Nghe An Real Estate Market is stirring up

Abundant supply, stable price

When the Covid-19 epidemic was once again under control, the real estate market immediately showed signs of "warming up again". Besides the stability of the apartment segment, the land market in some localities is gradually heating up, the cash flow of investors tends to shift to new, potential lands, typically Nghe An.

Nghe An real estate market still has a lot of room for development. Illustrative photo

According to information from the Vinh City Land Fund Development Center, due to the pressure to generate revenue for the budget, the "supply" of land on the market is currently quite abundant. Accordingly, Vinh City plans to put more than 3,000 products into operation, in districts and towns, especially in the delta, each district will put 300 - 400 products into auction...

Despite the increase in supply, real estate prices remain stable and do not fluctuate much. According to real estate trading floors, in the central wards of Vinh City, prices range from 17 to 35 million VND/m2. In districts and towns, such as Dien Chau district, land prices range from 12 to 15 million VND/m2.

Although not really "hot" or "feverish" like big cities,real estate marketNghe An is considered to have its own attractiveness, gradually improving, blending into the picture of local economic development. According to a preliminary survey, at this time, the number of interested customers is mainly buyers with real housing needs and potential investors looking for opportunities.

What is the attraction of Nghe An real estate market?

It can be said that the marketNghe An real estateAlthough it was born late, it has strong appeal thanks to the local government's policy of economic recovery and development, such as the Ninh Binh - Bai Vot expressway project, expected to open to traffic in 2022, shortening the travel time from Hanoi to Nghe An to less than 3 hours.

Other key projects and works are also being urgently accelerated, such as: Project to invest in building public transport routes connecting Vinh - Quan Hanh - Cua Lo; Project to develop sustainable urban areas and adapt to climate change in Vinh City; Project to invest in building an overpass at the intersection between National Highway 1A and 72m road;... In particular, the Cua Hoi bridge project across Lam River connecting Vinh City and Ha Tinh City, when put into operation, will boost trade, connect development potential between economic regions, this will be a strong lever to help real estate in Nghe An and neighboring areas "take off".

Taking advantage of development policies, reasonable planning, and convenient transportation, experts say this is a good time to choose real estate investment. During this period, investors can easily classify projects with good legal status and potential to "put money down". Particularly for buyers with real housing needs, they can easily access projects implemented by reputable investors with strong management and financial capacity, ensuring project progress and product quality.

TNR Stars Dien Chau project has basically completed infrastructure construction.

In which, the project must be mentioned.TNR Stars Dien Chauinvested by OLECO-NQ Co., Ltd., managed and developed by TNR Holdings Vietnam (a member of TNG Holdings Vietnam Group). Overcoming all difficulties caused by the Covid-19 pandemic, TNR Stars Dien Chau has so far kept up with the construction progress, expected to be handed over and put into operation in 2021. This is a typical project that is contributing to creating a new style, improving the quality of life for local people in the coming time./.