Once the focus of “land fever”, the price increased 2-3 times, what is Bac Ninh real estate like?
The market has a lot of big fluctuations
In the period of 2020-2021, Bac Ninh is one of the hot spots for land in the Northern market. Housing prices here have increased rapidly, especially in the land plot segment, which has increased 2-3 times in many places.
Despite such a hot period, in the first months of 2022, this market will continue to be active because of many factors creating momentum for development.
Specifically, Bac Ninh is considered the “capital of industrial zones” when large corporations such as Samsung, Canon, Foxconn, Microsoft, Pepsico… have set up factories and poured billions of dollars into it. By the end of 2021, nearly 22 billion USD of FDI registered to invest in this province with nearly 2,000 projects.
Not only that, with the goal of becoming a city directly under the Central Government in 2022, Bac Ninh constantly invests in infrastructure planning, creating an open and smart city. That means that it will lead to a large amount of housing demand and the explosive development of many urban areas and residential areas, especially areas adjacent to industrial zones.
Up to now, the province has added 1 city directly under the province – Tu Son city and aims to build 4 new towns: Yen Phong, Tien Du, Thuan Thanh, and Que Vo.
According to the construction planning of the Hanoi Capital region to 2030 and a vision to 2050, Bac Ninh is oriented to become an import-export gateway, a logistics and transshipment center of the Hanoi Capital Region with an international gateway. international export Huu Nghi (Lang Son); The region’s important business and trade hub with the Northeast provinces, forming the Lang Son – Bac Ninh – Hanoi economic corridor.
Up to now, the province has added 1 more city directly under the province – Tu Son city.
The above forces have made real estate in Bac Ninh more exciting than ever. Previously, in the draft Bac Ninh Provincial Planning for the period of 2021 – 2030, with a vision to 2050, the Department of Planning and Investment of Bac Ninh province said that the real estate market in recent years has had great fluctuations. , land prices compared to the ground level of the whole country in general and in the province in particular, there is a difference in administrative boundaries and the location of the land to be transferred.
In urban areas, the actual transfer price of residential land use rights ranges from 10 million VND/m2 for areas in alleys to 200 million VND/m2 for busy business roads such as Tran Hung Dao, Nguyen Cao, Nguyen Gia Thieu (Bac Ninh City), Tran Phu (Tu Son)…
The price of land in rural areas is much lower than in urban areas, only a few million VND/m2 in many places; However, in some land use right auction projects in recent times, residential land prices have been recorded up to 30 million VND/m2.
Low-income apartment houses are currently being sold by investors for about 10-12 million VND/m2, rented for 60-80 thousand VND/m2, suitable for the income of the majority of workers. , employees, low-income people and other groups of subjects as prescribed in Article 49 of the Law on Housing.
The price of commercial apartments is currently trading with prices ranging from 15 million VND/m2 to 30 million VND/m2 depending on the project.
Set up a new price level
According to the Hanoi satellite urban real estate market report in the first quarter of 2021 by the Market Research Institute of Dat Xanh Services, Bac Ninh provided 84% of the new supply of the land plot segment. Along with that, the real estate segments in this province have also recorded new price levels. The average price has increased by 2-7% compared to the previous quarter. In which, land plots increased sharply, approximately 20% over the same period in 2021.
Specifically, the price of land plots in the first quarter fluctuated at VND 33-55 million/m2. The price of townhouses ranges from 46-52 million VND/m2. Villa prices in Bac Ninh range from 25-31 million VND/m2.
According to Dat Xanh Services, the supply of housing products in the area with large-scale industrial parks will still grow thanks to recent investment promotion activities.
The selling price is expected to continue to increase due to many factors such as demand, economic situation… The market also continues to benefit from the public investment package in infrastructure in Hanoi and neighboring provinces such as Hanoi and neighboring provinces. Belt 4, Belt 5…
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
