The Migration of Real Estate Capital Flows
Amidst the current surge of savings deposits flooding into the real estate market, with limited investment opportunities in Hanoi, real estate investment flows have turned to neighboring provinces in search of affordable properties.
In actuality, after a period of stagnation from the second half of 2022 to the first half of 2023, real estate prices in the central areas of these provinces have been adjusted to their lowest possible levels. Additionally, due to development prior to the new Land Law, land prices for existing projects are considered “low” compared to the current cost of establishing new projects. This signifies that investing in provincial real estate at this time will yield significant profits for both local and Hanoi investors in the future.
Among the locations targeted by investors, Phu Tho stands out as a top priority due to its economic dynamism (ranking second in the North for industrial development) and its dense population (totaling 1.3 million in the province, with over 415,000 in Viet Tri City alone). Moreover, Phu Tho is the gateway and economic hub of the northern provinces, with convenient transportation infrastructure via expressways that connect it to Hanoi in just an hour.
With the burgeoning growth of urbanization and landscape infrastructure, Viet Tri City, Phu Tho Province, is not only a guardian of cultural heritage but also a symbol of contemporary vibrancy and prosperity in the northern midland region.
Choosing the Right Investment
Positioned in the heart of Viet Tri City, Phu Tho Province, the Palm Manor project is currently the center of attention for real estate investors in the northern region, thanks to its exceptional advantages. In terms of location, the project sits on a “golden” plot of land adjacent to major thoroughfares such as Lac Long Quan, Hung Quoc Vuong (Hung Vuong Boulevard), and has direct connectivity within a 500-meter radius to the most critical amenities of Viet Tri City (Hung Vuong Square, Van Lang Park), as well as convenient access to the province’s economically dynamic districts and communes.
Palm Manor flaunts its beauty in the heart of Viet Tri City
Notably, while the majority of provincial real estate projects typically neglect infrastructure investment and employ basic designs for land subdivision and sale, the Palm Manor project has emerged as a “phenomenon” in the real estate market in general and Phu Tho Province in particular. This is due to the meticulous attention paid by the investor, GP.Invest, to every aspect, from planning and construction to landscape design and amenity development. Spanning a total area of 56.4 hectares, 77% of the project is dedicated to greenery, a regulating lake, and service amenities, with an investment cost reaching millions of dollars, transforming Palm Manor into a complete and integrated urban area for Phu Tho Province.
Palm Manor: A complete urban area for Phu Tho Province
Of particular note, the Palm Manor project (the new Southwest Urban Area of Viet Tri City) ensures legal compliance, with the investor completing the issuance of land use right certificates (“red books”) upon the project’s launch, while the landscape infrastructure is substantially complete, ready for the first handover in late 2024.
The project features a 3.4-hectare scenic lake
Furthermore, the project offers a diverse range of products tailored to various target groups and objectives, appealing to both owner-occupiers and investors alike. Notably, with prices ranging from 43 to 50 million VND per square meter, Palm Manor is a project with highly competitive pricing in the region, offering the potential for quick liquidity and high profit margins in the future.
Palm Square entertainment plaza
Palm Manor is widely anticipated to be a game-changer in the northern real estate market and will mark a new milestone for the Phu Tho market in 2024.
Learn more about the Palm Manor Project, Viet Tri, Phu Tho: https://www.palmmanor.com.vn/
