Real estate developments in Ho Chi Minh City and Binh Duong

Gamuda Land, a real estate development arm of Malaysia's Gamuda Berhad, continues to expand its presence in Vietnam. Since its establishment in 1995, the company has focused on creating sustainable urban ecosystems that integrate nature and local culture. Its portfolio in Vietnam includes major projects such as Celadon City, Eaton Park, The Meadow, Artisan Park, Elysian, Norton Park, eNesta, Springville, and Gamuda City.

In a separate development, the housing market in the 1,000-hectare urban area formerly known as Binh Duong New City, which is now part of the Ho Chi Minh City region, is seeing shifts in property values. Previously criticized as a “ghost town” due to low residency despite modern infrastructure, the area has seen varying price trends. Apartment prices in projects like Sora Gardens I, Midori Park The View, and Sora Gardens II have risen from approximately 20-23 million VND/m2 in 2014 to between 32-40 million VND/m2 by 2019-2020. Townhouses in the Uni-Town project were initially offered at around 4.3 billion VND per unit.