Detailed Review of Pham Viet Chanh Apartment Project: Investment and Living Opportunity in Binh Thanh District
Pham Viet Chanh Apartment is a real estate project with a prime location in the central area of Binh Thanh District, Ho Chi Minh City. Developed and invested by Thanh Nien Xung Phong Company (Thanh Nien Xung Phong Public Utility Services One Member Co., Ltd - Besco), this project not only serves as an ideal residential destination but also represents a worthwhile investment option in the completed apartment segment.
Located on the bustling Pham Viet Chanh Street, the project has been operational since 1998, providing a stable and convenient living environment for residents. This article will explore the detailed overview, location, scale, and current pricing of Pham Viet Chanh Apartment to help buyers and investors gain a comprehensive perspective.
Project Overview of Pham Viet Chanh Apartment
Pham Viet Chanh Apartment was developed by Thanh Nien Xung Phong Company, an organization experienced in developing social housing and commercial residential projects in Ho Chi Minh City. Construction began in 1996 and was completed just two years later in 1998, demonstrating rapid implementation and the developer’s commitment.
Core Information
- Developer: Thanh Nien Xung Phong Company (Thanh Nien Xung Phong Public Utility Services One Member Co., Ltd - Besco).
- Design consultant: Ho Chi Minh City Architecture and Construction Consulting Joint Stock Company.
- Construction started: 1996.
- Completion year: 1998.
- Address: Pham Viet Chanh Street, Ward 19, Binh Thanh District, Ho Chi Minh City.
- Province/City: Ho Chi Minh City.
- Land area: 5,500 m².
- Total construction floor area: 30,780 m².
- Scale: 3 buildings (Block A, B, and C).
The project is divided into three main blocks with clear differences in height and floor area, meeting diverse residential demands:
- Blocks A & B: 6 floors each, with total floor area of 5,500 m².
- Block C: The main high-rise tower of the project, with 15 floors and total floor area of 30,780 m².
The total building heights range from 6 to 15 floors, supplying a significant number of apartments to Binh Thanh District’s housing market since the late 1990s.
Strategic Location of Pham Viet Chanh Apartment
One of the greatest strengths of Pham Viet Chanh Apartment is its location. The project sits directly on Pham Viet Chanh Street, Ward 19, Binh Thanh District, Ho Chi Minh City. This area borders District 1, creating maximum convenience for commuting to the city center and surrounding districts.
The location is highly valued thanks to synchronized transport connectivity, allowing residents easy access to public amenities, commercial centers, and services. Convenient mobility is a key reason the project has maintained attractiveness over many years.
Geography and Coordinates
The project is located in the center of Ward 19, a developed area of Binh Thanh District. Specific geographic data includes:
- Latitude: 10.79084492
- Longitude: 106.710701
These coordinates confirm its near-central location and easy identification on the city planning map.
Price Analysis and Investment Potential
As a long-completed project, the selling price of Pham Viet Chanh Apartment reflects stability and the true value of centrally located real estate in Binh Thanh District. The recorded price range is:
- Price range: 39.26 - 96.72 million VND/m²
This significant range depends on apartment position (Block A, B, or C), floor level, condition, and actual unit size. Apartments with better views, upgraded interiors, or located in Block C may command higher prices than average.
Investment Potential Assessment
With its price flexibility and strategic location, Pham Viet Chanh Apartment still maintains notable investment potential:
- Rental value: The location near District 1 ensures consistent rental demand, especially from professionals and employees working in the city center.
- Capital appreciation: Although it is an older project, central Ho Chi Minh City real estate has historically appreciated over time, especially as local infrastructure continues to improve.
Conclusion About Pham Viet Chanh Apartment
Pham Viet Chanh Apartment, although built and completed in 1998, remains a valuable option in Ho Chi Minh City's property market thanks to its golden location on Pham Viet Chanh Street, Ward 19, Binh Thanh District. The project offers various housing types through 3 buildings ranging from 6 to 15 floors on a 5,500 m² land area, developed by Thanh Nien Xung Phong Company.
For those seeking a stable residence with rental income potential and convenient access to key city zones, Pham Viet Chanh Apartment is a name worth considering. The price range from 39.26 to 96.72 million VND/m² accurately reflects the project’s quality and locational value.
Buyers are advised to review current market conditions carefully before making the most suitable investment or residential decision based on personal needs.
