Ho Chi Minh City’s first metro line is expected to be completed by the end of 2021, photo Le Toan The city’s metro line 1 will stretch to 19.7km of a mass transit line connecting Ben Thanh Station in District 1 to Long Binh Depot in District 9, and is due to be completed by the end of 2021. Since construction of the route began in 2012, many residential and retail developments have been built adjacent to the line, particularly along Hanoi Highway at Thao Dien, Binh An, and An Phu wards in District 2. Metro line 1 is expected to be 85 per cent complete by the end of this year with operations scheduled to commence in the fourth quarter of 2021. Once completed the line will connect the eastern area to central business districts and is expected to lead to significant additional price growth. Projects within walking distance of metro line 1 are hoped to attract strong demand from young professionals and families. Strong demand and premium prices for modern homes is also expected for this area. The east of Ho Chi Minh City contains another magnet for real estate development in Thu Thiem New Urban Area, which… Read full this story
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