Real estate market in Binh Duong has many important advantages for development. In addition to good policies and infrastructure, social infrastructure plus good facilities and services have been gradually upgraded, making properties here have great potential in the coming time.
Advantages from planning
According to the construction planning of Ho Chi Minh City up to 2030, Binh Duong province will be planned as a northern sub-area of Ho Chi Minh City with a corridor along Highway 13 and sub-area of the city’s urban center. Accordingly, Ben Cat, Di An, Thuan An, Tan Uyen, Thu Dau Mot will develop towards urban - industry - service - finance attached with multimedia; Bau Bang, Dau Tieng, and Phu Giao develop multi-sectorial industries, processed agricultural and forest products.
Customers learn about Midori Park Garden City in Binh Duong New City.
Currently, Binh Duong not only facilitates economic development planning but also is an international education and training center and an important traffic hub of the southern region. Provincial leaders claimed that to attract more people come live here, the province have to invest synchronously in education, health and culture… In recent years, a number of facilities of education, health field have been built. Some big projects were Ngo Thoi Nhiem School, Nguyen Khuyen School, Singapore International School, Eastern International University, Van Phuc Hospital, Becamex Hotel, Japanese restaurants, supermarket chain ...
Besides, a new foundation for the growth of Binh Duong real estate market is the planning of Ho Chi Minh City. Specifically, according to the adjusted planning of Ho Chi Minh City by 2030 with a vision to 2050 approved by the Prime Minister, TDM City (Binh Duong) will become a class-1 city. TDM City is a core city of the southern key economic region with functions of hi-tech and clean industrial zone; national and international tourist routes and destinations; regional training center; service center at national level …
Plus point from infrastructure
It can be said that being recognized as class-1 urban area will create an important driving force for TDM city in particular and Binh Duong in general to develop in accordance with the national urban development program and to create a push for local real estate market’s growth.
Another positive factor to the real estate market in Binh Duong is that in Nov 2017, Ho Chi Minh City decided to approve the extension of Metro line 1 from Suoi Tien station to Di An town (Binh Duong). Previously, this extension of this metro route was also approved by Dong Nai and Binh Duong province. It is expected that Ben Thanh - Suoi Tien metro route will be put into operation in 2020 in combination with road and waterway transport system, which will facilitate goods transportation between Ho Chi Minh City and Binh Duong, as well as southern provinces of the Central Highlands. The metro route will also accelerate urbanization and increase the value of real estates in Binh Duong.
Recently, Binh Duong province has launched a socio-economic breakthrough program of the province by 2021 with a vision to 2030. Besides, Binh Duong Smart City project was also launched in 2016, after the association of Binh Duong with Einhoven City (Netherlands). This project will help Binh Duong become a modern urban area with breakthrough development based on economic knowledge.
According to Tran The Hung, CEO of Thien Phu Hung Land, in recent years, Binh Duong province has been investing in infrastructure, prioritizing the development of transportation network, creating favorable connections with Ho Chi Minh City, Mekong Delta, South East region, and South Central Highlands. Many important roads were invested effectively such as Binh Duong Boulevard, My Phuoc-Tan Van road connecting industrial parks in the province with seaports and airports... This is a plus point that helps real estate market in Binh Duong sustainably develop in the future.
Reported by Minh Nguyen – Translated by Ngoc Huynh
