25/042019

NHON TRACH LAND (DONG NAI) DRAMATICALLY FLUCTUATES AFTER THE INFORMATION OF CONSTRUCTING BRIDGE VALUED MORE THAN VND 7,000 BILLI

The Nhon Trach market is currently the most active transaction mainly in the land plot segment in Dai Phuoc, Phuoc Khanh, Phu Dong and Vinh Thanh communes because of good infrastructure connection with Ho Chi Minh City.

Many investors turned to Nhon Trach

Recently, Vice Chairman of Ho Chi Minh City People's Committee Tran Vinh Tuyen and Vice Chairman of Dong Nai Provincial People's Committee Tran Van Vinh and other departments of the two localities met to discuss the implementation of the Cat Lai Bridge project connecting District 2 (Ho Chi Minh City) and Nhon Trach district (Dong Nai). Accordingly, the Vice Chairman of Ho Chi Minh City People's Committee agreed on the proposed plan of Dong Nai and said they will consider the conditions for early implementation of the project.

On the side, Dong Nai province proactively propose to build and directly invite investors to participate in developing Cat Lai bridge project with a capital of about VND 7,200 billion. This information was noticed by many investors because of the increasing interest and exploration of real estate investment in Nhon Trach.

In fact, the information of Cat Lai bridge connecting Ho Chi Minh City with Nhon Trach has been "revealed" for a few years and many investors have sought and welcomed this market wave in the previous time. However, this time when the information on construction of Cat Lai bridge is officially clear, it has a direct impact on investors' demand.

According to investors in District 9, when the HCM City’s real estate price is quite high, it is difficult to invest to increase the price and the neighboring areas with the price of only 1/2 to 1/3 are top choices. Recently, many investors seek ground land in Nhon Trach (Dong Nai) partly because the price is still soft as well as because of the anticipation of the construction of Cat Lai bridge. Areas are strongly sought by investors such as Dai Phuoc, Phuoc Khanh, Phu Dong and Vinh Thanh communes.

In particular, there are projects that are far away from Cat Lai ferry, the liquidity is quite good recently.

Along with the information that Cat Lai bridge is about to be built, Dong Nai People's Committee recently announced a list of 12 big projects calling for domestic and foreign investors in infrastructure field with a total investment of nearly USD 1,22 billion. These projects, once completed, will help the province develop its economy and protect the environment better. This is also a premise for the real estate market in this area to become the point of view of investors in the coming time.

Land prices fluctuate.

According to the fact, in Nhon Trach, the transaction is most active mainly in the land plot segment in Dai Phuoc, Phuoc Khanh, Phu Dong and Vinh Thanh communes because of good infrastructure connection with Ho Chi Minh City. In these areas, price fluctuations increased by at least 20% compared to the same period last year.

Regarding the built house, Phu Thanh area with one urban area project is offering price of VND 2.2 billion / unit and the purchasing power is quite stable.

According to the brokers, the area of ​​Vinh Thanh, Phu Dong and Phuoc Khanh resettlement area are the areas that are highly sought by investors. The price of land in these areas also fluctuated quite strongly in the past time, especially from the time after the Lunar New Year until now, due to the impact of infrastructure and new products, the secondary price increased from 20-30 % within 8-12 months.

There are quite a lot of investors coming to Nhon Trach, near the bridge area to be built instead of Cat Lai ferry

According to the research, because the separation of land is not as easy as before, it has affected the supply of land in Nhon Trach, while the existing land is very little, so that is the reason for the real estate price here pushed up.

Many investors now accept to go further to own the ground but the offering price is not as soft as it was 4-5 months ago. The level of secondary price difference by brokers is quite high because at the same time investors focus on the market here to buy and sell. Demand for real products also tends to increase, especially for customers working at Cat Lai port. As noted, not only the project land, indigenous peoples' land is also actively sought by buyers at this stage.

(Source: Cafef)

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