Revealing the new 'fever' of the real estate market in Vinh city, Nghe An
(Baonghean.vn) - Land in the core area of Vinh city is increasingly scarce and expensive. In that context, the city's real estate market is shifting its focus to wards with abundant vacant land and reasonable prices.
According to current survey, land price in some central wards of Vinh city has reached its peak, fluctuating from 25-30 million/m2, business land on major roads costs from 80-130 million/m2. Therefore, in some neighboring wards, there is still a lot of vacant land with reasonable prices such as Dong Vinh, the real estate market is very active. The reason why this land has great attraction for investors is because it possesses many ideal strengths:
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| Dong Vinh Ward on Vinh city map. |
Economic and infrastructure resilience
Previously, Dong Vinh was a suburban ward, but with the general development, it became a center with high population density and economic development. In 2018, this was one of the wards with the fastest economic growth rate in the city.
Currently, the infrastructure of “electricity, roads, schools, stations” in the area has been invested synchronously and modernly. With the orientation of developing trade - services, the ward’s industry is attracting more and more businesses, factories as well as industrial clusters to set up shop.
The remarkable economic development, the perfection of infrastructure and the inherent natural advantages have paved the way for the strong development of the real estate market.
Reasonable real estate prices
In recent years, real estate in Nghe An has started to "warm up" again, land prices in the city center have peaked. Le Mao, Doi Cung, Hong Son, and Truong Thi wards have prices ranging from 15 to 30 million/m2.2, even in some places from 80-100 million VND/m2... Meanwhile, land in the central area is very scarce. That reality is opening up great opportunities for neighboring wards, especially Dong Vinh.
According to experts, Dong Vinh is currently in the early stages of its development cycle, so the price is very reasonable, only from 13-15 million/m2With the advantage of large land fund, rapid economic development, complete infrastructure, the potential for price increase and real estate explosion in this area is inevitable.
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| Dong Vinh is the starting point of the 72 m Vinh-Cua Lo avenue. |
“Golden point” connection
Bordering wards and communes of Vinh city such as: Le Loi, Doi Cung, Quan Bau, Hung Chinh, Hung Dong and Hung Nguyen district..., Dong Vinh is close to Truong Chinh street and only 2-3 km from main roads such as Quang Trung, Le Loi. In particular, from here to Vinh bypass, Vsip industrial park - the largest scale in Nghe An about 2km.
Dong Vinh is also the starting point of the 72m avenue - where administrative centers, high-rise buildings, iconic structures and top-scale entertainment areas of Nghe An are concentrated. Therefore, the ward will benefit from the massive planning of this super avenue.
Welcoming investment flows, gathering many large-scale projects
Rapid economic growth, complete infrastructure, and low land prices are factors that create attraction for the Dong Vinh real estate market.
It is known that the Provincial People's Committee has approved the list of projects calling for investment in a new urban area project worth over VND4,000 billion in Dong Vinh Ward and Cua Nam Ward. The project has a scale of 37.8 hectares, of which the land area in Dong Vinh Ward is 30.4 hectares. The project includes: mixed-use buildings, social housing, low-rise housing, cultural houses, green areas and sports facilities...
In addition, a 55.6-hectare urban area will be planned and built in Dong Vinh. The Provincial People's Committee has agreed to auction this land.
According to experts, when these projects are launched, they will create a 'fever' in the real estate market in Dong Vinh. Therefore, investors have quickly seized the opportunity and "hunted" for potential products. Some new projects launched in Dong Vinh such asLucky Ariwill quickly attract special attention of the people.
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| Lucky Ari urban area, Dong Vinh ward, owns a prime location advantage. Photo: PV |
Lucky Arihas the advantage of central location, full amenities, guaranteed legal status, high quality completed infrastructure, 100% clean land fund and especially the price in the affordable segment is only from 1.2 billion VND (about 13 million/m2).2). Products with the same price in the center of Vinh city are currently extremely rare, while customer demand is very high. Therefore, this project has the potential for price increase and high liquidity.
Also in Dong Vinh ward, some other projects are currently being offered for sale at prices of 16-25 million/m2; auctioned land on lane 2 on Tran Binh Trong street is also sold at a price of 12-15 million/m2;Nam Le Loi urban area has price from 17-29 million/m2.
Building an urban area requires a large land fund, but the central wards of Vinh city have no more vacant land. Therefore, Lucky Ari is one of the few newly built urban areas in the core area of the city.
The above mentioned factors of “heavenly time - favorable location - harmony of people” are the “golden key” for Dong Vinh to have more “attraction” to become the “new hot spot” of Vinh city. And potential projects such asLucky Aripromises to be a "golden goose" for investors with vision.
For more information about Lucky Ari Project, customers contact:
Tam Que Real Estate Floor
Address: No. 7, Mai Hac De, Vinh City
Hotline: 0986. 666. 797 - 0974. 800. 099 - 0943. 155. 878
Website:https://batdongsantamque.com/
