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Economics

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Projects in new city attractive to investors

Major projects of infrastructure have strongly influence property market in Binh Duong Province. In those projects, customers are lured to better investment than other localities.

Big demands

After some projects in Binh Duong New City had been handed over in 2011, customers are now open to new opportunities of investment in terms of construction, banking, site leasing, catering, and offices. Besides, the growing quantity of entrepreneurs, experts, and education instructors in neighboring industrial parks of Song Than, Vietnam Singapore II and universities has prompted demands of apartment to increase. Currently, one apartment in Binh Duong costs averagely VND 500-800 and streetside ones at USD 700-1,200.

Property market in Binh Duong is growing fast to exploitation tendencies. Looking back 15 years of establishment, Binh Duong is the top grower with 28 industrial parks covering 9,000 hectares for 15,000 domestic and foreign enterprises who contributed up to USD 15 billion of investment by 2,060 projects from 34 territories and countries.

 Real market in Binh Duong Province is highly evaluated for its potentials

Previously, foreign entrepreneurs and experts chose to live in Ho Chi Minh City and work in Binh Duong Province but now they changed their habit and prefer to accommodate in Binh Duong Province. Therefore, property market in the new city and central areas of industrials parks is ideal for growth.

As the matter of fact, investors rushed to Binh Duong Province to yield the best of its property market.

Great benefits

Evaluation of investors shows that property market in Binh Duong Province is opening hope for a reason. By ideal position, harmonious connection, projects in new city of Binh Duong offers great benefits in purchasing and re-leasing. Niche market of apartments and streetside houses is potential for high demands. Buyers seem not to buy the whole house but re-rent them from the third parties.

Valuable property market in Binh Duong lies within the heart of a young and active city under orientation of central government to 2020. Moreover, the city is a connecting hub for major streets and roads of National Highway No. 13, Vanh dai 4, My Phuoc-Tan Van, etc. to the southern major economic region.

At recent workshop on “Binh Duong New City and accommodation property” held in Ho Chi Minh City, famous brand names of Tac Dat Tac Vang, An Cu Lac Nghiep, Dat Xanh, Sacomreal, Nam Viet, Hung Thinh, ACBR, Song Phat, and Danh Khoi have signed up with Becamex IJC as counterpartners who eventually bring up benefits to customers.

Reported by Trong Minh – Translated by Vi Bao

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