'Out of phase' supply and demand in Vinh real estate market

Vinh real estate market is bustling thanks to new demand

In recent years, Vinh real estate has been considered an emerging and attractive market. In addition to the influx of professional investors, the real demand from customers from Vinh city center is very large. They tend to move to the outskirts of the city to find green living space instead of "staying" in a "place of residence" lacking amenities. Investors call this shift the trend of returning to nature, in the context of the epidemic and health issues being increasingly focused on.

Compared to big cities, the wave of moving to the suburbs in Vinh is considered slower. Because the need for green living has exploded in the past 3 years and has become an inevitable need of urban residents. In the world, green living has appeared decades ago and has become an irreversible trend, an inevitable need of people. With the educated and successful class, they are more aware of this.

Although it is a bit slow to catch the wave, in Vinh, the wave of moving to the city's suburbs and to ecological urban areas is rising strongly. Assessing the entry into the "suburban" orbit, a leader of a real estate company in Nghe An analyzed that the need for green living of Vinh urban residents has always existed. But before that, the product line that met green standards almost did not appear on the market. When the Nidco Thinh Loi - Vinh Park River residential area project appeared, the need for green living really became clearly present.

On the other hand, according to this leader, as the principle of two-way chain effect, the appearance of the ecological urban area in the market also accelerates the return of the children of Vinh. That is the generation of talented young people studying in big cities or abroad returning. If in the past, this group of customers often chose to stay in Hanoi or abroad to settle down, now they tend to return to their hometown to live and develop their careers in their hometown. This group of young customers has a long-term vision. They are dynamic and choose safe real estate, that is, houses attached to land, which can be used both for living and for business to generate cash flow from business exploitation.

Eco-standard synchronous utility system at Nidco Thinh Loi Urban Area - Vinh Park River. Perspective image

Vinh real estate market also welcomes customers who are talented and successful businessmen who want to expand their market to their hometown. In addition to the desire to contribute to their hometown, they realize the fierce competition in the large markets in Hanoi and Ho Chi Minh City while the room for profit growth in new markets like Vinh is still very large. Not to mention, the local government's talent attraction policy also contributes to "rolling out the carpet" to attract this customer group.

Another group of customers who are in need of green housing in Vinh is the class of retired intellectuals who choose to return to their "roots". This group is observed to be quite large. They want to enjoy a peaceful post-retirement life in their hometown.

Owning a shophouse: Catching the investment wave

With the emergence of new customer files, the Vinh real estate market is facing a large demand for housing, especially for ecological urban areas. However, the supply of this product is modest. As a pioneering ecological urban area model in Vinh, Vinh Park River Urban Area has only supplied the market with a small number of products: 66 villas and 309 townhouses and shophouses. This is also the reason why as soon as this project was announced on the market, it quickly attracted the attention of quick-witted investors.

In terms of location, Vinh Park River is located on the axis of movement between the southern district and Vinh city, adjacent to the city center, only 7 minutes away. This location advantage helps the project to be located in the middle of a large population movement from the south to the inner city and vice versa. In particular, thanks to its proximity to Ong Hoang Muoi Temple, the commercial streets at Vinh Park River will quickly be filled and bustling with a stable number of tourists.

Evaluating only the commercial townhouse product line, the advantage in the "2 in 1" design, with 2 facades, and the 3-storey and 1-attic structure of this type of product has "caught the wave" of the taste of the intellectual customer group. Because the optimization in smart design will bring the ability to do business with 2 facades or the need to both live separately and rent as a shop of Vinh Park River commercial townhouses.

Outstanding profit potential of the commercial townhouses in Nidco Thinh Loi Urban Area - Vinh Park River. Perspective image

With a large demand for “green” housing, while supply is scarce, commercial townhouses at Vinh Park River are predicted to create a “sold out” situation. For quick investors, they understand that: A product with all the necessary and sufficient conditions for a sure-win investment, choosing Vinh Park River in the priority investment list is a must.

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, Vinh City, Nghe An

Project website:www.vinhparkriver.com.vn

Project hotline: 08.3399.3799