Real estate market potential in Thai Hoa
(Baonghean.vn) - In the past nearly three years, Thai Hoa town, Nghe An province, has attracted tens of trillions of VND in investment for economic, trade, and service development. Infrastructure development, along with the plan for Thai Hoa to become a type III city by 2025, has driven up the price of residential real estate in the area.
Infrastructure boost
In July 2021, the People's Committee of Nghe An province approved the socio-economic development orientation of the town.Thai HoaAccordingly, Thai Hoa town will meet the standards.Type III urban areaBy 2025, this will be an important prerequisite for becoming a city directly under the provincial administration before 2030. It will be a gateway city connecting the western mountainous provinces of Nghe An and Thanh Hoa, as well as a major trade gateway with neighboring Laos through the border gates of Nam Can, Thanh Thuy, and Tam Hop.
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| The urban spatial development plan for Thai Hoa city includes Le Hong Phong Boulevard, directly connecting to the city's administrative area, and an expansion phase towards the South with the Hieu 3 and Hieu 4 bridges. |
The resolution clearly states that Thai Hoa must focus on developing industrial and service zones, developing transportation infrastructure, and building model urban areas; especially attracting investment from large economic groups nationwide to develop the local economy.
With the aim of developing it into a trade gateway for the entire Northwest region of Nghe An and Thanh Hoa provinces, Thai Hoa town has attracted a series of major investors to develop infrastructure in recent times. Notable projects include:
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| Vincom Plaza Thai Hoa, built and developed by Vingroup, is located on Tran Hung Dao street. |
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| The Thien Long sub-area of the TNR Stars Thai Hoa project, located opposite the administrative area and the 52-hectare park, has completed its infrastructure and is ready for handover. |
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| A corner of the new administrative area and Long Son sub-district of the TNR Stars Thai Hoa project, located on Le Hong Phong and Hung Vuong roads. |
Investment opportunities to capitalize on the new growth wave.
With the trend of capital shifting to suburban areas, real estate in Thai Hoa has become a hot commodity due to its advantageous development potential. The influx of capital from large investors with large-scale projects has been and continues to transform the urban landscape of Thai Hoa.
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| The new administrative area and the 52-hectare central park are nearing completion. |
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| The area along Nguyen Trai Street leading towards Hieu 1 Bridge is the central hub for fashion, services, and gold and silver shops in Thai Hoa town. |
According to experts, the emergence of large-scale projects meeting both residential and recreational needs will attract a wave of new investors to Thai Hoa.
With comprehensive planning and clear direction from the People's Committee of Nghe An province, Thai Hoa town will be a key development area in western Nghe An and Thanh Hoa provinces, affirming its position as a city meeting the standards of a type III urban area in the 2022-2025 vision.