May 14, 2021

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The northern coastal provinces attract interest in Vhome

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Hung Yen, Thai Nguyen, Hai Phong … are localities attracting Vhome readers to seek information, showing the interest of many people in the peri-urban market.

According to data from the real estate data channel Vhome, Hanoi has always been the second most searched market after Ho Chi Minh City, since the beginning of the year. In the top 20 localities that received many searches, the Northern markets had 9 representatives, much more than the South (6 representatives) and the Central (5 representatives). Outside of Hanoi, the northern regions that are most interested by Vhome users are Hai Phong, Hai Duong, Son Tay, Bac Giang, Thanh Hoa, Bac Ninh, Ha Long …

Projects with the most readers visit include Vinhomes Ocean Park (Hanoi), new subdivisions of Ecopark urban areas (Hung Yen) such as Haven Park Residences, Ecopark Sky Oasis; Hanaka Paris Ocean Park (Bac Ninh); Danko City (Thai Nguyen) … The price range is commonly referred to in the range of 2-4.5 billion VND.

In fact, this data correctly reflects the trend of real estate investors in recent times. As noted by VnExpress The level of investor interest in the North market is higher than that of the Central and South. In addition, there is a tendency for investors in the North to “return home” instead of the South advancing as before. Northern investors are very strong to put money into local projects instead of pinning money in banks.

The attractiveness of the North market is also the driving force that many big companies in the South move their capital flows to Hanoi or neighboring provinces. For example, Nam Long Investment Joint Stock Company announced the Nam Long Hai Phong project located in the VSIP Hai Phong urban area with an area of ​​21 hectares, construction scale of 850 villas, commercial houses, townhouses and 2,200 apartments. apartment. According to the plan, the fourth quarter of 2020 will officially start the phase 1 project. By the end of 2021, it will be handed over, the 2-3 phases will start in 2021-2022.

Client is looking at a project in Hanoi in May 2020. Image: MIKGroup.

In April, Thai Nguyen province leaders had a meeting with Phu My Hung Development Company Limited. This business is looking to invest in and implement projects locally in areas such as industrial development, tourism and urban planning. The province has given a number of proposals for Phu My Hung to study for investment, including the Nui Coc lake tourism area. Businesses later surveyed at this location. Phu My Hung previously issued bonds to prepare capital for Phu Hung Khang Urban Area project in Hoa Binh. This project is about 405 hectares, expected to have more than 1,000 products, 2 schools, a hospital and a 75-room hotel.

Also with the “North-forward” trend, Masterise Group launched 6 apartment buildings in Vinhomes Ocean Park urban area, marking a return after 8 years of absence in the capital real estate market. In addition, although no project has been started, recent information from Hung Thinh Group says that after the restructuring, Hung Thinh Land will have a land fund of 4,500 hectares, including the names of Hanoi and other other.

During the recent meeting with the press and investors, market research expert Nguyen Quoc Anh affirmed that the cash flow in the real estate sector was pouring into the North. According to him, from the situation of investors in the North looking for opportunities in projects in the Central and the South, many people are now starting to focus on the local market, which is geographically close.

“The price level in Ho Chi Minh City increased in the period of 2018-2019, the legal factor in projects was more difficult and Covid-19 was the factor that caused investors to push cash flow to the Northern market. simultaneously poured into the ground land, peri-urban houses around the Hanoi market, especially residential land “, this person explained.

Tat Dat

Information Vhome real estate data channel here

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