Cua Lo - ready to bring great opportunities for investors

Investors' target to catch the recovery

The real estate market has witnessed difficulties over the past 2 years. However, the Government's drastic actions in recent times have brought confidence to home buyers. In particular, after the Conference on removing obstacles and promoting the healthy and sustainable development of the real estate market, the real estate market has continuously received 2 credit packages of 110,000 billion VND and 120,000 billion VND. These two capital flows are considered "seed capital" to revive and clear liquidity in the real estate market. From there, the real estate market will rise from the third quarter of 2023.

With the positive signs of recovery in the real estate market, a wave of investors are also "eagerly" looking for potential lands, sustainable real estate products that are driven by infrastructure factors and have high price increases this year. And especially, these must be real estate products with clear legal status and long-term ownership so that investors can feel secure in any market fluctuations in the medium and long term.

Prime Minister Pham Minh Chinh chaired a national conference to remove difficulties and promote the real estate market. Photo: baochinhphu.vn

Practical observations show that, among the current real estate markets,Nghe Anis a land with great potential for sea tourism, strongly developed infrastructure and real estate prices are still quite cheap compared to coastal provinces such as Thanh Hoa, Quang Ninh, Hue, Da Nang...

In particular, Nghe An is about to welcome a new transformation, which is Cua Lo. From a coastal town of Nghe An, Cua Lo is preparing all resources to merge into Vinh city and become the tourist center of the North Central region. The "transformation" of Cua Lo brings potential projects and opportunities for real estate investors in 2023.

Cua Lo is constantly changing to become a new center.

After nearly 20 years of establishment and development, Cua Lo town has become a key tourist city of Nghe An. Recently, Nghe An province plans to expand Vinh city towards the sea, embracing Cua Lo town and 6 communes with a scale twice the current size. Thus, after merging into Vinh city, Cua Lo is oriented to become one of the tourist centers of the North Central region, an attractive destination for domestic and foreign tourists.

Facing great opportunities, Cua Lo is constantly transforming itself to become the new center of the expanded Vinh city. Most recently, at the end of September 2022, Cua Lo cleared and dismantled 209 food and beverage kiosks, construction works, resorts, hotels... close to the beach. After the clearance, the locality is planning and calling for investors to build commercial and service centers.

Along with the cleaning and beautification of the coastal urban area, the 72m boulevard connecting Vinh City with Cua Lo Town is also being urgently deployed, constructed and completed in phase 2 to double its expansion. This route, once completed, will not only shorten the distance from Vinh to Cua Lo but also create the most vibrant growth axis in the Central region with the planning of commercial centers, offices, high-rise buildings on both sides...

According to the Prime Minister's approval of the general planning of Vinh City until 2030, with a vision to 2050, Vinh - Cua Lo Boulevard will become a "lifeline" route when Vinh City is officially expanded towards the sea. Photo: PV

In particular, the end point of Vinh - Cua Lo Boulevard intersecting with Binh Minh Street has also been expanded and upgraded. Two major contractors are working day and night to construct a road section of more than 7 km long with a total cost of more than 310 billion VND to complete the progress in 2023. After completion, this place will become the entertainment - tourism center of Cua Lo when large-scale entertainment and tourism complexes such as Golf course, Vinpearl Cua Hoi, sea square...

Previously, in March 2021, Cua Hoi Bridge connecting Nghe An and Nghi Xuan (Ha Tinh) was officially opened to traffic, expected to promote trade activities between the two provinces, and at the same time serve as a springboard for Cua Lo tourism to continue to accelerate. In addition, the sea-crossing cable car, connecting the mainland with Song Ngu Island (Hon Ngu) is also urgently preparing for inauguration in the second quarter of this year.

Cua Lo is accelerating its development and growing strongly, attracting much attention from investors.

It can be said that Cua Lo is "transforming" into one of the major coastal cities in the North Central region with large-scale entertainment centers and the longest cable car in the Central region. This is also the reason why Cua Lo is attracting a series of real estate giants such as: Vingroup, T&T, EuroWindow Holding, Tan A, Lotte Vietnam, Central Group Vietnam, ... to invest in 11 real estate projects with a scale of more than 10,000 hectares. Most of these projects are resort - entertainment real estate complexes concentrated in Vinh city and Cua Lo town.

Grasping the transformation of this tourist center, many local businesses have taken the lead in acquiring projects with the best locations in Cua Lo to become pioneers contributing to the development of this place and putting it on the world tourism map.

Located in the most beautiful location of Cua Lo, the intersection of two avenues, Vinh - Cua Lo avenue 72m wide and Binh Minh coastal road, the future urban center of Cua Lo coastal area,Aqua Pearl Cityis considered one of the projects launched at the right time of the transition of Cua Lo coastal urban area. Possessing a limited fund, long-term legal status and completed infrastructure,Aqua Pearl Cityis the most sought-after investment product because of its existing real values ​​and the potential for sustainable value increase that the project brings.

The appeal of sea tourism combined with the constant improvement of connectivity, tourism infrastructure, and local planning has helped Cua Lo gradually become an attractive destination. With the orientation of merging into Vinh city, Cua Lo has been "taking off" to become an attractive destination not only for tourism but also for investors.