As a province affected by the 4th Covid-19 epidemic in Vietnam, Long An’s real estate market still receives positive information from newly launched projects and the number of products sold during this epidemic period is under control.
Long An owns a strategic location
Long An has a rather special geographical position, even though it is located in the Mekong River Delta, it belongs to the Southern key economic development region, a dynamic economic region that plays a particularly important role in the economic development strategy of Vietnam.
Located adjacent to Ho Chi Minh City, Long An is considered as a hyphen between the two key economic regions of the East and the Southwest. In the strategy of economic restructuring towards service – finance – high technology of Ho Chi Minh City, Long An is considered as an expansion area to relocate industrial plants in the most convenient way. Currently, Long An has 36 industrial parks/clusters, the occupancy rate is 80 percent. As a result, Long An is becoming the industrial and service center of the Mekong River Delta.
Rapid urbanization speed
The establishment and development of industrial parks and clusters has promoted the process of urbanization and population concentration, contributing to the expansion of townlets and townships; and at the same time created many new urban residential areas in Long An province. According to the plan, in the period 2021- 2030, Long An will develop 29 urban areas in areas adjacent to Ho Chi Minh City. With the drastic action of the Long An authorities, it is forecast that Duc Hoa, Ben Luc, Can Giuoc and Can Duoc districts will soon become modern satellite towns and hi-tech industrial parks and clusters to “share” with HCMC.
Strongly developed transport infrastructure
Currently, Long An is completing the upgrading of National Highways (NH) 1A, 50, 62, N2. The NH Ho Chi Minh City – Trung Luong and NH Ben Luc – Long Thanh help Long An connect directly with the seaport system of Hiep Phuoc, Cat Lai, Cai Mep – Thi Vai and Long Thanh international airport, so on holds great promise.
Besides, Ring Road 4 sections Ben Luc – Hiep Phuoc, the metro 3A Ben Thanh – Tan Kien are also preparing to start, while NH Ben Luc – Long Thanh, Ho Chi Minh City – Trung Luong – Can Tho are being prepared to put into operation. These infrastructure projects not only build a modern transport system for the urban area of Ho Chi Minh City, but also open the way for the formation of satellite urbans in Long An.
The land price is still very low, but it has great potential
The real estate market in areas adjacent to Ho Chi Minh City such as Duc Hoa, Ben Luc and Can Giuoc are all active. However, the market research has shown that the real estate price level in Long An is still much lower than that of Binh Duong or Dong Nai, Ba Ria Vung Tau.
According to a survey of the website batdongsanonline.vn compares:
• The average land price in Binh Duong is currently about 13.8 million VND per square meter, the townhouses/villas are about 40 – 60 million VND per square meter.
• Dong Nai land plot price is about 8 million VND per square meter, the townhouses/villas are about 35 – 50 million VND per square meter.
• At the moment, the land price in Long An is only at 6 – 6.7 million VND per square meter, the land in the center of towns and townlets is about 18 – 30 million VND per square meter. This is a very favorable factor for new investors to enter the market.
Long An real estate market enters a new growth phase
Right from the beginning of 2021, the Long An market has recorded outstanding growth compared to previous years thanks to the impact of many factors such as development infrastructure, good investment policy from the state, capital flows from the large numbers of domestic and foreign enterprises have invested in, so on and many new projects have been announced. The market in this region promises to remain high in the coming time.
According to a survey batdongsanonline.vn in Long An province over the past several months, the price of residential land in Ben Luc district is from 19 to 22 million VND per square meter, in other areas such as Duc Hoa, the average price is from 15 to 20 million VND per square meter, Can Giuoc 18-25 million VND per square meter. Projects with beautiful locations and full facilities have prices up to 20-25 million VND per square meter, although it was only 5.5 – 10 million VND per square meter in 2018.
Source: LONG AN PORTAL