The ‘dawn’ of Binh Chau real estate market

Start-up cycle of planning – wellness – tourism recovery

Data in the first quarter report of 2022 of DKRA Vietnam shows that the supply of beach villas this quarter increased by 4% and the consumption rate increased by 230% over the same period last year.

Mr. Nguyen Van Dinh, Vice Chairman of the Vietnam Real Estate Association, said that marine real estate in the past two years has not increased too much, so it should be adjusted to its real value, so when trading at the beginning of the cycle During the current recovery period, investors will have the opportunity to own real estate at reasonable prices.

Binh Chau – Ho Tram is located in a rare geographical position “one side of the forest, one side of the sea”, with the beach voted by CNN as the most beautiful and wild on the planet, the largest hot mineral spring in the South, and the primeval melaleuca forest. Born in Binh Chau – Phuoc Buu 11 ha, this place is considered as a potential wellness market in the country and in the region, especially in the context that the wellness lifestyle is booming globally.

It is also in the early stages of building a high-quality tourist capital. The entire 32km coastal route will develop a variety of tourism types such as resorts, conferences and discovery. In particular, Binh Chau has just been planned to become a tourist, commercial and service center of Xuyen Moc.

Welcoming the “wave” of infrastructure in the period of 2023 – 2025

The key traffic works in this area all revolve around the milestone of the period 2023-2025. Specifically, the coastal route is 77km long from Ho Chi Minh City. Vung Tau to Binh Chau Xuyen Moc is expanded from 2 to 6 lanes in the first quarter of 2023; Bien Hoa – Vung Tau expressway shortens the maximum connection time to Binh Chau, which is expected to start construction in 2023; Loc An airport, 25 minutes from Binh Chau, has been approved for investment policy.

In particular, the largest international airport in Vietnam – Long Thanh is planned to be completed in 2025. This is considered to be a big push to help the tourism boom, creating a premise for sublimation of real estate values.

The “fomo” mentality spreads

In the context of the market with such positive signs, investors who saw the potential in the early stages, had the “fomo” – “fear of missing out” mentality of owning good real estate at good prices, which made cash flow moved strongly here. The proof is that only from May 2021 to now, Binh Chau has had two price fevers and a wave of investors flocking to collect land funds.

Answering on FBNC at the end of 2021, real estate expert Tran Khanh Quang said that if he decides to invest at this time, Binh Chau – Ho Tram will be the area he is aiming for. According to this expert’s analysis, in the next 2-3 years, Binh Chau Ho Tram real estate has great potential. Real estate projects about 2 hours away from Ho Chi Minh City like this area will have the opportunity to thrive. Long Thanh Airport will create a second “push” for the real estate market in this area.

Factors such as ownership, project location, or operating unit are always outstanding advantages that make each real estate project here attract customers. Among them is the Venezia Beach project – a HomeResort-style coastal city, possessing an impressive sea frontage of up to 1km, and the only place where 1.1km of rivers – 4km of converging canals and lakes, located in the middle of the intersection between Binh Chau and Ham Tan (Binh Thuan).

In particular, products are associated with long-term ownership. With the presence of Marriott International and Best Western, as well as cooperation with Crystal Bay travel operator group to connect tours and visitors to the project, Venezia Beach is highly appreciated for its ability to exploit accommodation and increase tourism. Real estate value in the time when Binh Chau – Ho Tram is about to accelerate.

According to experts, investing in the initial stage in Binh Chau Ho Tram now when the price is still soft is a good choice because according to the law, real estate prices will increase when the infrastructure and planning are completed.

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