Long Thanh My Quarter Delivers Prestige at Half District 1 Prices

Apartment prices across Ho Chi Minh City's central business district have climbed to an average of VND 85 million per square metre, putting District 1 firmly out of reach for most mid-market investors. The district of Thu Duc City, the administrative megastructure that absorbed Districts 2, 9 and 12 in 2021, has absorbed much of that displaced demand. But within Thu Duc's sprawl, one precinct is drawing a growing share of serious money: the Long Thanh My ward, anchored along Nguyen Xien Street and the eastern stretch of Do Xuan Hop Road.

The timing matters. Thu Duc City's master plan, published by the Ho Chi Minh City People's Committee and targeting completion phases through 2030, designates the area around Long Thanh My as a high-technology and innovation corridor, directly feeding off proximity to the Saigon Hi-Tech Park on Tang Nhon Phu B. That designation has historically preceded price jumps in adjacent residential zones, it did in Binh Chanh when the Nguyen Van Linh Boulevard upgrade completed, and again in District 7's Phu My Hung township when its internal road grid was finished in the early 2000s.

What the Money Is Actually Buying

Long Thanh My is not a new name on the developer circuit. Vinhomes Grand Park, the large-scale mixed-use township off Nguyen Xien Street, brought institutional-grade infrastructure, supermarkets, international school operators, a central parkland, to a ward that had previously been largely agricultural and low-density residential. The project shifted perception decisively. Yet secondary-market pricing in the surrounding streets has not fully caught up. Resale units in walk-up buildings within 500 metres of the Vinhomes boundary were transacting at between VND 38 million and VND 52 million per square metre through the first half of 2026, according to listings tracked on Batdongsan.com.vn, roughly 40 to 55 percent below the citywide CBD benchmark.

The infrastructure case does not rest on Vinhomes alone. The Metro Line 2 extension, connecting Ben Thanh to Thu Duc's eastern nodes, has a confirmed station planned at Phuoc Long before the line pushes further east. Construction timelines on Ho Chi Minh City rail projects have historically shifted, but land along anticipated corridors has consistently appreciated ahead of physical completion. Do Xuan Hop Road already carries significant daily traffic from Saigon Hi-Tech Park's workforce, an estimated 35,000 workers as of figures the park published in its 2024 annual report, and that commuter base underpins rental demand for the sub-25-million-dong-per-month apartment segment.

The Practical Investor's Checklist

Three factors separate Long Thanh My from other value-seeking suburbs that have disappointed. First, the employment anchor is real and expanding: Saigon Hi-Tech Park has continued attracting foreign direct investment from electronics and semiconductor-adjacent manufacturers, creating a stable tenant pool that does not depend solely on expat demand. Second, the ward benefits from the Hanoi Highway and Ring Road 2 interchange, meaning travel time to Tan Son Nhat International Airport is under 35 minutes in non-peak hours. Third, the social infrastructure, specifically Vinschool, the FPT Primary School campus and a SuperSports facility inside the Vinhomes precinct, satisfies the family-market checklist that also drives long-term capital growth in Phu My Hung's District 7.

Buyers approaching this precinct should focus on two sub-zones. The first is the stretch of Nguyen Xien between the Him Lam junction and Vinhomes' Gate 3, where plot sizes still allow small commercial-residential hybrids. The second is along Do Xuan Hop Road near the Long Truong commune boundary, where recent rezoning has permitted four-storey residential development on former agricultural plots. Title verification remains essential, a portion of land in this outer zone carries agricultural classification that requires formal conversion before construction permits are issued, a process handled through the Thu Duc City Land Registration Office on Vo Van Ngan Street.

For investors who moved early into Phu My Hung in 2005 or into Masteri Thao Dien in 2014, the Long Thanh My pattern will feel familiar: blue-chip bones, underpriced relative to the city average, and a three-to-five-year infrastructure catalyst on the horizon. The window at current secondary-market pricing is unlikely to stay open past 2027.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.