Merging Cua Lo into Vinh City: The North Central Coast's tourism capital 'dominates the airwaves' in a new cycle

‏The "push" that triggered the breakthrough helped Cua Lo town "transform"‏

After 117 years of forming a tourist destination and 30 years of construction and development, Cua Lo Town is gradually "transforming" into a bustling "tourist city", an ideal resort destination when receiving a strong wave of investment, anticipating the city's expansion planning.

Possessing beautiful nature, it is a resort paradise with long beaches and attractive tourist attractions that attract millions of tourists every year. In particular, after being merged into Vinh city, Cua Lo is oriented to become one of the tourist centers of the North Central region, an attractive destination for domestic and foreign tourists.

Facing the miraculous change of throne, Cua Lo Town is constantly "transforming" and expanding with the investment of the Government with a series of key infrastructure projects being deployed and completed and put into operation such as Cua Hoi Bridge, Hanoi - Vinh Expressway, Vinh - Cua Lo Boulevard, Cua Lo Deep Water Port...

Mr. Vo Van Tho - Head of the Department of Internal Affairs of Cua Lo town (Nghe An) said that the expansion of administrative boundaries and urban space of Vinh city will promote the comprehensive development of Cua Lo economy. Cua Lo coastal urban area will become a coastal city with an airport, industrial park, etc.

According to experts, this merger not only affirms the new stature, new mindset to have more breakthrough steps on the path of building and developing Cua Lo. From there, it also raises the position of people and businesses, contributes to promoting domestic and international tourism, opening up opportunities to develop diverse tourism models. Soon turn this place into a nucleus, a driving force for development of the region and the whole country; deeply integrate internationally, have high competitiveness with the region.

Along with strong investment from the State budget, Cua Lo also attracts a series of "eagles" such as Vingroup, BRG Group, Vinaconex (VCG),.... with top entertainment and resort facilities such as: Vinpearl Cua Hoi, 18-hole Golf course,... the wave of investment is coming rapidly, meaning that coastal real estate is "heating up" every day.

The resonance from strong investment in transport infrastructure and the planning to merge with Vinh city to become a type I urban area is the "impulse" that creates waves for the Cua Lo real estate market to accelerate, the driving force for price increases in the near future.

The merger into Vinh city also comes with changes and adjustments in planning and orientation of urban space development, not only exploiting the full potential of the land of talented people, giving Cua Lo a new look, but also bringing countless investment opportunities, being a "promised land" for the real estate market.

Cua Lo is getting hotter every day

According to experts, after officially merging into Vinh city, along with the advantages of a coastal city, real estate prices in Cua Lo will continue to open a new golden cycle of price increases, and many investors with foresight will "choose the right place to put their money".

Looking back at history, land prices in localities such as Sam Son, Tu Son, Ha Tien, etc. have had leaps and bounds in growth. According to a survey, before becoming a city, the land prices in the above localities were 10 million VND/m2, respectively.², 14 million VND/m²and 30 million VND/m². After the information about becoming a city, land prices skyrocketed 2-3 times. Or in localities such as Thuan An, Di An, Thu Duc, Phu Quoc... before the information about becoming a city, land prices here increased from 80-100%.

Similar to the story of price increases in real estate markets about to become cities or districts, it can be affirmed that the development potential of the Cua Lo real estate market in the future is very clear.

"Previously, when many other localities became cities, real estate prices immediately doubled or tripled. I am sure this will happen again with Cua Lo, because the price level here is still quite low compared to the general market and in the near future, the government will continue to increase investment for development goals," affirmed Mr. Minh Tuan - an experienced investor in Hanoi.

It is undeniable that Cua Lo has been and is the choice of many investors, with its advantages in marine economy, a place that not only attracts millions of domestic and foreign visitors but also attracts a large number of engineers and experts to work and live, creating advantages for real estate in this area to increase in value.

‏With positive signs of recovery in the real estate market, along with information about planning being the "catalyst" causing the real estate wave to "explode", investors are "eagerly" looking for potential projects, sustainable real estate products that are driven by infrastructure factors and have high price increases.

From the advantages bestowed by nature, tourism combined with macro-level strategic orientations that have been put forth in the master plan, strong investment in infrastructure, Cua Lo is transforming to "welcome new opportunities", becoming more and more vibrant, developing strongly, the Cua Lo real estate market is the "center" to welcome the wave of increasing real estate prices, welcoming the acceleration phase of the market in the new development cycle.