Ho Chi Minh City authorities will give priority to developing new high-rise apartment buildings along the metro line linking the city centre with the outskirt areas.
Under the Ho Chi Minh City Housing Development Program 2021-2030, districts located along metro lines including 2, 7, 9, 12, Thu Duc and Binh Tan will be reserved for high-rise apartment buildings. Social and affordable housing is also planned to be set up in these districts.
The five outskirt districts of Cu Chi, Hoc Mon, Binh Chanh, Nha Be, and Can Gio will be reserved for setting up large township including eco-urban areas, new urban areas, and satellite cities.
Due to decentralisation, the Central Business District in districts 1 and 3 will be limited with high-rise buildings to 2025. Other proposals will be considered after that on a case-by-case basis and must fit the city’s plan.
Ho Chi Minh City prioritises high rise building along metro lines. Photo Le Toan
Other districts to limit high-rise buildings include districts 4, 5, 6, 11, and Phu Nhuan where population density is the highest and the infrastructure system cannot fully meet the population growth. If the infrastructure system is improved, other considerations will apply for these districts.
In the next five years, Ho Chi Minh City needs a capital investment of VND420 trillion ($18.26 billion) to build houses.
Ho Chi Minh City will need an additional 47 million square metres of housing to meet the demand of its 12 million population by 2030.
Source: VIR.