Business

Can Tho city solicits investment in housing

Can Tho city, the most developed locality in the Mekong Delta, continues to seek investment in housing projects.
Can Tho city solicits investment in housing ảnh 1A corner of Can Tho city (Photo: VNA)
Can Tho (VNS/VNA) - CanTho city, the most developed locality in the Mekong Delta, continues to seekinvestment in housing projects.

According to analysts, the cityhousing market will enjoy steady growth this year.

Thieu Quang Thai, Vice Chairmanof the Can Tho Real Estate Association, said the market would continue to growthanks to the Government’s investment in transport infrastructure.

Investment by city-based realestate firms as well as those from other localities in lands has perked up themarket.

Nguyen Minh Tri, Director of TinPhat Real Estate Company, said the market would continue to grow stronglybecause the city is the delta’s urban hub and economic growth would causehousing demand to surge.

The prices of some residentialprojects have risen by up three times in two years.

In the Cuu Long - Him Lam urbanarea, the price is now 20-22 million VND (some 865-950 USD) per square metre.It is 22-25 million VND (950-1,079 USD) in the Hong Loan Residential Area Lot5C, 17-25 million VND (733-1,079 USD) in the Stella Mega City residential area,15-23 million VND (about 647-992 USD) in the Con Khuong Cuu Long- Him Lamresidential area, and 35-40 million VND (1,508-1,724 USD) in the Nam Long-HongPhat residential area.

An 80-100sq.m of land in Phu Anand Tan Phu resettlement areas in Cai Rang district now costs 1.2 - 1.5 billionVND (51,700-64,700 USD), up from just 250-300 million VND two years ago.

The availability of properinfrastructure is one of the factors stimulating the growth of the market, Thaisaid.

The city is carrying out ascheme to exploit lands in 2017-2021 while conforming with overall planning.

It will quickly clearencumbrances on lands to ensure investors can begin work quickly and achievemaximum investment efficiency.

Can Tho has a number ofadvantages that can enable it to become one of the country’s real estate hubs.

It has attracted many largedevelopers like Vingroup, Novaland, FLC, and LDG./.
VNA
#Can Tho city #Mekong Delta #housing market #real estate #transport infrastructure #urban areas #vietnamplus #Vietnam News Agency Can Tho
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