Under the Ho Chi Minh City Housing Development Program 2021-2030, the city will shift from centralized to decentralized zonings, allocating the building of social and affordable housing at districts along the metro lines including 2, 7, 9, 12, Thu Duc and Binh Tan.
The building of these high-rise apartments will act as a linkage between the city center and 5 outskirts districts of Cu Chi, Hoc Mon, Binh Chanh, Nha Be, and Can Gio, providing economical and accessible residences for nearby people from the city center or those at the city outskirts.
Due to decentralization, districts 1, 3, 4, 5, 6, 11, and Phu Nhuan will be listed in areas limited from high-rise buildings until 2025. However, districts 1 and 3 are the exceptions where proposals will be considered on a case-by-case basis when conformed to the city’s planning. For the remaining districts with high population density and low infrastructure incapacity, any proposal must wait until the areas witness any sign of infrastructure improvements.
Ho Chi Minh City is changing faces day by day with a lot of upcoming infrastructure projects, such as the building of expressways to connect the city to other southern cities and provinces, construction of Metro Line 1, Long Thanh International Airport, HCMC First Bus Rapid Transit Route, etc. It goes without saying that these improvements will provide a better environment for living and doing business. If you find this news is useful and want to enjoy more free investment updates, please visit our website as well as follow our Facebook and LinkedIn page.
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