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The real estate market in Ba Ria – Vung Tau is sharply developing

Infrastructure is leveraging

Billions of dollars of investors are pouring into Ba Ria – Vung Tau real estate market after information on airport construction and the boom of infrastructure projects. Ba Ria – Vung Tau is becoming the center of the South.

Up to now, the real estate market in Ba Ria-Vung Tau has been packed with a series of projects, “planning” from the famous investors of foreign and domestic. For example, Ho Tram Project Company Limited was licensed by the People’s Committee of Ba Ria-Vung Tau Province to license the project of Ho Tram Strip Resort and Recreation Complex (Ho Tram Strip) with the total area of ​​164 hectares in Xuyen Moc district. Registered capital is $ 4.23 billion, with casino business.

The real estate market in Ba Ria - Vung Tau is sharply developing
The real estate market in Ba Ria – Vung Tau is sharply developing

Previously, Korea Infrastructure Company Limited (South Korea) also had a presentation with the Ba Ria – Vung Tau People’s Committee about the research project investment in tourism, resort, Paradise golf and Bau Trang new urban area. . If it is approved by the province, Korea Infrastructure Company Limited will invest in the project with total estimated capital of USD 3.2 billion, joint venture with Korean companies to jointly manage the business and commit to implement correctly. and full investment project criteria.

In the interior, the “giants” of the real estate market has also set foot in Ba Ria-Vung Tau with ambitious plans. Hung Thinh Group has spent thousands of billions to buy 4 projects with a large scale in the center of the city. Vung Tau. The Novaland Group also participates in Ba Ria Vung Tau with the Palm Beach Vung Tau project, or “Tuan Chau Island”.

Danh Khoi Real Estate Company has also taken over the project of nearly 10 hectares in the center of Ho Chi Minh City. Ba Ria to develop into a city called Barya Citi. This is the first high-rise townhouse and villa project in HCMC. Ba Ria and also a project involving Japanese investors in the role of project management.

A series of large projects are also starting, such as Vung Tau – Paradise Project, Golden City Project (Phuc Dien Land Company). Viet Han Real Estate Company is also implementing two large projects with a total investment of up to $ 2 billion or Gia Long Company and Nam Hai Company are implementing projects Gia Long Villas and Marine villas.

Outstanding potential

Not recently, real estate investors have shown special interest in Ba Ria – Vung Tau. According to experts, Ba Ria – Vung Tau is the locality meets all the “natural time, land, and human” factors to become a province to develop industry and tourism of the Southeast.

On infrastructure, Ba Ria – Vung Tau is strategic position gateway to the East Sea, adjacent to the city. In the southern key economic quadrangle, only TP. Ho Chi Minh City less than 100 km through Ho Chi Minh City – Long Thanh – Dau Giay Expressway  and Highway 51 expansion.

In addition, the Ben Luc – Long Thanh Expressway is preparing to put into operation, which will connect the entire western region with Dong Nai and Ba Ria – Vung Tau.

Bien Hoa – Vung Tau expressway, Bien Hoa-Vung Tau railway, Xuyen A expressway, Long Thanh international airport … are planned and  has bên pushed step by step operation the investment trend to welcome potential real estate center Ba Ria – Vung Tau.

Not only that, Ba Ria – Vung Tau is planned to become the leading oil and gas port in the country, of which Cai Mep international port is one of 19 ports in the world capable of receiving. The super-large ships, so in the near future, the demand for housing for professionals will increase rapidly.

Infrastructure is leveraging
Infrastructure is leveraging the development of real estate market Ba Ria-Vung Tau

Recently, the People’s Committee of Ba Ria-Vung Tau Province has approved for Ho Tram Company to build a special airport in Loc An to meet the needs of air transportation for the complex tourism Ho Tram. The estimated area of ​​the airport is about 244.33ha, the budget is about 4,250 billion VND.

Duong Minh Tien, General Director of Asia New Time JSC, said in recent years, the pressure of urbanization in the city. As the population increases, the land fund is becoming scarce, causing the urban life to become overloaded. This fact has formed a trend of centrifugation in the real estate market, going to the edge. This trend will be stronger in the near future.

Ba Ria – Vung Tau has long been regarded as the ‘heart of sea tourism’ of the South East region with a coastline of 305 km long, with many beautiful beaches. The strong breakthrough in interconnected infrastructure development has made Ba Ria – Vung Tau more development potential than ever before, “Tien said.

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