"Highlight" of Binh Duong property investment

DNHN - The real estate market in Binh Duong is quite busy, although not every neighbourhood is a "golden egg" for investors. According to experts, this time should only invest in locations or projects with existing potential and dense populations.

New market movement

According to the most recent data from DKRA Vietnam, the real estate industry had continuous growth in the first half of 2022. In which the apartment sector grew by 8-15 per cent and land plots grew by 7-11 per cent compared to the same period in 2021.

The townhouses alone set a new record, reaching up to 700 billion VND per flat in a single region. Another project on the outskirts of Ho Chi Minh City likewise recorded 107 billion VND per unit.

Real estate dealers view the DKRA Vietnam report to be pretty true to the market reality, given that the supply is still limited and alternative investment channels such as equities and gold are still dropping.

In recent years, Binh Duong has been a bright light in the real estate market. According to DKRA Vietnam, the price of apartments on the main market in Binh Duong has risen to 52,7 million VND per square meter, 58 million VND per square meter for land plots, and 6.8 billion VND per unit for townhouses.

The vitality of economic development, its long-standing position in the top tier for FDI attraction, the highest per capita income in the nation, and the continual expansion of transportation and social facilities serve as a springboard for Binh Duong real estate.

However, analysts have also said that the current phase of rapid real estate growth will be difficult to sustain over the long term. Therefore, investors should pick prospective regions and projects to reduce risks, maximize investment capital flows, and assure liquidity at this time.

In actuality, real estate investment capital flows in Binh Duong are changing. Markets as far as Bau Bang, Phu Giao, and Bac Tan Uyen... are exhibiting symptoms of deceleration because information concerning planning, infrastructure building, and industrial parks takes a long time to materialize. When market liquidity falls, investors may get buried if they are not cautious.

Meanwhile, markets are bustling in Ben Cat and Binh Duong's new city. Numerous projects by domestic and international investors, including EcoLakes, SORA Gardens, Midori Park, Midori Park Haruka, TDC Plaza, and The Charms, are being developed in this region. Kim Oanh Group just unveiled the Richland project. With the involvement of a significant number of clients, several goods from phase 1 have found new homes in Ben Cat.

Ben Cat and Binh Duong's new city are, in reality, the central regions of the Binh Duong smart urban area. If Binh Duong's new city is progressively becoming a livable metropolis and a hub for global commerce as a result of its contemporary design, transport infrastructure, and fully developed utility system, then Ben Cat is also undergoing a period of significant change.

The People's Council of Binh Duong province approved the construction of Ben Cat city on July 15 to utilize its potential and strengths, transforming Ben Cat into the centre urban region of the Greater Ho Chi Minh City metropolitan area. As a "spark" for the real estate market, this will be the basis for Ben Cat to accelerate comprehensive development, attract more investment funds in infrastructure, and enhance the urban look.

The primary emphasis of Richland Residence

The poll reveals that real estate prices in Ben Cat and Binh Duong New City are also rising as investors "search" for investment possibilities. As for Ben Cat, when it becomes a city, the real estate industry anticipates a fast rise in real estate prices, comparable to the new city area of Binh Duong.

In Ben Cat, property plots are often available for 1.9 billion VND and townhouses for 3 billion VND per unit. Kim Oanh Group's Richland Residence project offers the most competitive pricing, beginning at just VND 1.3 billion per land plot and VND 2.1 billion for every home.

Richland Residence has a size of up to 15.46 hectares and is situated in the centre of Ben Cat, an area where several essential services, including commercial, office, hotel, educational, medical, and cultural facilities, are concentrated... Binh Duong Convention and Exhibition Center, Binh Duong new city centre park 70ha, Becamex 5-star hotel, GO!, MM Mega Market, Vietnam International University Germany, Eastern International University... are among the city's most notable attractions.

Richland Residence is situated near several important traffic axes in Binh Duong, including DT 741, National Highway 13, National Highway 14, My Phuoc - Tan Van, and Ring 4. The geographical advantage affords inhabitants of Richland Residence more than just convenience. It is not only easy to relocate but also a lever to raise the project's worth in the future.

Richland Residence also has an excellent edge over other projects in the neighbourhood since Kim Oanh Group has the most advantageous sales strategy on the market. Specifically, customers who choose to pay with their capital according to the progress will receive a discount of 1.4%; a discount of up to 4.5% for customers who pay early or enjoy interest rates of up to 18%; and a discount of 1% when purchasing two or more products, receive between 5 and 15 gold. After rebates are deducted, the real amount clients pay is much less than the listed price.

In addition, consumers who purchase Richland Residence have the chance to win gifts with a total value of up to 12 billion VND via a fortunate draw program. Including one Mercedes-Benz C200, two Kia Seltos, ten Honda SH automobiles, five European excursions for two persons, twenty Honda Air Blade and Honda Lead automobiles, 160 gold coins, and one thousand more beautiful presents. worth 3 million VND/piece.

The aforementioned benefits explain why this project's first market announcement garnered a considerable number of prospective clients.

PV