Owning a location adjacent to Ho Chi Minh City, with the advantage of infrastructure and investment attraction, Dong Nai is like a “good land” for the real estate giant to choose to develop large-scale projects.
New support for Dong Nai
Recently, at the seminar “Starting the pulse of satellite urban real estate”, experts agreed with the view that the market epicenter is increasingly spreading to the satellite area.
There are three reasons for this shift. First, the ratio of real estate prices to income, it takes up to 20 years for salaried people to buy their first home. Therefore, the problem of owning a house in the center is very difficult, moving to the periphery is inevitable. Second, the middle class is willing to go further to enjoy a better living environment. Finally, satellite localities are taking measures to promote the economy, transport network, utilities, and attract investment.
In the Southeast region, according to the market report of the third quarter of the Vietnam Real Estate Brokers Association, in the face of prolonged effects of the Covid-19 epidemic, while the supply in Ho Chi Minh City decreased sharply, the new project in Satellite provinces such as Dong Nai, Binh Duong, Ba Ria – Vung Tau… have added real estate supply in the quarter. Particularly in the segment of townhouses and villas, Dong Nai leads the supply and consumption of the whole market.
The attraction of Dong Nai real estate is primarily due to the development of infrastructure extending from the East area of Ho Chi Minh City to neighboring provinces and cities.
The province is the transport hub of the region, besides foundational projects such as Long Thanh International Airport, Dau Giay – Phan Thiet Expressway, a system of deep-sea seaports, more than 20 industrial parks… Recently, Dong Nai has also continued to promote investment in building a series of infrastructures: Ben Luc – Long Thanh expressway, ring-road 3, Phuoc An port… These are all motivational projects. It is expected to be completed in the period from 2021-2025. Many real estate experts expect that the next 5 years will be a “golden period” for Dong Nai to develop.
It is worth noting that in the period of 2021 – 2025, Dong Nai is one of the three localities besides Ho Chi Minh City and Hanoi with the highest level of public investment. The driving force from the disbursement of public investment with many key infrastructure projects is an important factor affecting the real estate market in both supply and demand according to the law of infrastructure. – real estate development there.
In addition, despite being affected by Covid-19, the attraction of foreign direct investment (FDI) in the 9 months of 2021 in Dong Nai still reached nearly 1 billion USD, up 10.5% over the same period last year. 2020.
In particular, the quality of real estate, service, and commercial projects in this area is increasingly being invested by investors with the goal of modern, world-class living space.
According to Mr. Nguyen Thanh Son – General Director of land fund development, urban areas and housing business Nam Long Land (belonging to Nam Long Group), many real estate brokers and developers in Ho Chi Minh City are currently operating in the area. gradually moved into the market of neighboring provinces, including Dong Nai.
The advantage of a large land fund helps investors to develop urban areas integrated with methodical planning. Most of these projects have diversified types of housing products, retail, educational and entertainment facilities, meeting the needs of living, studying, working, playing, shopping… for residents. . According to him, this is also a trend in the world and Vietnam is not an exception to that trend.
The new-look of Dong Nai real estate
Recently, a number of multinational corporations shared their intention to invest in many large projects in Dong Nai such as Aeon Group, Shire Oak International, Daewoo E&C… Previously, a number of domestic enterprises rushed to implementation of large-scale projects in the area. Many names such as Novaland, Dat Xanh, Kim Oanh, VinaCapital, Vingroup … with the large land banks from hundreds to thousands of hectares, have created integrated urban areas, ecologically planned and synchronously.
One of the “big guys” that are promoting investment in Dong Nai recently is Nam Long Group. This investor has just shaken hands with Japanese partner Hankyu Hanshin Properties – a unit with more than 100 years of experience, to develop the integrated urban area Izumi City with a total investment of VND 18,600 billion, with a scale of 170 hectares.
The project is located in a prime location at the intersection of 2 fronts of Nam Cao and Huong Lo 2 streets, likened to the “heart” of the new urban population of the East, Izumi City promises to bring a full and full of life. enough facilities for residents.
In the future, when the regional infrastructure is completed and put into operation, helping to increase connectivity, this central location not only brings convenience in terms of transportation but also guarantees added value. future asset growth.
“Like the projects that Nam Long Group has developed before, Izumi City will have a competitive selling price, meeting the needs of the majority of customers who want to buy real houses,” a representative of Nam Long said.
The project continues towards the quality life, full of utilities of the model of an integrated urban area, with 4 synchronously connected infrastructure platforms, urban planning including a diverse combination of product types (houses and apartments). streets, villas, high-class compounds); commercial utility ecosystem – services and programs to create destinations; technology and operation management to meet the essential needs of residents.
According to real estate experts, because of those values, the projects developed by Nam Long Group are often filled up soon and become vibrant, bringing new vitality to the area.
“Investors are now quite careful in choosing real estate. Products belonging to integrated urban areas of reputable investors, with synchronous planning, can attract them. Therefore, the emergence of large enterprises will contribute to the formation of large-scale and methodical projects, boosting the demand for real estate and opportunities for individual investors to exploit the potential,” a real estate expert said.
In addition, the appearance of a series of integrated and ecological urban area projects with an investment value of tens of thousands of billion dong also contributes to creating new values, enhancing the position and competitiveness of the region. the land bridge between Ho Chi Minh City and the Southeast.
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