House and villa projects in Long An have recently witnessed increased market uptake. Apart from the potential for urbanization and infrastructure projects, the fact that prices are very low also helps Long An’s real estate to become attractive.
>> South Korean companies promote investment in Long An
>> Japanese companies hail investment environment in Long An
>> How high-tech is revolutionizing agriculture in Long An
| A real estate project in Long An province. |
| Photo : CTV/CVN |
In the third quarter of 2022, the Long An market recorded a series of major projects. Their main products are townhouses and villas with full legality and good internal infrastructure.
Notably, most of these projects associated with Bypass Road 3 are implemented drastically by the government. In the Cân Giuôc region, all the projects recorded fairly good sales rates. The large “Waterpoint” project implemented in Long An also called “city by the river”, on 355 ha, offers luxury villas “The Aqua”. It is the first “Waterpoint” type complex with a location adjacent to the 8.6 ha artificial freshwater bay, bordering the Vàm Co Dông park and connecting the commercial axis of the urban area.
The market report for the first six months of the year from DKRA Vietnam found that the price of villas in Ho Chi Minh City is around 700 billion VND / unit, while in Dong Nai it is 107 billion VND / unit. dong/unit.
In new projects in the southwestern suburbs of Ho Chi Minh City, houses costing tens of billions of dong are now very common. From this, it can be seen that the potential of the houses and villas segment in Long An is still very large as this area is developing and benefiting from very large investments.
Looking further, Long An plans to turn areas adjacent to Ho Chi Minh City such as Bên Luc and Duc Hoà into modern satellite cities. In the near future, when these localities are transformed into cities, real estate will benefit greatly. This happened in Binh Duong and Thu Duc town.
Pivot of public investment and FDI
 |
| The Ben Luc area has a high rate of urbanization and invested in many city-oriented infrastructure projects. |
Currently, Long An province is developing a synchronous, modern, ecological and intelligent urban system. Bên Luc becomes a satellite city of Ho Chi Minh City, developing new urban projects with modern and multifunctional architecture on the model of smart cities.
It will be a key development axis, seamlessly connecting to Ho Chi Minh City through traffic axes such as National Highway 1, Ho Chi Minh City – Trung Luong, Ben Luc – Long Thành highways, provincial road 830, Nguyên Van Linh boulevard, Vo Van Kiêt avenue…
To achieve this goal, by 2025, Long An is expected to spend up to 30 trillion VND on the infrastructure system. Since the beginning of 2022, a series of major projects have been launched by Long An such as Luong Hoa – Binh Chanh, Huu Thanh – Tân Buu roads, provincial roads 826E and 824…
Other projects such as the renovation of national road 1, the construction of bypass 3, the Duc Hoà – Chon Thanh highway, or even the Bên Thanh – Tân Kiên metro will also be launched. These infrastructure projects represent a sustainable pivot for economic development, urbanization and improving the connection between Bên Luc and Ho Chi Minh City.
In addition to a series of major infrastructure projects, Long An also invests in numerous industrial development and service projects. Specifically, Long An plans an economic zone of 3,200 ha around Long An International Port and a list of 16 projects requiring key investments, including Long An Border Gate Economic Zone (13,080 ha); the industrial park of Phu An Thanh (1,000 ha), Viet Phat (918 ha), Prodezi (400 ha); logistics – logistics receiving area at Long An International Port (147 ha); logistics center and logistics service in Bên Luc (10ha)…
If Long An province develops in the given time, in the next few years, it will attract many experts, engineers and highly skilled workers to work and live here.
In recent years, Long An has made a breakthrough to become one of the country’s leading localities in attracting foreign direct investment (FDI). Specifically, in 2021, Long An’s FDI attraction will reach over 3.7 billion USD.
This is an impressive number in the context of COVID-19, which has made it difficult for foreign investors to travel. It is also an important factor that promises to usher the Long An real estate market into a new phase of growth.
Texte et photo : Minh Thu/CVN