Is it possible to have 2 billion VND to invest in real estate in Long An?

Hoang Xuan Long (Hanoi) has only invested in real estate in the suburbs of Hanoi for a few years now. However, Mr. Long now wants to invest in real estate in a further province and Long An is the area he is ‘targeting’.

With nearly 1.8 million people, in 2021, Long An is the second province, after Hai Phong in terms of attracting foreign investment, the total amount of FDI invested in Long An is 3.84 billion USD, accounting for 12. 3% of the total investment capital of the country.

The urbanization rate in Long An in recent years is about 36-40%. It is expected that by 2030, the urbanization rate in Long An will be about 55-60%.

However, compared to other provinces in the southern key economic region, Long An does not have a developed infrastructure like Binh Duong or Dong Nai. Moreover, the land price in Long An has also increased quite high in many places in recent years.

With 2 billion dong in hand, Mr. Long wondered if he should invest in the Long An real estate market? And with that amount of money, which segment or area can you invest in to have the potential to be profitable?

According to people with experience in real estate investment, the Long An real estate market still has many investment opportunities; With just over 1.5 billion VND, you can choose a potential investment area… (Illustration photo)

With experience in the profession, Mr. Ta Trung Kien, Director of Wowhome Development Joint Stock Company, said that Long An’s real estate market is still in its infancy, so there is still a lot of potential for investment both now and in the future. future.

Moreover, moving between Ho Chi Minh City and Long An is quite close, less than 100km, traffic on weekdays or weekends between these two places is very convenient.

Talking about potential real estate investment opportunities in Long An, Mr. Kien said that investors should consult investors who are implementing projects in Long An with a methodical and well-organized direction; If investing in areas that have been well-invested and synchronously built infrastructure, it will certainly have a lot of potential.

However, Mr. Kien also noted, investors need to be careful when investing in real estate in Long An, if not carefully surveyed, it will be easy to get entangled in the planning. Because the planning in Long An is currently undergoing many adjustments, especially the plans for large urban areas of large investors. Therefore, when investing, it is necessary to carefully research information, look for reputable consulting units in the market to find out to avoid investing in areas with unclear planning.

“If deciding to invest, investors need to see the local land use plan to know if the investment area is subject to the planning. Should also check the project investors in that area, if the project has a 1/500 plan, the investor can be completely assured because it has been synchronously planned.

In addition, it is necessary to select a project developer to see if it is legal or not; need to consider whether the infrastructure is synchronous or not. Especially, for projects that are subdivided and sold, it is necessary to see if the project has been approved or not for safe investment,” said Mr. Kien.

However, Mr. Kien said that investors should not “surf” at this time, if they only invest 3-6 months, they should not invest.

“Investing in real estate in Long An at this time should be a long-term investment. Long An is a very potential market with a large river system, large population, highways, proximity to Ho Chi Minh City, especially many large industrial clusters… although there are some places in Long An already. There are signs of price increase, but there are still many potential areas for investment,” said Mr. Kien.

Talking about potential investment segments and areas in Long An, Mr. Mac Chanh Phat, General Director of Dien Phat Real Estate Joint Stock Company said that investment should be made in land. Because according to him, the land fund in Long An is still a lot, the general price of land in Long An compared to neighboring provinces is still relatively low and can still be invested during this time.

Accordingly, the area suggested by Mr. Phat to be interested in investment is Duc Hoa district with the reason that, in the period 2016-2017, Can Giuoc and Can Duoc markets took the lead. However, according to the annual land use plan map of the localities, in 2022 Duc Hoa district still has very little agricultural land and rice land. Land funds in Duc Hoa are currently more than 80% residential, production, business and commercial land. At the same time, Duc Hoa is also the most populous area in Long An, which contributes the highest GDP of the province.

With a budget of about 1.5 billion VND, Mr. Phat said that it is possible to choose products with good location, safe legal status in many ongoing projects in Duc Hoa district.

ID