Update the latest market situation at the end of April, 1818, the land in Nhon Trach, Dong Nai province is experiencing fluctuations in prices are quite strong. Let Realestatevietnam explore 7 reasons why the price of land in Nhon Trach area increases below.
Long Thanh – Dau Giay expressway system
Nhon Trachexpressway system has been built, road 25C is under construction, road 25B has been expanded with the policy of building Cat Lai Bridge connecting District 9 with Nhon Trach. Phase 1 of the Nhon Trach 3 Ring Road – Ho Chi Minh City is expected to commence in June – July 2018 with 6 lanes of traffic and 2 lanes of emergency stop. At the same time, after completion of the length of 89.3 km, Ring Road 3 will help connect Long An, Ba Ria – Vung Tau and Dong Nai provinces. All these conditions will help Nhon Trach move in the future and become a key economic area in the Northeast.
Advantage of Long Thanh International Airport
From the center of Long Thanh District to District 1 with a radius of about 20km and about 10km from Long Thanh International Airport. When Long Thanh Airport goes into operation, the speed of investment here will also increase rapidly, which will lead to a sharp rise in land prices. It can be said that Long Thanh International Airport is a great motivation for potential land of Nhon Trach to shine. It is the expectation in the future, which has pushed Nhon Trach land prices have not stopped increasing recently.
Development of seaport system replacing Sai Gon Port
Nhon Trach owns the East bank of Saigon, the river bed is wide and deep, capable of replacing Saigon port and synchronous with Ba Ria – Vung Tau port. When Long Thanh Airport goes into operation, the transshipment volume also increases. The investment and construction of the seaport system in Nhon Trach contributes to the sharp increase in land prices thanks to the promising infrastructure in the future. In addition, the price of land use rights in Nhon Trach on the market today is only 5% – 10% compared to districts 2 and 7 (across the Nha Be River).
The ability to connect infrastructure synchronously with another area
With the advantages of such transportation system, trade, goods exchange, socio-economic development of Nhon Trach area thanks to the easy move to Ho Chi Minh City, Vung Tau, the Provinces in the Mekong Delta and the Central Highlands.
The potential for urban economic development in depth
At present, Nhon Trach district has 8 large industrial parks with the total area of over 2,700 hectares. It has attracted more than 360 investment projects, 226 of which have been put into operation and providing employment for over 71,000 workers. In particular, Nhon Trach possesses high quality human resources up to tens of thousands of foreign experts from many countries in the world living and working here. With great potential and strong advantages, in the future, Nhon Trach also attract many investment projects with high quality human resources and technology.
Cat Lai bridge project is approved by the government
On May 9, 1977, according to the document No. 631 signed by Deputy Prime Minister Trinh Dinh Dung, the government agreed to build Cat Lai bridge to replace Cat Lai ferry. The bridge is built across the Dong Nai River to connect District 2, Ho Chi Minh City with Nhon Trach District, Dong Nai Province. With a total length of 4.5 km and a width of 60 m, Cat Lai Bridge will cover 6 lanes and 2 lanes. Construction period is from 2017 to 2020.
Many investors estimate Nhon Trach land is even more potential than Bien Hoa or Long Thanh because it is only one way from Ho Chi Minh City while the land price is much lower. In the near future, when bridges connecting District 2 and Nhon Trach are built, it will be easy to access Ho Chi Minh City.
The presence of large investors
Many big investors have been present in Nhon Trach, which is one of the reasons why Nhon Trach land prices soar. On the total area of 200 hectares in Dai Phuoc commune, Vina Capital has built villas, golf course … Vincom is also implementing the ecotourism project of 212 hectares on 282 hectares of the project area. In addition, Tay Ho Housing Development and Construction JSC has announced a 117 hectare investment project in Nhon Trach.
Situation of Nhon Trach land price in the first 2 quarters of 2018
Realestatevietnam send you the latest Nhon Trach land market update:
By the end of 2016, Nhon Trach land price is only VND 4-5 million / sqm. By mid-2017, the price of land slightly increased from VND5 – 7.5 million / sqm. However, from the first quarter of 2018, land prices here increased to VND 6-12 million / sqm. Populated areas, large roads, land prices are up to VND 13-15 million / sqm.
In the second quarter of 2018, thanks to receiving three more large projects, the real estate market in Nhon Trach has reached the threshold of VND 17-18 million. Compared with the common ground, land in Nhon Trach has increased 60 – 100% over the same period last year. Within the first 4 months of 2018, the margin of increase recorded is 15 – 30%.
It is expected that in the following quarters, the land plot in Nhon Trach market will continue to increase due to the impact of investment wave and spread of land fever in Saigon. However, investors also need to be careful, considering other factors to make the right investment decision.
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