After more than three decades since the initial stages of urban development, the appearance and scale of this bustling financial, commercial, and service street in the South are becoming increasingly clear, with an estimated commercial value reaching billions of US dollars.
In the near future, most of the large-scale infrastructure and service projects in Phu My Hung urban area will revolve around this "Broadway Nguyen Luong Bang" location.
Nguyen Luong Bang Street, the billion-dollar Broadway shopping street of the South.
As the largest road in Phu My Hung, with a length of nearly 3km and a width of 48m comprising 6 lanes, Nguyen Luong Bang road plays a crucial role in connecting the central business district (CBD) of Phu My Hung, including the sports and healthcare complex, The Crescent area, the International Financial and Commercial District, and the expanding CBD axis towards the south.
Why is Nguyen Luong Bang Street nicknamed the "Broadway" of Phu My Hung?
Currently, surrounding this central CBD axis are a series of office buildings, hotels, shopping malls, etc., with impressive and modern architecture, attracting hundreds of famous domestic and international corporations and brands from various fields such as finance, securities, banking, insurance, real estate, tourism, shopping, entertainment, education, as well as multinational companies like Unilever, Vinamilk , Manulife, etc., who choose it as their headquarters and office location.
Nguyen Luong Bang Street is also home to SECC, a leading exhibition and convention center in the region, and one of the exhibition halls in Southeast Asia that meets international standards.
Meanwhile, the CBD axis expanding southward, the section of Nguyen Luong Bang Street passing through the Nam Vien and Midtown areas, is considered a "golden location" for the city's most upscale real estate, attracting a stable population of over 24,000 people. Therefore, this expanding financial and service district on Nguyen Luong Bang Street has now formed a bustling mixed-use residential and commercial area.
The entire ground floor of the apartment buildings along this street is dedicated to shops, forming a whole street of interconnected amenities and services that are convenient for both residents and visitors to use and shop. Not only banks, but also a range of brands in retail, supermarkets, convenience stores, F&B, beauty services, etc., have appeared throughout this street. Therefore, owning a long-term, stable business space, or easily renting it out, in this area is always a target for many investors.
Doing business in the financial district, located on the most expensive street in a city planned to American standards, not only offers opportunities to tap into an attractive market share, but also serves as an effective platform for promoting the image and brand of businesses and individual entrepreneurs.
Nguyen Luong Bang Financial and Service Street - The central axis of a series of large-scale projects.
According to the latest information revealed by the investor, a series of commercial and service buildings, hotels, and offices will be developed in the International Financial and Commercial District and the Crescent Lake area; the most notable of which are two projects on Nguyen Luong Bang Street.
Currently, most of Phu My Hung's key infrastructure and housing projects revolve around the Nguyen Luong Bang financial and service street axis.
Firstly, there is the Cultural and Arts Center for residents and the international community. This will be a destination for urban residents and people from surrounding areas, and a center for cultural exchange and artistic performances for the international community.
The second project is a high-end hospital developed by a domestic company in collaboration with a foreign partner, providing services according to international standards.
At the "Exclusive Appreciation, Elevating the Experience" event, attended by over 500 customers, representatives from Phu My Hung shared their vision of long-term and continuous partnership with residents in many aspects.
Alongside the plan to complete urban infrastructure development, Phu My Hung developer also announced that in the fourth quarter of this year, in addition to the plan to renovate the landmark axis of the Canal - Crescent Lake - Starlight Bridge area to enhance the experience for the Phu My Hung The Horizon community and the value of Phu My Hung shops, the company will introduce to the market a high-end apartment project located right on the main financial and service street of Nguyen Luong Bang, the section passing through the Nam Vien area.
This new project in the South Garden area is considered a "limited edition - scarce within scarce, finite within finite". This is because it is one of the last three housing projects on the expanded CBD Nguyen Luong Bang street frontage, with a supply of only 95 units.
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