5 'plus points' create momentum for real estate in Hong Linh Town (Ha Tinh)
(Baonghean.vn) - As one of the three important urban areas of Ha Tinh, the core of industrial development of the whole province, Hong Linh Town is considered a strategic market, attracting investment in all fields; creating a strong momentum for real estate here.
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| Hong Linh town has an extremely important strategic position. Source: honglinh.hatinh.gov.vn |
"Gateway" location attracts investment
Hong Linh TownLocated on National Highway 1A, a transit point connecting the North Central provinces: Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien - Hue; Close to two major economic centers of the North Central region, Vinh City and Ha Tinh City.
This is also the starting point of National Highway 8 connecting National Highway 1A and Cau Treo International Border Gate, the trade route with Laos and Northeast Thailand. Currently, bypass 1A, bypass 1B and the Dien Chau - Bai Vot expressway project are about to start construction, further increasing the connectivity of Hong Linh.
Hong Linh has long been a center for trading goods between three countries, Vietnam - Laos, Thailand and vice versa. The system of factories, offices and auxiliary works, and the development of the central urban area of North Ha Tinh were also formed.
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| Many traffic works are invested in Hong Linh. Source: Ha Tinh Newspaper |
Strong infrastructure development
To increase its attractiveness, Hong Linh focuses on investing in building new and upgrading the transportation system and infrastructure. The town's waterway and road traffic is increasingly diverse, convenient for communication, transportation, and tourism and service development.
Recently, a series of projects have been implemented such as: upgrading and expanding National Highway 8A connecting the old National Highway 1A with the new National Highway 1A, integrated water resource management and urban development projects funded by the Kingdom of Belgium, many sidewalk paving and tree planting projects: Quang Trung Street, Nguyen Ai Quoc Street...; becoming a "lever" for the development of Hong Linh Town.
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| Groundbreaking ceremony of the Technical Infrastructure Investment Project of Cong Khanh I Industrial Cluster. Source: doanhnghiephoinhap.vn |
The industrial "capital" of Ha Tinh
Currently, Hong Linh is a “bright spot” of industrial development, the investment center of Ha Tinh. The total investment capital of the town in 2020 increased by 100.8% over the same period. A series of large enterprises and factories are pouring here.
Currently, in the town, the Haivina garment factory worth 15 million USD is operating stably, the beer factory worth over 1,500 billion is preparing to operate, the fiber factory worth 6,000 billion is about to start construction... Some multinational corporations such as VSIP are also studying the market, with the orientation of investing in an industrial park of over 1,800 hectares. Hong Linh is the meeting point of national and international "big guys".
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| Dai Hung Festival attracts tens of thousands of tourists. Source: nongthonmoihatinh.vn |
Potential for spiritual tourism development
Hong Linh Town possesses many potentials and advantages for tourism development: Thien Tuong Pagoda and Lake together with Tien Stream create a unique and attractive cultural tourism complex; Hang Pagoda - a unique pagoda located in a cave, considered a "miniature Da Lat" in the heart of Hong Linh; Dai Hung cultural relic site with a history of 700 years. In addition, there are: Song Trang Nguyen Temple, Do Dai Temple, Ca Temple relic, blacksmith village...
This land is also the place where many unique and attractive traditional cultural festivals take place. A typical one is Dai Hung Temple Festival held on the 10th of the 3rd lunar month, welcoming tens of thousands of visitors every year. Along with that are Do Dai Festival; Ca Temple Festival, traditional boat racing festival of Trung Luong ward...
To develop tourism, Hong Linh has issued a series of policies and planned many related projects.
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| Hong Linh - A young, modern and bustling town. Source: doanhnghiephoinhap.vn |
Scarce land fund - low real estate price level
According to statistics, industrial clusters in Hong Linh have been basically filled up to over 70%. In the current shifting trend of industrial real estate, Ha Tinh in general and Hong Linh in particular are the destination of many businesses.
Meanwhile, there is not much land left in Hong Linh, that fact creates value for existing projects.
In particular, according to the survey, compared to other urban areas, the real estate price level in Hong Linh is still low. The average land price in the area fluctuates from 4-10 million/m2This is a very favorable factor for new investors entering the market.
Hong Linh is entering a new economic growth cycle, thus creating a lot of room for development. The above mentioned factors of favorable time, location, and people, combined together, create a driving force to help the Hong Linh real estate market make a strong breakthrough./.
