New Development Projects for Townhouses Spark Real Estate Market in Binh Duong

The series of startup projects is helping the real estate market in Binh Duong to gradually heat up as it records positive signals, with prices trending upwards.

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According to experts, landed houses are high-value assets with limited supply over time. However, the land bank for housing development projects in Ho Chi Minh City is limited, and the real estate transactions in this sector are currently concentrated and increasing in satellite urban areas such as Binh Duong, Dong Nai, and Long An.

In Binh Duong, multiple projects have restarted simultaneously, helping the market gradually heat up. Among them are “brand new” projects entering the market alongside the next phase of the existing projects.

According to representatives from An Gia, the real estate market in Binh Duong has been undergoing clear changes as most projects in this area are focusing on low-rise townhouses by reputable developers, with prices ranging from 8-12 billion VND ($346,000 – $519,000) per unit depending on the area. The only exception is the standalone townhouse project The Standard (Tan Uyen), which is being offered at a more affordable price of around 5.5 billion VND ($238,000) per unit.

Standalone townhouses at The Standard in Tan Uyen District, Binh Duong Province

To own a unit, buyers only need to pay 10% of the price to immediately receive a villa or townhouse at The Standard for their own residence or for rental and business purposes. The remaining amount can be paid in installments over 24 months, with the developer’s support.

For example, with a townhouse priced at around 5.5 billion VND ($238,000), buyers can pay 550 million VND ($23,800) to receive the property immediately with the ownership certificate. The rest of the payment can be made after receiving the property over a 24-month period, accompanied by various financial incentives such as a 1-3% discount for cooperative purchases, and free property management for two years.

Mr. Hoang Nam (42 years old, from Binh Duong) highly appreciates the support solutions provided by the developer. Instead of paying 5.5 billion VND to buy a 3-storey townhouse, he only needs to pay 10% upfront, equivalent to 550 million VND, to immediately receive the property without any waiting periods.

“My wife and I can easily allocate our idle capital to other plans since we don’t have to pay the full amount to receive the property. Moreover, the deferred payment policy over 24 months also helps us avoid financial pressure and provides additional time for us to prepare and balance our cash flow,” Mr. Nam said.

Standalone townhouses at The Standard with prices starting from 5.5 billion VND ($238,000)

In addition to the 10% payment policy, An Gia also offers rental support policies for some townhouse and shophouse products, with monthly rental incentives ranging from 25-40 million VND ($1,080 – $1,730) for up to 18 months.

According to experts, these new policies provide opportunities for investors to immediately own profitable investment products without bearing initial financial pressure. However, real estate investment is a major and long-term channel, therefore, investors need to be cautious and not rush into decisions. Furthermore, it is advisable to focus on segments with the highest profit potential, while concentrating on real estate projects with transparent legal procedures, reputable developers, and great growth potential for capital appreciation.

“Thanks to the differentiating product development approach and limited supply, The Standard standalone townhouses have gained good demand in both the primary and secondary markets. Many buyers are looking for sustainable rental returns, targeting expert groups from both domestic and international markets who demand high-quality living spaces. Moreover, this type of real estate has a high accumulation and safety factor, ensuring price growth,” emphasized the An Gia representative.

As a long-time investor, Ms. Ngoc Loan (45 years old, from Ho Chi Minh City) believes that these policies bring many advantages to buyers, allowing them to quickly rotate capital through early business exploitation or complete rental of the townhouses. In addition, projects that have already obtained land-use rights certificates and are in a completed status will facilitate investment activities more smoothly. “The profit potential is also higher, while risks related to construction delays or slow document handling are minimized,” Ms. Loan commented.

The Standard standalone townhouses feature modern amenities

According to analysts, in recent years, landed houses have set new price benchmarks, ranging from tens to hundreds of billions of VND per unit, with annual price increases of 20-25%. Rental yields for townhouses have gradually rebounded as well. Furthermore, many foreign laborers are returning to Vietnam and now need to spend more money than before to obtain an apartment or townhouse with equivalent quality.

It is worth noting that in the context of limited supply for townhouses and villas in Ho Chi Minh City, many investors are heading to adjacent areas such as Binh Duong in search of rental townhouse opportunities, which is becoming more evident. This is also an advantage for The Standard standalone townhouses as the project has been put into operation with outstanding amenities and services meeting international standards.

Officially launched in March 2022, The Standard standalone townhouse community has attracted a large number of experts and high-income individuals to live there and has gradually formed a multinational community including residents from Japan and Denmark. At present, the project has completed the handover of land-use rights certificates, home ownership rights, and property rights associated with land (pink book) to its residents.

Located on Trinh Cong Son Street (Tan Uyen District), The Standard consists of approximately 374 townhouses and shophouses. The project enjoys favorable connectivity with adjacent VSIP 3 Industrial Park, future Belt Road 3, and Belt Road 4, enabling residents to easily commute to cities, towns, commercial centers, and logistics hubs, among others.

Project information: The Standard (Le Gia Plaza Housing Area)

SOURCEcafef
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