A supply-demand imbalance exists in the Vinh real estate market.
(Baonghean.vn) - The "mismatch" between supply and demand in the Vinh City real estate market is becoming increasingly evident. The customer base seeking "green" homes is expanding, while the supply of this type of product is shrinking.
Vinh's real estate market is booming thanks to new demand.
In recent years, Vinh's real estate market has been considered an emerging and highly attractive market. Besides the influx of professional investors, there is a significant demand from customers within Vinh's city center. They tend to move to the outskirts of the city to seek green living spaces instead of remaining "settled" in their homes lacking amenities. Investors call this shift a "return to nature" trend, in the context of increasing attention to disease and health issues.
Compared to major cities, the migration to the suburbs in Vinh is considered slower. This is because the demand for green living has exploded in the last three years and has become an essential need for urban residents. Globally, green living has been around for decades and has become an irreversible trend, an essential human need. The educated and successful class are even more aware of this.
Although somewhat slow to catch on, the trend of moving to the outskirts of the city and to eco-urban areas is strongly emerging in Vinh. Commenting on this trend, a leader of a real estate company in Nghe An analyzed that the demand for green living among Vinh's urban residents has always existed. However, previously, products meeting green living standards were almost non-existent on the market. With the emergence of the Nidco Thinh Loi - Vinh Park River urban development project, the demand for green living has truly become apparent.
On the other hand, according to this leader, as a two-way chain reaction, the emergence of eco-urban areas in the market also accelerates the return of Vinh natives. These are talented young people who studied in major cities or abroad. While previously this group of customers often chose to stay in Hanoi or abroad to settle, now they tend to return to their hometown to live and develop their careers. This young group of customers has a broad vision. They are dynamic and choose safe real estate, meaning houses with land attached, which can be used for both living and business, generating income from business operations.
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| Integrated amenities system with eco-friendly standards at Nidco Thinh Loi - Vinh Park River urban area. (Rendering image) |
The Vinh real estate market also attracts a clientele of talented and successful businesspeople who want to expand their businesses back to their hometown. Besides wanting to contribute to their hometown, they recognize the fierce competition in the larger markets of Hanoi and Ho Chi Minh City, while the potential for profit growth in a new market like Vinh remains significant. Furthermore, the local government's talent attraction policies also contribute to attracting this clientele.
Another customer segment seeking green housing in Vinh is the group of retired intellectuals choosing to return to their "roots." This group is observed to be quite large. They want to enjoy a peaceful retirement life in their hometown.
Owning a shophouse: Catching the investment wave
With the emergence of new customer segments, the Vinh real estate market faces significant demand for housing, especially in eco-urban areas. However, the supply of this type of product remains modest. As a pioneering eco-urban model in Vinh, Vinh Park River only offers a limited number of products to the market: 66 villas and 309 townhouses and shophouses. This is also why, upon its announcement, the project quickly attracted the attention of savvy investors.
In terms of location, Vinh Park River is situated on the main transportation route between the southern district and Vinh City, close to the city center with only a 7-minute drive. This advantageous location allows the project to be situated amidst a major flow of residents moving from the south to the city center and vice versa. In particular, thanks to its proximity to the Ong Hoang Muoi Temple, the commercial streets at Vinh Park River will quickly become vibrant and bustling due to the steady stream of tourists.
Specifically regarding the commercial townhouse product line, the advantage of its "2-in-1" design, with two street frontages and a 3-story structure plus a rooftop, perfectly matches the preferences of the intellectual clientele. This is because the optimized, intelligent design offers the potential for business on two street frontages or the ability to live separately while simultaneously renting out space as a shop in Vinh Park River commercial townhouses.
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| The commercial townhouses in the Nidco Thinh Loi – Vinh Park River urban area offer exceptional profit potential. (Rendering image) |
With strong demand for "green" housing and limited supply, commercial townhouses at Vinh Park River are predicted to sell out quickly. Savvy investors understand that: A product with all the necessary conditions for a sure-win investment makes Vinh Park River a top priority choice.
Nidco Thinh Loi Urban Area - Vinh Park River
Investor: Nguyen Hung Investment and Development Joint Stock Company
Project developer: MBLand
Business Development Unit: WeLand
VPGTDA: Phu Nguyen Plaza, 19 Cao Thang Street, Vinh City, Nghe An Province
Project website:www.vinhparkriver.com.vn
Project hotline: 08.3399.3799
