As we enter a new cycle, investors are flocking to the new industrial capitals in search of rare land opportunities, with Thai Nguyen’s Po Yen City being a prominent choice.
Land facing new opportunities and challenges
The latest forecast by the Vietnam Real Estate Brokers Association (VARS) in its market report for the first half of 2024 predicted that with the new real estate laws in effect, land plots will once again become the “king” of investment channels. The report also showed that low-rise and land transactions in the second quarter of 2024 increased by up to 60% compared to the previous quarter, with prices stabilizing. Notably, land auctions have seen success in both the number of registered bids and the amount of money raised. This is expected to be a source of land with legal, infrastructure, and competitive price advantages in the coming period. Investors can easily build houses for rent or business purposes, generating a monthly cash flow. VARS also believes that the real estate market will definitely need time to fully “absorb” the new legal regulations, and in the short term, capital will flow towards products that are ready for transaction and possess many advantages in terms of location, potential, and especially legal status.
The asking price for land in the first quarter of 2024 in the North increased by up to 25%, concentrated in provinces with industrial advantages and large FDI inflows such as Thai Nguyen, Bac Ninh, and Bac Giang. The land segment with rental and business potential is currently the most sought-after as it offers the possibility of generating monthly cash flow.
Industrial park-adjacent land is an investment highlight with impressive transaction numbers
Facing the challenge of a possible supply reduction due to the tightening of land subdivision regulations under the new Real Estate Business Law, many experts believe that in the initial phase, land transaction activities in some areas may decrease in quantity. However, after a period of policy adjustment, the land market will develop towards more transparency and sustainability. This also presents an opportunity for land projects in second and third-tier cities that have already been deployed and launched as they may benefit from price increases due to supply and demand dynamics.
Dual advantages of Shophouse land fund adjacent to Samsung Thai Nguyen Industrial Park
Among the provinces bordering the capital city of Hanoi, Thai Nguyen stands out as an attractive investment destination, attracting FDI with multiple million-dollar projects. Additionally, with its strategic location connecting Hanoi and the key economic region of the North, Po Yen City, Thai Nguyen, has been invested in a network of ring roads to provinces such as Bac Ninh, Bac Giang, Vinh Phuc, and Phu Tho. The synchronous transportation infrastructure serves as a sustainable driving force for the development of the young city’s industrial spearhead.
With three industrial parks spanning 690 hectares, Po Yen City has become a magnet for investment in 2024
Since the second quarter of 2024, many investors have strongly shifted their focus to real estate adjacent to industrial parks to ride the wave of large FDI inflows. After completing the legal process, the land fund for shophouses adjacent to Samsung Thai Nguyen Industrial Park, developed by Won Invest, has been granted red books (ownership certificates) with full legal rights. With this advantage, investors can proceed with construction and business operations, catering to the demands of tens of thousands of workers in the industrial park. The shophouse row not only attracts a large number of people but also serves as a connecting hub for three of Thai Nguyen’s largest industrial parks: Yen Binh, Song Cong, and Diem Thuy, with enormous trade flows. The Yen Binh-Samsung Industrial Park alone employs more than 60,000 workers.
In terms of location, the shophouse row directly benefits from the province’s master plan. According to the plan, the shophouse land fund is located at the beginning of a branch off the Hanoi-Thai Nguyen expressway and connects to major provincial roads such as Route 261 and Route 47M. With this strategic position, the shophouse row will be an ideal resting spot for a large number of vehicles traveling on the expressway. As a result, the business equation becomes more diverse, serving needs such as car repair and maintenance, dining, and hourly accommodation.
The Shophouse row adjacent to Samsung Industrial Park boasts a prime location with two frontages on the “golden ring road” – a rare find in industrial park-adjacent land.
In addition to the dual advantages of location and legal status, with a diverse range of lot sizes ranging from 78 sq m to 132 sq m, investors can purchase adjacent lots to establish hotels, restaurants, and other businesses, catering to the upcoming influx of labor to the industrial parks. A unique highlight is that all shophouses in the row feature two frontages on lanes 1 and 2 of the industrial park road, providing high visibility. Lane 1 is 15.5 meters wide, Lane 2 is 21.5 meters wide, and the sidewalk ranges from 4 to 5 meters in width. With numerous superior features, this million-dollar shophouse row is poised to become the bustling shopping and trading center of Po Yen City in the near future.
For more information about the Shophouse land fund adjacent to Samsung Thai Nguyen Industrial Park, please contact:
Won Invest Real Estate Investment and Business Development Consulting Company
Website: https://Lynntimesthainguyen.vn/
Hotline: 0986.556.580
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