The real estate market in Binh Duong province has been assessed as highly stable. With advantages in infrastructure and provincial strong development, provincial real estate market is expected to make a push in 2015.
Many doors for investors
In recent years, real estate market has been in a difficult circumstance. Series of real estate projects in HCM City and some cities encountered problems, housing prices plunged continuously. However, during the peak of hardships, investors of real estate projects in Binh Duong province continued their success. Monthly, the average number of successful trading of grounds in the province is up to several hundreds. This is the basis for many real estate experts to say that the stability of provincial real estate market is higher than other cities or provinces.
Another advantage is that investment capital is not too high, which is appropriate to customers having idle cash and considering investments in real estate as a way to preserve their money. Since the end of 2014, when the economy has started to thrive again, due to governmental supporting packages, provincial real estate market has flourished again.
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Experts expect real estate market in Binh Duong to prosper in 2015.
Image: The Oasis villas in An Phu ward, Thuan An town.
On weekends, provincial real estate companies, like: TDC Binh Duong, Kim Oanh, Tac Dat Tac Vang, Thien Phu Hung, Eco Xuan, Viet Land, Nam Long..., welcomes thousands of guest inside and outside the province. Currently, the real estate projects in the province are mainly in 4 areas: Thuan An, Di An, Ben Cat, and TDM City. . According to Savills company, real estates in Binh Duong are attractive to buyers from other provinces, especially in Ho Chi Minh City and Hanoi, who are long-term investors profiting by rising land prices or housing renting.
Soon return to “the golden age”?!
There are two main arguments about real estate market in Binh Duong province. Some said that it is unwise to invest now because of slow liquidity. Nevertheless, some believed that real estate market in Binh Duong province has started to prosper.
Thien Phu Hung real estate company’s CEO Tran The Hung said: “As my experiences, I believe that Binh Duong province gathers now sufficient conditions for strong growth in 2015. While HCM City faces difficulties in infrastructure, purchasing power, policies… to develop real estate market, Binh Duong province has huge advantages in infrastructure and policies. This is the reason why we pour capital into provincial real estates”.
Becamex Tokyu’s CEO Nakata Yasuyuki was also very optimistic about provincial real estate market in 2015. “Since 2013, the real estate market has fallen down to the bottom and started to recover. Trades of high-class to low-price housing projects have occurred dynamically. In addition, the province attracts annually a huge amount of FDI, thus I expect that real estate market will recover very quickly. Besides, from 7-1-2014, regulations of property ownership and purchase of foreigners have been widened, promising a dynamic market in 2015”.
Sora Garden, a project has attracted lot attention of customers in 2015.
Tenement house projects in Binh Duong still have many buyers, who purchase houses not for staying but leasing to foreigners working in the province. In particular, the segment of under VND5 million/m2 also has high profitability in the next 5-10 years, attracting many customers in and outside the province.
In addition to impacts from the common market, real estate market in Binh Duong province has benefited from policies to increase infrastructure investment. Especially, the introduction of provincial Integrated Political Administrative Center plus the comprehensive development of school, hospitals systems, and social infrastructure systems will lead to the rise of land value.
Binh Duong is not only one of the three provinces contributing at most to national GDP but also attracts thousands of labors outside the province and foreign experts coming to work in Binh Duong. Therefore, accommodating policies and with effective support packages from banks will create favorable conditions for the real estate market in Binh Duong to thrive in 2015.
Reported by K.Vinh – Translated by Ngoc Huynh
