Remittances at the end of the year increase sharply, local real estate is excited to welcome new cash flow

Local real estate enthusiastically welcomes new cash flow

For more than 3 years now, every December, Mr. Nguyen Hoang Phuc (Vinh, Nghe An) has been busy with his plan to find a new plot of land. His second son is currently an engineer working in Japan. Every year, Mr. Phuc receives a large sum of money from his son with the instruction "please keep it for me". Mr. Phuc chose to buy land to keep for his son. In the first and second years, he bought a plot of land right in the center of Vinh city.

However, this year, Mr. Phuc has a different plan. Instead of investing in buying land in the city center like every year, he is researching and planning to buy a villa orshophousein a well-planned urban area to anticipate the expansion of Vinh city to the South.

He wants his son to have a new place to live when he finishes his work in Japan and returns to Vietnam, located in a modern urban area with a fresh living space. In case his son chooses to settle in Japan, it will still be a good investment because the land price in the suburbs will increase.

Mr. Phuc is just one of the investors using remittances in local real estate this year. According to the State Bank of Vietnam, remittances to Vietnam in 2021 are estimated to reach 12.5 billion USD. Compared to 2020, the amount of remittances in 2021 increased by 10%, despite the impact of the Covid-19 epidemic. According to estimates by the Vietnam Real Estate Brokers Association,real estateis a channel to receive large remittances into this sector.

Urban areas that are at the forefront of city expansion planning are the investment “focus” of remittances. Photo: Nidco Thinh Loi Urban Area - Vinh Park River

Notably, the remittances are mainly pouring into localities. Typically, in emerging markets like Vinh, in addition to direct transactions, many overseas Vietnamese also ask relatives to buy land in their hometowns for investment.The Vinh real estate market still has many good growth opportunities when real estate prices are not yet commensurate with the current available potential and expectations in the near future.

However, the investment “taste” of Vinh people has changed. Instead of investing in central land, people tend to choose green ecological projects, which not only meet the standards of good quality of life but also possess good profit opportunities.

A representative of a brokerage company in Vinh city explained this trend: “Many Vinh residents prefer to choose green ecological projects because they want their relatives from abroad to have a quality place to live instead of the cramped lifestyle in the city center. On the other hand, they also believe that buying real estate in the suburbs, where there is a pioneering expansion plan, will have a fast and strong price increase. This is the reason why Nidco Thinh Loi - Vinh Park River urban area is attracting a lot of attention, thanks to meeting two criteria: the location directly benefits from the future expansion plan of Vinh city and ensures the quality of green ecological living space.”

Nidco Thinh Loi Urban Area - Vinh Park River: An ideal place to live for people from Nghe An

Nidco Thinh Loi - Vinh Park River Urban Area is located at the commercial center of the southern Vinh IP, which is at the forefront of the city's expansion planning and owns an infrastructure system that is being invested and completed. From the project, it takes less than 10 minutes to travel to the center and outstanding utilities of the city such as: Vinh Market, Vinh University, Southern City Bus Station, ...

Green ecological living space of Nidco Thinh Loi Urban Area - Vinh Park River.

Surrounded by 2 rivers, possessing 3 large internal parks including Central Park, Dream Park, Grand Park, and more than 1,600 trees, Nidco Thinh Loi - Vinh Park River Urban Area brings green ecological living standards.

In particular, the project also owns a chain of 37 high-class facilities, meeting all living, entertainment and health-enhancing needs of all generations in the family, from international kindergartens, walking paths, sports areas, outdoor gyms, to BBQ gardens, clubhouses...

With a green living space, a prime feng shui location and potential for price increases thanks to the push from the city expansion plan, Nidco Thinh Loi - Vinh Park River Urban Area is both an ideal place to live for Nghe An people and an attractive investment. The project is expected to heat up the Nghe An real estate market thanks to the attraction of remittances and a series of projects from major investors in the market continuously pouring into Vinh city in the near future.

Nidco Thinh Loi Urban Area - Vinh Park River

Investor: Nguyen Hung Investment and Development Joint Stock Company

Project developer: MBLand

Business management and consulting unit: WeLand

VPGTDA: Phu Nguyen Plaza, 19 Cao Thang, Vinh City, Nghe An

Project website: www.vinhparkriver.com.vn

Project hotline: 08.3399.3799