Housing prices in Thu Thiem are currently trading at 30 to 35 percent lower than District 1. At present, in Shanghai, housing prices in Pudong are 43 percent higher than Puxi, the current CBD. Housing prices in Bonifacio are catching up with Makati. Over time, we expect similar trends will take place in Thu Thiem.

Thu Thiem, the new financial center and new urban area of HCMC is considered as the largest urban complex in Southeast Asia in the coming years. Once completed, Thu Thiem will contribute to raising Ho Chi Minh City into the most modern metropolis, getting on the same level with Shanghai, Manila, Bangkok and Jakarta.

Over the past 30 years, Ho Chi Minh City has witnessed a tremendous growth. However, rapid growth faces many problems arisen. Infrastructure in the central area is now beginning to overload under the pressure of rapid expansion, hard-to-find vacant land, the value of land has reached the level that makes the investment in the construction of office for rent become impossible and office rents have reached their peak since 2008. Traffic congestion has been steadily increasing in the past five years with the number of cars increasing 35 percent annually from 2012 to 2016. , according to the Vietnam Automobile Manufacturers Association (VAMA).

The development plan of Thu Thiem will reduce the pressure that the city center is dealing with. In addition, it contributes to preserving the historical value of the old center that used to be the "Pearl of the Far East" due to the limited demolition of old buildings and the redevelopment.

Thu Thiem has a total area of 657 hectares, which is located opposite the current CBD across the bank of the Saigon River. The whole area consists of 176 plots of land with approximately 3.2 million square meters of residential space, and 3.4 million square meters of commercial space. Thu Thiem will be home to 145,000 residents and 217,000 employees. This new financial center will be the base of a big number of corporate headquarters and will become a vibrant destination for residential, office, commercial centers, hotel and serviced apartments, and all kinds of service.

Admittedly, the development of the Thu Thiem new urban area has been slower than planned due to complex land compensation, unstable economic conditions and budget deficits. However, with the pressure on the current CBD and the government's commitment to accelerate the completion of major infrastructure in Thu Thiem, we believe that since the Sasaki's master plan announced 12 years ago, now, the time is "gold" that investors should faster than ever in the race to seek investment opportunities in Thu Thiem.

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