Why is a series of "big" real estate booming into Mong Cai city?

Why is a series of "big" real estate booming into Mong Cai city?

Mong Cai real estate market (Quang Ninh) becomes vibrant with the landing of many big players in real estate such as Vingroup, FLC, Sungroup ... With the potential of trading and tourism as well as synchronous infrastructure, Mong Cai is attracting many big real estate developers to invest.

In May 2018, Vincom Retail Joint Stock Company, belonging to Vingroup Group, officially launched the Vincom Commercial Street Shop of Mong Cai (Quang Ninh). FLC Group has proposed a smart urban area project in Ninh Duong ward, Mong Cai city. FLC also conceived the idea of ​​researching and investing in the project of tourist resort in the area of ​​Vinh Trung island, Vinh Thuc connected to Tra Co into a high-class service resort.

Without missing out on investment opportunities in this area, Sungroup also has a strategy to expand projects to Ho Chi Minh City. Mong Cai. The wave of real estate investment into Mong Cai market comes from the high appreciation of real estate to this potential land.

In addition to the strong moves from big men, real estate in Mong Cai city is also recording the excitement of the land plot and townhouse segments. Many projects have built synchronously and successfully sales such as Taseco's Kalong Reverside, Green Park ...

Real estate projects have been preparing to land in Mong Cai

After the successes of Kalong Riverside or Green Park of Taseco, Packaging and Export Production Joint Stock Company (Promexco) - a state-owned enterprise under the equitization of Ministry of Industry and Trade is also investing heavily in the foundation. The. Currently Promexco is the investor of the housing complex of 79 Ngoc Hoi (Hanoi) with 1,600 apartments and 48 low-rise houses, a hotel in the center of Mong Cai city.

Recently, this enterprise started to build the new Promexco Mong Cai urban area right at the 5 km gate of Mong Cai city which is also attracting land investors. The project has a scale of about 29ha, currently being built synchronously on infrastructure by the investor, aiming to become one of the modern new urban areas of Mong Cai City, providing hundreds of town houses to the market. (shophouse), adjacent and villas ...

These moves show that Mong Cai real estate market is rushing to welcome a large flow of investment. According to many experts, Mong Cai will be the next destination after the investment of Ha Long and Van Don thanks to the transport infrastructure system connecting trade between China and Quang Ninh as well as the northern provinces increasingly complete. good; tourism and economy all grow high ...

Infrastructure breakthrough

Infrastructure is considered an important criterion that investors pay special attention to. As a matter of course, where there is complete infrastructure, the value of real estate will increase sharply.

Over the past few years, Mong Cai has invested heavily in infrastructure. According to recent information, the Van Don - Mong Cai expressway will be started on April 3. Van Don - Mong Cai highway passing through 5 localities, including Van Don, Tien Yen, Dam Ha, Hai Ha and Mong Cai with a total length of 80.2 km. Total investment capital is up to VND 11,195 billion. According to investors, the favorable connection between Mong Cai and Van Don, where the real estate market is going on, will contribute to boosting trade activities as well as attracting investors. coming.

The Van Don - Mong Cai highway will be built to complete the expressway system connecting Quang Ninh - Hai Phong - Hanoi

Along with the Ha Long - Hai Phong, Ha Long - Van Don highways and Van Don - Mong Cai highways, the traffic system linking Mong Cai Economic Zone will be created, the gateway connecting China with ASEAN and the region. Northern key economy.

In addition, inter-regional and international traffic routes such as the coastal road linking Mong Cai - Hai Ha, Bac Luan Bridge II, Tra Co high-class tourist area - Binh Ngoc - Vinh Thuc, cable cars to Vinh Thuc island ... also contribute to forming a complete transportation network.

Up to grade 2 urban, Mong Cai city is growing strongly

Not only attract investors by synchronous basic infrastructure, TP. Mong Cai is also a potential convergence of trading and tourism activities. In the last 9/2018, this city was officially raised to the urban type II. The process of urbanization is also happening rapidly along with high economic growth. According to statistics, the average income per capita in 2018 is 3 times higher than in 2008. The economy always maintains a high growth rate, the total product in the province increases by 17.58 on average. %

Mong Cai is also a city attracting foreign investment. Up to now, Mong Cai City has about 19 foreign investment projects, with a total registered capital of over 590 million USD.

With a strategic position located at the gate of Trung Quoc and Mong Cai, it is also on the list of key border-gate economic zones according to the Plan on development of Vietnam's economic zones until 2020 approved by the Government. The information of this plan creates more attraction for border areas when real estate businesses are looking to expand their business activities, and look for attractive profit opportunities.

Not to mention, with the advantage of being adjacent to the sea, Mong Cai is also blessed with many famous landscapes and landmarks. These are very favorable conditions for the tourism industry, tourism services as well as real estate development. Referring to Mong Cai, it is impossible to ignore Tra Co tourist area - Binh Ngoc with wide white sand beaches, comfortable, fresh environment, diverse ecosystems which are quite unspoiled and suitable for developing sea tourism. This resort is a destination for investment in big projects such as resorts, golf courses ... of big real estate companies.

Diversified potentials have helped the Mong Cai real estate market in recent years have had a strong shift. From the urban areas to the types of shophouse, adjacent, villas ... have appeared, promoting the market here becomes vibrant and developed.

Quynh Chi.