The operation of Ho Chi Minh City’s Metro Line 1 not only opens up a new mode of transportation but is also quietly reshaping the real estate value landscape. Areas once considered suburbs are being drawn closer to the city center than ever before, while the absolute advantages of the traditional urban core are beginning to be redistributed.

“Just a few hundred meters from the metro station can make a huge difference in price ,” said a long-time real estate agent in the eastern part of Ho Chi Minh City.

 

Distance is no longer measured in kilometers.

When Metro Line 1 Ben Thanh – Suoi Tien becomes operational, travel time from the eastern wards of Ho Chi Minh City will be significantly shortened. Geographical distances will therefore be reduced, leading to a reassessment of land values ​​in the market.

 

Metro Line 1 (Ben Thanh – Suoi Tien) will begin commercial operation in December 2024.

 

Having lived in Phuoc Long ward for over 15 years, Mr. Nguyen Van Hung said that the value of real estate around the area has changed significantly since the metro was built.

“Since the metro was built, we’ve had significantly more real estate agents inquiring about buying houses,” Mr. Hung said.

According to him, the biggest change is not just the price increase, but the level of public interest. Previously, many people were hesitant because they thought going to the city center was too far. Now that there’s the metro, they no longer think that way.

In the area near Binh Thai intersection, Ms. Tran Thi Mai, the owner of a house with a street frontage, said that in recent years the number of people inquiring about buying houses has increased significantly.

According to her, the metro has changed many people’s perspective on geographical location. This is because traveling by metro to the city center is much faster than riding a motorbike during rush hour.

While Ho Chi Minh City’s Metro Line 1 reflects the impact of already established infrastructure, in many other areas, real estate prices are rising upon hearing news of upcoming metro projects.

 

A project along National Highway 13 (formerly Binh Duong province) has seen improved liquidity since news broke about the metro project passing through the area.

 

Along the route of Ho Chi Minh City’s Metro Line 2 , market surveys show that real estate prices on some main thoroughfares such as Cach Mang Thang 8 Street, Truong Chinh Street, and the area around Tham Luong have increased significantly over the past 3-5 years.

Specifically, during the period of 2019-2020, many areas along this route recorded common prices of around 70-90 million VND/m² for townhouses and land plots with street frontage. Currently, prices have been re-established in the range of 110-150 million VND/m², with some prime locations potentially exceeding this level.

Along National Highway 13, real estate prices have also seen a sharp increase in recent years, especially with proposals to develop an urban railway line connecting the area.

In the area near Binh Phuoc overpass, land prices in 2018-2019 fluctuated around 30-40 million VND/m². Currently, the common price has increased to 70-90 million VND/m², and even higher in prime locations with large street frontage.

Furthermore, in Binh Duong New City, land and townhouse prices also increased from around 20-30 million VND/m² to 40-60 million VND/m² during the same period, partly reflecting expectations of infrastructure connectivity, including inter-regional metro lines.

Metro becomes the new pricing criterion.

The metro system is gradually becoming the main pricing driver for Ho Chi Minh City’s real estate market, both for existing lines and those still in the planning stages.

According to real estate exchanges, buyers’ search criteria have changed significantly. While previously, distance to the city center was a common measure, now distance to a metro station is becoming a priority.

 

Property prices along the “future metro lines” have increased by 30%.

 

“A project located 500-700 meters from a metro station (in a less bustling area) always has significantly better liquidity than a project located 2-3 kilometers away (in a more bustling area), even within the same neighborhood,” said a real estate agent in the eastern part of Ho Chi Minh City.

According to experts, the real estate market in Ho Chi Minh City currently has two layers of value. The first is existing value, established in areas with clear infrastructure, such as along the Ho Chi Minh City Metro Line 1. The second is expected value, formed in areas within the metro planning zone, where prices are “predetermined” based on future connectivity.

The gap between these two price levels represents both the potential for growth and the biggest risk zone in the market.

According to Mr. Vo Kim Cuong, Vice Chairman of the Ho Chi Minh City Urban Planning and Development Association, the Transport-Oriented Development (TOD) model primarily benefits residents living around train stations, making travel more convenient and less expensive.

But more importantly, TOD also helps the metro achieve a stable passenger volume – a crucial factor in avoiding large investments that result in inefficient operation.

However, Mr. Cuong noted a crucial point: the majority of metro users are middle and low-income earners, while high-income earners still tend to use private vehicles. This creates a paradox: as land prices around the metro increase sharply as expected, the group that truly needs the metro risks being pushed further away.

 

Many apartment projects are accelerating their development and offering units for sale, capitalizing on the metro announcement.

 

From a planning perspective, Dr. Architect Ngo Viet Nam Son believes that real estate values ​​around metro stations do not increase randomly, but rather differentiate according to a clear structure.

