REAL ESTATE IN THE EAST MAINTAINS THE HEAT REGARDLESS OF THE PANDEMIC

Despite many challenges from the COVID-19 pandemic in 2020, the real estate projects in the East show no sign of cooling down.
Strategically located in the Southern key economic quadrangle Ho Chi Minh City – Binh Duong – Dong Nai and Ba Ria – Vung Tau, the Eastern area of Ho Chi Minh City has been an attractive real estate market in the eyes of investors. It possesses many iconic works, well-developed infrastructure, and public works. Notably, after the government agreed with a policy of establishing Thu Duc city by merging three districts of 2, 9, and Thu Duc district, this area becomes more attractive than ever.
Situated in the heart of the growth, accordingly, the value of the real estate in District 2 is at an extremely high level. Despite the market fluctuation due to the pandemic, projects that were, have been, and will be launched in Thu Thiem NUA such as The Metropole Thu Thiem, The River…still attract huge attention from investors who have a long-term vision towards the potential value-added of these projects.

Sharing with Property Insight Editorial Board, Mr. Andy Han Suk Jung – CEO of SonKim Land said, “In the exclusive premiere launch event of phase 3 – The Opera Residence of our The Metropole Thu Thiem project, 20% of bookings were Korean customers. The reason the project is interested and chosen by many Koreans because they have witnessed the development of Gangnam since the 1970s. With the current conditions of Thu Thiem, Koreans are confident that Thu Thiem will become the next Gangnam in Asia. Possessing many outstanding advantages, with a unique location at the foot of Thu Thiem 2 bridge and pedestrian bridge, adjacent to the new iconic works of the city, with spectacular views of the Saigon River, District 1, Central Lake… If the first 2 phases of The Metropole Thu Thiem, The Galleria, and The Crest Residence, were 100% reserved right at the launch event, The Opera Residence impressed the public for the third time with more than 90% of the apartments booked at the event. Despite the pandemic, this result not only affirms the profitable potential of The Metropole project in general but also continues to confirm a strong imprint for the value of the real estate in the East in particular. This is a good sign for the real estate market.”