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Monday, May 19, 2025

Cielo project gains traction as condo market heats up in western HCMC

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Western HCMC is emerging as a new real estate hotspot, driven by rapid infrastructure development, abundant land availability, and growing demand for affordable housing. Among the standout projects is Cielo, a multi-centered condo development by Seaholdings, which is gaining attention from both investors and homebuyers.

Infrastructure upgrades fuel real estate growth

Over the past few years, western areas of HCMC such as Binh Chanh and Ben Luc have seen a wave of infrastructure upgrades. Major projects underway include the HCMC–Trung Luong–My Thuan and Ben Luc–Long Thanh expressways, the expansion of National Highway 1A to 10–12 lanes, and improvements to Nguyen Huu Tri Street and National Highway 50. The upcoming completion of Beltway No. 3, scheduled to open to traffic in September 2025, is expected to significantly enhance regional connectivity and shorten travel times between HCMC and the Mekong Delta.

In addition, the proposed Metro Line 3A, linking Ben Thanh and Ben Luc, could be a key driver of real estate appreciation across the western corridor.

More affordable options in growing market

According to property site Batdongsan.com.vn and local brokerages, condo prices in Ben Luc currently range from VND22.9 million to VND34.4 million per square meter, or roughly VND1–2 billion per unit. This pricing remains competitive compared to the wider HCMC market and appeals to young workers, professionals, and those employed in nearby industrial zones.

Data from Nha Tot shows that in March 2024, online interest in Ben Luc property jumped 68%, with apartments making up the bulk of the searches, highlighting strong real demand in the area.

Cielo project is located on the frontage of National Highway 1A – PHOTO: SEAHOLDINGS

Amidst this wave of development, Cielo, a multi-center apartment complex invested by Seaholdings, is attracting attention thanks to its strategic location, modern design, and synchronized amenities.

Located on National Highway 1A, Cielo offers convenient access to key routes such as the Ben Luc–Long Thanh Expressway and Beltway No. 3. It is about a 30-minute drive from downtown HCMC.

The development features a full suite of amenities, including a swimming pool, children’s play area, gym, and shopping center. Units range from 32 to 60 square meters, catering to young families, single professionals, and buy-to-let investors. The project is expected to launch at an accessible price point, with flexible payment plans designed to ease financial pressure on buyers.

Project launch to energize local market

Seaholdings hosted a launch event titled “Touching Cielo – Surpassing Sales Milestones” on May 8, 2025. The event introduced the project and connected real estate agents with potential investors, helping kick-start HCMC’s western housing market in the second quarter.

Swimming pool facilities at Cielo – PHOTO: SEAHOLDINGS

With affordable housing in short supply across the city, surrounding areas like Ben Luc are attracting increased investment. Thanks to improving infrastructure, land availability, competitive pricing, and rising demand, projects like Cielo are helping to reshape the region into a promising new growth hub.

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