although located adjacent to the city
Although Ho Chi Minh City consider a strategic satellite city in the trend of population expansion. The land price level in Can Giuoc is still quite low compared to some areas of Binh Duong, Dong Nai, and Ba Ria – Vung Tau. Currently, the price of land in Can Giuoc is fluctuating around 25 million VND/m2, townhouses from about 30 million VND/m2. The price of land in front of National Highway 50 is also only from 50 to 70 million VND/m2.
With a great price increase from the fast-spreading urbanization from Phu My Hung, Nha Be, and large infrastructure projects. Regional transport links bein implemented, investors think. The price level of Can Tho Giuoc in particular and Saigon South, in general. Will continue to increase strongly when the transport infrastructure fully deploy. On the other hand, in the coming time, housing demand in Long An forecast to grow explosively. Therefore, experts believe that lowering money to buy products during the current “pre-emptive” period will help investors. Customers easily reap sweet fruits.
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