With the launch of the AEON Mall Ha Long project and the commitments of the Quang Ninh provincial government to facilitate investment attraction and improve infrastructure, real estate in this area has quickly regained its position and momentum.
Hanoi people are looking to buy apartments in Quang Ninh
Since AEON Mall broke ground, the apartments in the area surrounding the mall have been generating transactions every day, including during the Tet Lunar New Year holiday.
AEON Mall has sparked the real estate market in many areas where the mall is present. For example, the land prices in the area surrounding AEON Mall Long Bien such as Tu Dinh, Co Linh have increased by 30-50% since this hypermarket appeared there in 2015. The keyword “AEON Mall” has become a focal point in all real estate advertisements in the Long Bien area.
Real estate in the Ha Long area is also expected by investors to grow similarly.
Currently, AEON Mall is leveling the ground and preparing for construction with a total investment of over VND 5,200 billion. It is expected that by the end of next year (Q4/2025), AEON Mall Ha Long will be operational. The surrounding real estate market, including The Dragon Castle – a project located right next to Ha Long Bay, just 5 minutes walk from AEON Mall – is heating up day by day.
From now until May 30, 2024, the investor will apply the payment method of 35% of the apartment value within 02 months, receive the house immediately and pay the remaining amount in the next 22 months. This policy has encouraged many people to quickly “close the deal”.
The shift in customer base at this project is also very interesting.
In the first half of 2023, the majority of homebuyers at The Dragon Castle were Quang Ninh residents. Putting price and convenience in living as top priorities, the first residents here experienced Korean-style living with perfect services and design as soon as they received the handover keys from the project.
Vending machines and 24/7 convenience stores have also been put into operation, serving residents Source: N.H.O
In the second half of 2023, when the Ha Long city government prepared for the groundbreaking ceremony of the AEON Mall project, more than half of the new owners of The Dragon Castle came from other provinces and cities, most of whom were from Hanoi. Real estate investors in the capital are always highly regarded for their sensitivity to market adjustments.
In early 2024, apartment prices in the capital increased rapidly, causing more and more people from Hanoi to look to Quang Ninh to buy houses and ride the wave. Mr. Nguyen Hoai Nam, 38 years old – who once enjoyed compound interest by owning an apartment near AEON Mall Long Bien before, shared: “After selling my old apartment in Long Bien District, I immediately bought 2 new spacious apartments at The Dragon Castle, both for vacation and for rent. Sooner or later, this project will also increase in value when AEON Mall starts operating.”
With 15 years of experience in real estate investment, Ms. Thanh Mai, who recently decided to buy a 3-bedroom apartment here, believes that AEON Mall is invigorating the residential area of ​​The Dragon Castle. “AEON Mall has stimulated the real estate market in many places where it is located. With the presence of AEON Mall, The Dragon Castle Ha Long will be a bustling destination.” – Ms. Mai analyzed.
Long-term potential
It is no coincidence that the big player AEON Mall chose Ha Long – Quang Ninh. This is a rare province that has maintained a double-digit and stable Gross Regional Domestic Product (GRDP) growth rate for a decade.
In particular, in 2023, Quang Ninh led the country in attracting foreign direct investment with a value of up to USD 3.1 billion. In early 2024, the province also signed a number of additional FDI projects with a capital of nearly USD 500 million, promising a prosperous year.
Foreign investment pouring into Quang Ninh is a testament to the province’s strong development potential in the near future. Because accompanying FDI is a high-quality workforce, strong administrative reforms, infrastructure investment, and an increase in the average income of people, with higher demand for a range of products and services…
Many residents have also started renting out their apartments to tourists visiting Ha Long. Source: N.H.O
Besides the group of customers buying to live, who are attracted by the amenities and services here at an affordable price, The Dragon Castle also attracts a significant number of customers buying to invest. Not only expecting a stable number of guests from tourism demand or domestic and foreign experts serving new FDI projects, many investors also plan to “flip” when prices increase.
“In the current situation where savings interest rates are as unattractive as they are now, I think choosing an apartment in an area with sustainable growth potential like The Dragon Castle Ha Long is an optimal investment option” – Mr. Manh Duc, 42 years old, who has just matured a VND 6 billion deposit, commented./
For detailed information, please contact:
Investor: N.H.O Company (National Housing Organization)
Business Development Consultant: WeLand
Distribution agents: Vhomes, Mai Viet Land, SRT, T-land, QNG Land, TrustReal, An Viet Homes
Hotline: 0965 520 660
Website:Â https://bit.ly/thedragoncastleÂ
