Nghe An: New focus in the real estate market thanks to reasonable prices
(Baonghean.vn) - Compared to some provinces and cities that have experienced land fever, Nghe An real estate prices are still considered low, with good profit margins. However, this price is expected to increase sharply in the near future when many real estate "giants" have landed and are starting to implement large-scale projects.
The attraction of new land
Possessing abundant potential but the marketreal estateNghe An is considered to have a slower “start-up” compared to some other provinces and cities. However, this is the current and future advantage of the land.Nghe Anwhen there is still room for growth.
According to statistics, despite being affected by the pandemic, Nghe An's economic indicators in 2021 are still good. Specifically, in 2021, Nghe An's growth rate increased by 6.2%. Nghe An's capacity to attract investment capital began to increase when the province ranked second in the country in attracting FDI in January 2022. The province aims to attract 550 - 600 projects with a total investment of 130 - 150 trillion VND in the 2021-2025 period.
A recent report by the Competition and Consumer Protection Department noted that Nghe An is one of the provinces with the largest market share of industrial real estate in the Central region. While many provinces are facing a shortage of land for industrial development, some industrial clusters in Nghe An still have large land surpluses. To supplement the supply, a series of industrial parks in Nghe An are being deployed. The filling process of industrial parks is a signal predicting the excitement of the Nghe An real estate market.
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| Nghe An real estate, the new focus of the market in 2022. Photo: Perspective of Nidco Thinh Loi - Vinh Park River urban area project. |
In terms of capital cost advantages, compared to areas with similar potential, real estate prices in Nghe An are still low. The reason is that while other provinces are experiencing land fever, Nghe An, especially in Vinh city, land prices are still low.
However, this low price will not last long because up to now, many real estate "big guys" have been and are landing in Nghe An. At the same time, the advantage of economic development also helps this place become the new investment center of the market.
Nidco Thinh Loi Urban Area - Vinh Park River - The heart of Nghe An real estate
Like the movement of traditional real estate markets, investment cash flow in Nghe An tends to shift to the suburban areas of Vinh city. The heat of real estate on the outskirts of Vinh city comes from the "launch" of the new urban area Vinh Park River. The project has a scale of more than 13.17 hectares, surrounded by two rivers Lam and Cau Gay, developed by MBLand - a reputable project development unit with dozens of large projects across the country.
Vinh Park River is an ecological urban area in the South of Vinh city, inspired by Bach Thao Park. The project with outstanding green living space thanks to owning more than 1,600 trees, 37 utilities and dozens of hectares of water surface.
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| The actual image of Vinh Park River Urban Area is gradually taking shape with rapid construction progress. |
The project offers the market 3 main product lines: townhouses, villas and shophouses with long-term ownership. In particular, with its location on Highway 46C, next to the Ong Hoang Muoi Temple spiritual tourist area with a large number of visitors throughout the year, the smartly designed 2-front shophouse row of Vinh Park River urban area will soon become a bustling commercial street with a chain of restaurants, cafes..., becoming the center of business, shopping and entertainment for residents in the area as well as tourists.
According to investors, the heat of the real estate market in the suburbs of Vinh city comes not only from products that hit and match the tastes of customers but also from the profit advantages of this area. Reasonable prices, synchronous and modern investment in traffic infrastructure, the appearance of modern scale projects combined with the real demand for new ecological living spaces... make the land in the suburbs hotter than the land in the inner city thanks to the high profit margin.
On the other hand, when the clean land fund in the inner city is exhausted, only the suburbs can meet the requirements for developing large-scale, modern urban areas. The inevitable change in infrastructure is the increase in real estate prices. Located right in the center of the planning to expand Vinh city to the South, Vinh Park River enjoys the full potential for outstanding price increases.
In the context of other markets having high prices and not much potential for price increase, Nghe An in general and Vinh Park River Urban Area in particular have become the focus of attracting investors.
The trend of searching and interest of investors and customers with real housing needs in Vinh Park River urban area will continue to increase as Nghe An market is in the early stages of the real estate growth cycle. Moreover, in addition to real housing needs and real cash flow from business, many investors invest in Vinh Park River to wait for price increases of products according to the general picture of the market and the progress of the project.
Nidco Thinh Loi Urban Area - Vinh Park River
Investor: Nguyen Hung Investment and Development Joint Stock Company
Project developer: MBLand
Business consulting and management unit: WeLand
VPGTDA: Phu Nguyen Plaza, 19 Cao Thang, Vinh City, Nghe An
Project website: www.vinhparkriver.com.vn
Project hotline: 08.3399.3799
