Starting construction of Long Thanh International Airport in 2019 and building bridges from District 9 (Ho Chi Minh City) through Nhon Trach (Dong Nai) are attractive information to attract investors to Dong Nai in the following time.
Expect to have the infrastructure breakthrough
Once upon a time, Dong Nai was considered as the most potential market in the East of Ho Chi Minh City with hundreds of projects scattered from Long Thanh, Nhon Trach to Bien Hoa. However, along with the “typhoon” of the real estate market, Dong Nai also fell into a long sleep with a series of projects that has registered capital up to several hundred million. However, in recent years, the Dong Nai real estate market is showing signs of a strong recovery when liquidity and prices start to rise again, which is notable for the hunting of the investors in the land segment to catch up with the development of infrastructure. Immediately after Long Thanh International Airport was officially approved by the National Assembly, many investors have been hunting hard at the projects around the area to locate the airport location, where prices will dramatically increase.
On July 9th, Deputy Prime Minister Trinh Dinh Dung directed the construction of a special mechanism, shortening the preparation time tp make sure that by 2019 will the start of the construction of Long Thanh International Airport. Prior to that, the People’s Committee of Ho Chi Minh City has proposed the Prime Minister to approve the policy of supplementing the planning of building bridges to replace Cat Lai ferry in the planning of transport development in Ho Chi Minh City until 2020 and vision after 2020. Accordingly, Cat Lai Bridge connects District 2, Ho Chi Minh City with Nhon Trach District (Dong Nai Province). This information is interested in the people of Ho Chi Minh City as well as business real estate specialists because when the bridge is built, two areas will be pulled closer thanks to the convenient transportation. For Metro No. 1 Ben Thanh – Suoi Tien, Dong Nai province also proposed ministries and central branches to invest more to connect Bien Hoa City (Dong Nai).
Many projects go shortcut
According to the Department of Planning and Investment (DPI) of Dong Nai province, there are over 200 real estate projects in the province, of which nearly 10 projects have investment capital of several hundred million dollars or more. Typically in Bien Hoa (adjacent to District 9, Ho Chi Minh City) will be the launch of the Long Hung Open Economic Urban Area. This is one of the five projects of Dream Land City with a scale of 1,184ha. Owning 45km of river bank with complete infrastructure, this urban area is being targeted by investors especially in the context of red book land is becoming the hot trend in the market in the near future. In addition, the Aqua City project covers an area of about 305ha with a total investment capital of USD 519 million, Hoa Sen Dai Phuoc Project in Dai Phuoc Commune, Saigon East New Urban Area, Urban Area Phuoc An new urban area, Nhon Trach new urban area, Vinh Thanh residential area, Sunflower City residential project, Long Tan – Phu Hoi commercial residential area (Nhon Trach district).
It is clear that the appearance of Long Thanh International Airport is helping the Dong Nai real estate market become more positively. At the same time, because Dong Nai is adjacent to Ho Chi Minh City, Binh Duong and gateway to the sea, the area should be supported much of infrastructure development orientations to the East of Ho Chi Minh City. These are the main reasons which make Dong Nai real estate market heats up recently. Le Tien Vu, Deputy General Director of Cat Tuong Real Estate Joint Stock Co, said that while Ho Chi Minh City’s land fund is becoming scarce, tightening land plots by Decision No. 33 of the People’s Committee of Ho Chi Minh City makes land fund become more and rarer. Therefore, the rise of land projects in the coastal provinces such as Dong Nai, Long An is easy to understand. Dong Nai’s recent market survey shows that the land segment is more active due to the supply and demand from buyers increasing continuously as investors are going shortcut to wait in front the infrastructure projects in the area.
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