Ho Chi Minh/ Saigon has planned Thu Thiem as the hugest project of morden and development of city in 21th decade.
This article is going to explain it aslo brings you extra information to be better in real estate investment.
Green land fund reservation
The idea of expanding the city center to Thu Thiem, actually, existed before 1975 when this peninsula was considered a RESERVE LAND FUND to expand the center of Saigon with an increasing population size.
According to Mr. Hoa who is director of Research and Development of Ho Chi Minh City (former director of the Department of Planning and Architecture of Ho Chi Minh City), the existing center of the city in Districts 1 and 3 was planned and built during the French period for an urban area of about 500,000 to 2 million people. However, the current population is much larger, forcing Ho Chi Minh City to expand the central area which be able to meet the living needs of the people. The city decided to expand the existing central space to Thu Thiem and consider it the nucleus for the city's development in the 21st century.
Geographical location
With an area of 737 hectares, Thu Thiem is strategically located within the Northeast growth belt of Ho Chi Minh City. Unique location opposite and only a short distance (9 min by car est.) from the historic downtown core area of District 1 by the Saigon River.
The location is convenient in terms of traffic as it is the GATEWAY, the first point of the intersection of the Hanoi highway to the northern provinces. The East-West Highway passes through Thu Thiem peninsula connecting the western provinces with the Southeast, connecting with the Long Thanh - Dau Giay highway, creating a connection with the other side of the Dong Nai river. In addition, the distance from Thu Thiem peninsula to Long Thanh international airport (Dong Nai) in the future is not too far when traveling by highway (1h by car est.)
Insfrastructure
Since the plan was approved by the city, this area has received the city's investment attention with a lot of infrastructure projects being built. Thu Thiem has SYNCHRONOUS TRANSPORT infrastructure with some road project already have been in use. There are significant points to note that the 1st river tunnel of Vietnam and 5 bridges be like an outstreched hand connect Thu Thiem to the economic center of Ho Chi Minh city.
- Some new roads such as Mai Chi Tho Street, Arc Avenue (6 lanes), central lakeside road (4 lanes), Saigon riverside (2 lanes)... have been put into use.
- Currently, Thu Thiem 1 bridge (Thu Thiem - Binh Thanh) has been completed since 2010, Thu Thiem tunnel (Saigon River) was also put into use more than 2 years ago.
- Thu Thiem 2 Bridge (Thu Thiem - District 1) is in the process of 70%.
- The pedestrian bridge connecting Thu Thiem with District 1 (at Me Linh Square) in plan.
- Thu Thiem 3 and 4 correspond to District 4 and District 7 will be built in the near future.
Density and "warranty card" of Government
For 10 million modern cosmopolitan needs, the government closely monitors the planning of the projects density and quantity in this area and strictly approved, especially for low-rise and high-rise areas to ensures that the living experience of current residents will not change over time for at least 50-100 years. If the investor changes the planning or improperly implements the general infrastructure plan, the Planning Department will intervene in a timely manner. This is considered as a WARRANTY CARD for buyers when investing the projects in Thu Thiem. And it is also the difference that creates the biggest attraction for this area.
For extra information of Thu Thiem projects, please click here.
SUM UP
The Thu Thiem New Urban Center Construction project is a key project of Ho Chi Minh City in the early 21st century. This will be a strategic project, opening up opportunities to accelerate development in all aspects and upgrade HCMC. With the main functions of being the financial, commercial and high-class service center of the city, this is also a center of culture, entertainment, pleasure taking on a number of functions and capabilities that the existing city center lacked and limited.
Thu Thiem new city financial commercial and high-class service center Thu Thiem new city financial commercial and high-class service center Thu Thiem new city financial commercial and high-class service center Thu Thiem new city financial commercial and high-class service center Thu Thiem new city financial commercial and high-class service center