Currently, in Hanoi and Ho Chi Minh City, there is a movement of real estate investors out of these localities. This is the comment of Mr. Nguyen Van Dinh, Deputy General Secretary of the Vietnam Real Estate Association, at the Real Estate Conference 2021 & The Rise of New Markets, organized by Vietnam Real Estate Electronic Magazine. September 26.
The reason pointed out by Mr. Dinh is that real estate products in these localities, such as adjacent villas and resorts, are increasingly scarce. “As for condominium products, in Hanoi, if the investment is profitable, it is not beneficial because the apartment price has reached its peak. Currently, the buyers mainly have real demand, high prices, if purchased for surfing, it cannot be profitable “- Mr. Nguyen Van Dinh evaluated.
In Ho Chi Minh City, Mr. Nguyen Van Dinh said that in the past 2 years there has been no new project, the price has been increasing sharply, the average price increased by 5-7%, even in some areas over 10%. In essence, investors will pour capital into a market with good profitability, low prices, so they can invest.
Talking about new real estate markets, the Deputy Secretary General of the Vietnam Real Estate Association said that these are the markets with strong economic development, including the advantages of industrial development, economic development tourism economy, it is a new locality that investors call a new market with more advantages.
Dr. Tran Du Lich assessed that many localities have the potential to attract real estate investment
“Excluding areas that have strongly developed tourism real estate such as Da Nang, Nha Trang, Quang Ninh, the new market for the tourism industry is the localities that in recent years, many localities have taken advantage of With the advantages of beautiful natural landscape, good natural conditions such as Thanh Hoa, Nghe An, Quang Binh, Binh Dinh we agree these are the addresses with new markets “- Mr. Dinh stated.
For these new markets, Mr. Dinh said there are many advantages such as the locality with an open policy, attracting many investors to that locality to invest in industrial development projects, lower floor, tourism economy.
Talking about the investment shift in real estate investment, Dr. Tran Du Lich, a member of the Prime Minister’s Economic Advisory Group, said there were 2 reasons for the move, by localities such as Binh Dinh and Thanh. Hoa, Quang Binh have a new face, businesses in the real estate sector have changed these lands.
“The old grandparents had the saying,” Where is the paddy, the pigeons go there. “Major projects have opened up opportunities for many investors. That shows that emerging markets cannot float without project, there is no pioneer investor “- Dr. Tran Du Lich said.
Mr. Tran Du Lich also cited evidence that this locality has focused on transport infrastructure in recent years, which is a factor to attract investment in the real estate sector.
From a local perspective, Mr. Nguyen Tuan Thanh, Vice Chairman of Binh Dinh Provincial People’s Committee, said that the locality was proactive in planning, taking the right and appropriate steps to the market to attract investment in many fields, including real estate.
Vice Chairman of Binh Dinh Provincial People’s Committee Nguyen Tuan Thanh said that the locality is focusing on developing infrastructure to attract investment.
According to Mr. Thanh, the general planning of Quy Nhon city and detailed planning of areas and provinces are well aware, planning must be one step ahead, with vision and foresight. “We do fully, have a synchronous connection in planning so that investors can be assured. Besides, we focus on investing in connecting and building infrastructure. In the past 10 years, Binh Dinh has invested a lot. In particular, there are airports that are welcoming 10 passengers a day to welcome both domestic and domestic tourists, along with the seaport, North-South railway, convenient traffic “- Mr. Thanh said.
According to the leaders of Binh Dinh province, the locality has now completed a number of trunk roads and coastal roads connecting Quy Nhon with other localities to contribute to the development of urban infrastructure and tourism. Binh Dinh attaches great importance to urban embellishment, ecological environment development, has made proper investment activities with roads, trees, wastewater treatment.
According to Mr. Nguyen Tuan Thanh, improving the lives and quality of life for people is one of the reasons why Binh Dinh attracts investment from developers.
Source: nld.com.vn – Translated by fintel.vn