The real estate market of Binh Duong is facing great opportunities from new policies as well as development orientation of the province. The development of real estate will have positive impacts on the economy and the city, contributing to addressing social security.
Stable development of real estate will have positive impacts on economy and urban areas. In the photo: An apartment project in Chanh Nghia Ward, Thu Dau Mot City
Motivation for development
Binh Duong, with favorable conditions on connecting technical and social infrastructure systems in regional links, has made a breakthrough in attracting investors. The increasingly completed and modern infrastructure has become a great driving force for the Binh Duong Real Estate Center to thrive in recent years. The development of the Central Real Estate has created busy and modern urban areas, promoting Binh Duong urban development. Currently, the urbanization rate of Binh Duong reaches 80.17%.
With the size and density of the population exceeding the standards of grade-3 urban areas, along with the increasingly civilized and modern socio-economic development, Di An and Thuan An have officially become direct cities. in the province. Binh Duong is the first province in the South with 3 cities and 2 towns. The development of Binh Duong urban area has made an important contribution to the development of a smart city in the province. In 2020, Binh Duong has been honored for the second time by the World Smart Community Forum (ICF) as one of the 21 cities with the typical smart city development strategy in the world.
Binh Duong currently has 29 industrial parks with a total area of over 16,000 ha and 12 industrial clusters. The establishment of industrial zones and clusters has helped the province's socio-economic development rapidly in recent years, especially in the field of industrial production, making Binh Duong one of the fastest-growing provinces. High industrial development compared to the whole country. Along with Ho Chi Minh City and Dong Nai, Binh Duong is the destination of domestic and foreign investors. The advent and rapid explosion of industrial zones are the driving force for the rapid increase of Binh Duong's population. From a province of only 500,000 people in 1995, Binh Duong currently has about 2.4 million people. Therefore, each year Binh Duong needs an additional 30,000 - 40,000 labors who are experts, engineers and high-tech workers at home and abroad, This leads to an increase in the demand for middle and high-class real estate, especially the tastes of apartments with full of utilities, besides traditional land products. Thus, the mechanical population increase has led to a strong urbanization process, creating a large demand for housing, thereby promoting the process of urban development.
It can be seen that when the technical infrastructure - urban development will lead to the development of real estate, meeting housing needs, forming urban areas, contributing to promoting trade - services, the economy of the province to develop. Therefore, it can be affirmed that the special purpose market is one of the most valuable markets that motivate, entail and increase the contribution of other markets to the economy.
Attracting investors
Despite being affected by the Covid-19 epidemic, however, Binh Duong market is currently a place of high stability. There are more and more investors in the province, focusing on real estate. Recently, many investors have started to build a secure housing project to serve low-income people and middle and high-class housing and commercial apartments. Therefore, the current supply of residential real estate in the province is quite abundant with many different segments. In particular, the explosion of apartment product lines with a series of projects ranging from several hundred to several thousand products. These projects are concentrated in the areas of Di An, Thuan An and Thu Dau Mot cities. It is expected that the number will continue to increase rapidly in the coming time when a series of new projects announce their implementation plans.
Notably, in Binh Duong market recently, it has attracted a number of large real estate investors such as Vingroup, Bcons, Phu Dong Group ... with many large-scale projects of investors, developing product lines. such as high-end apartments such as Bcons Garden, Phuc Dat Connect 2, Phu Dong An Binh apartment, Phu Hong Thinh apartment, Icon Central ... meet the needs of quality buyers of the apartment instead of projects in subdivision selling background as before. According to experts, with the project with a good location, located in an existing residential area, fully equipped to meet the settlement needs of workers working in factories and industrial parks, the attraction is still very good.
It is no coincidence that Binh Duong Real Estate Market maintains its stability, even though it is affected by the market due to the Covid-2019 epidemic situation. Because overall, Binh Duong has very competitive advantages and potential. These bright spots are leverage for urban development, promoting strong socio-economic development.
Strengthen management and market transparency
In order to take advantage of the advantages that are creating motivation for economic growth, over the past time, Binh Duong has seriously implemented the Prime Minister's Directive No. 11 / CT-TTg of April 23, 1919, on a the number of solutions to promote a stable and healthy development of the real estate market, the licensing of project investment policy, construction management, land use right separation ... in the province have been implemented more strictly. . Therefore, the situation of land fluctuations in the province tends to stabilize. In addition, the Provincial People's Committee has issued a decision to set a price list of land types in the province for the period of 2020-2024, applied from January 1, 2020, contributing to ensuring the effectiveness of stable policies. and the development of real estate in the province.
Mr. Le Quang Vinh, Head of Housing Management and Real Estate Department of Construction Department, said that from the beginning of 2020 until now, all levels and branches of the province have implemented many solutions to ensure the stability and development of the special equipment. Strengthen inspection, examination and strictly handle violations of land law and real estate business. Besides, Binh Duong timely informs agencies, organizations and people about the housing development program, plan, planning information, land use plan, real estate projects. approved, project investors eligible for capital mobilization, real estate projects eligible for transfer ... These solutions are aimed at preventing fraud, price speculation, blocking and strictly deal with real estate business investors that transfer land use rights or change land use purposes
Reported by Phuong Le – Translated by Vi Bao
