• Ho Chi Minh City, District 7 – Property Guide

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    District 7 is one of the most developed districts in Ho Chi Minh and the home to many expats and affluent Vietnamese. In the coming years, we will see many new projects being built here, thanks to its strategic location and popularity.

    In this article, we review a handful of interesting projects in District 7 and what makes this district interesting. I will also present some local agents and explain more about infrastructure developments and commercial property.

    Property Developments in District 7

    You can find plenty of established, off-plan, and under-construction projects in District 7. Below I have listed some well-known projects that are worth having a look at now or in the future.

    Eco Green Saigon

    Eco Green Saigon is a large-scale mixed-use project that will be finalized in 2022. The developer of the project, Xuan Mai Corporation, has put much emphasis on building modern-style units with all the necessities that foreign and locals need, including swimming pools, BBQ pits, fitness areas, and more.

    From here, you’re only 3 kilometers away from the promising and growing District 2, at the same time, you’ll reach District 1 within just 5 minutes by car.

    With 1,000 units allocated in five buildings that stand 32 stories tall, this project is one of the most interesting in the district at the moment.

    Address: 39 / 8B Nguyen Van Linh, Tan Thuan Tay Ward, District 7

    Sunshine City

    Sunshine City is another high-end condominium project built in District 7. It’s built by Hoa Binh, a local and well-known developer that has successfully launched several other projects in the city.

    Some examples include Saigon Centre Complex, Le Méridien 5-Star Hotel, and Cocobay Danang Tourist and Recreation Compound.

    The same as it goes with Eco Green Saigon, residents have access to plenty of amenities here, including an infinity swimming pool, rooftop bar, gym and spa, children’s play area, BBQ garden, and more.

    Address: Phu Thuan Street, Tan Phu, District 7, Ho Chi Minh 700000

    ho-chi-minh-district-7-property

    Hyatt Place Saigon & Hyatt House Saigon

    Hyatt Place Saigon & Hyatt House Saigon will be a major hotel project in District 7. Finalized in 2023, it will have one of the tallest buildings in Vietnam with 69 floors. It will be truly interesting to see how Ho Chi Minh will transform in the coming years with developments like this.

    This new flagship project will be part of Eco Green Saigon, which will cover a land area of 34 acres. Located in the front of Nguyen Van Linh Boulevard, intersecting Tan Thuan Tay Street, the project is considered to have the most favorable location in the South of Saigon.

    Address: 39 Nguyen Van Linh, Tan Thuan Tay, District 7, Ho Chi Minh

    Real Estate Agents in District 7

    District 7 has a fair share of real estate agencies that cater to both locals and foreigners. With that in mind, you don’t necessarily need to work with an agent that is based in District7 if you plan to buy property there. But, it can make sense if you want to rent a unit.

    Below you can find a couple of agents that have offices in District 7.

    Hoozing

    Hoozing was founded in Singapore in 2015 and has expanded quickly in the Vietnamese market. Now they have 5 offices in Vietnam (one in District 7) and have and served more than 7,000 customers.

    They offer listing and consultancy services for most districts in Saigon. In 2016, Hoozing was branded as one of the 10 most outstanding technology companies in Asia during the Echelon Asia Summit in Singapore.

    Address: 805 Nguyen Van Linh, Street, District 7, Ho Chi Minh 756100

    V House Real Estate

    V House Real Estate is a leading agency in District 7 that can help you to buy and rent property. In addition to District 7, they cover District 1, 2, 3, 4, Binh Thanh, and Nha Be.

    The company has around 15 agents and hundreds of properties listed on their website.

    Address: 996 Nguyen Van Linh Tan Phong Ward, District 7

    Infrastructure Developments

    District 7 was the first district to be developed with one purpose of hosting foreigners. Previously being a suburban area, the district is now the home to affluent Vietnamese, many Koreans, and other foreign expats.

    Even if the traffic is quite intense from time to time, at least during rush hours, District 7 often resembles cities found in the Western world with wide streets and a peaceful environment.

    Nguyen Van Linh Boulevard, Tan Thuan 2 Bridge, Kenh Te Bridge, and Nguyen Van Cu Bridge are just examples of bridges built in the past ten years and that have shortened the travel time to District 1 to 10 – 15 minutes.

    As explained in my article about District 2, the Thu Thiem 4 Bridge that crosses Saigon River connect District 7 and Thu Thiem Financial Center in District 2. This enhances the connectivity even more and boost the value of nearby projects in District 7.

    The government also plans to build floodgates along the river in District 7 and other districts, which is much needed.

    Commercial Property

    Despite not being as busy as District 1, District 7 is the home of mainly business centers, mixed-use projects, and offices. Some of the most well-known buildings include:

    • Crescent Hub: A 25-floor building with 31,077sqm of lettable area
    • SC VivoCity: A 17-floor building with 23,010 sqm of lettable area
    • Petroland: A 30-floor building with 24,400 sqm of lettable area

    Having said that, most of the new office space will be allocated to District 2 and District 9 until 2025. Lower land prices and rents make these districts more attractive for companies to set up offices.

    As Ho Chi Minh grows toward the east and cities like Bien Hoa and Dong Nai, we will see increasingly more activity in these two districts in the coming years.

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