Proposing to include riverside Boulevard in the planning of Ho Chi Minh City - Moc Bai highway 2021 - 2022

On August 30, the Department of Planning and Investment of Ho Chi Minh City worked with the Ho Chi Minh City Real Estate Association (HoREA) and Tuan Chau Group to hear a report on the product SG Riverside Boulevard.

Here, HoREA proposed to the city's functional departments to request the Ministry of Transport and Communications to add the product of Saigon River Boulevard to the planning of the Ho Chi Minh City - Moc Bai highway (Tay Ninh).

The company analyzed that, if the plan is implemented, this avenue will connect the center of Ho Chi Minh City from Bach Dang Wharf (District 1) with the western districts such as Hoc Mon, Cu Chi, District 12, Go Vap.

In addition, the project also helps to upgrade the area of Ben Cat district, Binh Duong province; Trang Bang district, Tay Ninh province; Duc Hoa district, Long An province. That will help break the monopolistic position of Highway 22, the Trans-Asia Now Road.

Upgrading the infrastructure of Long An and the Northwest of Saigon

Such an investment route will create conditions for the development of the Northwestern urban area of Ho Chi Minh City with an area of 9,000 hectares, which has been built for more than 15 years and has not yet been implemented.

According to Mr. Le Hoang Chau, Chairman of HoREA, to increase the feasibility of the project, the city needs to bid for each factor product. Currently, Ho Chi Minh City is also adjusting the construction of the transport infrastructure chain to 2030, so it is urgent to add this product to a part of the Ho Chi Minh City - Moc Bai expressway to take advantage of the current land fund. local property.

SG Riverside Boulevard is the idea proposed by Tuan Chau Power Plant to the People's Committee of Ho Chi Minh City since the beginning of 2017, after surveying and planning the project.

In addition to such a road, Tuan Chau Group also proposes to build SG New City products and a new urban center space lake; Port and marina urban area project, meditation monastery, spiritual tourism, artificial sea, creating 3 m high waves to filter clean water, guarantee for 10,000 people to bathe in Can Gio district and the project to relocate the market Kim Bien substance.

There, the boulevard along the Saigon River has a length of about 61 km, connecting from Ben Suc bridge (Cu Chi district) along the Saigon River to the end point is Ton Duc Thang - Ham Nghi junction, passing through Cu district Chi, Hoc Mon, District 12, Binh Thanh District, and District 1.

If implemented, Tuan Chau Power Plant commits to complete and put into operation in 18 months. Such a company claims to have worked and linked with partners such as banks, contractors, construction material corporations, etc., to arrange capital for products.

However, many people question the feasibility of the project and the actual capacity of Tuan Chau Power Plant.

In August 2017, Mr. Tran Quang Lam, Deputy Director of Ho Chi Minh City Department of Transport, commented that the project of SG Riverside Boulevard from District 1 to Cu Chi that Tuan Chau proposed is completely new in the fund. urban traffic. Currently, the Department of Planning and Implementation has only received the latest statistics of the investment unit on implementation details. The city is carrying out procedures to update the planning and evaluate the area of the project.

Mr. Lam also noted that this is a large project and must be evaluated based on the overall construction of Ho Chi Minh City, which includes many related issues, so it cannot be resolved overnight.

"Whether the product is deployed or not, it is no longer necessary to recalculate the investment capital and implementation method," Lam said.

The real estate mayor of suburban areas such as Duc Hoa, Long An and the Northwest area of Ho Chi Minh City including: District 12, Hoc Mon District, Cu Chi will return to the exciting period in 2017 by the proposal of Ho Chi Minh City Highway Planning – Good Moc Bai is still standing still and “running away” in 2018

In the middle of 2019, Cu Chi real estate plunged

In fact, at the real estate notary office of Cu Chi district (Cu Chi town, Cu Chi district), we record notarization activities and real estate records (Cu Chi real estate) significantly decreased compared to 2-3 months ago.

Contact with the staff of the real estate notary office here, it is known that the number of documents decreased by about 30-50% compared to the time when the land was hot, the notary people also decreased significantly compared to before. This employee said that, around March & April 2018, the number of guests who came to notarize documents was full, the office was full, there was not even a place to squeeze, Now the number of documents has decreased a lot.

A bank employee who is making documents for customers here also said that compared to about 3 months ago, customers making loan applications decreased sharply, but compared to a month ago, the number of customer records is now Bank loans to buy land are slightly better.

Ho Chi Minh City - Moc Bai Expressway passes by Cu Chi real estate

A customer who is both an Investor and a stork said

Sitting next to such an employee, Mr. Khanh, who is both an investor (investor) and a "stork" of Cu Chi's land, said that when the land was hot, not only investors but also actors, singers... pull each other down here to buy land to deploy surfing, Currently that situation is no longer available. Transactions Now take place in moderation at real demand.

According to Mr. Khanh, from the time Decision 60 was issued, the area's land has completely subsided. Around May 2018, the transaction was on a hot trend, suddenly turned to cool down, many investors came out to collect cash flow. But, Currently, the amount of goods of investors is still quite large and has not been released yet.

Find out at the Tan Quy notary office (provincial road 8, Tan Thanh Tay commune, Cu Chi) it is known that the number of real estate documents has decreased by about 20% compared to 2 months ago. An employee here said that when the land was feverish, employees often worked past office hours because of the continuous number of records, but now, the days are absent, the days of arrival, and the arrival of guests are uneven.

Investors flocked to Duc Hoa, Long An land in 2018

Ho Chi Minh City - Moc Bai Expressway passes through Duc Hoa and Long An

According to the real estate market around the Ho Chi Minh City - Moc Bai highway, in 2018 and especially from mid-2018 until now. Almost everyone and even investors in resort real estate and real estate in special economic zones flocked to projects in the suburbs of Ho Chi Minh City after the government issued a document banning transactions in these areas. this special area. This makes retail investors almost all focus on suburban real estate projects. Among them, typical is German real estate, Long An. Adjacent to Ho Chi Minh City - Moc Bai highway

See more at: Bat Dong San Long An