The “big guys” landed in the Central market, how is the real estate price in this area?
Entering 2022, the market in the Central region received many positive signals when a series of key traffic projects were implemented and completed.
The series of “big men” landed
Specifically, in Da Nang, the People’s Council passed a Resolution approving the investment policy of a number of notable key projects and works such as the coastal road project connecting Lien Chieu port; The Quang Da bridge project spans the Yen River and the road connecting Quang Nam province and Da Nang city.
Besides, Da Nang also cooperated with Quang Nam to implement the project of opening up the Co Co river bed and putting into use the transportation system connecting urban areas, coastal resorts and Hoi An ancient town,…
In this area, witnessing a series of businesses landing like Phat Dat developing a brand real estate line in a land area of 2,734.9m2 adjacent to 3 main street fronts, Tran Phu, Bach Dang and Le Hong Phong; Novaland with The Sunrise Bay project; Danh Khoi with the project The Royal – Boutique & Condo Da Nang (The Royal), Gotec Land Company with the Asiana Danang project; Dong A Real Estate Joint Stock Company with Golden Square project,…
In Khanh Hoa, in mid-March, Deputy Prime Minister Le Van Thanh sent a document to the Ministry of Construction and Khanh Hoa Provincial People’s Committee to agree on the policy of formulating a new urban master plan in Cam Lam district, with the goal of developing a new urban area. Airport urban, modern, ecological, world-class.
Soon after, Vingroup reported its investment ideas to the Prime Minister, proposing 3 projects with a total area of more than 16,800 hectares in Cam Lam district, including the high-class airport urban area project, the project ecological urban and service, commerce, entertainment – entertainment complex project.
Besides, FPT Corporation also proposed 3 projects in Khanh Hoa with a total area of 850ha. Specifically, the FPT Technology – Education Urban Area project in communes in Phuoc Dong and Vinh Thai communes, Nha Trang city is expected to be 150ha; Training Center for Digital Transformation and Service Urban in the Week – Hon Ngang Area, belonging to Van Phong Economic Zone with an area of 350ha; The third proposed project in the 350ha Ho Na – Mui Doi area of Van Phong Economic Zone includes an 18-hole golf course, a resort for high-class professionals, a high-class urban area, an entertainment area, and a living area. community activities, marina with super high-class facilities, international water sports center…
In addition, Khanh Hoa Provincial People’s Committee has given written consent for Crystal Bay Group Joint Stock Company to research, survey, propose planning and propose investment in super projects in Cam Lam and Khanh Son districts. The project proposed by this enterprise has a scale of about 3,173ha, located in Ba Cuong Bac commune (Khanh Son district) and Cam Phuoc Tay and Cam An Bac communes (Cam Lam district).
In Thua Thien – Hue, at the beginning of March, Hoa Phat Group expressed its hope that the departments of Thua Thien Hue province would assist in finding a suitable location for the Group to invest in a modern, large-scale urban area. become a “liveable” urban area in Hue.
According to DKRA’s assessment, from the end of 2021 to the beginning of 2022, a number of warning signals of the beginning of a new period appeared in the real estate market of Hue – Da Nang – Quang Nam after a period of calm. due to the impact of the Covid-19 pandemic. Not only investors are preparing to welcome the “wave”, many investors across the country are also turning to the central region.
Planning information pushes real estate prices in the area
Mr. Nguyen Quoc Anh – Deputy General Director of Batdongsan.com.vn said that the cash flow is shifting to the central region. Previously, in the period of 2020-2021, the cash flow moved from the South to the North and the vicinity of Hanoi.
Specifically, according to Batdongsan.com.vn’s real estate market report in the first quarter of this year, the most prominent interest rate was in the Central region, which jumped to 14% while the Northern and Southern regions decreased by times. 11% and 12% respectively over the same period last year.
And this interest is concentrated in Binh Thuan up 44%, Khanh Hoa up 48%, Dak Lak up 58%, Quang Nam up 14%, Thanh Hoa up 6%.
The price of land for sale in some central provinces also recorded a sharp increase compared to last year, in which, Thanh Hoa increased by 35%, Khanh Hoa increased by 26% and Binh Thuan increased by 13%.
According to Mr. Quoc Anh, the provinces and cities that have attracted great attention have the common point that the planning information has been released a lot in recent times. This caused the selling price to record a sharp increase in the first quarter of the year.
Specifically, Thanh Hoa has increased interest in land plots by 6% compared to the first quarter of 2021, but the asking price increased by 35% compared to the average in 2021. One of the factors affecting the price level is information. planning large projects of corporations such as Sun Group, Vingroup, etc.
Khanh Hoa recorded a sudden 48% increase in interest and a 26% increase in asking price over the same period due to information on planning in Cam Lam district along with information on proposed large projects. Adjusting the planning of Nha Trang until 2040 is also an information that contributes to a sharp increase in interest and price level.
This expert added, the large cash flow to real estate in the Central region is mainly from investors in the North, including the presence of investors in the South, but less.
Giving advice to new investors, Mr. Quoc Anh said, it is important when investing that investors need to understand why buy? Why buy real estate in that area? Investors need to consider clearly, if there is no reason to buy, do not buy. After knowing the reason to consider the price base, how?
In addition, investors need to pay attention to follow the periodic market reports of reputable parties to have a clear and accurate assessment of the real estate market, to see the volatility of the price ground. make the most accurate decision before depositing.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
