417 eastbound traffic
Well-known for its favorable features, from prime location, greenery, completed infrastructure, series of pioneering projects, utilities, living standards, and affluent community, Thao Dien holds real estate advantages over other areas of the city.
Since the advent of the city’s first metro line in 2012, its real estate market has witnessed large investment waves, wooing more investors, and boosting the land prices accordingly.
Infrastructure upgrades have also received adequate attention from investors, the People’s Committees of the city and Thao Dien Ward.
Expansion of Hanoi Highway
Hanoi Highway is one of the key projects to be upgraded from eight to 16 lanes, with a total length of 15.7 kilometers, starting from the ramp of Saigon Bridge 2 to the adjoining point of new Dong Nai Bridge. This route is the main gateway to the city, connecting metro line no. 1, leading to major ports like Cat Lai, Long Phuoc, and to the East depot.
Road expansion should shorten travel time and dissipate traffic jams, making life more convenient for Thao Dien residents.
Hanoi Highway is one of the most valuable routes in the city’s east, with a series of high-end utilities. Photo by Shutterstock.
As the main street in Thao Dien Ward of District 2, Nguyen Van Huong has attracted many residential projects like Masteri Thao Dien, Masteri An Phu, and Lumière Riverside. A wide range of international schools here include British International School – BVIS, Australian International School – AIS, American International School – TAS, and ISHCM International School.
Panoramic view of Lumière Riverside. Artist impression by Masterise Homes.
The expansion of the street connecting Nguyen Van Huong to Hanoi Highway should significantly reduce traffic congestion and resolve local flooding at the Nguyen Cu – Nguyen Van Huong intersection. Once complete, this project would transform the entrance to Thao Dien into four nodes by joining Van Huong-Xuan Thuy to existing Nguyen U Di – Vo Truong Toan, Thao Dien street, Quoc Huong.
Ben Thanh – Suoi Tien metro line
Ben Thanh – Suoi Tien Metro Line is the first urban railway project in Ho Chi Minh City with a total investment of VND43,700 billion. The route has 14 stations (including stations at Van Thanh, Saigon Bridge, An Phu, Thu Duc, High-Tech Park, the East depot and Thao Dien) and a depot house. It is anticipated to be in commercial operations in 2022, after its scheduled test run in the fourth quarter of this year.
The upcoming completion of the metro project has caused house prices on the secondary market in this area to soar. In the period 2015-2020, sales prices for luxury apartments on the primary market in District 2 increased by an average 7.3 percent per annum, exceeding the average growth rate of the entire market, and likely to rise even further. Since 2018, house prices on the secondary market went up remarkably, up to 25-75 percent higher than the starting sales prices, according to CBRE.
Apartment prices along the metro line have increased sharply from the starting prices. Graphics by CBRE.
Lumière Riverside – rare investment opportunity
With the fast growth rate of supply and demand, Thao Dien’s land fund is inevitably running out. Scarcity has dramatically upped the value of existing real estate and emerging projects. Lumière Riverside has captured great interest on the primary market as it is developed by Masterise Homes, the investor of the well received high-end projects such as Masteri An Phu and Masteri Thao Dien, in the quest to form an elite, debonair community in the region.
Conveniently situated on an area of approximately 19,500 square meters at the junction of Vo Truong Toan – Hanoi Highway, with highway frontage, Lumière Riverside enjoys swift connectivity to Binh Thanh District (just a few minutes’ drive via Hanoi Highway and Saigon Bridge), Thu Thiem of District 2 (via Mai Chi Tho), and District 1.
Lumière Riverside is conveniently situated right next to metro line no.1. Artist impression by Masterise Homes.
With a broad vision and experience from international partners, Masterise Homes has all its apartments facing the metro line installed with a special glass door system comprised of two soundproof and vibration-resistant layers. This is one of the first luxury complex projects in Ho Chi Minh City to incorporate such high-end construction technology for future residents’ refined living experience and ultimate contentment.
HÀ NỘI — Fewer people would be allowed to enter airports to pick up or drop passengers off for departure, particularly at the busy Nội Bài International Airport in Hà Nội and Tân Sơn Nhất International Airport in HCM City, during the upcoming national holidays..
