Bac Giang – Unleashing the Potential
Known as a fertile land located about 1 hour away from the capital city of Hanoi, Bac Giang embraces three alluvial rivers with significant development potential – the Cau River, the Thuong River, and the Luc Nam River.
Not only being the cradle of human civilizations, each river is considered a source of prosperity for the entire region, forming bountiful orchards, thriving urban areas, and fostering development…
One of the most prosperous areas in Bac Giang is Luc Ngan, with the Chu township adjacent to the Luc Nam River. This area is also set to be upgraded to a town in 2025 and an eastern city of the province by 2045.
In recent times, with its vast potential for developing ecological tourism, high-quality agriculture, and industry, Bac Giang in general, and Chu township in particular, have been gradually achieving remarkable socio-economic achievements, making it an attractive destination for settling down, working, and investing in development.
In 2023, the locality was ranked among the top provinces with the highest economic growth rate in the country, reaching 13.45%. At the same time, the investment and business environment has been continuously improving. The locality is among the top 4 areas attracting the most significant investment in the country, following Quang Ninh, Ho Chi Minh City, and Hai Phong. In 2023, the province attracted over 3.2 billion USD in investment.
The land along the Luc Nam River is also considered a national agricultural hub with many branded specialties – Luc Ngan litchi, Duong Canh orange, honey, Dien pomelo, Da Xanh pomelo, Xuan 21 apple, sticky jackfruit, Phi Dien glutinous rice, and more. In 2023, Bac Giang was the only province in the country with a trade surplus in 2023, exceeding the state budget revenue estimates,…
In addition, the locality has also continuously and synchronously implemented urban planning, social security activities, education, and cultural and sports development. In line with the overall growth momentum, the area along the Luc Nam River is considered a potential destination for investment flows, especially in areas planned for development into new towns and cities in the province.
Scarce synchronized urban development projects with high-class amenities
In the context of socio-economic development alongside the trend of urbanization, modernization, and the influx of residents, Bac Giang in general, and Chu Township in particular, still lacks projects and urban areas with synchronous planning that meet the living and development needs of residents.
According to a recent report by the Ministry of Construction, in the third quarter of 2023, there were 863 projects underway in the country, of which the Northern region, Bac Ninh, led with 95 projects, while Bac Giang had only 5 projects, but the demand for real estate in this area has been increasing. This is especially true in localities with planned development into towns and cities, such as the Chu Township area (Luc Ngan).
Recently, on February 28, 2024, the Bac Giang Provincial People’s Committee issued a Decision approving the task of approving the detailed planning No. 2, Chu urban area with a scale of 1/2,000. Accordingly, the Chu township will become the central core of the Chu town in 2025, aiming to develop eco-urban, trade, and service areas. Along with that, there will be a focus on investment in planning and developing inter-regional transport infrastructure and urban appearance.
Economic and social growth, together with the potential for growth in the entire region when the Chu urban area is upgraded to a township in 2025, opens up opportunities for investors in their hometown, given that local real estate prices are still low.
The new urban area in the center of Chu Township – A destination for investment flows in the development stream of the whole region
Developed as townhouses and commercial adjacencies within a synchronized utility planning complex of 8.6 hectares, the new urban area in the center of Chu Township offers opportunities for investors to own multi-profit assets thanks to its flexible model. With synchronized, high-class utility planning: schools, commercial centers, clubhouses, parking lots, high-rise areas, landscaped parks and gardens, outdoor exercise equipment, BBQ areas, walking paths, etc. This will be the focal point for living, entertainment, and shopping for residents and visitors.
What is unique about this new urban area is that the townhouses and commercial adjacencies can be built and designed according to the needs and business orientation of customers: The first and second floors can be used for business and services, and from the third floor, they can be used for living or as lodging rooms.
Chu Township has long been known as a fertile land and a bustling central town of Luc Ngan district. With many traditional families developing traditional crafts and cultivating fruit trees for generations, and a strong economy, it is considered a highly potential consumer market for high-class shopping and entertainment services.
Information about the New Urban Area Project in the center of Chu Township
Legal name of the project: New urban area in the center of Chu township
Address: Chu Township, Luc Ngan District, Bac Giang Province
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