Nghe An Real Estate: Attraction from connecting infrastructure system
(Baonghean.vn) - Nghe An is one of the localities with the largest area in the country, ranking 4th in population with more than 3.3 million people. In 2021, the gross local product (GRDP) increased by 6.2%, higher than the national average (2.58%). Total budget revenue is estimated at more than 18,000 billion VND, exceeding the estimate by 28.6%, up 1.23% compared to 2020.
Along with the rapid economic development, Nghe An's infrastructure is also gradually being completed with a series of key projects, improving regional connectivity. Thanks to that, the real estate market here has benefited strongly, many real estate giants have been pouring into Nghe An to expand land funds and create potential projects.
Breakthroughs from key infrastructure projects
LineDien Chau - Bai Vot Expressway(part of the North-South Expressway Project) started construction in 2021, passing through Nghe An (44.4km) and Ha Tinh (4.9km) provinces, and is expected to open to traffic in 2024. After the project is completed, the travel time from Hanoi to Nghe An will be shortened to about 3 hours instead of 5-6 hours as at present. Right before that, the Cua Hoi Bridge Project across the Lam River, connecting Nghe An and Ha Tinh, was also completed, marking an important step forward in the infrastructure connection system of the two provinces.
In the near future, Nghe An's infrastructure is expected to improve strongly when the Hanoi - Vinh high-speed railway is built. This is one of the two routes prioritized for implementation first according to the plan to build 9 new railway routes in the 2021-2030 period with a total investment of 191,761 billion VND.
Nghe An is also a locality with a diverse transport infrastructure with strongly developed sea and air routes. Vinh Airport was selected by the Civil Aviation Authority as one of the key international airports, flights to and from Vinh are included in the negotiation program with Southeast Asian countries, China, Hong Kong, Taiwan, etc. The province is implementing the construction of Dong Hoi port, when completed, it will join existing ports including Cua Lo port, Cua Hoi fishing port, The Vissai cement port, DKC petroleum port to make the local sea transport system more vibrant. In addition, Nghe An currently has an international border gate, Nam Can, and 4 secondary border gates, thereby becoming an international trade gateway with Laos.
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| The constant upgrading of infrastructure is the driving force that has led many real estate businesses to move to Nghe An. Photo: Perspective of the Nidco Thinh Loi – Vinh Park River urban area project. |
With the strong development of infrastructure while land prices are at a reasonable level, Nghe An real estate market is becoming a magnet attracting investors across the country. In the past 3 years, many "eagles" in the real estate sector have come to Nghe An to "nest", including the "big guy" MBLand with the Vinh Park River urban area project.
Investors believe that when attracting large enterprises, Nghe An real estate will have the same growth potential as big markets such as Da Nang, Quang Ninh, Bac Ninh... And projects with proper investment and planning here will certainly catch the wave of price increases.
MBLand "enters the game" with Vinh Park River
In the market contextreal estateWith the trend of money moving out of urban areas, MBLand's strategy of creating and developing a suburban project is considered a pioneering and right move.
MBLand's Vinh Park River urban area is located in the southern area of Vinh city, with an area of nearly 13.2 hectares. The project offers the market 3 main product lines: townhouses, villas and row houses.shophouse125 units with long-term ownership.
Located on Highway 46C, next to the spiritual tourist area of Ong Hoang Muoi Temple with a large number of visitors all year round, the two-frontage shophouse row of Vinh Park River urban area is especially "sought after" by investors with the expectation that this place will soon become the center of business, shopping and entertainment for residents in the area as well as tourists.
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| Shophouses are gradually taking shape at Nidco Thinh Loi - Vinh Park River Urban Area. Photo: Progress of Nidco Thinh Loi - Vinh Park River Urban Area project in March 2022. |
The project investor has paid special attention to the design of each shophouse to ensure it is suitable for many types of business as well as the living and working needs of the owner. Each shophouse consists of 3 floors and 1 attic, with an area of 154m2 and 136m2, a frontage of 7-8m, and can be used for high-class accommodation services, cafes, restaurants, lounges, etc.
According to experts, the advantages of Vinh Park River in general and the shophouses in particular have helped the products receive the attention of local people and professional investors. It is forecasted that the trend of searching and interest in 125 shophouses will continue to increase as people's investment and business needs grow.
A recent survey of experienced investors also shows that thanks to the breakthroughs in infrastructure connecting Nghe An and other localities, more and more people from Hanoi, Bac Ninh, Ha Nam... are willing to "put down money" to own promising shophouses at Vinh Park River. The expectation of potential price increases in the context of Nghe An's real estate market still in the early stages of the growth cycle is also the reason why investors consider Vinh Park River shophouses a bright spot for investment in Nghe An and the Central region of the country in general.
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