A typical TOD (Transit-Oriented Development) area consists of three layers: The core zone (800m – 1.2km) – where value increases most significantly, equivalent to a 10-15 minute walk. This is the area where high-rise complexes are formed, integrating housing, commerce, and services.

The extended zone (1.6 – 2km) – connected by bus, serves as a supplement to the metro system. The affected area – potentially extending to a 15-minute motorbike ride radius, where residents can “park their motorbikes and use the metro”.

This structure also explains why, in reality, real estate prices do not increase uniformly but form “value zones” around the train station, with the strongest increases in the core area.

According to Mr. Son, if planning is not properly controlled, the core TOD area could be over-exploited for commercial purposes, while lacking social infrastructure and public spaces – leading to a long-term decline in urban quality.

According to the approved plan, Ho Chi Minh City’s urban railway network will have a total length of approximately 1,012 km.

According to the plan, by 2030, Ho Chi Minh City will essentially complete 6 routes, with special priority given to the connecting axis between Tan Son Nhat Airport and Long Thanh Airport.

Thy Hue

According to VTCNews.

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PDR Highlights – December reviews the key highlights of November through two main sections:

• Business Momentum – reflecting strategic progress and positive signals from the market.
• Operational Pulse – capturing the efforts of departments and units in execution, project implementation, and internal operations.

In addition, the December newsletter looks ahead with a special highlight: PDR NEXT 12/2025 – Shared Vision, Shared Action, Shared Pace, a strategic event at which the Leadership Board will announce the 2026–2030 strategic orientation and the 2026 action plan. Further details are updated in the Radar 360 section.

PDR Highlights – December 2025 is launched with a refreshed, more engaging and user-friendly design, aiming to optimize the reader experience and enhance the effectiveness of internal communications.

View details of PDR Highlights – December 2025.

The post PDR Highlights – Internal Newsletter December 2025: Shared Vision – Shared Action – Shared Pace appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

The Ho Chi Minh City People’s Committee has just proposed that the Ministry of Justice and Construction provide clear guidance on issues related to the subdivision and sale of land with technical infrastructure at projects in communes, towns and districts.

In this proposal, the Ho Chi Minh City People’s Committee said that according to the provisions of the Law on Real Estate Business 2023 (effective from August 1), land with technical infrastructure in real estate projects that are allowed to be transferred to individuals for self-construction of houses (abbreviated as subdivision and sale of land) must be land not located in wards, districts, or cities of special, type I, type II, and type III urban areas.

In addition, that land is not subject to auction of land use rights for investment in housing construction projects according to the provisions of the Land Law.

 Part of real estate in Nha Be district, August 2022. Photo: Quynh Tran

For the remaining areas, based on local conditions, the Provincial People’s Committee will determine the areas where projects can be established in the form of dividing land into plots and selling them to individuals to build their own houses.

According to the Ho Chi Minh City People’s Committee, the city is now a special urban area, including all districts and affiliated counties. Based on the provisions of the Law on Real Estate Business 2023, wards, districts, and cities in Ho Chi Minh City will not be allowed to establish real estate projects to divide land into plots for sale. However, whether the remaining communes, towns, and districts of Ho Chi Minh City are considered “remaining areas” under the decision-making authority of the City People’s Committee or not.

On that basis, the Ho Chi Minh City People’s Committee proposed that the Ministry of Justice and Construction provide clear instructions for the city to comply with the provisions of the 2023 Law on Real Estate Business.

Administratively, Ho Chi Minh City currently has 22 districts and one city. Of which, there are 5 suburban districts: Binh Chanh, Nha Be, Hoc Mon, Cu Chi and Can Gio with 5 towns and 58 communes. This is still considered the “rural” area of ​​Ho Chi Minh City.

Previously, according to the provisions of the 2014 Law on Real Estate Business, investors in housing construction projects for sale were allowed to transfer land use rights in the form of dividing plots and selling land in areas not located in wards of special-class urban areas and centrally-run type I urban areas.

Accordingly, cases where land plots are not allowed to be divided into very narrow areas are only in the central area and around architectural highlights in the urban area; frontage of regional-level roads and above and main landscape roads in the urban area.

The 2023 Law on Real Estate Business has narrowed the scope of areas permitted to transfer land use rights in the form of subdivision and sale of land plots, as it must ensure that the land is not located in wards, districts, or cities of special-class, class I, class II, and class III urban areas…

Source: Vnexpress.net

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Co May 3 Bridge will be located on the road connecting Vung Tau city with Bien Hoa – Vung Tau expressway, one of the main routes of the Southeast region. This is a key location in connecting Vung Tau port city  with  key areas such as Phu My industrial park, Cai Mep – Thi Vai port system, etc.

