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HCM City needs East-West balance
HCM City needs to create a master plan that balances real-estate growth in the eastern and western parts of the city, according to Singaporean experts.
Commenting on the city's development plan to 2020 in a recent meeting with city authorities, James Chew of the Singaporean Planning Institute said most real estate projects had been focused in districts 2 and 9 in the eastern part of the city.
Chew advised city authorities to develop a long-term vision and divide the development plan into many sections for better management and adjustment.
Insufficient infrastructure still existed in some parts of the city, he said, adding that traffic congestion would worsen if high-rises of 68 storeys, for example, were located on an 8-metre-wide road.
Other experts said the city should invest more in planning because of the high urbanisation rate in the country.
Paul James, general director of Vina Projects, said the rate in 1999 was 28 per cent but was expected to rise to 45 per cent by 2020.
"Good planning will help residents in urban areas enjoy a better standard of living," James said.
Chew said that quality professional planning would help the city be more appealing to investors, who would be more inclined to pour money into areas like the new Thu Thiem Urban Area in District 2.
Several experts at the meeting told authorities they should develop a master plan that has high feasibility, transparency and a long-term vision, with ample opportunities for investment.
vietnamnews
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