District 4 owns an area of nearly 4.2 km², which is only 1/2 of the area of District 1, but it is the living and working place of more than 175,329 people, the population density is about 41,945 people / km2 (number of people living and working in District 4). whether 2019). With increasing demand and scarce land fund, luxury apartments have become the optimal choice of investors and households.
The process of completing the transport infrastructure system along with the regional economic development strategy has completely changed the appearance of the district. The prime location along with synchronous infrastructure has created leverage to make District 4 real estate accelerate on the investment map.
For example, Ben Van Don route, after being upgraded and expanded, has become one of the most beautiful riverside routes in Saigon with a series of luxury buildings sprouting around.
Prominent with its location close to the foot of Khanh Hoi Bridge and Calmette Bridge connecting District 1 is Novaland’s project cluster including Saigon Royal complexes with prices ranging from 70-124 million/m², The Tresor is sold for 60 – 124 million VND. 82.2 million/m² and Icon 56 with prices from 56.3 to 70.4 million/m².
Not far away, located at 132 Ben Van Don is the Masteri Millennium luxury apartment complex of Masteri Homes investor located near the foot of Ong Lanh bridge, apartments here are sold for prices ranging from 68.2 – 95 million /m².
Also located on the side of Ong Lanh bridge is another outstanding work of NovaLand on this street. It is the River Gate luxury apartment complex, for sale at the price of 60.8 – 74.2 million/m².
In addition to the “golden road” of Ben Van Don, there is another equally important road under construction and expansion in District 4, which is Ton That Thuyet Street bordering District 7. There have been many joint projects. High-end apartments are being built to catch the wave of infrastructure, such as the investor’s De La Sol project.
The project is currently under construction and is for sale at an average price of 79-96 million/m². The project is expected to be handed over in the first quarter of 2024.
Another project located at 78 Ton That Thuyet is Sunshine Horizon luxury apartment complex invested by Sunshine Group. The project is currently open for sale with prices ranging from 75-85 million/m2.
Assessing the supply of the real estate market in Ho Chi Minh City in 2023, Savills Vietnam expects the total supply of new apartments in 2023 to reach about 8,000 units, down 60% compared to 2022. Demand for home ownership People’s apartments are still very high, making it difficult for the prices of apartments in District 4 in particular and in Ho Chi Minh City in general to cool down.
According to Mr. Phan Nguyen Khanh Huy – a real estate broker in Ho Chi Minh City: “The economic situation at the beginning of the year showed signs of recession and the real estate industry’s credit is still being tightened by banks. The market for apartments in District 4 is quite bleak, most customers choose to rent apartments.