Nghi Xuan will be the 'sweet fruit' for investors in the real estate 'fever' in the suburban area of ​​Vinh City.

Compared to other big cities, Vinh has a not so large area (104.5 km²). Meanwhile, the price of real estate in the center of Vinh city is increasingly expensive and difficult to find. Therefore, many investors have been moving to the outskirts of the city to find profitable opportunities. This has made the real estate market picture in the outskirts of Vinh city become more vibrant.

Real estate prices in the center of Vinh city are increasingly expensive and difficult to find. Illustrative photo

Real estate prices in Vinh city center are increasingly expensive and difficult to find.

In fact, in the past 2 years, the real estate market in the suburbs of Vinh city has continuously welcomed "new waves". A series of new urban area projects have been and are being invested in and built by local real estate businesses, as well as many "big guys" pouring in.

However, the wave of real estate investment in the suburbs of Vinh city only really exploded before the Lunar New Year 2021, after the Project to develop Vinh city, Nghe An province into an economic and cultural center of the North Central region by 2023 in the spirit of Resolution No. 26-NQ/TW of the Politburo was approved. According to the Project, the expanded scope includes: The entire Vinh city; The entire Cua Lo town. In addition, Nghi Loc district will include the entire Quan Hanh town; the entire communes of Nghi Xuan, Phuc Tho, Nghi Thai, Nghi Phong, Nghi Thach, Nghi Truong, Nghi Trung, Nghi Thinh, Nghi Long, Nghi Khanh, Nghi Hop, Nghi Van, Nghi Dien, Nghi Hoa, Nghi Thuan and part of Nghi Xa commune located south of Nam Cam - Cua Lo road. Hung Nguyen district alone will include the entire Hung Tay commune; part of Hung Nguyen town, Hung Loi and Hung My communes located north of National Highway 1 avoiding Vinh city, Hung Dao commune located north of National Highway 46 and National Highway 1 section avoiding Vinh city.

Since then, the areas known as the new suburbs of Vinh city have quickly attracted the attention of real estate investors. In particular, areas with investment policies and regimes for infrastructure, other social facilities, and improved transportation systems, etc. are becoming the destination of smart investors.

Vinh City's expansion project will create many new suburban areas with great development potential.

Vinh City's expansion project will create many new suburban areas with great development potential. Illustrative photo

Observations show that Nghi Xuan area is the bright spot of the entire Nghe An - Ha Tinh market right after the Project to expand Vinh city planning to 2030 with a vision to 2050 was approved. Along with that, a series of information about the implementation, upgrading and expansion of key infrastructure - traffic such as the coastal road project section Nghi Loc - Cua Lo; the route to Xuan Thanh, Provincial Road 8B, national coastal road 22/12, ... have also put real estate in this area in the sights of many investors.

Recently, the opening ceremony of Cua Hoi bridge is also good news for real estate investors. With a total length of 5.271km connecting Cua Lo town (Nghe An) with Nghi Xuan district (Ha Tinh), a total investment of 950 billion VND, Cua Hoi bridge was built to meet the travel needs of people on both banks of Lam river. After the project is put into operation, it will contribute to connecting key economic zones in the South of Nghe An with Ha Tinh; connecting Cua Lo port, Vissai seaport, DKC port and Cua Lo tourist areas (Nghe An), Xuan Thanh (Ha Tinh). The project also contributes to completing the coastal road through Nghe An and Ha Tinh provinces.

Cua Hoi Bridge - traffic infrastructure contributes to promoting the potential of Nghi Xuan real estate market.

Not only scoring with the development potential of the suburbs of Vinh city, Nghi Xuan real estate is also a golden opportunity for speculators to seize when this area is located in the key tourism development area of ​​Northeast Ha Tinh; located in the tourism and trade development planning area Nghi Xuan - Loc Ha, oriented to 2022 Nghi Xuan town and Xuan An town with a number of communes will merge to become Nghi Xuan town.

The opening of Cua Hoi Bridge is also good news for real estate investors. Photo: PV

The key point for real estate investors to "put money" in Nghi Xuan area is that the price in this market is still quite soft compared to other areas around Vinh city, only about 15 - 18 million VND/m2.²Meanwhile, some suburban areas such as Vinh - Cua Lo Boulevard are currently fluctuating around 50 - 60 million VND/m², in some places 70 - 80 million VND/m2. With land prices in some suburban areas being pushed up after a short time, from the perspective of investors, they also want to find solutions with lower costs and greater opportunities for price increases. Therefore, when seeing that the room for real estate price increases in Nghi Xuan is still very large, investors have expanded their investment land fund by moving towards Nghi Xuan.

Xuan An Green Park - one of the pioneering model urban areas in Nghi Xuan.

Xuan An Green Park is located in the town center Xuan An, Nghi Xuan district (Ha Tinh). Project graphic image

Fully embracing the trend of investors shifting to areas with reasonable prices and potential, projects with prime locations in Nghi Xuan are possessing "unique" advantages. For example, Xuan An Green Park project is located in the center of Xuan An town, Nghi Xuan district. This is also a model urban area pioneering the trend of green living - luxury living in the potential Nghe An - Ha Tinh real estate market.