WEEKLY REAL ESTATE Bulletin (July 5 - July 12, 2020)

WEEKLY REAL ESTATE Bulletin (July 5 - July 12, 2020)

As usual, Indochina International Investment & Appraisal Joint Stock Company (INA) gathered the news of the past week to give readers a better view of their real estate investment orientation.

"Unlocking" infrastructure project of Cat Lai urban area.

In the east of Ho Chi Minh City, real estate is being promoted in transport infrastructure, leading to the emergence of urban areas. In all types of public real estate, there are strong changes.

Besides that

Typically Thu Thiem 2 is being promoted and construction progress:

Project: the starting point is the highway of 2 Ton Duc Thang - Le Duan streets, District 1. The end point is Arc Road Boulevard R1, Q2.

Bridge type: Asymmetric cable-stayed bridge

Total length of the bridge: 1.4 km

The longest distance: 885 m

North: Saigon River

Commencement date: February 3, 2015

Bridge height: 113 m

Main span: 885 m

The bridge has a scale of 6 lanes: including 4 lanes for cars and 2 for lanes mixed.

Expected to 09/2020, the project is conducted "Hop Long" connecting 2 spans of the bridge, expected to open technical vehicles by the end of 2020.

The growth of infrastructure has led to an increase in apartments, apartments, shophouse, officetel.

Following changes in the infrastructure of the East. In addition, there are some inadequacies of the legal provisions on the development of individual houses of households and individuals. Next are the limitations in the law enforcement work of state management agencies, especially the grassroots level. There are also illegal housing, apartment projects aimed at speculating or even cheating investors.

Difficulties after the Covid-19 epidemic period began in late 2019 and early 2020. Opportunities for large investors when the market massively deals large-scale land transfer.

Large corporations, real estate and real estate companies all have plans to acquire land banks in suburban markets, industrial projects and transactions with apartment building projects, officetel, big shophouse.

In addition, the regulations strengthen and support the recovery of the economy from the government. Infrastructure in the suburbs is having more recovery opportunities and big, medium and small projects are developing accordingly. But with those benefits, investors also need to keep in mind when the projects show signs of fraud. 

To ensure the value and legality of the projects before investing, you can contact us for a free consultation.