Recent years, people are familiar with buy properties in early year. The move is considered as good start for the whole year. After a successful year, a series of real estate projects in the province is assessed as an impressive phenomenon in the 2010 national real estate market. Despite impacts of the global economic recession, local real estate market has still maintained its influence, leading real estate market in the Southern provinces.
Typically, in the past year there were more than 800 products under The Green River project in My Phuoc IP 4 were sold out after 3 times of transaction. Or, IJC Aroma project located at Binh Duong New City really made a “fever” as 116 apartments of block B under the project were sold out in several days. Besides, other projects of Gold Town trade center, TDC Plaza, Unitown in Binh Duong New City, Charm Plaza in Thuan An town lured numerous clients.
Many works in Binh Duong New City positively impact on real estate market.
Right from the sixth day of the first lunar month, numerous visitors flocked to the province to both enjoy spring festival and make a tour for buying properties. Most of local real estate companies are now in busy ambience of transaction. IJC Aroma project is most hunted by clients. Many of them accepted high price to own an apartment in this project. This is an advantaged start, promising a good year for local real estate market.
Reasons making a spectacular breakthrough for local real estate market include well prepared infrastructure facility, local increase in GDP, remarkable result of FDI attraction, high determination of local authority and especially local administration’s high attention to industrial development.
The five factors have made an impetus for local real estate market. In the coming years, once Binh Duong New City is perfected, more and more investors will flock to the locality. In the past lunar New Year, many unique festivals took place at Binh Duong New City that lured hundreds of thousands of visitors.
Binh Duong New City will uphold the province’s advantages, meeting essential demand of residents. Building of Binh Duong New City pays attention to spiritual life of community. On Feb. 13, 2011, a work of Lady Temple and Hoi An Temple was broke ground at the new city. The temples will contribute to preserve cultural relics and local landscapes.
New projects with conveniences are under construction to satisfy urgent demand of residents. Binh Duong New City really impacts positively on real estate business market. In the very near future, the new city along with a life-line linking My Phuoc and Tan Van will be an ideal place for living and working. Experts forecasted that the year of 2011 would be a prosperous year for real estate market.
Reported by C.Binh – Translated by A.C
