Foreign real estate "takes off" thanks to growing traffic

Foreign real estate "takes off" thanks to growing traffic

Due to the slowdown of the market in big cities, the construction of infrastructure and foreign traffic has pushed real estate investors to shift to suburban land.

Foreign real estate and infrastructure promotion

According to economic experts, the real estate market in big cities like Hanoi, Da Nang and Ho Chi Minh City in 2019 continues to grow and grow steadily. However, the scarcity of land fund supply, the state's new policy tightening policy will be a challenge that investors face.

Compared to Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria - Vung Tau, Long An, Cu Chi markets are not inferior to investment attraction. Because of the attractiveness of prices, large land fund, especially when transport projects, infrastructure has been formed.

The fierce government's compensation and promotion for Long Thanh International Airport at the end of 2018 is opening up new opportunities for Dong Nai real estate market, especially Bien Hoa city and Long district. City. The land price here has increased significantly over the past time. Exchange with an investor in the city. HCM said, if last year, the price of land near the Long Thanh airport planning area has a book of only 10 million dong / m2, now it has increased to 16 - 20 million dong / m2.

The acceleration of construction of Long Thanh international airport is opening up new opportunities for Dong Nai real estate market.

The influence of Long Thanh airport has led to a huge amount of real estate demand coming from investors. This led to many land projects being offered in areas around Long Thanh airport, but mainly small and unclear legal projects that made the buyers insecure. Moreover, the government's strict control of land subdivision status has pushed up the price of legal land. Makes the opportunity of investors coming after gradually diminishing.

Transport developed, coastal real estate "overwhelmed" the inner city

Recognizing the problem, many investors were keen to turn to the main roads connecting with Long Thanh airport or near the potential business-rich industrial zones such as Giang Dien, Sonadezi, An Phuoc, Amata, .. Because they want to find low-cost land lots with good liquidity.

According to Mr. Tran Van Vinh, from Ho Chi Minh City, specializing in Bien Hoa and Long Thanh real estate investment, in early 2018, he bought a piece of land from acquaintances on Bac Son - Long Thanh road, near the area. Giang Dien industry, at that time only about 8 million VND / m2, after this road was completed phase 1, the price increased to 13 million VND / m2. It is expected that prices will continue to increase after Bien Hoa 1 industrial zone is moved here.

Especially in Tam Phuoc commune area, in early 2019, Dong Nai province was officially approved to upgrade from the commune to the ward. Thus, the land market here will also affect a lot.

In fact, when the idea of ​​Long Thanh International Airport was formed, it was also the time when Dong Nai province prepared transport infrastructure to welcome important development for the economic triangle of Dong Nai - Binh Duong - TP. . Ho Chi Minh in general and the province in particular.

Typical is Bac Son - Long Thanh avenue. This is considered the arterial route connecting Bien Hoa city to Long Thanh airport, the driving force for the whole region. At the same time, along this route, it will be planned to develop trade - service and logistics to serve Long Thanh international airport when it comes into operation. Therefore, a series of diverse utilities have been built up such as An Binh Market, Vincom Plaza, University of Natural Resources and Environment, Army Army General Staff 2, Tang University - Thiet - Giap and kindergarten. ..

Transport development has helped the coastal real estate market create many new milestones.

Beside Bac Son - Long Thanh Avenue, there are other transportation routes such as: National Highway 51, National Highway 01, Ho Chi Minh City - Long Thanh - Dau Giay, Ben Luc - Long Thanh, Bien Hoa - Vung Tau, Belt 4, ... All form a complete and modern transport system, making it easier to connect from Ho Chi Minh City to suburban areas.

It can be seen that, with the speed of infrastructure development and transportation of the region, foreign-invested real estate seems to become a leading channel because of the potential for outstanding price increase. The current time is evaluated by experts as ideal for making investment decisions. Because early in the year, prices will be lower and higher liquidity in the middle and the end of the year.

Anh Duong