The Ho Chi Minh City People´s Committee has released new - and increased - official land rates for 2009.

Dong Khoi, Le Loi and Nguyen Hue streets in district 1 top the list at 81 million VND (US$4,760) per
square meter, or 20 per cent up from last year.

Newly-built residential zones with many high-rises, like Thao Dien and An Phu in district 2, have also seen rates rising sharply.

The price of land on some streets in district 2, like Truc Duong or Thao Dien, has, in fact, risen by three times.

Most other streets have seen their prices double.

In district 7 and Tan Binh, rates have increased 50-100 per cent. In districts 1, 3, 4, 5, 10, 11, and Phu Nhuan, they have gone up 30-50 per cent. Newer districts like Go Vap, Binh Thanh, Tan Phu, Binh Chanh, Cu Chi, and Nha Be have seen prices rise 10 per cent.

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