The potential of real estate in the "industrial capital"

According to experts, the industrial real estate segment in Binh Duong has good prospects thanks to the trend of production diversification and foreign direct investment inflows into Vietnam. Satellite areas such as Binh Duong will be a hot spot to attract large investors from Denmark, the Netherlands, Singapore, China, and Japan.

One of the prominent projects in the recent FDI flow into Binh Duong is the Lego Group’s factory construction project with a total investment of more than 1 billion USD. Recently, Pandora Group also announced the construction of a jewelry manufacturing facility with a total investment of about 100 million USD in this province.

According to Binh Duong Department of Planning and Investment, as of end of 1st half 2022, the total newly registered capital, adjusted and contributed capital, bought shares of foreign investors in Binh Duong reached 2.5 billion USD. By field, real estate business ranked second with a total capital of 964.1 million USD, accounting for 38.42% of total registered investment capital. Accumulated up to now, Binh Duong ranks second in the country in terms of attracting foreign investment, just behind Ho Chi Minh City with a total registered investment capital of 39.5 billion USD.

 

 

Binh Duong - a good land to attract foreign investment. Photo: Cen Saigon

In the first 6 months of the year, the province’s socio-economy is recovering strongly and positively month by month and quarter by quarter. Specifically, the economic growth rate (GRDP) in the first quarter was estimated to increase by 5.3%, in the second quarter, it increased by 8.35% over the same period.

Besides, Binh Duong is one of the localities with the highest urbanization rate in the country with three cities of Thu Dau Mot, Thuan An and Di An. In addition, the whole province currently has 48 industrial zones and clusters with a total area of ​​more than 11,000 ha, accounting for a quarter of the industrial park area in the whole South. The increasingly expanding industrial zones bring Binh Duong many development opportunities, and at the same time become a golden coordinate to attract investment and settle down in the southern region.

High-class apartment on the throne

With the characteristics of attracting many international corporations and a large number of immigrants to work in industrial zones, Binh Duong apartment market is increasingly exciting. In particular, the type of high-class apartments serving the needs of residence and rental investment towards foreign experts are always sought after.

Experts explain that in the vicinity of Ho Chi Minh City, Binh Duong has become a "low-lying area" attracting investment capital flows in recent years because of a series of advantages in location, infrastructure, in when real estate prices are much "easier to breathe".

In 2021, Binh Duong’s primary apartment supply is 5% higher than HCMC and 42% more transactions than HCMC. The average selling price of apartments in some areas in Binh Duong ranges from 37-40.8 million VND per m2, lower than the average selling price of Grade C apartments in Thu Duc city (HCMC). ).

In the face of a decline in the supply of primary housing for many years in Ho Chi Minh City, Binh Duong, with its abundant land fund, reasonable selling price and increasingly improved infrastructure, is gradually surpassing the market. traditionally Ho Chi Minh City in terms of both supply and transaction volume.

Realizing this potential, in the past few years, businesses have quietly prepared land funds and entered the market, including the investor C-Holdings with the C-River View project. The project consists of 02 blocks with 29 floors high, providing the market with 632 apartments. This is the second product of C-Holdings deployed in Binh Duong, after the C-Sky View apartment project currently handed over.