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Although real estate market in Binh Duong has not created breakthroughs in recent years, many experts say that Binh Duong, with good macroeconomic policies and a great advantage of being adjacent to Ho Chi Minh City dynamic real estate market, has a lot of strengths for high-end real estate development.

Clement weather, favorable terrain

Firstly, it can be seen that Binh Duong is the bridge between Ho Chi Minh City and Central Highlands provinces. In the inter-regional planning of Ho Chi Minh City approved by the Prime Minister, Binh Duong was planned as a central urban sub-region, including Ho Chi Minh City and its surrounding areas such as Thu Dau Mot City and Di An Town, Thuan An Town, Ben Cat Town, Tan Uyen Town of Binh Duong.

In addition, Binh Duong is a province with a large and clean land fund, are optimal for real estate project development right next to Ho Chi Minh City, meeting the real needs of local residents and city residents. In addition, Binh Duong has 28 industrial parks and more than 1 million workers. Stable jobs, decent incomes make most of them have accommodation needs to settle down.

One corner of Tokyu luxury apartment project in Binh Duong new city

According to opinions of some enterprises in this industry, Binh Duong real estate market has a tendency to develop in depth with large-scale, synchronously planned, well-invested projects… Especially, because selling price is suitable for the majority of people, so workers in Ho Chi Minh City and Dong Nai are tending to buy houses in Binh Duong.

Many big investors

To become a first-class city by 2020, Binh Duong province is gathering all resources for socio-economic development; in which the most important is building synchronous infrastructure. This is also the motivation that is expected to create a breakthrough for Binh Duong real estate market. Some "foreign giants" such as Tokyu, Aeon, Mapletree, GuocoLand ... have planned to continue pouring capital to build new urban areas, industrial parks or commercial facilities in Binh Duong.

As a major industrial center of the country, attracting a large amount of FDI, along with the continuous economic growth, while the transport and urban infrastructure is increasingly synchronous, methodical, connected with the national transport system to the Central Highlands provinces, South East and the Southwest region, large land fund ... Binh Duong real estate continues to be a good choice of many big enterprises and investors, and people, who want to settle down.

Most recently, after Vingroup, another real estate giant, Quoc Cuong Gia Lai Group, had the first move to show their interest in Binh Duong real estate with the establishment of Chanh Nghia Quoc Cuong Company to develop a number of projects. In Thu Dau Mot City, land price has increased by 30-60% compared to early 2018. Many apartment projects have appeared more and more in these areas to meet the needs of local people and migrant workers, like: First Home Premium, An Phu Dong Premier, Marina Riverside, Roxana Plaza, Tokyu...

Assessing the potential of high-end real estate in Binh Duong, Tran Khac Thach, Chairman of Binh Duong Real Estate Association, said that Binh Duong real estate market in 2019 needed an explosion of outside businesses, instead of just waiting for old brands in the province. Besides, it is necessary to have big projects, which go right to demands of provincial people. That is the existing lands with cheap prices and complete utilities to meet the housing needs of Binh Duong people today. Mr. Thach emphasized: “In order to do this, the most important thing is to create a land fund for businesses with a more open and more reasonable project licensing mechanism to help the province's real estate market welcome real estate investors from Ho Chi Minh City”.

Reported by Minh Khanh – Translated by Ngoc Huynh