Developing Infrastructure Pulls Long An Closer to Ho Chi Minh City Center
Ho Chi Minh City’s west side, particularly Long An, has never seen such significant investment in transportation infrastructure as it does now. Ben Luc, with its array of roads and highways directly connecting to the city, has become a crucial intersection. The distance between the two shores is shrinking, fostering socio-economic development and shining a spotlight on the real estate landscape adjacent to Ho Chi Minh City.
First and foremost is the vital Luong Hoa-Binh Chanh road with a 60-meter boundary, which has officially begun construction. Upon its completion by the end of 2025, it will take just about five minutes to travel to Ho Chi Minh City, providing direct connections to major routes such as Mai Ba Huong, Thich Thien Hoa, The Lu-Vo Van Kiet extension, Tran Dai Nghia, Provincial Road 10, and Ring Road 3. This forms a perfect regional linkage for the west of Ho Chi Minh City.
Next up is the Ben Luc-Long Thanh expressway, with a total investment of over VND 30,000 billion, which is gradually taking shape and will be open for traffic in October 2024. This infrastructure plays a pivotal role in connecting the East and West, resolving the long-standing traffic congestion issue from Ho Chi Minh City to the Mekong Delta gateway. It also serves as a solid foundation, enhancing the value of adjacent urban areas.
Additionally, numerous billion-dollar roads, including DT830, 823D, National Highway 50B, and National Highway N1, are being upgraded and expanded, providing a boost to the real estate market in the west.
Security and Environment Enhance the West’s Competitive Edge
Recently, Long An’s real estate landscape has witnessed the emergence of well-invested and meticulously designed land projects, prioritizing a quality living environment with prices ranging from VND 3-5 billion per unit. This trend stems from the developers’ focus on sustainable project development, attracting genuine housing demand.
According to Batdongsan.com.vn’s consumer psychology report for Q2 2024, apart from price and location, security and the living environment are crucial factors influencing homebuyers’ decisions.
Security and the living environment are essential considerations in real estate choices, whether for actual residence or investment. Data source: Batdongsan.com.vn
These two factors have led to a noticeable shift in demand towards urban areas adjacent to Ho Chi Minh City. In Long An, several townships with diverse amenities, abundant green spaces, and enriching living experiences are taking shape, reshaping consumers’ perspectives on real estate ownership.
Moreover, the scarcity of land for land development in Ho Chi Minh City, coupled with high prices and low competitiveness, is giving way to advantages for neighboring areas. The convenient connectivity is further encouraging homebuyers to move from Ho Chi Minh City to nearby locations.
A recent market report by Cushman & Wakefield reveals that investors are favoring lower-priced real estate assets with higher liquidity in the face of a challenging and uncertain global economic landscape.
The supply of land in Ho Chi Minh City is decreasing, prompting a shift to neighboring areas for more options and softer prices. Source: Cushman & Wakefield Report
The report also highlights three prominent trends in the residential market that attract buyers’ funds: infrastructure-linked housing development, inclusive communities, and a focus on consumer experiences. These trends are evident in several township projects in Ho Chi Minh City’s west, especially those adjacent to the city.
Eco-Industrial and Eco-Urban Development – Doubling the Advantage
The trend of developing eco-industrial parks alongside residential areas to enhance the quality of life for residents has been a bright spot in modern urban planning.
This approach not only provides a better living environment but also fosters vibrant business opportunities. The prospects for attracting tenants, renting, or commercial activities thus increase in value. The ability to reside and invest long-term is a distinct advantage of townships adjacent to eco-industrial parks. The eco-focus stands out, attracting the market’s attention.
In a recent sharing, the representative of Prodezi, the pioneer in developing the eco-industrial park and eco-township model at the gateway to Ho Chi Minh City’s west, revealed that the 400-hectare Prodezi eco-industrial park, facing the 100-hectare LA Home eco-township, is being expedited and will be operational by 2025. This will act as a magnet, attracting thousands of high-income experts and engineers, along with tens of thousands of workers, instilling confidence in LA Home’s sustainable profitability.
The multi-purpose sports center at LA Sol subdivision will officially open on September 21, 2024.
The LA Sol subdivision, the first to be developed, offers a range of products, including adjacent houses, canal-side villas, and shophouses, serving as the highlight of the LA Home township.
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“Dr. Nguyen Van Dinh: Ha Nam – A Choice for an Elevated, Worthy, Quality and Luxurious Life”
“The Vice President of the Vietnam Real Estate Association asserts that the robust development of transportation infrastructure and tourism services, coupled with competitive property prices, presents a prime opportunity for the real estate market in Ha Nam province to thrive and accelerate in the coming years.”
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