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Bright prospects for real estate market in central coastal localities

Localities surrounding Hanoi and Ho Chi Minh City, as well as the central coastal provinces from Thanh Hoa to Binh Thuan, are stepping up investment in economic, industrial, and urban development towards the sustainable growth of the real estate market in 2019, according to General Secretary of the Vietnam Association of Realtors Nguyen Van Dinh.
Bright prospects for real estate market in central coastal localities ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Localities surrounding Hanoi and Ho Chi Minh City, as well as thecentral coastal provinces from Thanh Hoa to Binh Thuan, are stepping up investmentin economic, industrial, and urban development towards the sustainable growthof the real estate market in 2019, according to General Secretary of the VietnamAssociation of Realtors Nguyen Van Dinh.

This year, land lotscontinue to be the main focus, with prices forecast to rise by 10-15 percent.

According to surveys,the land lot sectors in the southern provinces of Long An, Dong Nai, Binh Duong,and Vung Tau have drawn special attraction. Insiders said that compared withthe average national price, the cost of land lots in these localities arelower, but looks likely to increase in the time ahead.

The price of land inthe outskirts of Ho Chi Minh City is making a record high. Dinh noted that 1billion VND (43,100 USD) is not enough to buy a land lot there anymore, addingthat with this amount, investors still have choices in surrounding areas.

According to him, the propertyfever in Phu Quoc and Van Don special administrative-economic zones has dieddown, but the real estate market will continue growing, thanks to thedevelopment of tourism and strong investment in infrastructure.

He advised localitiesto tread carefully in approving new real estate projects and avoid a massapproval, which would lead to an oversupply. –VNA 
VNA
#Central coastal provinces #Vietnam Association of Realtors #property fever #Phu Quoc #Van Don special administrative-economic zone #Vietnam #Vietnam news #Vietnam News Agency
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