Hoang Son Urban Area: Unique value created from legal framework

Legal transparency, lasting value.

Given the current situation where major cities have limited land for development, leading to a scarcity of supply, investors are waiting and focusing their attention on projects with comprehensive and modern planning. Experts predict that land plots will remain the "king" investment channel, and the land market in provincial areas will continue to attract investors. However, not all areas are attractive to investors; localities with strong infrastructure development and good urban planning, projects with advantageous locations, infrastructure, amenities, transportation connections, existing populations, and especially those with guaranteed legal status, will be the "hot spots" of the market this year.

Legal compliance is the primary criterion that determines the value of a quality real estate property.

A project with transparent legal documentation will help buyers enjoy all the rights of ownership as stipulated by law, ensuring long-term residential security as well as the potential for sustainable property value appreciation in the future, minimizing problems such as delayed handover, disputes, or fraudulent projects.

Compared to savings accounts, gold hoarding, or stock investments, real estate investment offers superior stability, less depreciation, and is a safe haven for medium and long-term capital. Therefore, projects with guaranteed legal status are being eagerly sought after by real estate investors because they promise lasting value.

Hoang Son Urban Area leads the Nghe An market in 2022.

Understanding the importance of legal transparency, right from the preparation stage before launching the project, the investor of Hoang Son Urban Area - Hoang Son Construction Co., Ltd. - has equipped the project with a perfect legal framework, likened to a solid "shield" that increases the project's competitiveness in the real estate market.

Having complete legal documentation has helped accelerate the construction progress of all components of the Hoang Son Urban Area.

Specifically, the project is now legally complete, with all necessary documents and decisions approved by the authorities. 369 land plots in the Hoang Son Urban Area project meet the conditions for sale as per Notice No. 1399/SXD-QLN of the Department of Construction - People's Committee of Nghe An province, signed on May 7, 2021. On October 14, 2021, Decision No. 3778/QD.UBND of the People's Committee of Nghe An province also allowed the investor, Hoang Son Construction Co., Ltd., to transfer land use rights in the Hoang Son Urban Area project through land subdivision and sale. This is a rare project in Nghe An at the present time that is permitted to subdivide and sell land plots, in the context of stricter regulations on this matter, with the policy of completing the exterior construction of houses before allowing transfer of ownership.

In addition, the project's progress has been accelerated, and many outstanding features have been completed, such as shophouses along National Highway 7, a children's playground, and a koi pond; this increases confidence in transactions and provides immediate residential and profitable business opportunities for owners.

Inheriting a prime location and a collection of over 45 high-class internal amenities, combined with a complete legal framework, Hoang Son Urban Area has achieved a unique position when compared to other projects in the same segment and area. By meeting the needs of numerous investors seeking valuable assets with high business and profit potential, the project quickly became a real estate focal point in Nghe An province in 2022.