Vung Tau, Dong Nai, Can Tho ... what are the "hot spots" of the land market going on?

Vung Tau, Dong Nai, Can Tho ... what are the "hot spots" of the land market going on?

From the beginning of February 2019 up to now, the land price in some provinces in the expanded urban area of Ho Chi Minh City has increased almost by week, after having official information, a series of traffic infrastructure projects are about to be constructed. erected or a wave of many big investors poured capital into the locality.

Ba Ria - Vung Tau land has continuously increased

According to the real estate brokers in Dong Nai, Ba Ria - Vung Tau, Binh Duong or beyond, Can Tho, from the end of February to now, the local "fever of land" has been active. continuous, customers on the spot or from elsewhere start buying more. Land prices are called by investors and land owners to sell for 50 to 100 million VND in a week, even for a few days.

Mr. Doan Huu Thuan, Chairman of the Board of Directors and General Director of Ba Ria - Vung Tau Housing Development Joint Stock Company, stated that in 2019, the real estate market in this province will continue to prosper. This movement was followed by growth from last year.

According to this position, the cause of the real estate market in the province is fevered by a number of key expressway projects: Ben Luc - Long Thanh, Bien Hoa - Vung Tau, TP bypass. Ba Ria ... about to complete or prepare to start; Planning and projects of sea tourism, oil and gas centers and seaports are being deployed with a wave of investors shifting from Ho Chi Minh City. HCM came back.

Surveying the real estate market over the past time in the province shows that the land price in the districts, towns and cities in the province, especially in some areas of the city center. Vung Tau, Ba Ria and TX. Phu My increased sharply by 20-30%, even doubling compared to a few years ago. The volume of sales records - transactions therefore also increased. Beside the ground, the luxury apartment segment and resort are equally bustling.

Statistics of Ba Ria - Vung Tau Department of Planning and Investment, in 2018 local attracted 23 real estate projects with a total investment of more than VND 9,000 billion. So far, the province has 157 real estate projects with a total area of ​​more than 3,400ha; Total registered investment capital is over VND 35,000 billion. Expected in 2019, Ba Ria - Vung Tau will attract 124 more real estate projects.

According to real estate experts, there are many positive impetus for the property market this year, when many "big men" in this area have been and will continue to invest in the province. Ba Ria - Vung Tau Department of Construction added that over the past time, many investors have applied for a large-scale resort investment such as: Tuan Chau Group proposed a super-resort project of nearly 400ha in City Vung Tau; SunGroup also surveyed and explored the resort project of Dinh mountain area; Novalanf Group proposed to invest capital in Safari wild zoo and high-class resort complex with nearly 1,000ha ...

Other big name investors such as Hung Thinh Corp have also poured thousands of billion dong to implement 4 large-scale projects right in the city center. Vung Tau. Thus, the landing of major investors in this province has made the real estate market here more exciting. Since then, when there are many well-known enterprises investing, the real estate market is more competitive, investors and people have more choices, prices will be reasonable, the project will be quality and ensure legal than.

Dong Nai land price is difficult to reduce deeply

From the end of 2018, Dong Nai real estate market has temporarily subsided and the "virtual fever" situation has decreased. However, land and houses belonging to projects in densely populated areas, near developed transport infrastructure still attract investors. Areas with land and houses attractive to investors are Bien Hoa City, Long Thanh, Nhon Trach and Trang Bom districts. Investors use their own capital and bank loans to buy. Although not strong investment "surfing" rushing as before but still no less bustling buyers and sellers.

Mr. Huynh Le Tuan Kiet, Director of Asia Commercial Joint Stock Bank (ACB), Dong Nai branch said: "In the first 2 months, individuals borrowed capital in Dong Nai ACB to buy real estate to rise and surplus. Loans on this sector accounted for 30% of total outstanding loans, equivalent to nearly 3 trillion VND, of which individuals mainly bought land, houses in large-scale projects or agricultural land.

