2021 LATEST NEWS ON OFFICE FOR LEASE IN DISTRICT 2

2021 LATEST NEWS ON OFFICE FOR LEASE IN DISTRICT 2 THAT BUSINESSES NEED TO KNOW

1. The announcement of Thu Duc City establishment

According to Resolution 1111 / NQ-UBTVQH14 issued by the National Assembly Standing Committee on December 9, 2020. Regarding the arrangement of administrative units and the establishment of Thu Duc City under Ho Chi Minh City.

Specifically, Thu Duc City was established based on the merger of 3 districts (District 2, District 9 and Thu Duc District). That includes mergence of all natural area and population of the above 3 districts. The total area after the establishment of Thu Duc City is 211.56 km2, population size is 1,013,795 people and there are 34 wards under the city. In addition, the administrative unit of Thu Duc City will change and merge some wards into one with no District level.

The natural area of ​​Thu Duc city includes District 2, District 9 and Thu Duc District

From January 22, 2021, the Thu Duc government officially came into operation under the direction and administration of Thu Duc City government. Specifically, the expected workplaces as below:

• People's Committee - People's Council of Thu Duc City at 168 Truong Van Bang, Thanh My Loi ward (former People's Committee office of District 2).
• Thu Duc City Party Committee at No. 2/304 Hanoi Highway, Hiep Phu Ward (former District 9 People's Committee Headquarter)
• The Fatherland Front and the Unions of Thu Duc City at 43 Nguyen Van Ba ​​(former Thu Duc District People's Committee Headquarter) 

34 WARDS OF THU DUC CITY

An Khanh, An Loi Dong, An Phu, Binh Chieu, Binh Tho, Binh Trung Dong, Binh Trung Tay, Cat Lai, Hiep Binh Chanh, Hiep Binh Phuoc, Hiep Phu, Linh Chieu, Linh Dong, Linh Tay, Linh Trung, Linh Xuan, Long Binh, Long Phuoc, Long Thanh My, Long Truong, Phu Huu, Phuoc Binh, Phuoc Long A, Phuoc Long B, Tam Binh, Tam Phu, Tang Nhon Phu A, Tang Nhon Phu B, Tan Phu, Thao Dien, Thanh My Loi, Thu Thiem, Truong Thanh, Truong Tho.

Enterprises that have been operating in District 2 office buildings or intend to lease office in District 2 shall take into account such changes for prompt adjustment of business license, and strategic plans.    

2. Launch of The 9 Stellars project

Besides the changes in administrative boundaries as well as the establishment of a new city. Many high-end residential projects continue to be developed to meet the market demand and contribute to promoting economic development in the East of the Ho Chi Minh city.The 9 Stellars project is one of the most prominent ones in Long Binh ward, Thu Duc city. The project is invested by Ngan Thanh Joint Stock Company and the market leading’s project developer SonKimLand. 

Overview of The 9 Stellars project

The project scale of up to 16.5ha, including low-rise blocks (villas) and high-rise blocks (apartments). The expected selling price for the apartment segment is about 53 million/m2 ($2,300), the villa is 125 million/m2 ($5,500). This price range is somewhat in the middle of two good projects nearby Vinhomes Grand Park (47 million / m2) and the Masteri Center Point project (from 60 million / m2).With many years of experience in real estate investment, Arental.vn rated The 9 Stellars as high potential to capital appreciation. And this period is a golden opportunity for investors.

3. The Thu Thiem bridge 4 plan 

According to the proposal of the Department of Transport of Ho Chi Minh City, regarding the investment plan in 2021. There are a number of transport construction categories proposed such as: 3 construction works to prevent traffic jams at the Tan Son Nhat International airport area, Cat Lai Port, 5 inter-regional routes and 4 bridges crossing the river. In particular, the construction of Thu Thiem 4 bridge is one of the hot agendas that have attracted many interest form the real estate market. As expected, Thu Thiem 4 Bridge connecting District 7 and District 2 with an investment of VND 5,300 billion.

Location to build the Thu Thiem bridge 4. Photo: Department of Planning - Architecture.

4. The expected completion of My Thuy 3 and Thu Thiem 2 bridges in 2021

My Thuy 3 Bridge is expected to be operated in January 2021. The construction was started since March 2020 with a total capital of nearly VND 57 billion. Once in operation, My Thuy 3 Bridge is to reduce traffic jams and flooding at the gateway of Saigon.According to the director of the HCM City traffic investment project management board - Mr. Luong Minh Phuc said that the construction of My Thuy 3 bridge reached more than 90% of the schedule. Expected to be completed in January 2021 and put into operation before the 2021 Lunar New Year.Started 5 years ago, Thu Thiem 2 Bridge Project (connecting District 2 and 1) is scheduled to be completed in September 2021. The 1.4km long bridge connects the two banks of the Saigon River with 6 lanes. This is an important project to help connect Thu Thiem new urban area with the city center. After many shortcomings occurred, the progress of site clearance and land handover was slow compared with the projected schedule.

The construction of Thu Thiem 2 bridge acrosses the Saigon River, July 2020. Photo: Huu Khoa.

5. Investment vision for office for lease businesses in District 2

Many domestic and foreign enterprises have a long-term investment vision. The development and investment promotion has contributed to promoting the economic development of District 2 and improving the value of real estate as well as the potential for regional development.Having foreseen such prospects, investment decisions, business establishment, or renting an office in District 2 should be optimal choice that ties to the promising future of Thu Duc city development. have proven to be the right decision since the announcement of the establishment of Thu Duc City.

Investment vision for office for lease businesses District 2

The year of 2021 is considered is an ideal timing for investment activities in the real estate market in District 2, especially in the form of investment for businesses. Choosing office for lease in District 2 is one of the best strategic options in the business development plan.Contact us now at 0904 667 858 to get friendly support and free consultancy for suitable office space in District 2 of the new Thu Duc city.