Bustling real estate market in Vinh - Nghe An in the last months of the year

(Baonghean.vn) - 2017 is considered a pivotal year marking a strong transformation of the Vinh - Nghe An real estate market. If the first days of the year the market recorded abundant supply from the arrival of a series of "big guys", then in the last months of the year the market became bustling with a series of successful transactions.

Thanh Vinh - Nghe An, the golden land attracting real estate tycoons

According to the project approved by the Prime Minister, by 2020 Vinh City will become the economic and cultural center of the North Central region. In 2017, the province issued a number of mechanisms and policies to create initiative for Vinh City to develop in the right direction. Transport infrastructure is also given special attention to strong development, including roads, waterways, airways, railways... Key transport projects include the 72m Vinh - Cua Lo avenue, the 35m road connecting National Highway 46 with the Lam River road, the Cua Hoi cable-stayed bridge connecting Vinh - Ha Tinh, the Vinh - Thanh Hoa expressway, the expressway connecting Pacxan (Laos) - Thanh Thuy border gate... This will be the lever, creating momentum and strength for the real estate market to explode.

Vinh - Nghe An is changing day by day

Realizing the potential, famous investors continuously jumped in, in addition to local investors, there are also big real estate companies in Hanoi and Ho Chi Minh City participating such as Viccentra - Eurowindow Group, Bao Son Group, VinGroup, T&T Group, FLCGroup, BRGGroup, Vinaconex, Handico... especially foreign corporations have also implemented super projects such as: VSIP - Singapore, Hemaraj Group - Thailand, Kovinet Group - Korea... in Nghe An... The presence of real estate giants in Vinh brings abundant and rich supply to the land full of potential. Besides the land segment which is already hot in the province, the apartment segment has become new, attractive and received good absorption from the market. According to records, there are currently more than 100 real estate projects, of which more than 60 apartment buildings have been and are being implemented with prices ranging from 11 million to 16 million/m2.

Apartments dominate the market – Big deals at the end of the year

Due to the increasing demand for apartment buildings, Vinh City has attracted many investment projects to build high-rise apartment buildings, many of which are invested synchronously with many high-rise buildings, technical infrastructure works, public works, etc., creating a civilized and modern urban architectural complex.

Talking to reporters, Mr. Nguyen Viet Anh, General Director of Dat Xanh Nghe An Real Estate & Services Joint Stock Company, said: “Following the general trend of developed cities in the world as well as in Hanoi and Ho Chi Minh City, the housing preferences of Vinh city residents are currently also moving towards high-end apartments with smart design, beautiful locations, full of high-end services, convenience, security, civilization and reputable investors. Especially young families, families with stable income, want to find a comfortable and modern living space. According to the real estate cycle, transactions in the last months of the year become more active because of bonuses and remittances gradually pouring in, as well as the psychology of buying houses before Tet to welcome a spacious spring”.

Euro Windown Nghe An project is located at Diamond position

Some of the outstanding projects include Bao Son Green Pearl and Bao Son Complex apartments invested by Bao Son Group. These two projects have beautiful locations, unique designs, construction quality highly appreciated by experts and full amenities with prices of about 12 million/m2.

Located in the central location with 4 street frontages adjacent to the main roads: Quang Trung, Nguyen Canh Chan, Phan Dinh Phung and Dang Thai Than is T&T Victoria. Since its launch, it has received special attention from regional customers and investors. Considered a miniature Singapore, the landscape and utility arrangement at T&T Victoria is of a first-class level in Vinh City with 45 utilities and services: food court, shopping mall, bank, spa, multi-purpose gym, table tennis area, reading area, entertainment area... The resounding successes of T&T Group are a guarantee for the progress and quality of T&T Victoria.

A famous project in a prime location and is currently preparing to hand over the house, winning the hearts of customers and investors is the 20-storey Eurowindow Nghe An tower. Eurowindow Nghe An is located right in the middle of Vinh market intersection, adjacent to 3 main streets, this is the most special and prime location in Vinh city. Since its launch, Eurowindow Nghe An has been highly appreciated by experts, architects, and construction workers for its quality and aesthetics with a modern, strong and very sophisticated design.

It can be said that since the large real estate corporations entered the Nghe An real estate market, people here and neighboring provinces for the first time had the opportunity to access and experience living in apartments that meet the standards of real luxury apartments and contributed to promoting the Nghe An real estate market to be vibrant, develop professionally and sustainably.

The price of apartments in Vinh is considered moderate and is considered a potential investment opportunity. With the current rapid development of infrastructure and urbanization, apartment prices will certainly increase in the near future.

PV