Land in Vinh market area 'feverish' following 'wave' of projects worth hundreds of thousands of billions

Many key projects are plannedaround Vi marketnh

Vinh Market is a market with a long history and is the largest trading and trading hub in Nghe An province. Land and townhouses with commercial advantages in the surrounding areas are sought after by many people. Land prices on main roads at the present time fluctuate from 80 - 200 million/m².

Vinh Market is the bustling commercial center of the city. Photo: Archive

Recently, the city announced a series of projects with capital of hundreds of thousands of billions of VND, including key projects located in the "golden land" area of ​​Vinh market.

First of all, we must mention the project to build a night street right on Cao Thang Street in front of Vinh Market. It is expected that there will be 114 locations selling many different products such as food, fashion, household goods... During the day, Vinh Market is bustling, at night, Cao Thang Street is bustling, which will further promote the development of this area.

Vietnam's No. 1 real estate brand, Vingroup Corporation, is about to start building a luxury apartment and shopping mall project on a plot of land in Quang Trung B area, just a few hundred meters from Vinh market. Wherever Vingroup Corporation develops projects, the real estate prices around that area will increase.

Map of Vinh market area.

Along with that, Vinh market is also planned to expand with details including:Main hall, 3 floors high, construction area 9,000m²; West communal house, including 9 communal houses, 1 floor high, construction area: 7,975 m²; Eastern communal house, including 4 communal houses, 1 floor high, construction area: 3,725 m²; parking lot, 1 floor high, garbage collection site.

Cao Xuan Huy Street and Ho Xuan Huong Street right at the market bus station have also been invested in and rebuilt with a road width of up to 30m, convenient for trade and travel.

According to the general planning of Vinh city until 2030 approved by the Prime Minister, the city will renovate and upgrade Cua Tien river behind Vinh market. Specifically, the river will be embanked and widened to about 20m, creating a clean and beautiful landscape and environment. In the near future, it will be a "green silk strip" winding through the heart of the city and an ideal destination for tourists to explore the beautiful scenery of Vinh city.

Vinh market land has never stopped being "feverish"

The ancients have a saying "First near the market, second near the river, third near the road", the land value in the areas around the market increases and increases rapidly as an inevitable result of development. According to real estate experts, this is explained: Firstly, markets, especially wholesale markets, are a solid trading foundation that attracts merchants from all over, contributing to promoting economic development in general and real estate in particular; Secondly, the market is always a place that attracts many customers to buy, sell, and visit, creating opportunities for surrounding services to develop; Thirdly, the land around the market always benefits from a developed infrastructure system and diverse services; Fourthly, real estate in this area has high liquidity and can be used for many purposes such as living, business, and renting.

The land is planned for Long Chau Urban Area Project (Vinh Tan Ward, Vinh City). Photo: PV

Hanoi has Dong Xuan market, Ho Chi Minh City has Ben Thanh market, Vinh City has Vinh market, the largest market in the province. The development speed of the area around Vinh market has reached an amazing level, this place is now a bustling center with all the services of banking, supermarkets, entertainment areas...

Mr. Hung, a small trader in the wholesale market area, said, “Currently, I have to rent a kiosk to do business, the rent is up to 20 million VND/month. I have been looking for a plot of land in this area to buy to stabilize the premises for business development, but the price is expensive, and land in a good location is also very scarce.”

Land prices on streets around the market such as Le Hong Son, Cao Thang, Tran Dang Ninh, Le Huan… are extremely expensive and scarce, despite the fact that investors are always actively hunting.

Mr. Dang Trung Kien - Director of Tam Que Real Estate Floor commented: "Technical infrastructure is one of the factors that determine real estate value. Land in Vinh market area is already prime land, now with complete infrastructure planning and accelerated development, the value is expected to increase and the market will become more vibrant."

The proof is that recently, Long Chau urban area (Vinh Tan ward), has just launched the final batch of 33 land lots in the area near the wholesale market and Vinh market, which has received great attention from customers. The project owns a central location in Vinh Tan and Hong Son wards, convenient regional connection, full amenities, and has a separate red book for each lot.

In particular, the two roads running through the project, Ho Xuan Huong Street and Cao Xuan Huy Street, are both planned as key traffic routes with a width of 30m, making traffic more convenient. This is an ideal business location for small traders in the area around Vinh market and wholesale market.

With a scale of 49,839.41 m²Including 2 Lung Lo apartment buildings and 157 plots of land for building townhouses and a commercial area combined with rental housing, this promises to be a modern, model urban area worth living in Vinh city. In particular, the project is located along the Cua Tien River, bringing a fresh, poetic living space right in the city center.

Perspective of Long Chau Urban Area Project.

Detailed information about the Urban Area projectLong Chau customers please contact:

Tam Que Real Estate Floor

No. 7, Mai Hac De, Vinh City

Hotline: 0914.277.737

Website:https://batdongsantamque.com/real-estate/tong-quan-ve-khu-do-thi-long-chau/