Market research data from Batdongsan.com.vn shows that the Long An real estate market has recorded several positive signals in demand due to infrastructure “waves” and the movements of major corporations.
Specifically, in March 2024, the number of real estate listings in Long An increased by 91% compared to the previous month. The demand for searching for real estate in Long An also increased by 88%. Among them, the areas with the strongest growth in real estate search volume in Long An last month were Duc Hoa, Can Giuoc, Chau Thanh, Ben Luc, and Can Duoc districts.
Real estate searches in Duc Hoa increased by 101%, Can Duoc district by 96%, Chau Thanh district by 99%, and Can Giuộc district by 97%. Besides that, the demand for searching for real estate in other districts such as Ben Luc, Thu Thua, and Tan An City also increased from 67-80% compared to the previous month of February.
Also in March, the Long An real estate market recorded a strong recovery trend in the two segments: project land and Long An apartments. These are currently the two segments leading in demand for real estate in Long An, followed by townhouses and subdivided land.
According to data from Batdongsan.com.vn, the number of searches for land in Long An increased by 109%, while the demand for searching for apartments in Long An also increased by 110% compared to the previous month. Currently, apartments are the most popular product in Long An, second only to land.
While Can Giuoc and Chau Duc are witnessing strong interest in the land segment, the demand for apartments and villas is still concentrated in Ben Luc and Duc Hoa areas. Last month, land prices in Long An remained stable. Products offered on the market range from 12-23 million VND/m2. Meanwhile, apartments still maintain the price range of 21-24 million VND/m2.
Recently, several “giant” real estate projects in Long An have gradually emerged, including Vinhomes, which owns the new urban area project Hau Nghia – Duc Hoa in Hau Nghia town, Duc Lap Thuong commune, and Tan My commune, Duc Hoa.
The new urban area Hau Nghia – Duc Hoa covers an area of about 197.2 hectares, with an expected population of 40,000 people. The investment scale includes villas, townhouses, apartments, resettlement land, social housing; technical infrastructure works.
Besides that, Vinhomes is also targeting the new urban area project Tan My with a total area of 930.89ha in Tan My commune, Duc Hoa district, with a total investment of over 74,400 billion VND and Phuoc Vinh Tay urban area project, Can Giuoc district. The project is located in the North of Long An and the Western gateway of Ho Chi Minh City. This urban area covers an area of nearly 1,090 ha, with a total investment capital of 80,000 billion VND.
In fact, it is not coincidental that real estate giants choose Long An as their “destination.” Bordering Ho Chi Minh City for 70km, Long An is considered a “buffer zone” connecting Ho Chi Minh City with the Mekong Delta region. This is a place that gathers a lot of potential for development, including real estate. However, for many years, this potential has been “overlooked” due to inadequate infrastructure. Until now, Long An has truly received attention thanks to a series of moves by large enterprises and well-invested transportation infrastructure projects.
In a recent interview, Mr. Truong Van Liep, Director of the Department of Planning and Investment of Long An province, said that over the past period, Long An province has achieved many outstanding results in socio-economic development. The economic scale ranked first in the Mekong Delta region, accounting for over 13% of the region’s total scale; the economic structure has shifted rapidly and made breakthroughs in the industrial sector. To create a foundation for implementing these goals, the province is focusing on completing a series of key traffic projects and synchronously investing in inter-regional traffic projects connecting provinces and cities in the Mekong Delta with Ho Chi Minh City and provinces and cities in the Southeastern region. At the same time, it ensures seamless connectivity between localities within the province to facilitate access and facilitate trade exchange, import and export for businesses investing in Long An, thereby shortening time, reducing costs, and increasing competitiveness.
