Apartment prices in Thu Thiem increased nearly 120% in 6 years 3
According to Rever survey data, high-rise house prices in Thu Thiem urban area continuously skyrocketed year by year during the period 2015-2021.
The Sala urban area project in functional subdivision No. 5 of Thu Thiem urban area was recorded in 2015 as having a starting price of 40-50 million VND per m2, currently up to 85-150 million VND per m2, an increase of 80-80 million VND per m2.
In functional subdivision No. 3 of Thu Thiem urban area, The River project has sold about 1,100 apartments to the market since 2020 with a starting price of 100 million VND per square meter and has now recorded transactions at 130 million VND per square meter.
Thu Thiem urban area viewed from above.
Meanwhile, in functional subdivision No. 1 of this urban area, The Metropole Thu Thiem project has a starting price in 2018, 2019 and 2020 with 3 phases of 95, 115, 160 million respectively.
The first phase products with a scale of 456 units, by the end of this year, had increased in price by 52.6%, the highest price increase of this project due to handover.
In functional subdivision No. 2B of Thu Thiem urban area, the Empire City project phase one and two was handed over in 2020-2021. At the time of opening 4 years ago, the starting price was 70-90 million VND per hour.
According to Jones Lang LaSalle (JLL) Vietnam, in the past half decade, apartment prices in the Thu Thiem area have continuously escalated both in the primary and secondary markets.
The reason apartment prices in Thu Thiem are continuously increasing, according to JLL, is due to the prime location, only a few minutes from the center of District 1, and synchronous planning.
Perspective of 8 functional subdivisions in Thu Thiem urban area.
Located on the East bank of the Saigon River with an area of 657 hectares, Thu Thiem urban area is divided into 8 functional areas with separate functions.
Functional Area No. 1 is located in the northern half of the Central Core Area of Thu Thiem new urban area, which is a high-density multi-functional commercial and service center…
Functional area No. 2 is located right in the south of the central area, including a commercial and multi-functional residential area, sports and entertainment area, apartments, and high-class hotels.
Functional area No. 3 is a multi-functional commercial area located along the Arc Avenue.
Functional area No. 4 is located in the north of Thu Thiem, a multi-functional residential area.
Functional area No. 5 is partly a mixed residential area (high-rise mixed with low-rise and commercial) but mainly focuses on many community functions…
Functional Area No. 6 is the concentration of economic activities, medical services, education and information technology research area with Software Park in the north of East-West Avenue.
Functional area No. 7 in the East of Thu Thiem, includes many different functions.
Functional area No. 8 is designed to ensure green space for the entire Thu Thiem, most of the area here is mangrove land and waterway routes.
This area is currently 220 hectares of natural ecological park of Thu Thiem new urban area.
