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.