Why apartments along HCMC Ring Road 3 sell well

By Gia Huy, Tuong Thuy
Sat, June 4, 2022 | 8:52 am GMT+7

As Thu Duc city on the outskirts of Ho Chi Minh City offers convenient traffic conditions, real estate projects adjacent to key routes like Ring Road 3 have continuously attracted both buyers and investors.

Ring Road 3, the backbone

Several major traffic infrastructure projects have been kicked off by the government to support Thu Duc’s development. In particular, the government considers construction of Ring Road 3 in the area and expressways in southern Vietnam as urgent tasks. The 76-kilometer beltway, which will connect HCMC with the neighboring provinces of Dong Nai, Binh Duong, and Long An, is expected to enhance regional links and economic development.

A section of Ring Road 3 on the outskirts of Ho Chi Minh City. Photo by The Investor/Gia Huy.

A section of Ring Road 3 on the outskirts of Ho Chi Minh City. Photo by The Investor/Gia Huy.

The HCMC administration expects Ring Road 3 to create a strategic traffic axis that would help remove transportation bottlenecks.

Ring Road 3, along with the completion of Ring Road 2 and construction of Ring Road 4 in the years to come, as well as the construction of Long Thanh International Airport in Dong Nai province and satellite towns, will all create strong development forces for Southern Key Economic Zone. Therefore, Thu Duc city will benefit from the advantages.

Thu Duc city, a hot spot

Thu Duc has recently seen a strong increase in real estate prices, up to twice the average or more in certain areas. Therefore, potential homeoweners have found they cannot afford their own properties.

However, when the MT Eastmark City complex in Thu Duc’s center introduced its riverside tower with prices starting from VND39 million ($1,682) per square meter, it became the hottest deal in town. The tower offers three frontage directions - Ring Road 3, and streets Truong Luu and Lo Lu, providing great traffic access, etc.

An artist’s impression of the MT Eastmark City complex in Thu Duc city on the outskirts of HCMC, southern Vietnam. Photo courtesy of MT Eastmark City.

An artist’s impression of the MT Eastmark City complex in Thu Duc city on the outskirts of HCMC, southern Vietnam. Photo courtesy of MT Eastmark City.

The project, which includes seven hi-end apartment blocks on 15 hectares, is designed as an all-in-one integrated urban area. Another advantage is pricing as housing prices in the area have climbed to VND55 million ($2,372) per square meter and over, possibly even double.

Indoor facilities for an MT Eastmark City apartment. Photo courtesy of MT Eastmark City.

Indoor facilities for an MT Eastmark City apartment. Photo courtesy of MT Eastmark City.

Paying a visit to the project, Trong Minh from HCMC’s District 3 said a buyer needs to pay 20% of the buying price initially - equivalent to VND550 million ($23,717) and enjoys a grace period of up to 18 months. He said the payment program is suitable for a young couple if their total monthly income starts from VND40 million.

As for investors, with location and quality taken into consideration, high-end apartments with prices offered by MT Eastmark City are safe places to invest and profit. With the increase rate of house prices in Thu Duc, a transfer after five years’ investment could deliver profits as big as the initial investment, while they can also earn rental.

Notably, Thu Duc is already planned to become a smart city, home to large-scale industrial parks and export processing zones, schools, and many other facilities.

Comments (0)
  • Read More
Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7

Vietnam's MobiFone officially launches 5G services

Vietnam's MobiFone officially launches 5G services

MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.

Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.

Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7

Vietnam willing to open doors to US agricultural products: minister

Vietnam willing to open doors to US agricultural products: minister

Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.

Economy - Thu, March 27, 2025 | 3:08 pm GMT+7

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.

Industries - Thu, March 27, 2025 | 12:15 pm GMT+7

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.

Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7

S Korea's SK set to divest from Vietnam's giant Vingroup

S Korea's SK set to divest from Vietnam's giant Vingroup

South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.

Companies - Thu, March 27, 2025 | 11:30 am GMT+7

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.

Economy - Thu, March 27, 2025 | 9:29 am GMT+7

Fund inflows help stabilize Vietnam's stock market: analyst

Fund inflows help stabilize Vietnam's stock market: analyst

As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).

Finance - Thu, March 27, 2025 | 8:30 am GMT+7

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.

Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.

Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7

Indonesia, China cooperate in digital technology

Indonesia, China cooperate in digital technology

Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.

Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7

Indonesia decides to join BRICS New Development Bank

Indonesia decides to join BRICS New Development Bank

Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.

Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7

Major Vietnamese broker SHS to double charter capital

Major Vietnamese broker SHS to double charter capital

Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.

Companies - Wed, March 26, 2025 | 8:30 pm GMT+7

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.

Industries - Wed, March 26, 2025 | 5:18 pm GMT+7