Shophouse segment - the year-end boost of Dien Chau real estate market

Dien Chau - a bright spot in the North Central region

With many advantages in socio-economic development, in recent years,Dien Chauhas made good use of these advantages to rise up and become one of the bright spots of the North Central region. This is one of the rare localities with three key national transport infrastructure routes running through it, including: the North-South railway, theNorth-South Expresswayand National Highway 1A.

Besides, Dien Chau also actively and proactively deploys infrastructure systems such as building traffic routes, administrative centers, promoting infrastructure for tourism and services, etc., all of which have created a strong driving force for the local real estate market.

Over the past 5 years, the economic structure of Dien Chau district has promoted the construction industry.

Many investors have been implementing large-scale industrial and service projects here such as: Hotel and Safari system of Muong Thanh Group; Market system and Dien Thang commercial center with a total investment of 75 billion VND; Factory of Nam Thuan Company in Dien My, Dien Chau with an investment of 118 billion VND; Factory of Foremart Corporation (Korea) in Dien Thinh commune with a total investment of 139 billion VND; GOC Seafood Export Processing Factory in Dien Hung with a total investment of 154 billion VND; Footwear factory of Jumbo Dulexe Company Limited in Dien Truong with a total investment of 1,000 billion VND...

The development of economic - service - industrial sectors along with the promotion of tourism will create conditions for Dien Chau real estate to develop, especially the demand for high-end real estate products to be formed.

“Boost” from shophouse segment

According to experts, the rapid economic development, especially industry and tourism, will contribute to improving the quality of life for local people. This is the "leverage" for the mid- and high-end real estate segment, in which shophouses are forecasted to be the main product, attracting the attention of the Dien Chau real estate market in the last months of the year.

According to actual records, urban area projects planned for development in recent times have received much attention from the market, especially from young customers with high incomes. For example, the projectTNR Stars Dien ChauWith a scale of nearly 1,200 products (managed and developed by TNR Holdings Vietnam), up to 90% of the products have owners. "The project is well planned, has good landscape and utilities, so it has high liquidity," said Mr. Luu Thanh Tuan, representative of Sacoland real estate trading floor.

According to Mr. Tuan, the shophouse segment is of particular interest to customers because of its advantage of optimizing profit streams, both investing in business and leasing premises, and bringing profitability thanks to value growth over time. At the TNR Stars Dien Chau project, shophouse products satisfy both residential and business needs when located in a high-income residential area, adjacent to the main road, convenient for traffic connections but still ensuring private living needs.

Shophouse at TNR Stars Dien Chau Urban Area.

With well-planned infrastructure, a full range of utilities, and housing designs with diverse functions, new urban areas will quickly be filled by residents, creating many development opportunities for shophouse products. Experts say that the shophouse segment in Dien Chau is an open market for investors and businesses who know how to grasp and anticipate market trends./.