Land In Binh Duong Started To Increase Price

Compared with the previous year, land prices in many areas in Binh Duong has increased from 20-30%. The projects have good infrastructure and synchronous facility, located near industrial zones, large residential areas… the increase may be higher.

Surveys show that Binh Duong land continues to increase, especially in the areas adjacent to the city. Especially, the land plots on the secondary market recorded an increase of 30% compared to mid-2016.

According to businesses, although not as exciting as Dong Nai real estate, but Binh Duong land market as a “backyard” of the city still has the potential for long-term development.

Land in Binh Duong started to increase price

Complete infrastructure is the strength to help real estate Binh Duong attract investors

Di An is a prominent area for price increases and purchasing ability. However, at present, mainly secondary investors offer products at 20-30% discount compared to the time of purchase, few projects are offered for sale. In some old projects such as Biconsi residential area, Tan Dong Hiep, Dien Phat Tai Urban Development, Tan Binh Urban Development… secondary investors sent to the market with the difference about 50-200 million /plot. In particular, ones with land use certificate recorded a 30% increase compared to the time when the investor sprung.

Surveyed in some residential projects, the price increased from 2-3 million/ sm on land plots that have its own land use certificate, completed infrastructure. Specifically, for the remaining areas of Biconsi residential area offers 11.2 million sm in June -2017, the current market price of 12 million sm in June 2016, Phuc An Khang residential area offered VND 9 million / sm, the same area increased to VND 13 million / sm… According to brokers, project land and land plot in the area Di An is mainly for people with real needs.

Land in Binh Duong started to increase price

Connected transportation projects have increased by 20-50% after about a year

>>>Update on new information on the real estate investment in Vietnam, here: Vietnam real estate investment

Tan Uyen town is also an area where price increases have been made in some projects that had its own land use certificate such as VSIP II expansion, The Mall City 2 … with the increase of 20-40% in beautiful locations, paved roads. Ben Cat town is also assessed by investors as having great potential for development. As noted, the projects located on the front of National Highway 13 such as Golden Center City, Ben Cat Market area… increased 20-50% compared with the first stage of the sale, while the projects are inside the price increase slightly from 5-10%.

In the third quarter of 2017, Ben Cat and Bau Bang townships will be supplemented with new projects such as Mega City Commercial Area, Hoa Loi Residential Area and Lai Hung Residential Area. However, the transaction is mainly in projects with good location, complete infrastructure. In early July, Kim Oanh Real Estate Joint Stock Company introduced the Mega City urban area project with expected price from 450 million VND/base.

Land in Binh Duong started to increase price

Projects with relatively complete infrastructure, good traffic connections always attract investors. In the photo is the customer visit the Mega City project of Kim Oanh Company.

After 4 weeks of introducing the market, there are more than 1,500 products booked by customers on a total of 1,954 platforms. This project has attracted the attention of customers because it is located right in front of Hung Vuong street, Ben Cat town center where residents are crowded, infrastructure is developing strongly and there are many facilities available. Surveys also show that real buyers often “down the money” projects have land use certificate while investors “fond” new projects announced in the hope of reselling earn money.

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