Saigon South new city
After nine years of construction, the details of the blueprint for
the Saigon South New City as a satellite of HCM City are being
developed. The Saigon South New City will provide ideal
accommodations for Saigonese and expatriates.
The 409-hectare center of Phu My
Hung (Section A) in the Saigon
South New City is designed to be
home to between 100,000 and
120,000 residents. According to Phu
My Hung Joint Venture Company,
the developer of the Saigon South
residential project, if nonresident
people-such as students, workers
and tourists-are taken into account,
the total population of this city in the
future may reach 500,000. Customers can sign installment contracts to buy
land or houses in this urban area.
However, up to 70% of the customers
have chosen the one-off payment method. Estate prices in Phu My Hung
are rather high compared with average rates of land in Vietnam, but this
new residential area has attracted the interest of many. The city has been
carefully zoned and designed with sound infrastructure. Customers are
provided with legal documents for land-use rights and house ownership.
Possible increases in estate prices is also a factor which has urged
customers to buy land and houses in Phu My Hung.
According to Phu My Hung sales experts, better economic life prompts
people's needs for better things. "This is a modern residential area which
has been designed to provide residents with a comfortable life in a green
and clean space supported by many other conveniences," they say.
Public services and works in the Saigon South New City are really
attractive to customers. The Saigon South semi-public school is located on
a 2-hectare plot of land in the heart of the city.
Currently, 428 pupils and
students there are attending classes of kindergarten, elementary and junior
high school. The school was officially transferred to the management of the
HCM City Service of Education and Training.
Some 100 foreign students of different nationalities are attending the
Saigon South International School, which has been operational since 1997.
Other schools for some foreign communities are also available in the
Saigon South New City such as the Korean and Japanese schools.
Besides existing infrastructure such as a nine-hole golf course, driving
range, tennis courts, swimming pools, and a football stadium, other service
facilities in the Saigon South New City are under construction. The
4,647-square meter Saigon South Coop Mart, for instance, will come into
operation by the end of this year. The construction of the
Franco-Vietnamese Hospital with 200 beds was started in September last
year and will be serviceable by 2003.
The Saigon South New City is the first large-scale urban project to be
realized by Central Trading & Development Corporation of Taiwan in
partnership with the Tan Thuan Industrial Promotion Corporation (IPC).
Information on projects in the Saigon South New City
Phu My Hung JV Company has completed the construction of:
Apartments: My Canh (200 apartments), My An (200), Hung Vuong I (354)
Detached houses and terraced houses: My Hung (65) and My Hoang (47)
Plots of land (for customers to build houses): Nam Thien I, Nam Long, Hung
Gia I, Hung Phuoc, My Toan and My Phuoc.
Works under construction:
My Hao: 46 detached and semi-detached houses (area ranging from 279
to 369 square meters).
My Phuoc Apartment Bloc: 94 apartments (98-204 square meters).
My Khanh I High-rise: two 13-story towers with 76 apartments.
My Toan I & II terraced houses: 3 or 4 story-houses.
By Ngoc Huong - The Saigon Times Weekly - September 07, 2002.
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