URBAN REAL ESTATE ADJACENT TO HCMC ATTRACTS INVESTMENT
For the past two years, the real estate market in Ho Chi Minh City has been almost scarce due to many legal obstacles. This causes real estate prices to be pushed up. Facing this situation, investors moved to neighboring provinces with the advantage of abundant land bank and still relatively cheap price compared to HCMC.
Potential for price increase of real estate adjacent to Ho Chi Minh City
Mr. Nguyen Huu Thang, a real estate investor in Ho Chi Minh City, said that he has changed the direction of "hunting" in neighboring localities for two years when seeing many potentials for development and importantly it’s suitable with Investors with limited financial resources like him.
For the past time, despite Covid-19, in many markets near Ho Chi Minh City, land prices still increased such as Phan Thiet City (Binh Thuan,) Long Thanh, Nhon Trach, Bien Hoa (Dong Nai) ... The fact that investors from Ho Chi Minh City, Hanoi, Binh Duong, Ba Ria - Vung Tau ... come to hunt makes the market in this area become vibrant and a counterbalance to Ho Chi Minh City. Particularly in Dong Nai, land prices for recent years tended to increase steadily, typically in some roads in Bien Hoa City, districts of Nhon Trach, Long Thanh, Trang Bom or new routes.
Dong Nai is spending a lot of capital to develop synchronous infrastructure system in 2021. Photo: Phuoc Tuan.
As a person with extensive experience in the real estate market around Ho Chi Minh City, Ms. Tran Thi Lan Anh - director of a trading floor predicted that the centrifugal trend of markets in satellite urban areas will develop stronger in 2021, and Dong Nai is one of the bright spots.
On the other hand, the psychology of product selection of investors is also gradually changing, when the bare land is no longer "king". The potential for growth in the value of a real estate product depends quite a lot on the ability to create market, form a stable residential community with long-term living utilities. On that basis, the product line of townhouse and high-end apartments in dynamic cities such as Bien Hoa City (Dong Nai), Di An City and Thuan An (Binh Duong) becomes attractive to both buyers for residential purpose and investors.
In particular, the effective control of Covid-19 opened up bright expectations for industrial cities such as Bien Hoa (Dong Nai), Binh Duong ... Foreign investment capital (FDI) continues to be funded. Due to the trend of investment shifting of multinational corporations and Vietnam is one of the top choices. Under Dong Nai Industrial Zones Authority, by the beginning of March 2021, the province's industrial zones will have 1,190 projects of FDI enterprises in operation; 75 FDI projects under construction and expected to come into operation this year or early 2022.
The investment of enterprises also attracts many workers to live and work in Dong Nai, leading to increasing demand for housing, entertainment, especially foreign experts, intellectuals, skilled engineers ... with high income levels. This will be an opportunity to catch up with the trend of investment in apartments for lease and sustainable profitability.
In addition, many experts said, the apartment market will continue to receive the attention of investors and buyers with real demand. Key infrastructure projects such as Long Thanh airport just commenced and the establishment of Thu Duc city will also be a driving force for the market.
Luxury apartments in Bien Hoa attract customers
In addition to customers who choose to "spend money" in the central urban area, many buyers decide to seize profitability opportunity from early with high profit margin in satellite urban areas. At a time when the market is starting a strong growth cycle, this is also said to be the time to optimize profit margins, anticipate the opportunity to increase prices in the future and the opportunities to own a real estate at good prices will be increasingly more difficult.
With a series of traffic infrastructure projects with "huge" expenses being deployed such as Phan Thiet - Dau Giay, Tan Phu - Bao Loc, Bien Hoa - Vung Tau Expressways, Ring Road 3, Ring Road 4, Long Thanh Airport ..., Dong Nai is considered as a potential market that can’t be ignored by investors when catch up with the above projects. In the segment aiming to experts, intellectuals and long-term lease investment ..., Bien Hoa Universe Complex is considered a worthwhile choice.
Located on the arterial road of Hanoi Highway, Bien Hoa Universe Complex project developed by Hung Thinh Land and exclusively distributed by PropertyX is a rare luxury apartment project launched in Bien Hoa market at present and receives a lot of attention from customers. The project has a scale of nearly 2.9 hectares - considered the largest apartment complex in Bien Hoa City at present, located in the "golden" position of this city next to Amata Industrial Park, Ho Nai, Dong Nai Hospital ...
Bien Hoa Universe Complex is considered a rare commodity in Bien Hoa City and interested by a large number of customers. Photo: Hung Thinh Land.
Bien Hoa Universe Complex attracts buyers also because of the pioneering development of apartments combined with bustling and busy commercial and service areas, helping residents easily access modern utilities. These are favorable conditions for foreign experts and young intellectuals to settle down in 32 operating technological zones and many other industrial zones that are about to come into operation.
Real estate investment in the satellite urban areas of Ho Chi Minh City is considered a promising direction for those with little capital because these provinces still have many land banks at lower prices. In addition, the infrastructure and transport have been increasingly completed, making these new markets become destinations for investors and buyers with real residential demand.
According to vnexpress.net