Vinh City Real Estate 2022: 'Waves' gather in the North

North of Vinh city: Potential "golden" land

On January 14, 2015, the Prime Minister issued Decision No. 52 approving the Project to adjust the master plan of Vinh City - Nghe An Province to 2030, with a vision to 2050, with a scope of 250km2. Accordingly, Vinh City will be built according to the model of "Multipolar urban, decentralized ecology, unification of urban with rural and natural areas". Notably, the central area of ​​Vinh City will be expanded in many directions, in which the Northern zone includes the Quan Hanh Urban Area - Southeast Economic Zone, which functions as an industrial center and freight transport hub, and at the same time develops new urban areas.

One of the “golden” points of the Vinh City planning map is the Cua Lo urban area zoning. With a total planned area of ​​41.99 km2 and a population of up to 200,000 people, this will become a potential urban development area not only of Nghe An but also of the whole country. In particular, a part of the North of Vinh City will become a buffer zone for this zoning with the main function of reserving and developing the river and lake system, orienting the preservation and maintenance of historical and cultural traditions as well as developing local ecotourism.

To create a foundation for the city expansion plan, in recent years, Nghe An province has focused on investing in standard infrastructure for the northern area of ​​Vinh City. After the new Bac Vinh bus station is put into operation and operates stably, the plan to expand Vinh airport into an international airport with many upgrades to the terminal, parking lot, etc. will help increase the operating capacity and the ability to pick up and drop off passengers for the city, helping the northern part of Vinh City become bustling, true to its function as a transportation hub.

According to approved decisions, Vinh Airport is a 4E-class international airport, with an expected design capacity of 8 million passengers/year by 2030. Photo courtesy

In addition, the People's Committee of Nghe An province has just approved the Southeast Economic Zone project until 2025, with the goal of building and developing the Southeast Economic Zone into an economic growth engine of Nghe An province, with high attractiveness and competitiveness in the North Central region. Specifically, by 2025, the boundary of the Southeast Economic Zone will be adjusted to 80,000 hectares, striving to attract investment in 100 to 120 projects with a total registered capital of about 75,000 - 90,000 billion VND.

Attractive investment "meeting point"

Mr. Tran Minh, an investor with more than 10 years of experience in the real estate sector, revealed that the main strategy of his investment group is to catch the wave of landing from real estate "eagles". In 2022, Vinh City, especially the northern region, will be at the top of the list of potential investment destinations.

Mr. Minh analyzed that, from a macro perspective, the risk of inflation and remittances flowing in at the end of 2021 - early 2022 will create a large amount of "cheap money", in which real estate is chosen by many investors as the most optimal channel to keep money. Over the past many years, real estate across the country has maintained a fairly stable price increase. In particular, Vinh City - Nghe An is considered a potential market with many "big guys" Vingroup, Ecopark, Tecco, T&T... And when more and more large enterprises participate in the market, residential land, auctions or project land... will all set many new prices, similar to emerging markets such as cities of Bac Giang, Bac Ninh, Quang Ninh...

New projects continuously appear, showing the attractiveness of real estate in the North of Vinh City. Perspective image of a part of the new urban area in Nghi Lien.

Regarding the reason for choosing the North of Vinh City to invest, Mr. Minh said that the investment problem in this area still has a lot of room for development. Specifically, the land price in the North of Vinh City is currently lower than the city center, although in the future this area will also be planned to become the center and fully enjoy the policies, infrastructure, and urban areas of the central area. In addition, information about infrastructure such as airports, expansion of the Economic Zone... also brings to the North Vinh area many attractive potentials for business and investment in many fields, especially targeting experts and tourists coming to Vinh City.

However, according to many experts, the low price of real estate in the North of Vinh City will not last long because many real estate giants have been and are participating in the market. Thanks to taking advantage of large land funds, meeting the unmet ecological living needs of urban residents, and directly connecting to all necessary utilities for modern life, this area is gradually being filled with new urban areas such asVinh New Center, Tecco Apartment, Dai Thanh Nghi Kim Urban Area, Bac Nghi Kim Urban Area...

Anticipating the influx of big investors, real estate in the northern part of Vinh City is showing signs of warming up with real estate values ​​and transaction volume both increasing rapidly, opening up new opportunities and fortunes for pioneering and astute investors./.