Being one of the leading provinces in the regional development strategy of Ho Chi Minh City, Ba Ria-Vung Tau has recently reached the new target of real estate investors.
Real estate giants are quietly looking for land funds in Ba Ria-Vung Tau to catch up with the expected trend of potential growth in the future.
Capital is flowing in
From the beginning of 2017 to now, despite being less mentioned in the southern real estate market such as Dong Nai or Binh Duong, Ba Ria-Vung Tau seems to be undergoing an underground wave of real estate rich man hunting here. Besides, many projects that have been “set up” for a long time have restarted.
After successfully acquiring and developing the Melody Vung Tau project from Ba Ria-Vung Tau Urban Development and Construction Company, the source from Hung Thinh Corp said that the corporation has spent VND1 trillion buy four large projects in the center of Vung Tau.
Similarly, the latest news from Real Estate Company Danh Khoi said that this company has successfully bought a project of nearly 10 hectares in the center of Ba Ria to develop into a city called Barya Citi.
Previously, AllGreen Vuong Thanh-Trung Duong Co., Ltd. in cooperation with real estate company DKRV officially announced the project Vung Tau Regency with a scale of 23 hectares in Vung Tau.
In addition to these names, a series of large projects are starting as Vung Tau-Paradise project is being led by the province leaders to select competent investors to deploy. Viet Han Real Estate Company is implementing two large projects with a total investment of $ 2 billion; Gia Long Company, Nam Hai Company with Gia Long Villas Project and Marine Estates Villas.
According to expert analysis, Ba Ria-Vung Tau is a locality that meets all the requirements of “natural time, land, and peace” to become a potential industrial and tourism development province of Southeast Vietnam.
In 2017, Ba Ria-Vung Tau province has the third largest revenue in the country (after Ho Chi Minh City and Hanoi). This is the only locality in the Southeast of Ho Chi Minh City to gather all factors for the development of industry and tourism thanks to the beautiful coast stretching hundreds of kilometers.
On infrastructure, Ba Ria-Vung Tau is strategically located gateway to the East Sea, adjacent to Ho Chi Minh City in the southern key economic quadrangle, just less than 100 km from Ho Chi Minh City via the expressway. HCMC – Long Thanh – Dau Giay Expressway and Highway 51 extension. In addition, the Ben Luc – Long Thanh Expressway is being prepared to put into operation, which will connect the entire western region with Dong Nai and Ba Ria – Vung Tau.
The Bien Hoa-Vung Tau expressway, Bien Hoa-Vung Tau expressway, Xuyen A expressway, Long Thanh international airport … are planned and step by step has been launched to promote the investment potential. Real estate center Ba Ria-Vung Tau.
Not only that, Ba Ria-Vung Tau is planned to become the leading oil and gas port in the country, of which Cai Mep international port is one of the 19 ports in the world capable of receiving. The super-large ships, so in the future the demand for housing for professionals will increase rapidly.
Duong Minh Tien, deputy general director of Danh Khôi Real Estate Company, said that the pressure of urbanization in Ho Chi Minh City has rapidly developed, the mechanical population is constantly increasing, the land fund is becoming more and more popular. scarcity makes urban life become overloaded.
This fact has shaped the trend in the real estate market, many people, not only with low-income people but also with high-income people to move out of HCMC to settle. find fresh life And this trend will be stronger in the future.
Experts said that the comparison between the potential and what is happening, the development of Vung Tau is not balanced. Investors need to “wake up” the potential of the real estate market in this province by quality projects that meet the needs of customers.
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