The distribution of compensation funds from local authorities has led to a surge in real estate activity in Long An, Vietnam. Residents, armed with bags of cash, are investing in nearby projects, causing a ripple effect of increased interest and prices in the area. This trend is also observed in Thu Duc, where infrastructure projects have resulted in substantial compensation payouts, with recipients choosing to reinvest in local real estate or purchase multiple properties for their families.
The total area of land acquired for the Long An project is 2,195,520 square meters, with a staggering compensation budget of VND 4,400 billion. Of this, VND 3,686 billion is allocated for land compensation, VND 251 billion for assets on the land, and VND 214 billion for additional support. The project offers 260 relocation land lots and VND 13.9 billion in monetary compensation.
This influx of cash has not gone unnoticed by real estate developers, who are quick to promote their projects to attract these newly compensated residents. Some developers have even recalled their land and housing products, only to re-release them at higher prices, capitalizing on the sudden increase in demand.
The phenomenon is not isolated to Long An. In the East region, infrastructure projects such as the Ho Chi Minh City Ring Road 3 and the expanded Lo Lu Road have also led to significant compensation payouts. Many recipients have chosen to reinvest in local real estate, providing a boost to the market and creating opportunities for brokers to facilitate multiple property sales.
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