Potential in ‘low-lying areas’

“Leverage” from the border economy and transport infrastructure

In recent years, when real estate around the Hanoi capital area gradually became saturated because of the shrinking land fund and high prices, the wave of real estate investment was identified as an “oil slick”, with tendency to move to new potential lands. Prominent in the Northern region is the capital flow that is being poured into Lang Son by investors over the past time.

About 150 km from Hanoi, Lang Son is one of 7 border provinces bordering China, located at the economic intersection with Cao Bang, Thai Nguyen, Bac Kan, Quang Ninh and Bac Giang provinces. This locality is also the first point of Vietnam located on two economic corridor routes including: Nanning (China) – Lang Son – Hanoi – Hai Phong and Lang Son – Hanoi – Ho Chi Minh City – Moc Bai, is gateway connecting China with ASEAN countries.

With such a trading position, Lang Son has great strengths in border-gate economic sectors and industrial-construction activities.

In addition to the fast economic development and great tourism potential, key transport infrastructure projects in Lang Son also contribute to creating a push to help Lang Son real estate attract investors. Notably, the Hanoi – Bac Giang – Lang Son expressway is part of the Hanoi – Huu Nghi expressway project, which when completed, shortened the travel time from Hanoi to Lang Son to 2 hours instead of 3.5. language. This is the lifeline connecting key economic centers and main border gates of the North and the whole country.

In addition, the available transport infrastructure system such as National Highway 1, Vietnam – China international railway, National Highway 1B, National Highway 4B, National Highway 4A … also helps link the region of Lang Son increasingly. complete.

Experts say that the positive outlook and large space have created potential for the real estate market here. The government also showed professionalism when introducing a series of mechanisms and policies to support businesses, simplifying procedures, rolling out the red carpet to welcome investors…

Open potential for investors

Converging full advantages of location, tourist landscape, strong investment in infrastructure, large land bank and open investment attraction policy, Lang Son is gradually affirming its leading position as a leading market in Vietnam. The potential real estate market has become an area sought after by many keen investors in recent years.

Some of the names that are present in Lang Son can be mentioned such as: Vingroup and Vincom Lang Son; APEC Group with the first 5-star Apec Diamond Park apartment, commercial and service complex project in Lang Son; Muong Thanh with Muong Thanh Hotel; Resettlement and residential area Nam Nguyen Dinh Chieu; Na Chuong – Binh Chin eco-resort urban area; Eco-urban area, tourist resort and entertainment at Lau Xa lake…

According to experts, in fact, in recent years, the real estate market in the northern border provinces has experienced a sharp increase in prices. For example, in Mong Cai (Quang Ninh), according to information from regional real estate floors, each shophouse here has a selling price of no less than 100 million/m2.

In that context, Lang Son is a rare locality that is converging the typical advantages of a “low-lying area” when real estate prices are still quite “soft” compared to other border regions in the region. The “low-lying area” advantage creates favorable conditions for many investors to participate in the market at this time.

For example, the Apec Diamond Park project of APEC Group is located on an area of ​​​​more than 5.5 hectares, formerly known as Lang Son Cement Factory (old), with the frontage spreading on National Highway 1A leading directly to the central core. city ​​center. Apec Diamond Park is considered as a project with abundant growth potential with reasonable price and belongs to the rare high-end segment in Lang Son.

Many experts predict that the coming period is the golden time for Lang Son real estate to establish a new price ground with a significant increase, especially for projects with safe, existing and functional legal status. high use. And with great potential along with the advantage of “low-lying” price, Lang Son promises to become the center of attraction for investors to continue to flock in the near future.

Le Thanh