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Dong Nai Land Price Increases Sharply In Early 2017

With the leading advantages in opening the policy of expanding infrastructure connection and soft land price, Dong Nai land is becoming the destination of investors.

Increase the price of 30%

In early 2017, while the apartment market in Ho Chi Minh City was quite quiet, the segment of land and houses was very vibrant. Neighboring districts in the east of HCMC and adjacent areas such as Bien Hoa (Dong Nai) and Di An (Binh Duong) have hundreds of transactions.

Over the past two years, land prices in the East increased sharply. This has spread rapidly through the Dong Nai land market. For example, in the Long Hung urban area project in Bien Hoa in just six months, more than 1,500 were sold to the market. The high demand has led to a sharp increase in land prices.

In fact, land prices in Dong Nai have increased by an average of 30%. At the Long Hung project, in June 2016 land price of this project is about VND7 million / sqm, now it has increased to nearly VND10 million / sqm.

Dong Nai land price increases sharply in early 2017
Land for the Long Hung urban area has increased by 30% since it opened in June 2016

“Donaland has just announced 70 commercial townhouses and 92 riverside villas with Long Hung. After a week, the number of interested customers and bookings increased sharply. For the first time in recent years, the real estate market in Dong Nai is so attractive, “said Tran Thi Cam Tu, Director of Donaland.

Many land projects in Dong Nai are also attracting quite a lot of time such as The Viva City by LDG Real Estate as Owner, Giang Dien Villas, Sakura Valley … The Viva Project City in Trang Bom district has a scale of up to 117ha but currently, nearly 2000 products of phase one have been sold out.

Recently, LDG Real Estate Company kicked off the ViVa Square commercial center in The Viva City and took over the commercial shop. On the day of publication, 300 customers registered to buy the product.

Viva Square is the first modern and traditional business model in Trang Bom, adjacent to Bien Hoa. Currently, land prices for these projects have also increased by an average of 20-30% compared to six months ago.

Infrastructure advantage

According to professional analysis, there are many reasons explaining the land situation in the Dong Nai area, including two main causes: the attractiveness of infrastructure and the price of land is relatively soft compared to the region. the edge of the city. Dong Nai is also an area of population and connectivity, with the border with most of the eastern and southern provinces.

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Currently, a series of key transport infrastructure has completed and will connect Ho Chi Minh City with Dong Nai such as Ho Chi Minh City-Long Thanh – Dau Giay Expressway, Long Thanh International Airport, Xa Lo Ha Extension has been put into use, other works such as Metro Ben Thanh – Suoi Tien are being built and will connect Ho Chi Minh City with Bien Hoa.

Dong Nai land price increases sharply in early 2017
These infrastructures have made the gap between Ho Chi Minh City and Dong Nai more and more closer.

At the same time, the new East Bus Station in District 9 being built to replace the current Eastern Bus Station will soon be put into use also stimulates the whole area to develop. These infrastructures have made the gap between Ho Chi Minh City and Dong Nai more and more closer. Since then, a large number of people have worked in HCM City to live in Dong Nai.

Tran Thi Cam Tu, director of the Donaland Company, said that due to the habit of living most of the immigrants in the Eastern or Central region, the demand for housing has chosen the East to set up business. Another reason why land in Dong Nai is attractive because it is the difference in price.

“While Dong Nai is just one river away from Ho Chi Minh City, the price of land in District 9 and Thu Duc is an average of VND20 million per square meter, but Dong Nai is still relatively low. In the future, when the floor connected to complete the price of Dong Nai is likely to increase, ” said Tu.

And Mr. Nguyen Khanh Hung, Chairman of the Board of LDG Real Estate Company said that in 2016 thousands of products from these projects were traded successfully. This is evidence of the attraction of Dong Nai real estate is increasing.

“The Dong Nai real estate market is recovering recently, partly because Dong Nai land prices in comparison with HCMC are relatively soft. We will continue to develop the land bank around the core market and expand the neighboring markets of Bien Hoa, Long Thanh, Binh Duong … to welcome the trend of spillover from the big cities to satellite areas, “Hung said.

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