This is part of the Transport Ministry’s directions to traffic agencies to ensure order and security during the four-day holiday on the occasion of the Day of Southern Liberation for National Reunification (April 30) and International Labour Day (May 1), during which a large surge of domestic tourism with the virus situation under control.
Airports have been asked to examine and supervise the implementation of regulations on aviation safety, security and airport services.
Airline operators must provide passengers with proper instructions so they can make their trips as planned.
The airlines must have proper plans to arrange facilities and staff to meet increasing demand during the national holidays. Flight delays or cancellations should be minimised.
Over the last few weeks, congestion has increased at major airports. Prolonged congestion at security screening areas at Tân Sơn Nhất Airport caused delays to flights and frustration among many passengers. Some missed their flights as they had to queue for hours for security screening.
The filling of medical declarations was blamed for worsening the congestion at the airport as many passengers did not fill out medical declarations before arriving.
Head of Civil Aviation Authority of Việt Nam Đinh Việt Thắng has sent an urgent notice to airlines, asking them to step up communication regarding medical declarations among passengers.
“The airlines can refuse to serve passengers who fail to submit medical declarations and other disease prevention/control measures,” Thắng said, adding that the airlines would be sanctioned if they allow passengers without medical declarations to board.
Airport authorities and airlines were asked to co-operate in helping passengers fill in medical declarations before reaching security check areas.
According to Nội Bài Airport Authority, on March 30, it found nearly 1,500 passengers without medical declarations queuing at security areas, 712 such passengers on March 31 and nearly 2,300 on April 2.
At HCM City’s Tân Sơn Nhất Airport, at peak hours between April 14 and April 19, there were about 2,100 to 2,400 passengers per hour in Hall A, which exceeded the design capacity by 25 to 30 per cent.
The Airports Corporation of Việt Nam (ACV) and Tân Sơn Nhất Airport on April 19 said that the operating capacity granted by the Civil Aviation Authority of Việt Nam allows up to 1,728 persons per hour at the security gate at Hall A and up to 1,584 persons per hour at Hall B.
Phạm Vũ Cường, vice director of the airport, told Tuổi trẻ (Youth) newspaper that the overselling of flights was one of causes for the congestion.
In some cases, they announced delays of flights due to technical problems and passengers on such flights had to wait for others, resulting in overcrowding at the airport at that time.
“Violations resulted in unplanned increases of passenger numbers, so congestion worsened,” he said, adding that security checks should not be blamed for the congestion.
For the railway sector, the ministry also asked for measures ensuring safety in risk-prone areas like road-railway crossings or areas where railway corridors are illegally occupied by businesses or vehicles.
Railway passengers are also required to have their body temperature checked and submit their online health declaration, wear face masks and keep safe distances when getting on the train.
Locations that passengers usually touch including doorknobs, toilet handles or taps must be disinfected every three hours.
The ministry called for speeding up online ticket selling and the provision of more information on routes, times and services.
Meanwhile, inland waterway authorities were asked to co-operate with localities to tighten inspections at ferry stations and ports especially those with tourism boats or small vessels used to carry people to islands.
Illegal ferry stations, vessels without legal registration, those without lifebuoys, life jackets, overcrowding or failing to meet COVID-19 prevention and control regulations must be suspended.
Việt Nam Register was asked to tighten examinations of vehicles and vessels, particularly sleeper coaches and high-speed boats and vessels used to carry people to islands.
For road transportation, relevant agencies were asked to check road signs. Road construction agencies were urged to fix and maintain the roads they are responsible for.
During maintenance, they must have plans to reorganise routes to ensure smooth traffic and avoid congestion.
The national holidays on April 30 and May 1 are expected to see increased travel demand as May 1 falls on Saturday and State employees and students could have an additional day off on May 3. Moreover, the latest COVID-19 outbreak in late January came just a few weeks before the Lunar New Year, forcing many people to cancel travel plans.
Many people are expected to make a trip during the coming holidays, particularly when Việt Nam has squashed its latest wave of COVID-19 infections and domestic tourist agencies are putting out numerous promotion programmes to entice customers. — VNS