A number of infrastructure projects are currently ongoing in eastern Ho Chi Minh City. As a result, the property market in the area is expected to increase significantly. This data is according to Vietnam Investment Review. Among the constructions going on in Ho Chi Minh City right now are luxury apartments, bridges, and highways, among others. The apartments, according to property experts, will be very lucrative especially that they will be finished soon. In fact, big developers such as Estella (Keppel Land), Vista (Capital Land), and Blooming Park (Prudential Land) have expressed great interest in the project.
 
Thu Thiem Bridge is in the process of completion in the eastern part of the city. Phu My Bridge is constructed to connect Districts 2 and 7.
 
There are quite a number of highway and road infrastructures. The Vo Van Kiet Highway signals bridged the gap between the city’s capital and the far-flung areas. The Eastern Belt Road has just been opened, connecting District 2 and District 9. The Long Thanh Highway is also in progress. Ben Thanh – Suoi Tien Metro Line on the other hand has already started.
 
Tunnels are also being built in Ho Chi Minh City. The Thu Thiem Tunnel is scheduled to be open to the public at the end of this month. It is a 1.49 kilometer-long project, along with five bridges, that will connect the Thu Thiem area, which is 737 hectares big, with the city’s center. Moreover, if Ho Chi Minh City continues to develop even eastwards, Thu Thiem may very well become a city. Before this project came into existence, the area was entirely separated from the city.
 
The end of October saw a total of 260 investment projects in District 2 alone, which seemed to be the center of the infrastructure development boom. The projects are raising the property markets significantly that since September 2010, property prices increased four times and cost US$4,000 per square meter. Apartments in Ho Chi Minh City were estimated to rent between VND6 billion ($288,461) and VND80 billion ($3.8 million). In fact, 70% percent of the apartments have already been rented, even the luxury and expensive ones. This means that property values are expected to rise even more.
 
Though never without disadvantages on the other aspects of society, these infrastructure projects undoubtedly boost the socio-economic development and the real estate market in Ho Chi Minh City, particularly in the eastern region.