Real estate investors are excited by the market 'wave' in Hong Linh town (Ha Tinh)

A corner of Hong Linh town - Ha Tinh. Photo source: Ha Tinh Newspaper

Decoding the "heat" of Hong Linh real estate

2020 is an impressive year for Hong Linh. Towncontinuously welcoming new investment waves; occupancy rates and land rental prices in industrial clusters have continued to increase sharply.

Specifically, during the year, the town attracted 9 investment projects in production and business, with a total investment of 1,587 billion VND. Typical projects include the Hanoi - Nghe Tinh beer factory project with a scale of 50 million liters/year, investment of 1,215 billion VND, the high-tech bolt and screw factory project (15.98 billion VND); the EPS foam box factory project (14.95 billion VND)...

Up to now, the town has 4 industrial clusters with more than 380 enterprises and representative offices and branches... The occupancy rate at the industrial clusters is over 70%. In addition, many large corporations such as VSIP and Samsung are also conducting research on this market.

Haivina Hong Linh Garment Factory in Nam Hong Industrial Park. Photo source: doanhnhanplus.vn

In 2021, the town has built a dossier to establish Cong Khanh 3 Industrial Cluster and Nam Dau Lieu Industrial Cluster according to the planning. Thus, up to now, Hong Linh has had a plan to fill the industry.

With a strategic location on the east-west corridor with National Highway 1A and National Highway 8A running through Laos, Hong Linh is a hub for goods and services trading of the province as well as the North Central region. Along with that, the completion of the transportation system, infrastructure, diversity of resources and open policies have created more attraction for the town.

With the current speed of development and investment attraction, Hong Linh will certainly become a dynamic development center attracting strong investment, accelerating the development and urbanization process. Especially the core urban areas such as Dau Lieu and Nam Hong wards will develop to their full potential in the future.

Land prices in the outskirts of Nam Hong industrial park have increased sharply. Photo source: Ha Tinh Newspaper

The market continues to heat up

Once industry develops strongly, the locality also focuses on synchronous investment in infrastructure, logistics, services, etc., at the same time increasing the demand for housing. That will be a ripe opportunity for real estate near industrial parks to rise strongly.

In fact, the strong industrial development in Hong Linh has created a driving force for the real estate market to break out. According to a survey at the Nam Hong industrial cluster - which has welcomed a series of new projects recently, land prices in the surrounding area have increased sharply, and the real estate market has become very active.

A real estate office owner in Dau Lieu ward said that, as a common rule of the market, recently when new projects are invested in, infrastructure is developed, real estate in Hong Linh town is more vibrant; real estate value increases accordingly.

Accordingly, land prices in Hong Linh Town have increased by 30% compared to the same period last year and are still on the rise. In Nam Hong Ward, land prices have increased from 4 million VND/m²up to 7 million VND/m²; Nguyen Dong Chi street frontage from 5 million VND/m²over 9 million VND/m²; plots of land near the projectTNR Stars Hong Linh, Haivina Hong Linh Company Limited land price increased from 3 million VND/m²up to 6 million VND/m².

The increase in the real estate market in Hong Linh is an inevitable rule of economic development and investment attraction. However, investors need to determine long-term investment plans with potential products; meeting new trends and aiming at real needs./.