EnglishCapitaLand Vietnam CEO: Ho Chi Minh City megacity is a turning point for the high-quality real estate market
The three localities of Ho Chi Minh City, Binh Duong and Ba Ria – Vung Tau all have their own strengths and join forces to create a diverse and potential real estate market with synchronous connectivity and modern urban planning.
Key projects will shorten travel time, enhance connectivity and attract investment to the megacity of Ho Chi Minh City – Photo: CHAU TUAN
Speaking to Tuoi Tre Online, Mr. Tan Wee Hsien – General Director of CapitaLand Development Vietnam and International – affirmed that investment in transport infrastructure is the key to ensuring the success of the new Ho Chi Minh City super urban real estate market. In which, key projects will shorten travel time, enhance connectivity and attract investment.
Creating momentum for sustainable real estate market development
Mr. Tan Wee Hsien said that the merger of Ho Chi Minh City with Binh Duong and Ba Ria – Vung Tau marked an important turning point in the urban development process of the region. This merger not only changes the administrative boundaries but also opens up many new development opportunities, towards a dynamic, creative and sustainable urban area.
Mr. Tan Wee Hsien believes that entering a new phase, we are creating the foundation for a strong, international real estate market, focusing on synchronous connectivity and modern urban planning.
Mr. Tan Wee Hsien said that the formation of a new metropolis with a population of about 14 million has turned this area into the leading dynamic economic-urban center of the country.
The resonance between the three localities, each with its own advantages and developed infrastructure systems, creates favorable conditions to maximize resources and promote existing potential.
“From Thu Duc to Bien Hoa, Long Thanh and Ho Tram, new growth areas are gradually taking shape, bringing diverse choices of housing and complex projects. The formation of this “super city” marks an important turning point, opening a new development phase for the high-quality real estate market,” said Mr. Tan Wee Hsien.
According to him, this change not only strongly promotes the housing and commercial segments but also enhances competitiveness throughout the region. In particular, continued investment in transport infrastructure will be a key factor in ensuring the success of the entire region.
Key projects such as inter-provincial metro lines, expressways and ring roads will shorten travel times, enhance connectivity and attract investment capital into real estate projects.
Merging cities, businesses expand investment opportunities
Mr. Tan Wee Hsien – General Director of CapitaLand Development Vietnam and International
The General Director of CapitaLand Development Vietnam and International believes that Binh Duong (before the merger) is gradually affirming its position as the leading industrial capital of the region. With well-invested infrastructure and an increasingly strong urbanization rate, this locality is playing an important role in the process of expanding and modernizing the development space of the new megacity of Ho Chi Minh City.
Mr. Tan Wee Hsien assessed that this area brings together many well-planned projects with reasonable prices, opening up attractive opportunities for both home buyers and investors. Meanwhile, the enterprise is also committed to bringing modern living environments in harmony with the master plan, through the development of new residential areas, improving the quality of life and strengthening community ties.
Mr. Tan Wee Hsien said that in the coming time, this enterprise will not only focus on developing housing projects, but also proactively seek opportunities to expand into the commercial and industrial real estate sector in the megacity of Ho Chi Minh City.
“This portfolio diversification strategy will help meet market demand, promote economic activities and contribute to making this area an ideal destination for both residence and investment,” said Mr. Tan Wee Hsien.
