Real Estate In Eastern Ho Chi Minh City Benefits From The TOD Model (Ben Thanh – Suoi Tien Metro Line And Ring Road 3)
The development trend of cities tied to public transportation systems (Transit-Oriented Development – TOD) is a model that Ho Chi Minh City has prioritized as a key to urban space development and the future growth of the city.
The TOD model is particularly well-suited for development in Thu Duc City, which is planned to become a modern and smart urban area. Major infrastructure projects in Ho Chi Minh City are concentrated here, notably the ongoing Ring Road 3 project and the Ben Thanh – Suoi Tien Metro Line, which has been completed and is operational.
Following 2024, 2025 is anticipated to be a breakthrough year for Thu Duc City’s infrastructure, with numerous key projects being expedited. According to the infrastructure upgrade plan, the following two significant projects are substantially enhancing the value of real estate developments, particularly those catering to actual housing demand in the area.
Ring Road 3 – The Catalyst for Eastern Urban Development
Spanning over 76 km with a total investment of nearly VND 75.4 trillion, Ring Road 3 plays a crucial role in connecting Ho Chi Minh City with Dong Nai, Binh Duong, and Long An provinces, alongside five expressways, opening new development opportunities for provinces in the Southern Key Economic Zone. The section of Ring Road 3 passing through Ho Chi Minh City is being expedited and is expected to be completed by Q2 2026.
Ben Thanh – Suoi Tien Metro Line Elevates Urban Space
As Ho Chi Minh City’s first urban railway project, the Ben Thanh – Suoi Tien Metro Line significantly enhances urban space and introduces a high-capacity transportation method connecting the city center to the eastern gateway.
Currently, ten urban clusters in Thu Duc City are planned along Metro Line 1, forming new development hubs. With a total investment exceeding VND 43 trillion, the project was completed and officially launched in early 2025. Besides supporting Ho Chi Minh City’s overall eastern development, the project connects the High-Tech Park (SHTP), Vietnam National University-HCMC, residential areas, and new urban developments.
Real Estate Benefits from TOD – Metro and Ring Road Development
Although Metro systems are new in Vietnam, they are poised to become a core public transportation method in major cities like Ho Chi Minh City. Beyond providing modern public transportation that serves a large number of people simultaneously, reducing pollution, and improving urban landscapes, Metro systems also lead to the creation of new urban areas leveraging public transit advantages (TOD).
Experts observe that Metro Line 1 (Ben Thanh – Suoi Tien) has invigorated the compact urban space in eastern Ho Chi Minh City.
Since 2016, more than 30 housing and commercial projects have been developed along the Metro line. The selling prices of projects from 2012 to 2016 rose by 150-200% compared to other areas. Currently, existing projects along the Metro line have increased by 15-50% in value over a few years.
Similarly, real estate near Ring Road 3 is experiencing strong price growth due to the direct benefits of modern transportation networks, reducing travel time to central areas and neighboring industrial zones.
Completing Ring Road 3 not only alleviates traffic congestion in Ho Chi Minh City but also unlocks significant urban and economic development potential. The road will create an “economic belt” connecting industrial, commercial, and service areas, fostering synchronized and sustainable development between neighboring provinces and Ho Chi Minh City.
These transport developments enhance connectivity across Southeast Vietnam, facilitating market expansion for businesses and ensuring faster, more efficient logistics. At the same time, areas like Thu Duc are transforming into modern satellite cities, reshaping Ho Chi Minh City’s infrastructure landscape.
Investing in real estate along infrastructure corridors is not a new trend but is increasingly recognized as a driving force for real estate enterprises. Infrastructure breakthroughs serve as a springboard to boost the value and liquidity of TOD projects, supported by a robust transportation network.
The TOD model not only provides a modern urban planning solution but also acts as a lever for the real estate market, setting a new value benchmark. Reducing travel costs and time, along with improving employment opportunities, increases the value of commercial real estate, such as office and retail spaces.
Real Estate Along the Metro Line
Below is an illustration of projects along the Metro line, including two prominent large-scale projects at the end of the Metro line in Ho Chi Minh City (near the new Eastern Bus Station). These projects, traversed by Ring Road 3, include Vinhomes Grand Park (271 ha) and GS Long Binh New Township (91.7 ha). More developments are expected in the future along the final stretch of the Metro line.