Studying in the provinces in the province, many individuals have recently purchased agricultural land in densely populated areas, near a large road with an area of ​​1.2 ha. After that, divided into 1-3 sao (1 sao 1 thousand m2) and resale profit is 1.5-2 times higher.

In fact, the land plot of residential projects in Bien Hoa City, Long Thanh, Nhon Trach and Trang Bom has sufficient infrastructure although there is no "fever" but the price still increases. So this is still an investment channel chosen by many individuals due to higher profits than savings or investment in gold, securities and bonds. In particular, information of Long Thanh airport is also making the surrounding land market rise hot every day, investors from all over the world poured into "consolidation" waiting for the market to continue rising.

Mr. Truong Minh Tien, Director of Thong Nhat Real Estate Joint Stock Company (a member of Tin Nghia Corporation, headquartered in Bien Hoa City) commented that the land price will only decrease deeply in the past time when being pushed. 2-3 times higher and "follow" the projects in the distant future. And the infrastructure is completed and connected well, it will be difficult to reduce deeply.

According to Mr. Tien, the company sold land plots near Dau Giay Food Market (Thong Nhat District) only 3-4.5 million VND / m2. When the market goes into operation and the real estate market flourishes, the land here is bought and resold at VND 10-12 million / m2. Currently, real estate starts to be active and many people sell, but the price is still high because of the market, near the highway HCMC - Long Thanh - Dau Giay.

Can Tho "fever" continuous price

Another locality is also having a "hot fever" market, starting from the end of 2018, real estate in Can Tho city is actively traded, especially land in residential areas with good prospects. " hot "rather than the" red book "plots.

A few days ago, a customer working at an insurance company in Tran Hung Dao Street, Ninh Kieu District, said that in the afternoon of March 10, 2019, he had prepared money to deposit for a foundation. In Hong Loan residential area (zone 5C), but just "closing price" 21 million VND / m2, after less than 10 minutes, there are already buyers.

"But this area has not yet had" red paper ", it is only a capital contribution contract, so I see the heat of the market, I don't understand why buying land is as fast as buying new vegetables and fish, while it has With this momentum, people with average incomes who want to buy land and housing are a big challenge, "said the guest.

According to the State Bank of Can Tho Branch, by the end of 2018, the outstanding loans for the real estate sector in the province reached nearly 7,000 billion VND, accounting for nearly 9% of the total outstanding loans and increased by nearly 30% compared to the end of 2017. Level This credit growth is considered quite high compared to previous years. Real estate traders also have a very optimistic view, believing that the real estate market in Can Tho still has plenty of development space.

According to Can Tho City Department of Construction, the current project land in the city center and the coastal districts is quite scarce, the new project is quite small, only a few new projects can be advocated. To have a foundation or a house, land must have time while the demand for houses and residential land is still large, which is also the cause of local "fever of land" in the area.

Talking to us recently, Mr. Pham Lam - General Director of DKRA Vietnam Company, affirmed that this year the housing market in Ho Chi Minh City continued to "stagnate", at least half a year later. new recovery. This is helping to boost the "flowing" cash flow into the housing market in other localities with other advantages, because demand is still rising in all segments.

"By tightening the settlement of new project investment procedures, the supply of land and housing in Ho Chi Minh City will be significantly reduced this year, instead many investors are actively hunting land fund in many remote areas to creating cash flow, accompanied by new wave of investment in emerging areas ", Mr. Lam added.

According to Mr. Lam, traditional markets are now saturated, so investors are always looking for new factors in some localities. In 2019, the analysis showed that some of the "hot spots" of the distant real estate market must include Da Nang, Vung Tau and Dong Nai, because this place is meeting all the factors "natural and favorable , people "!

"In particular, with strong decisions to reform investment procedures, build inter-regional transportation networks, real estate markets will continue to boom," Lam added.

Nam Phong