HCM City’s land price up 1% each day

The real estate market in HCM City is changing because prices of land allocated for production projects in districts 2, 7, 9, Nha Be and Binh Chanh are climbing day by day. In the past week, the price for land in An Thinh project in District 2 increased from VND12 million ($750)/sq.m to VND15 million ($930)/sq.m. It was VND14.5 million ($900), an increase by VND4 million ($250) for land and houses in Riverside project in Thu Duc district and up to nearly VND35 million ($2,100)/sq.m in Indo-China project in District 3. In Nha Be district, the land price has risen by 2.5 times within the past one month, from VND80 million ($5,000)/1,000sq.m to VND200 million ($12,500)/1,000sq.m. Land prices in districts 2, 7 and 9 have also increased 10% during this time.