NEW MOVEMENT OF CHEAP LAND SEGMENT

The cheap land market in suburban areas, especially locations adjacent to long-standing industrial and residential zones, is showing many good signs thanks to the gradually stabilizing economy, cooling interest rates and new projects. Public investment has been accelerated in construction progress...

THE GROUND STILL RETAINS HEAT

Although there are ups and downs, in general, many Vietnamese people today still want to own a townhouse or land plot so that when conditions are good, they can build a house to "settle down". Many investors also tend to favor this type of land because liquidity is always favorable and the price increase margin is good compared to other product segments.

According to a recent real estate consumer psychology survey by Batdongsan.com.vn, up to 61% of survey participants said they planned to spend money to buy real estate in 2024. Of these, 59 % want to buy for investment and land is the most targeted type with 40% of choices, followed by apartments at 28% and private houses at 21%.

Mr. Le Bao Long - Strategy Director of Batdongsan.com.vn, commented that land products near areas with strongly developed infrastructure systems are facing the opportunity to recover quickly. Because land in many areas has adjusted to very good prices in recent times, many investors now have more conditions to own. In particular, according to Mr. Long, investors with idle capital who buy land at this time will have the opportunity to earn good profits in the medium and long term.

Commenting on the current challenges of the Vietnamese real estate market, many experts believe that difficulties have gradually been reduced and the market is witnessing positive signs thanks to the Governments active support moves. government. Better signals will appear more and more from the fourth quarter of 2023 and the market will be exciting from the beginning of 2024, when the currency market is stable and interest rates return to the same level as in the 2019-2020 period.

Observations show that in the 3rd quarter of the Ho Chi Minh City market, there was no land supply while transactions in suburban areas such as Binh Duong and Dong Nai improved clearly. A representative of a leading land distributor in the Southeast region said that in the third quarter of 2023, this systems transactions increased sharply. The trend of customers is to choose low-cost projects with completed infrastructure, transparent legality and locations adjacent to industrial parks. Because these are products that meet the real needs of serving the settlement needs of a large workforce in industrial parks.

“In the third quarter, our Systems transactions increased on average by about 15%/month. The price of widely traded products is in the range of 1-1.5 billion VND," this person shared.

NEW BRIGHT SPOT OF DONG NAI MARKET

In the new moving trend of the suburban land market, besides the industrial "capital" of Binh Duong, Dong Nai is also emerging as a very potential area. Because besides being the gateway to Ho Chi Minh City, Dong Nai is also a vibrant industrial center of the South, with a population of about 3.5 million people, attracting top FDI in the country and especially having many projects. A huge public investment project was built.

Specifically, this locality currently has 32 industrial parks operating, attracting FDI capital of up to 34 billion USD. In particular, in Dong Nai area, there are many key infrastructure projects worth tens of billions of US dollars being implemented such as the Bien Hoa - Vung Tau, Ben Luc - Long Thanh, Dau Giay - Lien Khuong expressways. ; Belt 3, Bien Hoa city belt, Bac Son - Long Thanh avenue; Suoi Tien - Bien Hoa metro, Bien Hoa - Vung Tau railway and Long Thanh international airport...

Infrastructure projects and industrial development orientation are creating a boost for real estate in many areas of Dong Nai, of which a hot spot attracting investors is the long-standing economic triangle Bien Hoa - Thong Nhat - Vinh. Nine. This is the area where more than half of the population of Dong Nai province is concentrated, many large industrial parks are bustling with activity such as Bien Hoa 1, Bien Hoa 2, Amata, Loteco, Song May, Tam Phuoc, Sonadezi, Ho Nai , Bau Xeo, Giang Dien... so the demand for housing is very high. In fact, every time projects here are announced, they attract a large number of interested investors and customers.

Real estate businesses recognize that compared to the hot spot area adjacent to Long Thanh airport, the area bordering Ho Chi Minh City has been pushed too high in prices during the recent fever, the price of land in the Bien Hoa - Thong triangle Nhat - Vinh Cuu is still 30-40% lower because most of it meets real housing needs.

However, with the planning of this area to become an urban - industrial - logistics center of Long Thanh airport and the expansion of Bien Hoa city, there will certainly be traffic and social infrastructure projects here. will develop very quickly, leading to increased urbanization and real estate values.