The real estate market in Phu My town is dynamic thanks to infrastructure

The real estate market in Phu My town is dynamic thanks to infrastructure

Although there are no explosive fluctuations such as in some districts along Ho Chi Minh City, but the real estate market in Phu My town, Ba Ria - Vung Tau province is currently receiving large amounts of investment pouring in, promises a breakthrough in the coming time.

Great benefit from the breakthrough of connected transport infrastructure

Planning Ho Chi Minh City area until 2030 has oriented development of Ba Ria - Vung Tau province to become an important satellite city, a big economic center of the region and the country. In particular, according to the plan to 2025, Phu My town becomes a seaport city, a specialized industrial center, seaport industry, trade, logistics services and an important port traffic hub.

Owning Cai Mep - Thi Vai deep-water port cluster, with 35 ports, ranking 19th in the world and industrial park system of more than 5,000ha. With an important strategic position, Phu My town is becoming a fertile land for investors.

With the speed of industrial development, Phu My town is attracting a large number of workers to settle here and work. According to the report of the provincial People's Committee office, this area currently has more than 80 thousand workers. In particular, workers from other localities account for 90%.

Determining economic development must start from the construction of infrastructure and urban embellishment, Phu My town concentrates all resources to invest in completing infrastructure. Along with the policy of the Government, every year, Phu My town prioritizes to spend hundreds of billions of dong from budget capital to develop infrastructure.

Until now, the traffic system in the area with main roads such as National Route 51 passes 15 industrial parks in the province; Highway 56 connects transportation from industrial parks, Cai Mep - Thi Vai seaport system to Bien Hoa - Vung Tau highway and National Highway 1 to key areas of the southern key economic region and zone. Southern Central region and Central Highlands; Vanh Dai 4, Vanh Dai 3, Bien Hoa - Vung Tau highway, Bien Hoa railway-Vung Tau, Ben Luc-Long Thanh expressway connecting Southeastern and Southwestern provinces, Trans-Asia highway, Long Thanh international airport, ... has been completed, helping to facilitate trade connections, creating a strong breakthrough for the province's economy in particular and the country in general.

Attraction from Phu My port city

With the orientation of building a new administrative center located on the east of Highway 51, adjacent to Thi Vai mountain, Phu My town has been building a basically urban traffic system, complete infrastructure with the subdivisions. Clear power. In particular, Truong Chinh arterial road (Road 81), connecting National Road 51 and Bien Hoa - Vung Tau highway is being upgraded and expanded, will be the busiest central road in Phu My town.

According to experts, similar to the busy port cities in the world, Phu My town will be the place where many leading experts at home and abroad come to work and live. Therefore, Phu My town is considered a good place to invest and settle. Real estate transactions in this area are extremely active, increasing by 20-30%, even 50%, of which the highest price increases are concentrated in the planned area into the new administrative center of Phu My town, along Truong Chinh route.

Phu My port city has attracted many investors to come here. Many large-scale projects are deployed and gradually put into operation. This is an advantage to increase the value of real estate because in addition to the need to buy to stay, customers can also exploit business models, provide rental services, profitable investment. Welcoming the booming development of the port city in the near future.

Anh Duong