After a period of quiet, the property market in Vung Tau is gradually “wake up” and gradually become the destination of many large-scale housing projects.
Finished infrastructure, moving time from provinces to Vung Tau shorter
In terms of infrastructure, Ba Ria – Vung Tau is strategically located at the gateway to the East Sea, adjacent to Ho Chi Minh City in the southern key economic quadrangle, just 100km from Ho Chi Minh City via Ho Chi Minh City – Long Thanh – Dau Giay Expressway and National Highway 51. In a short time, the Ben Luc – Long Thanh Expressway will be invested more than VND31,300 billion, expected to come into operation in May 2018. It will connect the whole western region with Dong Nai and Ba Ria – Vung Tau is easy.
Besides, Bien Hoa – Vung Tau Expressway (with a total investment capital of VND 3,000 billion, expected to be completed in 2021), Bien Hoa – Vung Tau Railway, Xuyen A Expressway, Long An International Airport Thanh … is also promoting the investment trend of potential real estate in Ba Ria – Vung Tau. According to a recent report, Ba Ria – Vung Tau is also planned to become the leading oil and gas port in the country, of which Cai Mep International Port is one of the 19 ports in the world. the ability to receive super-large vessels. This also means that in the coming time, housing demand for experts in Vung Tau will increase.
According to the analysis of experts, the pressure of urbanization in Ho Chi Minh City is increasing, causing the mechanical population to increase, leading to the scarcity of land, urban life becomes overloaded. Meanwhile, UN-Habitat statistics show that about 31 million Vietnamese urban residents are living in low-quality housing.
This fact has shaped the trend in the real estate market. Many people, not only those with low incomes, but even those with high incomes, also moved to the outskirts of Ho Chi Minh City to live for a living. And this trend will be stronger in the future. That is why, recently real estate market as Ba Ria – Vung Tau increasingly heat.
With 305km of coastline, many beautiful beaches, Ba Ria – Vung Tau have long been regarded as “the heart of sea tourism” in the Southeast. Adding a strong breakthrough in the development of interconnected infrastructure has made Ba Ria – Vung Tau more development potential than ever.
Many large-scale housing projects appear
The fact that many real estate investors have gone to Ba Ria – Vung Tau in the past few years has made the real estate market more vibrant. Although not mentioned in the real estate market in the South as Dong Nai or Binh Duong, but the “underground waves” gathered land as has been shown, Ba Ria – Vung Tau is entering the “new track”.
Source from Hung Thinh Real Estate Investment Joint Stock Company, said the group has just spent a trillion dong to buy out four large-scale projects in the center of Vung Tau City. This is not the first deal in Vung Tau, because not long ago, Hung Thinh has acquired and developed Melody Vung Tau Project from the JSC Construction and Urban Development Ba Ria – Vung Tau.
Most recently, Danh Khoi Real Estate Joint Stock Company also successfully traded a project of nearly 10 hectares in the center of Ba Ria town. This land was developed into a town called Barya City – a project of townhouses and villas.
Similarly, AllGreen – Vuong Thanh – Trung Duong Limited Company has long been cooperating with Vietnam Real Estate Joint Stock Company (DKRV) to announce the Vung Tau Regency project, with the area of 23ha, located on Road 3/2, Vung Tau City. Or Gia Long Company with Gia Long Villas project; Nam Hai Company with the project of Marine estuary area; Viet Han Real Estate – Trading – Construction Company Limited is implementing 2 big projects with the total investment of up to US $2 billion.
Meanwhile, located at the gateway to TP. This time, the buildings of the Chi Linh Urban Center Project, which is being invested by DIC Real Estate JSC, have started to be completed and are about to be handed over to customers. The project covers an area of 99.7ha with a total investment of VND4,200 billion, including 18-storey Vung Tau Seaview 4 (268 units), 21-storey Vung Tau Seaview 1-2 (800 apartments) Lake Side apartment complex (756 apartments) …
In addition, another project funded by DIC is the Royal Paradise apartment project, which has been completed, tested and transferred to customers. The project has a total area of 2,765ha, about 800m far from Thuy Van beach, surrounded by a variety of exotic and quality facilities such as the largest landscape lake in Vung Tau 40ha, golf course, amusement parks World class as Wonderland amusement park, Atlantic amusement park with Long Cung Resort, Thuy Tien resort, Chi Linh tourist village …
Located in front of 3/2 Road, Royal Paradise Vung Tau is a 4-star apartment complex, located in Chi Linh residential area. It takes about 5 minutes to Vung Tau Golf Course, Thuy Van Beach, Wonder Land, Saigon Atlantic. The project has total construction capital up to VND1.620 billion, the density of building the whole area is only 38%, including 3 apartment blocks from 26 to 27 floors.
The price for the Royal Paradise Vung Tau apartment is about 1.1 billion for a one bedroom with a multi-function room complete delivery. Customers pay only 50% of the right to receive housing immediately, the rest of the installment installment interest free. In addition, with customers delivering apartments for tourists will receive immediate profit 8% of the apartment value and 20 days free holiday and weekend holiday.
According to Pham Van Quyen – representative of DIC investor, actually for the project Paradise Royce Vung Tau has a good price as today as the construction of this project investors have land funds before. In addition, during the implementation of the project, the company mainly implemented by own funds, not bank loans, so the company’s projects always have a moderate price. But there are not many such projects in Vung Tau.
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