The reason why real estate in the city. Hoa Binh becomes the investment center in the North
Advantage from geographical location
Hoa Binh province owns a strategic location at the western gateway of Hanoi capital. This is also a particularly important position, the trade center between Hanoi and the Northwest provinces. With this prime location, Hoa Binh becomes a transshipment locality and a bridge for the circulation of goods between neighboring provinces without interruption.
The advantage of being adjacent to the city. Hanoi also opens up many opportunities for the city’s real estate market. Hoa Binh developed strongly. Especially, when the trend of real estate investment in the periphery of the big city takes the throne, Ho Chi Minh City Hoa Binh in particular and Hoa Binh province in general have become the top priority chosen by investors.
The high price of land in Hanoi as well as the increasingly narrow land fund has made potential markets close to Hanoi such as Ho Chi Minh City and Hanoi. Hoa Binh benefits greatly. Followed by a strong rebound of the real estate segment.
Strong investment in transport infrastructure
In addition to the prime location, another important reason why TP. Hoa Binh’s strong attraction to real estate investors is the strong investment to perfect the transport infrastructure system of Hoa Binh province.
According to the plan, in the next 5 years, Hoa Binh will continue to invest more than 120 trillion VND to perfect the arterial traffic network. The key point is the investment project to expand Hoa Lac – Ho Chi Minh highway. Hoa Binh (6 lanes, 120m wide) strongly connects the Northwest, Hoa Binh, Hanoi…
In addition, the project linking Hoa Binh – Hanoi and Hoa Binh – Moc Chau highways is also strongly promoted. At the same time, speeding up the progress of the transport network system such as provincial roads 435, 433, 438, Lac Son – Tan Lac interdistrict roads, Hoa Binh – Kim Boi city roads, Ho Chi Minh – ring roads At the same time, Hoa Binh also implemented the construction of inter-provincial roads connecting Hoa Binh Lake tourist area to Dong Tam tourist area, Tam Chuc tourist area…
The promotion of comprehensive transport infrastructure development not only helps the economy to break through in the coming time, but also promotes the city’s real estate market. Hoa Binh grew strongly and steadily and attracted real estate investors.
Strength in tourism development
City. Hoa Binh is located at an important strategic center position of Hoa Binh province. Adjacent to that are localities with many advantages for tourism development. Therefore, not only promoting the strengths of the infrastructure that the city owns, but also constantly focusing on promoting tourism development.
The attraction of Hoa Binh comes from the unspoiled and impressive natural landscapes such as Hoa Binh lake, Da river, Vien Nam mountain, rich cave system, Kim Boi hot mineral spring… In which, Da river, Hoa lake Binh are outstanding destinations for Ho Chi Minh City. Hoa Binh takes advantage of its inherent tourism advantages with neighboring localities.
The advantage of tourism is of great significance to the real estate market. Especially when the trend of investment in resort real estate in the localities around Hanoi is flourishing and is especially attractive to investors.
The arrival of real estate “big guys”
With potential strengths and internal resources, more and more real estate “giants” choose Hoa Binh as their new destination. In 2020 alone, this locality has attracted more than VND 94,000 billion to real estate from large corporations such as VinGroup, FLC Group, Phu My Hung, T&T, Geleximco, Golden Star, etc.
Typically, Vincom Retail (VinGroup) landed in Hoa Binh with the Vincom Plaza project of more than 11,000 square meters in Hoa Binh city, causing land prices near Vincom Plaza to increase by 50-75%. In addition, T&T Group also proposes 7 projects at the same time in Hoa Binh, of which Ho Chi Minh City is the only one. Hoa Binh has 5 projects.
The “big guys” Phu My Hung, Apec Group, Golden Star, etc. are also proposing to plan and implement large-scale urban, ecological and resort projects in Hoa Binh market in general and Ho Chi Minh City. Hoa Binh in particular.
Strong potential for real estate price appreciation
Besides the advantages of location, infrastructure and tourism, the real estate market in Ho Chi Minh City Hoa Binh also becomes attractive to investors because of its strong upside potential that is rare in any other market.
The explanation for this, experts said, the market in Ho Chi Minh City. Hoa Binh is having a combination of existing strengths to promote real estate prices. Especially in the segments of land plots, resorts have beautiful locations, convenient traffic connections to the center of the province and Hanoi.
According to a statistic, Hoa Binh is one of the four provinces with the largest increase in real estate transactions in the North in 2021. At the same time, Hoa Binh real estate prices increase by an average of 20 – 50% over the same period in 2020 and is expected expected to increase sharply in 2022.
In particular, land prices in some areas in the city. Hoa Binh has also increased 3 times. Land prices in neighboring areas such as Luong Son, Kim Boi… also increased significantly. According to experts, it is expected that the price of land here will increase sharply in the near future, because Hoa Binh has many advantages in terms of distance and circulation from Hanoi, convenient travel, and the current investment price is still low. very reasonable… These are the key reasons for Hoa Binh real estate in general, TP. Hoa Binh in particular has always been the first choice of investors in the north.
City real estate market. Hoa Binh is forecasted to continue to increase strongly in the near future when its strengths in infrastructure and tourism are perfected and real estate investors flock more. The land fund is large, the price is suitable compared to the surrounding areas, but the potential is extremely outstanding. Those are the general reasons to promote the city’s real estate market. Hoa Binh becomes the center of investment attraction in the northern region.
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here