Binh Phuoc Real Estate

The Southeast continues to be a hot spot to attract investors

According to a survey by DKRA Vietnam, in just the last 3 months of 2021, the Southeast market has more than 20,000 products brought to the market by businesses and from all provinces with key economies such as: Ho Chi Minh City, Dong Nai, Binh Duong, Binh Phuoc, Long An.

Assessing the Southeast market, Dr. Le Ba Chi Nhan – Economist – said that this is a potential area for real estate to develop and this has been proven over the years. attract investors with large projects being implemented.

Although in the past 2 years, due to the impact of the Covid-19 epidemic, this market has almost leveled off. However, with the epidemic being well controlled and real estate businesses having experience and preparing scenarios to adapt to the epidemic, 2022 this market will recover very quickly and is considered the year for businesses to recover. Real estate promotes sales and develops new projects.

“However, we should not be subjective because the epidemic has not been completely eliminated in the immediate future, especially when the world is discovering more new strains, so this is still a concern and pressure on the market. Real estate in the Southeast region in particular and the whole country in general”, Dr. Le Ba Chi Nhan acknowledged.

Predicting the prospect of the Southeast real estate market in 2022, Mr. Trinh Nguyen Tuan Anh – Chairman of King Broker’s Board of Directors – said that this will be the year of strong development from supply to investment demand. In particular, in 2022, a series of projects will be released to the market and the absorption rate will be almost 100% due to the great demand while the supply is still very scarce.

The segment of subdivision land plots will face many difficulties when being competed by the segment of sample land and residential land subdividing. However, professionally invested projects are still welcomed by customers.

Regarding the resort segment, the Southeast will record more growth than in 2021 but not too much development because the economy has not really recovered. Meanwhile, the garden house segment is also attractive with individually built second homes.

In the Southeast region, low-lying districts will be places of much interest and attraction to local people. However, investors from outside the province still focus on locations that are considered “hot spots”.

Binh Phuoc attracts a series of large-scale projects

Thanks to the border location and the gateway linking two key regions, the Central Highlands and the Southeast, many large projects and thousands of businesses have chosen Binh Phuoc as the place to locate factories and industrial parks. Foreign investment capital (FDI) is a contributing factor to help promote the real estate market in Vietnam in general and in Binh Phuoc in particular.

According to the master plan, by 2030, Binh Phuoc will become an “industrial province” with the leading GDP in the country. By 2050, it will develop into a modern industrial province with a sustainable development rate. As a result, investors predict that Binh Phuoc will be the “focal point” for real estate investment in the wave of moving world factories to Vietnam after the pandemic.

In order to facilitate and anticipate the wave of real estate investment in Binh Phuoc, a series of large transport infrastructure projects have been and are becoming a push for the Binh Phuoc market to develop. The most significant is the project to build and upgrade DT753 route, restore and build Ma Da bridge connecting Binh Phuoc with Long Thanh airport, Cai Mep and Thi Vai ports (Ba Ria-Vung Tau province) or high route. Dak Nong – Chon Thanh expressway has been agreed to be implemented in the period of 2021-2025. Thanks to these key projects, travel time to neighboring provinces will be shortened, boosting the province’s economy.

In Binh Phuoc real estate market, Chon Thanh is a “new destination”. A significant motivation to help Chon Thanh real estate “take off” in 2022 is the fact that the Ministry of Construction has decided to recognize the areas expected to establish Chon Thanh town to meet the criteria of grade IV urban areas.

Binh Phuoc also proposes to allow adjustment, expansion and supplementation of the planning of industrial zones and clusters with an area of ​​8,000 ha, with a target that in the next 5 years, it will be promoted to 21 industrial clusters with a scale of up to 583 ha. , by 2030, there will be 34 industrial clusters with the scale of more than 1000 ha, creating a premise for the development of the industrial real estate market. Along with that, industrial parks and industrial clusters in the province attract a large number of migrant workers and foreign experts, increasing housing demand in the province.

A representative of a real estate business owner in Binh Phuoc said that from the end of 2021 until now, the Binh Phuoc real estate market has become much busier. Especially after the time of separation because of the Covid-19 epidemic, many investors have come to this locality looking for opportunities, mainly investors in Ho Chi Minh City and Hanoi.

According to the infrastructure wave, land prices in some areas with strong traffic in Binh Phuoc also increased sharply. Typically, real estate prices on DT 753 road or near industrial parks tend to increase. Trading transactions took place bustling, the number of transactions from the beginning of 2022 to now has increased more than at the end of 2021.

The advantages of policies calling for investment, strong construction traffic infrastructure and low real estate prices have created a special attraction for Binh Phuoc in the eyes of real estate and industrial investors. Recently, many big men have flocked to Binh Phuoc to explore investment opportunities and develop many large-scale projects.

These potential and reputable businesses are opening a new trend in the development of real estate projects in Binh Phuoc with a focus on solving real housing needs and quality standards in order to form real estate projects. vibrant residential area, promoting local and neighborhood economic development.

Bui Huy