On the afternoon of December 9, 2020, at the 51st meeting of the National Assembly Standing Committee, 100% of the members voted to pass a Resolution on the arrangement of administrative units at district and commune levels and the establishment of a city. Thu Duc belongs to Ho Chi Minh City.

Thu Duc City belongs to Ho Chi Minh City on the basis of importing the entire natural area and population of 3 districts, which is District 2; District 9 and Thu Duc district. After its establishment, Thu Duc City has 211.56 km2 of natural area and a population of 1,013,795 people.

In 2019, all 3 districts developed at high speed, contributing 1/3 of the gross regional product (GRDP) of Ho Chi Minh City, equivalent to about 7% of the country's gross domestic product (GDP).

As soon as the establishment information of Thu Duc city was announced, the housing price fever broke out. Real estate brokerage service boomed with strong activity. All over the streets, cafes in Thu Duc District, District 9 ... everywhere are talking about hunting for real estate to welcome the establishment of the city.

Prices skyrocketed

Taking us to see a 100m2 townhouse on Dang Van Bi street, Tu said previously this house cost 7 billion VND. Now the house is for sale for 11 billion VND. Tu led us to another house, in an alley in Truong Tho ward. This house is for sale at the price of 75-80 million/m2. Tu said, real estate speculators have been actively hunting for plots of land, apartments and townhouses to wait for the time to resell. In this area, it's not easy to find a house under 70 million/m2 now.

Along Tam Da Street (District 9) sprang up many real estate brokers, from coffee shops to vacant lots by the roadside, setting up sketchy signs for sale. This area is mainly agricultural land, land for annual crops, ponds and lakes... but is being traded 20-25 million VND/m2, while the price in 2019 is only 10-15 million VND/m2.

Similarly, the land price of Lo Lu Street (District 9) is priced at 40-42 million VND/m2, while from the beginning of 2020 it only costs 30-35 million VND/m2, Nguyen Duy Trinh Street (Binh Trung Dong Ward, District 2). ) is priced from 65-70 million VND/m2, while 6 months ago it only fluctuated from 50-55 million VND/m2.