In 2024, many experts said that the Southwest real estate market is considered an outstanding market, a bright spot in terms of profit when owning a low price compared to the whole country…
2024 is considered a pivotal year in the new growth cycle of Vietnam’s real estate market, Southwest real estate is considered an outstanding market, a bright spot in terms of profit margin when owning a low price compared to the whole country.
Along with that is the development motivation from transport infrastructure, economic infrastructure is increasingly improving in this land.
Many flourishes
The urban face of the Southwest for many years has been increasingly spacious and modern with resort tourism complexes and modern urban areas, attracting domestic and foreign workers to settle down as well as international tourists. Accordingly, the Southwest real estate market recorded stable and sustainable growth (an average increase of 20-25% per year during the past five years), receiving the attention of domestic and foreign real estate investors.
According to a report by PropertyGuru Vietnam, at this time, up to 65% of Vietnamese respondents said that they still plan to buy real estate this year, in which, the main needs are mainly due to the need for more living space (48%), buying to live near utilities such as schools, agency (20%). Batdongsan.com data also showed that searches and listings for properties increased by 66% and 52%, respectively, in January compared to the same period last year. Thereby, it is possible to see positive signals for the market this year.
Recently, Can Tho city has planned to develop and build over 11,000 houses of all kinds, with a total area of about 1.44 million m2; In which, commercial housing has a floor area of 568,943m2, with 3,187 units, including completed from projects under construction of 1,687 units, completed from new development projects of 1,500 units. Housing for social objects has a total floor area of 144,855m2, with 2,484 units, including housing for low-income people 2,061 units, housing for workers 208 units, housing for students 215 units. Housing in the resettlement project has a total floor area of 137,858m2, with 1,428 units…
Currently, Can Tho is also opening for sale many real estate projects, concentrated in Ninh Kieu, Cai Rang, Binh Thuy districts such as Nam Long Central Lake, An Phu Center Point, An Phu Eco City Urban Area, An Binh STK New Urban Area, Dai Ngan Can Tho Residential Area, The Ambi – Stella Mega City Can Tho Land, Land plot The Central – Stella Mega City Can Tho, Rivera Park Apartment, Con Khuong Diamond City Can Tho Urban Area,…
Chairman of the Vietnam Association of Real Estate Brokers Nguyen Van Dinh said that the National Assembly’s approval of three important Law projects, namely the Law on Land (amended), the Law on Real Estate Business (amended) and the Law on Housing (amended), has an important significance in positively impacting the development of the real estate market. The strict provisions of the laws will contribute to supporting enterprises to develop real estate projects. In particular, creating transparency, fairness and opportunities for real investors, investors with full capacity.
According to Can Tho City Real Estate Association, the approved planning of the Southwest provinces serves as both a legal framework for socio-economic development management and investment and a guideline for the region’s development period in the period of 2021-2030, orientation to 2050. This creates a push for the real estate market of the region with great potential for development, including Can Tho market.
Development leverage
Chairman of Can Tho City Real Estate Association Duong Quoc Thuy said that from now until the end of 2024, Southwest real estate enters a new opportunity when receiving attention and capital from the Government on developing inter-provincial transport infrastructure and promoting socio-economic development.
Up to this time, many key and large-scale transport infrastructure projects have been approved for investment policies, construction or reaching the finish line, including some outstanding projects such as Ring Road 3 Ho Chi Minh City, Can Gio Bridge, My Thuan 2 Bridge, My Thuan-Can Tho expressway, An Giang-Can Tho-Hau Giang-Soc Trang expressway, Cao Lanh – An Huu route…
At the same time, the Southwest is also a region with great potential when possessing many favorable natural and climatic conditions. This place not only promotes the growth capacity of agriculture and seafood exports but also strongly attracts foreign direct investment (FDI) inflows in the fields of industry, clean energy, logistics,…
As the center of the Southwest, Can Tho real estate market is expected to prosper thanks to projects that have been and will be implemented, promising to create spillover effects to the whole region such as Vinh Thanh Industrial Park, Con Au golf course project planned 18 holes on an area of 112ha in Hung Phu ward, Cai Rang district. In the near future, the Aeon Mall Can Tho project is expected to be built in Binh Thuy district, promising to create a place for entertainment, entertainment and shopping for people in the Southwest and the whole country in general when traveling to Can Tho,…
According to General Secretary of Can Tho City Real Estate Association Do Cong Nguyen, the segment of apartments in the central area and suburban land in Can Tho city this year is a bright spot leading the market. Primary selling prices tend to increase, especially the apartment segment increased by 5-10% this year. Besides, lending rates at commercial banks continue to fall; The acceleration of disbursement of public investment capital for expressways last year and the coming period is interested by the Government to help the Southwest market develop in the coming time.
In order to effectively implement and ensure that the target of urbanization rate of Can Tho city this year is 75%, the Chairman of Can Tho City People’s Committee assigned the Department of Planning and Investment to advise Can Tho City People’s Committee on investment policies, investment management, investment attraction of projects, works and programs that directly and indirectly affect the goal of achieving the urbanization rate. Accordingly, relevant departments and branches should coordinate with the Department of Planning and Investment and the Department of Construction in advising on completing the urbanization rate target this year.
Experts said that infrastructure investment also creates economic space and trade space between Can Tho City and the Southwest region with Ho Chi Minh City and the Southeast region.
The Southwest currently has a lot of room in terms of land fund, real estate value when real estate prices are still low compared to other regions across the country. Therefore, provinces and cities in the Southwest region need to quickly seize opportunities, in addition to investing in the transport system, it is necessary to focus on investing in service infrastructure systems to meet the demand and stimulate development.
