Investing in the real estate market of Quang Ninh at this time, is it worth it?

May 28, 2022 06:56 GMT+7

Having nearly ten billion dong in hand, Mr. Tran Anh Dung in Hai Ba Trung (Hanoi) is “aiming” to invest in real estate in Quang Ninh.

Researching the market, Mr. Dung found that Ha Long (Quang Ninh) area has been promoted in recent years with synchronous infrastructure investment, economic development has made real estate in this area become vibrant; There was even a situation of virtual “land fever” in the area, prompting the city government to issue a written warning to residents and investors.

After a “hot” period, will real estate prices in Quang Ninh continue to increase, should we invest at this time? (Illustration)

“Real estate in Ha Long is no longer in the ‘hot’ state as it was a year ago, but there are still transactions, prices are still up 10-15% compared to early 2021. With convenient highways, It takes less than 2 hours to travel from Hanoi to Quang Ninh. This place still has a lot of room to develop tourism as well as tourism real estate… That’s why I want to invest in real estate in Quang Ninh”, Mr. Dung shared.

However, Mr. Dung also wondered, if investing in real estate, how much will the potential price increase in Quang Ninh in the next 2-3 years and which segment should be invested in?

Evaluation of Quang Ninh real estate market, share with PV Infonet, Nguyen Minh Duc, THM Land Project Manager, said that this is an area with great potential for price increases, although in the past there have been areas in Quang Ninh where real estate prices have experienced significant price increases, in some places increased prices. up to 50%.

According to Mr. Duc, Quang Ninh has a complete and synchronous transport infrastructure; convenient connection with surrounding provinces; Plus, after the epidemic, a lot of tourists come to visit and relax, which are good conditions for real estate such as land plots, villas, townhouses, shophouses, etc. to develop and grow.

Mr. Duc said that with the potential to increase prices, real estate prices in Quang Ninh could increase by 10-30% in the coming time.

Investors who want to invest in real estate in Quang Ninh at this time should invest in which segment and how much money do they need?

Responding to this question from PV Infonet, Mr. Duc said that investors can invest in fully legal projects that will be both safe and profitable. It is possible to invest in villas and adjacent houses in large projects of reputable investors; Or you can invest in apartments to exploit for tourists. As for the land in the coastal areas of Quang Ninh, if you invest in it, you need to pay attention to the law, not just look at the price, invest in the crowd.

“It is best to have capital available when investing, so don’t borrow too much from the bank. Having about 3-7 billion dong in hand, investors can invest in real estate products in big projects,” said Mr. Duc.

In addition, when investing in real estate in Quang Ninh at this time, investors also need some information related to the areas. For example, in Ha Long, before information about the blooming of real estate sales and transactions in the area of ​​Nam Cau Trang Coal Screening Factory (Ha Long City), the Quang Ninh Department of Construction suggested that Ha Long City inform There is widespread news about the cancellation of the 1/500 detailed planning of the new urban area in the Ham mountain area. At the same time, information on the planning orientation in the area towards the formation of a land fund for development of high-class tourism, services and commerce.

Or in Van Don district, after about 7 months of suspension, Van Don reinstated the policy for splitting plots and changing land use purposes from March 17. Accordingly, the application for conversion of land use purpose, separation of the plot from rural or urban land must ensure that the land parcel after separation belongs to the approved 1/500 planning areas as residential land. Current Status. The land plots also need to meet the conditions according to the regulations on land, construction and relevant directions of the People’s Committee of Quang Ninh province.

ID