Binh Duong is a city located in the southern key economic zone. The property market of Binh Duong is considered as a potential land for investors and buyers.
Along with the heat from the property market in Ho Chi Minh City, the property sales in Binh Duong during this period also have many changes.
The situation of buying houses in Binh Duong
Binh Duong is a large city with many industrial parks with stable economic development, so the volume of labor from the regions is huge here. Besides the development of traffic as well as the planning of the new city has made many people choose Binh Duong as a place to buy a house. These factors contribute to the excitement of the real estate market in the region as the demand for home buyers increase.
Although the property market in Binh Duong is slowing down, the volume of transactions in Binh Duong is still increasing in the first months of 2017. The property market in Binh Duong has developed many segments but land Residential and prefabricated houses remain the product of choice. But buyers in Binh Duong are also concerned about many issues. Homes or land prices are affordable, ensuring the proper legal location is attracting many people looking to buy.
The purchase price of Binh Duong in the coastal areas of Thu Dau Mot, Thuan An Town, Ben Cat Town is still on the upward trend. This increase is about 22%, especially in completed infrastructure and legal projects, the increase could be much higher.
Situation of selling houses in Binh Duong
The development of Binh Duong to become a centrally-run city is a powerful motive for attracting many investors to the property market in Binh Duong. Investors put a large amount of capital into creating the diversity of many property segments to serve the needs of different segments and groups of clients.
Although no sales growth and strong development as the property market in Ho Chi Minh City, the situation of selling land Binh Duong are still going on extremely exciting period. Statistics of property investors show that the price increase of the Binh Duong market reached over 15%. Some large projects are located in the center and adjacent to Ho Chi Minh City with a very high margin such as The Mall City Project, Golden Center City …
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The potential from the property investment market in Binh Duong is real, but the situation of selling houses in Binh Duong recently has been complicated changes. The property supply is plentiful but few buyers. The cause for this is the people’s demand for residential land, but the investor sells the land for the planned project. The land plot project, though, was sold at a relatively low price but still did not attract the purchase due to fluctuations in infrastructure and low population density.
The land segment in the property market in Binh Duong is still increasing in price, but this is the price that the owners themselves increase the commitment to increase prices with customers. Although prices have increased steadily, demand for deals has fallen sharply. This is considered a difficult problem when land is not sold but prices are still high. Before these difficulties, many investors have abandoned the Binh Duong market by selling off or cutting off the projects.
After many aftershocks, real estate market in Binh Duong is signaling positive recovery. However, the real estate situation in Binh Duong is still difficult. The market is real potential and how to take advantage of that potential, only intelligent investors have a new strategy to understand.
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