In recent years, Binh Duong has been at the country’s top of FDI attraction. Besides, Binh Duong is also a very dynamic real estate market, attracting many investors.
To meet all conditions for investment
Up to now, the province has attracted nearly 36,380 domestic enterprises to register their business with a total capital of VND 296,989 billion. In terms of FDI, the province has attracted 3,509 projects with a registered capital of over $32.2 billion, making Binh Duong be at the third position in the country.
As forecast, in 2019 there would be a remarkable growth in FDI attraction of Binh Duong. Only in Jan 2019, Binh Duong was ranked the second in the country in FDI attraction with a total registered capital of $240 million, accounting for 12.5% of the total investment capital in Vietnam. One recent highlight is that Binh Duong was honored as one of the 21 cities with a good smart city development project of the world and achieved initial achievements in building a smart city. This was an important condition for investors in general, real estate investors in particular to believe in business environment in Binh Duong.
Customers learn about low-income accommodation information opened by Binh Duong Investment Consultant Construction Joint Stock Company (Biconsi) in 2018.
Nguyen Tien Vu, CEO of Hoang Gia Cat Tuong Real Estate Company, said that in 2019 and the following years, Binh Duong would be a "magnet" to big investors of the world. Accordingly, there would be many factories and manufacturing enterprises growing in the province, people everywhere would pour into here to live and work, therefore the demands for housing would increase. Thus, low-income real estate would boom in Binh Duong to meet the increasing demands of the market.
Cheap real estates come to the throne?
In recent years, Binh Duong has pooled all investment resources in various forms for infrastructure and urban development. As a result, many outstanding international-level projects in the province have been put into use, such as Provincial Convention and Exhibition Center, Eastern International University, social housing projects...
In particular, many important transport routes were invested by the province, and have proved its efficiency such as National Highway 13, My Phuoc - Tan Van, Belt Road 3, 4... In addition, the construction of many other routes are about to start, such as Thu Bien - Dat Cuoc, North Tan Uyen - Phu Giao - Bau Bang..., to create a driving force for the province to develop more strongly in the future, while creating inter-regional connection between Binh Duong and Ho Chi Minh City, other provinces in the Southern key economic region. It can be seen that the complete and synchronous infrastructure have been continuously invested and upgraded, making real estate market in Binh Duong increase its value, including areas of Belt Road 4, My Phuoc - Tan Van, Highway 13with arterial traffic routes would have great increases.
Currently, Binh Duong's population has more than 2 million people, is expected to increase to 3 million people by 2025. This shows that housing needs of people are huge. According to statistics of Department of Construction, the province currently has about 3 million m3 of lodging houses invested by households and individuals, equivalent to about 180,000 apartments, meeting 540,000 workers and students. However, housing demands of workers in the province are still very large. It is worth mentioning that real estate products in line with workers income level in the province are still very few.
To catch this trend, recently, real estate businesses have implemented many housing projects, focusing on low-cost segments in localities such as Ben Cat Town and Thu Dau Mot City... It can be said that Binh Duong own good conditions for developing cheap real estates, meeting the increasing demands of the market. For the real estate market in the province to develop in the right direction in the coming time, it is necessary to have clear and timely orientations of state management agencies.
Reported by Khanh Vinh – Translated by Ngoc Huynh
