Metro Line 1 (HCMC) will be operational at the end of December 2024, a great opportunity for real estate in the East, where there are potential projects, notably The 9 Stellars (SonKim Land).
The 9 Stellars urban area with a central location connecting the infrastructure of the Eastern region
Metro Line 1 promotes strong transformation in the East of Ho Chi Minh City
Metro Line No. 1 (Ben Thanh - Suoi Tien) in Ho Chi Minh City, expected to officially come into operation on December 22, 2024, will mark a breakthrough in the development of the city's transport infrastructure.
This is the first metro line in Ho Chi Minh City, connecting the city center with suburban districts such as Binh Thanh, Thu Duc, Go Vap, Tan Binh. This metro line not only attracts residents, helps disperse the inner-city population, reshapes the planning, creates strong development opportunities for surrounding areas, but is also a strong driving force for domestic and foreign investors.
In particular, the East of Ho Chi Minh City, especially Thu Duc City, is expected to benefit the most from this change. Modern transport infrastructure, with connections between metro and important roads, will shorten travel time from inner-city districts to suburban areas and vice versa, at the same time, opening up profitable opportunities for both investors and residents.
In fact , real estate around metro stations often has higher selling and rental prices than other areas. Specifically, in Singapore, apartment prices within a 400m radius of a Circle Line station were about 15% higher than those outside this range when the metro line was put into operation in 2012. In Kuala Lumpur, in the period 2017-2018, apartment prices within 800m of train stations were 30% higher than the city average. In Bangkok, real estate prices near metro lines increased from 7% to 21%, depending on the distance to the station. (Source: https://dangcongsan.vn/kinh-te-va-hoi-nhap/cac-tuyen-metro-van-hanh-tac-dong-len-gia-bat-dong-san-ha-noi-679056.html)
In Hanoi , within 1 year from the third quarter of 2023 to the fourth quarter of 2024, the average price of apartments in Cau Giay district within a 500m radius around the Cau Giay - Nhon metro stations increased by over 40%. In particular, the metro station has impacted the surrounding real estate prices to increase by 5% -15% higher than the general price increase.
Metro Line 1 will officially operate at the end of December 2024
The 9 Stellars – Investment focus, leading the way in infrastructure
In the East of Ho Chi Minh City, with the development of metro line 1, especially projects with real value such as The 9 Stellars, it is forecasted that there will be strong growth in real estate value in the coming years.
Located right at the Suoi Tien Bus Station metro station, SonKim Land's The 9 Stellars urban area has an advantage thanks to its central location in the center of Thu Duc City, connecting the eastern area of Ho Chi Minh City with the inner city districts. From this location, residents of The 9 Stellars will easily move to the central districts in a short time - only 20 minutes to District 1 and 15 minutes to District 2 via the metro line.
Optimizing convenient traffic connection location, The 9 Stellars pioneered in building a model TOD (Transit-Oriented Development) urban area, prioritizing connectivity, synchronizing traffic infrastructure, and applying technology to operations. This not only improves the quality of life of residents but is also a key factor in helping real estate grow sustainably. The project is designed in a modern style with green living space, diverse internal facilities such as swimming pool, gym, park, high-class commercial area...
Perspective of Alta Villa, unique lakeside location at The 9 Stellars
In fact, real estate villas are always sought after by investors because of their sustainable growth. Alta Villa inherits the infrastructure connection location of The9 Stellars, bringing an attractive investment opportunity. In addition, each villa is completed with superior quality, according to international standards by developer SonKim Land - known for quality projects such as The Metropole Thu Thiem. The9 Stellars is expected to be the second The Metropole in the East.
The East of Ho Chi Minh City, with Thu Duc City as the center, is being planned to become a key development area in the future. The synchronous development of the transport infrastructure system, especially metro lines and large real estate projects, will help the East become a bright spot in the real estate market in the next 5-10 years.
With outstanding advantages in location, design and growth potential, The 9 Stellars is an option not to be missed by investors looking for sustainable long-term profit opportunities.
Learn more about The 9 Stellars project at: The 9 Stellars
Source: https://diaoc.nld.com.vn/the-9-stellars-tam-diem-dau-tu-moi-tai-khu-dong-nho-song-ha-tang-metro-1-19624121011331521.htm
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