This latest urban zone may be the flagship project from the new Saigon. Envisaged being an extension from the CBD around the East bank from the Saigon river and believed to become performed by 2025, it targets being a service, finance and trade hub of top quality. This colossal and challenging project, which has lengthy been placed on hold because of flooded fields, covers a place of nearly 750 hectare and it is somewhat reminding us from the incredible growth of Pudong in Shanghai.
Both marinas and legendary skyscrapers will pave the best way to an extravagance property market. A key challenge while Saigon urbanization is preserving eco-friendly areas as well as an urban quality of existence. While the metro construction in ongoing, local government bodies didn’t hesitate to produce the very first pedestrian street within the historic center from the city.
Great weather, a regional manufacturing hub, an increasing consuming population having a still very economical living costs, a very beautiful and wealthy culture with great cuisine, soon based on modern infrastructure and efficient transport system, can make Saigon the following big Asian destination. This boom in infrastructure will drive property market prices. Housing market that is now firmly in recovery mode still limited to 70 % of costs peak 2008 levels. The outlook is extremely vibrant for the following 3 years. Forty 1000 new apartments is going to be performed by 2016 if all projects within the pipeline are achieved.
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