Affordable Housing in Bac Ninh – “A Golden Opportunity for Young Homeowners”

Young Adults and the Dream of Home Ownership

For young adults and young families working in industrial zones, the dream of owning a home is always a cherished one. They yearn for stability and desire a home that fits their modern and dynamic lifestyle.

Young working adults often prioritize homes with smart designs, optimized spaces, and convenient locations to save time on commuting and easily connect with the community. On the other hand, young families seek comfortable and safe living spaces with playgrounds and essential amenities to enjoy life daily. The common denominator for both groups is the need for a balance between quality and price, aspiring to own a home equipped with ample amenities while remaining financially feasible.

Vietnam’s economic development and rapid urbanization have created a massive demand for affordable and mid-range housing. However, while investors primarily focus on the luxury segment, Cat Tuong Group has chosen a different path: offering quality products, excellent services, affordable prices, and flexible payment policies. This approach has helped many young families turn their dream of owning a home into a reality.

Real Estate Market: An Overabundance of Luxury, a Severe Lack of Affordable and Mid-Range Options

According to statistics from the Vietnam Real Estate Brokers Association (VARS), in the past decade (2013-2023), real estate prices have increased by several folds. Notably, house prices continue to rise due to a yearly supply shortage, especially in the affordable segment for the majority of the population.

Cat Tuong Eco – One of the High-Quality Social Housing Projects in Bac Ninh City

The increasing difficulty of buying a home has led many young adults to choose a single life, avoiding marriage and parenthood due to the financial pressure of high housing costs. This scarcity of affordable housing has created a market demand, especially for projects like the Cat Tuong Smart City social housing project in Yen Phong, Bac Ninh. As soon as it was launched, the project attracted significant market interest. Up to now, numerous applications to purchase apartments have been submitted, and the developer is actively providing legal condition consultations.

Cat Tuong Social Housing: Making Home Ownership a Reality for Young Adults

Experts predict an improvement in the supply of social housing from early 2025, with hundreds of thousands of apartments entering the market. In Bac Ninh, projects like Cat Tuong Smart City, priced from VND 850 million per unit, have significantly contributed to meeting the local demand for social housing. The project offers living solutions for Bac Ninh residents and its vicinity, with apartment sizes ranging from 45sqm to 71sqm, including 2-3 bedrooms, and prices varying from VND 850 million to VND 1.8 billion.

Cat Tuong Smart City – Yen Phong: A Notable Project in the Affordable and High-Quality Housing Segment in Bac Ninh

In Q3 2024, the Cat Tuong Smart City project will complete the M building and hand it over to customers. This also opens up opportunities for residents in the central area of Yen Phong to own or invest in apartments in the sub-2 billion VND segment. With a modern design, the apartments follow the future’s smart home trend, optimizing space while ensuring full functionality, suiting the increasingly limited construction area.

Cat Tuong Group is a pioneer in Bac Ninh in developing small yet fully-equipped apartments. The completed and ongoing projects of the corporation offer apartments ranging from 45sqm to 71sqm, with 2-3 bedrooms and 1-2 bathrooms, providing convenient and comfortable living spaces for residents.