RACH CHIEC AREA | A METICULOUSLY PLANNED HIGH-POTENTIAL AREA IN HO CHI MINH CITY
11/23/2024 7:24:46 AM
Rach Chiec is rapidly emerging as a "new land" that has captured significant attention in the real estate market, alongside other prominent areas such as Thao Dien, Thu Thiem, and Thanh My Loi. So, what makes Rach Chiec so special that it has become an appealing hotspot for investors? Let’s explore its potential with Tiffany.
OVERVIEW OF THE RACH CHIEC AREA
Rach Chiec is located in An Phu Ward, Thu Duc City, strategically adjacent to key areas such as Thu Thiem, Thao Dien, and Thanh My Loi. Spanning over 400 hectares, Rach Chiec is home to major projects including:
These developments are spearheaded by prominent developers like Gamuda Land, Masterise Homes, and Keppel Land. Notably, the Rach Chiec Sports Complex is envisioned as a national icon. Once completed, this project is expected to significantly boost the area’s growth potential.
DETAILED PLANNING OF THE RACH CHIEC SPORTS COMPLEX
Proposed since 1994 with an estimated investment of nearly VND 15 trillion, the Rach Chiec Sports Complex was initially designed on a large scale of 466 hectares. The plan included Olympic-standard facilities such as a 50,000-seat stadium for football and athletics, and a multi-sport arena to host international events.
After several adjustments, the complex now spans approximately 212 hectares, of which 183 hectares are allocated for infrastructure and technical facilities, with the remainder reserved for private enterprises to bid on mixed-use developments.
Key Facilities:
Main Stadium (60,000 seats): Spanning nearly 14 hectares, this state-of-the-art stadium meets all criteria for multiple sports and events.
Secondary Stadium with Athletics Track (20,000 seats): Covering 6.4 hectares, it is equipped to meet athletic standards and accommodate 20,000 spectators.
Indoor Athletics Arena (10,000 seats): Dedicated to events like high jump, long jump, and javelin, it spans 5.4 hectares and ensures safety and efficiency.
Multi-Sport Arena (15,000 seats): A versatile 9.8-hectare facility designed for various sports, equipped with cutting-edge infrastructure.
Training Facilities and Outdoor Courts: Spanning 5.3 hectares, it caters to sports like softball, badminton, and weightlifting, with ample outdoor training spaces.
Tennis Complex (5,000 seats): Covering 3.5 hectares, it includes both indoor and outdoor courts for professional tournaments and training.
Swimming Complex: A 3.3-hectare area with international-standard pools and seating for 3,000 spectators.
Shooting and Archery Ranges: Spanning 3.6 hectares, these facilities include shooting lanes, safety zones, and archery targets.
Velodrome with Spectator Stands: A unique 1.6-hectare cycling track with a seating capacity of 2,000.
Water Sports Facility: A 0.7-hectare area designed for aquatic sports, equipped with appropriate gear.
Media and Communication Center: Spanning 1.2 hectares, it serves as a hub for journalists and broadcasters during events.
Sports Training Center: Covering 2.2 hectares, it offers specialized training programs and state-of-the-art facilities.
Sports Medicine and Rehabilitation Center: A 0.5-hectare facility dedicated to athlete care and injury recovery.
Fitness and Gymnastics Complex: A 2.4-hectare space equipped for fitness and basic training.
Athletes’ Village (10,000 residents): Covering 27 hectares, it provides accommodation for athletes during major events.
Support Services for Athletes and Coaches: Spanning 5 hectares, it offers essential services for athletes and staff.
Sports Administration Office: A 0.7-hectare facility housing administrative functions for up to 400 staff.
Commercial and Conference Complex: A 10-hectare facility catering to trade, conferences, and related services.
WHY INVEST IN RACH CHIEC?
Explosive Infrastructure Growth
Rach Chiec benefits from its proximity to numerous major infrastructure projects in the Eastern region, including:
An Phu Three-Level Interchange (completion expected by 2026)
Expansion of Luong Dinh Cua Street to 30 meters (six lanes)
Completion of Lien Phuong Silk Road, enhancing connectivity between District 9 and Thao Dien
Expansion of Do Xuan Hop Street to 30 meters (six lanes)
Parallel Roads to the Expressway
Long Thanh – Dau Giay Expressway Expansion to eight lanes
Metro Line 1 (2024) and Metro Line 2 Development
This robust infrastructure investment positions Rach Chiec as one of the few areas in Ho Chi Minh City receiving such comprehensive support from the government.
Strategic Gateway Location
Rach Chiec is situated on a prime axis connecting key economic zones such as:
Long Thanh International Airport, Dong Nai, and Binh Duong via the expressway.
Thu Thiem and the City Center via Mai Chi Tho Boulevard.
Other Eastern Areas and Neighboring Provinces via Hanoi Highway and Lien Phuong Road.
Moreover, Rach Chiec links four out of six key innovation hubs in Thu Duc City, further enhancing its importance.
A VISION FOR ECONOMIC GROWTH
Here’s an interesting piece of information I’d like to share with you: In Q1/2024, Singapore's GDP grew by 2.7%, marking the fastest growth in the past 18 months and surpassing the forecasted 2.2%. This growth was driven by Taylor Swift's concert held at Singapore’s National Stadium. The areas surrounding and adjacent to the stadium experienced remarkable development and significant investments aimed at promoting the nation’s image.
Additionally, the distance from world-renowned stadiums to their respective city centers is quite comparable to the travel distance from Rạch Chiếc to District 1 or Thủ Thiêm in Ho Chi Minh City.
Drawing from Singapore’s story and the comparable geographical proximity, we can envision the potential "explosion" of Rạch Chiếc as the location of the National Sports and Health Center. This center is designed to become a national icon, hosting international competitions such as the SEA Games, as well as large-scale entertainment events. Therefore, it is entirely plausible that the Rạch Chiếc area could follow in Singapore’s footsteps and experience similar transformative development.
LIMITED SUPPLY, HIGH DEMAND
In the past two years, areas like An Phu, Thao Dien, and Thanh My Loi have not seen any large-scale projects over 3 hectares. In contrast, Rach Chiec is home to significant developments like Eaton Park and The Global City, making it a focal point for high-end real estate, drawing attention from investors and buyers alike.
DUAL PROFIT OPPORTUNITIES
Rach Chiec offers attractive primary market prices while promising high rental yields. In District 2 alone, property prices have grown by over 17% annually, with rental yields reaching 4-5%, outperforming city-wide averages. As projects in Rach Chiec are completed by 2027–2028, their top-tier quality will further drive price growth and rental returns.
Get advice on Rach Chiec now!
👉 For detailed consultation about projects at Rach Chiec, contact IQI Vietnam – the official distributor of the projects there.
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