Specifically, the 15.7km Bien Hoa – Vung Tau expressway connecting road is divided into 3 component projects with a total investment of up to 18,000 billion VND. Co May 3 Bridge belongs to the second component project crossing salt fields, aquaculture ponds and swamps. Cua Lap Bridge and Coastal Road are expected to connect with Co May 3 Bridge leading to the center of Vung Tau City.

The total investment of Co May 3 Bridge project is expected to be up to 1,200 billion VND, allocated for items such as site clearance, bridge construction, access road system and other auxiliary works. The starting point of the bridge is located in Long Dien district (Ba Ria – Vung Tau province).

The bridge is about 500 m long. The cross-section of the bridge is about 25-30 m wide, enough for 4 lanes. The bridge section on the highway is designed for a speed of 100 km/h, the parallel road section is designed for a speed of 60 km/h. The photo above is a perspective of Co May 3 bridge.

The bridge is also designed to withstand heavy loads, meeting the transportation needs of heavy vehicles serving industrial parks and seaports in the region.

Site clearance is one of the major challenges of the project. The area to be cleared is estimated to be tens of hectares, affecting hundreds of households and a number of public works.

When completed, the project will reduce the load on the current Co May bridge and surrounding roads, minimizing traffic congestion, especially during holidays and Tet when the number of tourists to Vung Tau increases. Pictured is the existing Co May bridge.

In addition, Co May 3 Bridge is expected to create a strong boost for the local economy, especially the industrial, seaport and tourism sectors. Shortening travel time and enhancing connectivity with major economic centers will create favorable conditions for investors and businesses.

The project is expected to take about 36-48 months to complete, depending on the progress of site clearance and actual construction conditions. The bridge is expected to be operational by the end of 2027, becoming one of the largest and most modern bridges in Ba Ria – Vung Tau province. The photo shows the coastal road expected to connect to Co May 3 bridge.

The Co May 3 Bridge project promises to become one of the strategic transport infrastructure projects, contributing significantly to shaping the future development of Vung Tau city and the key economic region of the South.

Ba Ria – Vung Tau province owns over 100,000 km2 of continental shelf with reserves of about 400 million m3 of oil (accounting for 93.29% of the country’s reserves) and about 100 billion m3 of gas (accounting for 16.2% of the country’s reserves). This place is home to many companies and factories serving the oil and gas industry, with the center being Vung Tau city.

Source: Cafef.vn

The post Ba Ria – Vung Tau: The area will build a 1,200 billion VND bridge, connecting the oil and gas capital with the 18,000 billion VND highway. appeared first on Phat Dat Real Estate Development Corporation (PDR: HOSE).

On the morning of August 14, Di An City held an inauguration ceremony and put into operation the East-West main road. This is a project that helps connect Dong Nai and Binh Duong with key projects such as the new Eastern Bus Station and the Ben Thanh – Suoi Tien metro line in Ho Chi Minh City.

The East-West main road project, starting from National Highway 1 (Binh Duong) through the University Village Belt (Ho Chi Minh City National University urban area) to Hanoi Highway and ending directly to the new Eastern Bus Station of Ho Chi Minh City. The project started in March 2021, with a total investment of nearly 730 billion VND; of which compensation, support and resettlement costs are nearly 536 billion VND; construction costs are more than 139 billion VND…

The route is over 3 km long; the roadbed width is up to 32 m, with 6 lanes, and a complete rainwater drainage, tree, and lighting system.

From above, although the project has been completed, there is still a 50m gap that has not been cleared, which not only makes it impossible to connect to Hanoi Highway but also affects the urban beauty.

50m not connected to National Highway 1K due to Hanoi Highway expansion project

Regarding this issue, Mr. Vo Trong Tai, Vice Chairman of Di An City People’s Committee, speaking to the press, said that the East-West main road project was completed on schedule and within the approved project scope. “The 50m cannot be connected to Hanoi Highway because this land is part of the Hanoi Highway expansion project invested by Ho Chi Minh City People’s Committee,” Mr. Tai explained.

According to Mr. Tai, the 50m section of the Hanoi Highway expansion has been transferred by Ho Chi Minh City to the People’s Committee of Binh Duong province and the province has agreed to adjust the project, allowing Di An city to build the remaining 50m, instead of waiting for the Hanoi Highway expansion project.

“Di An City authorities are reviewing the land clearance compensation records of the Hanoi Highway expansion project. In cases where compensation money and land have been received, but assets have not yet been compensated, the locality will compensate the assets. In cases where land compensation has not been received, compensation will be made according to the current land price frame,” said Mr. Tai.

The estimated compensation for site clearance and construction is about 100 billion VND. There are currently more than 30 related cases that need compensation for assets and land of about 1.4 hectares. According to the plan, by September Di An City will complete site clearance, and by the end of this year the route will be open to National Highway 1, through the new Eastern Bus Station.

Source: Cafef.vn

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