10 years ago the house in the street was number one, but why are more and more people moving from the center to the suburbs?
The “migration” left the “street” to the suburbs
If in the past, urban apartments dominated the competitive race, now, people tend to choose apartments in the suburbs. The reason for the tendency to move to the suburbs is because of solving the problem of infrastructure.
Ms. Nguyen Huong – General Director of Dai Phuc Land Real Estate Joint Stock Company shared that, in the past 10 years, real estate investors have shifted their strategy to invest in larger-scale projects. can be up to hundreds of hectares or even thousands of hectares, creating mega-cities, resorts combining trade, services, and entertainment, contributing to changing the face of a large land in Vietnam. localities.
This has attracted people to move away from the city center. According to real estate experts of VARS, megacities are reshaping urban space in Vietnam, where old projects are usually sprawling urban areas with inadequate basic infrastructure conditions due to lack of infrastructure. limited in area, pressure on profits of the investor, so the operation is inefficient.
Also not tied to the inherent concept of a spacious and spacious living space, new megacities are planned by “compressing” residents in a rich urban space, leaving area for amenities. Other benefits such as schools, hospitals, swimming pools, even artificial seas, amusement parks, roads…
According to VARS, if you think of traffic flows as interconnected vessels, the formation of megacities is a way to create new branches and reduce pressure on the main pipelines. The pressure that the traffic system is under comes from the organization of the traffic system is not really smart, leading to overload.
The problem of Vietnam’s urban system is to solve traffic by increasing the density of people living in urban apartments, and spending the remaining area to widen roads and increase traffic.
Urban expansion and the implementation of many key traffic projects such as highways, bridges, overpasses, expansion of existing roads… are creating opportunities for investors to develop projects. megacity.
Blooming series of mega-urban projects
According to the Vietnam Association of Realtors (VARS), in Ho Chi Minh City, mega-urban projects with an area of over 100 hectares are mostly located in Ho Chi Minh City. Thu Duc, Nha Be or neighboring provinces such as Binh Duong, Long An, Dong Nai…
Although far from the center, but with synchronous infrastructure, mega-urban projects in Ho Chi Minh City usually have the lowest price of about 35-40 million VND/m2, high-end projects also have prices up to 70 – 80 million VND/m2. Prominent mega-urban projects in Ho Chi Minh City and neighboring provinces include: Van Phuc City, An Phu – An Khanh urban area, Laimian City, Dong Tang Long, Vinhomes Grand Park, Zeitgeist Nha Be, Aqua City…
The situation is similar in Hanoi, when mega-urban projects are being located in Gia Lam, Dong Anh … or Hung Yen, Hoa Binh, Vinh Phuc provinces…
For example, prominent mega-urban projects, providing to the market tens of thousands of apartments with prices around 30-40 million VND/m2, such as Vinhomes Ocean Park, Vinhomes Ocean Park 2, Vinhomes Riverside Long Bien, Ecopark (Hung Yen, adjacent to Hanoi)…
VARS said that mega-urban projects with an area of 100 hectares or more deployed in districts far from the center are the main source of supply for the real estate market, especially the apartment segment. This is also the business strategy of investors in the context of increasingly scarce land funds in the city center.
Ms. Huong said: “Currently, the top 10 investors own tens of thousands of hectares of reserve land for project development. Some investors owning huge land funds can be mentioned as NovaLand (10,600 ha), Vinhomes (16,800 ha), Hung Thinh (4,500 ha), FLC (9,000 ha), Phat Dat (5,804 ha), Land Green (4,000 ha), Ecopark (500 ha)…”.
Currently, mega-urban projects with an area of 100 hectares or more deployed in districts far from the center are the main source of supply for the real estate market, especially the apartment segment. This is also the business strategy of investors in the context of increasingly scarce land funds in the city center.
He said that investors have a number of fundamental conditions to promote the development trend of mega-urban projects. “First, investors have accumulated project development experience and accumulated resources for a long enough time.
Secondly, the urban land fund in big cities is increasingly scarce and land prices are increasing, so the trend of moving to the periphery to form satellite urban areas is inevitable.
Third, the inter-regional transport infrastructure is concerned by the government and is developing strongly. Fourth, localities adjust regional and regional development planning along with attractive policies to invite investors
Fifth, the tendency of people to choose when moving from existing residential areas to large-scale projects that are well-planned and synchronous in terms of living space, utilities, house architecture and construction quality. build. People’s quality of life and living conditions have therefore improved significantly,” said Ms. Huong.
He said that domestic investors have gradually risen to the top, replacing foreign investors and leading the real estate market investment trend. Investing in the development of mega-urban projects requires the investor’s capacity and brand to have enough scope to ensure effective implementation.
However, VARS commented that the long licensing period for the project as well as the complicated procedures are an obstacle for investors in planning to develop a megacity in the real estate market in the near future. at least next year.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
