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Binh Phuoc Real Estate establishes a new price level

Real estate prices continue to rise sharply

Considered as a “late bloomer” in the southern real estate market, but Binh Phuoc is one of the localities that has recorded the strongest breakthrough in the past 2 years. In addition to advantages such as large land bank, soft prices, and synchronous infrastructure, the presence of large investors in the industrial sector has attracted a large number of investors, pushing up real estate prices around the area. continuously increased.

According to Pham Khac Hoc, General Director of H-Holding Joint Stock Company, from the beginning of 2022 until now, the Binh Phuoc real estate market has recorded a vibrant return after the period of isolation because of Covid-19, especially especially in the segment of land plots that have been planned and licensed for construction. Areas with strong sales prices, typically: Dong Xoai, Chon Thanh, Dong Phu…

Mr. Hoc said that in the past 3 years, the land price of Binh Phuoc has increased sharply by an average of 20%/year, depending on different regions. From the beginning of 2022 until now, the price of residential land in Binh Phuoc has continued to increase again. Typically in Dong Xoai, if before it fluctuated from 7-8 million VND/m2, now the average price has reached 15 million VND/m2. In Chon Thanh, in the years 2018 – 2019, the land price was only from 2.5-3 million VND/m2, but now it has increased from 5-6 million VND/m2. Or in Dong Phu, where land was priced at 4-5 million VND/m2, now it is no less than 10 million VND/m2.

Binh Phuoc Real Estate establishes a new price level - Photo 1.

A representative of a real estate trading floor also said that Binh Phuoc is one of the localities that has recorded the most fevers in the past few years. For example, right after there was information about the construction of Ma Da bridge connecting Dong Nai and upgrading DT753, some areas in Binh Phuoc had their selling prices increased by 2 to 3 times. Purchase and sale transactions have been bustling, especially in the land plot segment, which has been of great interest to investors from 2021 up to now. He said that when the expressways are formed and put into operation, they will bring more development advantages to the area, and transactions will even increase in temperature in the coming time.

“In general, Binh Phuoc land prices increased steadily in all segments. Even, there are areas where prices have increased by 2-3 times within just one week. Some projects have increased land prices by 20-30 times. % within 1 month. Customers began to learn more about the Binh Phuoc market, the search volume showed a clear sign of increase”, this person emphasized.

Experts also said that, with the development orientation towards industrialization, becoming the next industrial capital after Binh Duong, Binh Phuoc province in recent years, in addition to focusing on traffic infrastructure, the expansion The industrial park network is also targeted for development. Once the industry develops, it is obvious that the real housing needs of migrant workers will also arise, the demand for real estate becomes more abundant. In addition, the ability to attract FDI capital of the locality has continuously grown, the economy has grown year by year, and people’s income has increased. It is these things that have helped Binh Phuoc land price maintain its growth momentum in a stable direction and increase its value sustainably.

Investment bright spot in the southern market

With many sustainable advantages in industrial development and a large land bank, Binh Phuoc is an investment “bright spot” in the southern market. Recently, many “big guys” have landed in Binh Phuoc to explore investment opportunities and develop many large-scale projects. The appearance of “big guys” such as Vingroup, Dat Xanh, Becamex … and prestigious investors in the world such as CP Thailand; Turkish Hayat; Sung Ju – Samsung, Japfa… have contributed to changing the face of Binh Phuoc real estate market. This has a strong impact on the home buying trend of investors as well as professional customers in industrial zones and real-life buyers.

In terms of the potential for industrial development and traffic planning in the coming period, many experts predict that the upcoming trend of Binh Phuoc real estate will continue to increase steadily and sustainably. The fact that investors move to Binh Phuoc is also an inevitable consequence of the scarcity of land funds in big cities such as Ho Chi Minh City, Binh Duong, Dong Nai, Long An… On the other hand, the general sentiment of the majority Vietnamese people must have a “land for planting”, buy land to save, prefer land-based houses rather than apartments, so the demand for land plots is always high.

Binh Phuoc Real Estate establishes a new price level - Photo 2.

“Besides the shift in the global supply chain, industrial parks have begun to move to Binh Phuoc thanks to the advantage of low rents. These are the bright spots that help the market grow continuously. With investment demand As outstanding as it is today, land plots are the segment that best satisfies customers’ needs,” said Asian Holding’s General Director.

Many experts also assessed that, compared with other industrial development areas in Binh Duong, Long An or Dong Nai, the average real estate price in industrial areas of Binh Phuoc is still quite modest. costs, there is still room to increase prices. About 10 years ago, Binh Duong was at a lower starting point than present-day Binh Phuoc but now ranks 3rd in the country in attracting FDI. With similar conditions and strong trend of industrial real estate development, Binh Phuoc is starting a breakthrough development cycle.

Experts say that in 2022 and the following time, Binh Phuoc will be the focus of the market thanks to the strong development of traffic and economy. Besides, with the great advantage because the real estate price level is still very low, quick investors who “get down to money” early will choose a good location and a higher price increase margin. However, to ensure safety, investors need to “choose to send gold” to reputable investors and distributors…

https://cafef.vn/bat-dong-san-binh-phuoc-lap-mat-bang-gia-moi-2022050411580493.chn


According to Ha Vy

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