Thanks to the synchronously invested infrastructure, real estate in the Central region is considered to have a lot of room for growth, attracting large investment capital flows.
The Central region is likened to a pole connecting the North and South, an important “blood vessel” on the transnational traffic axis. With the promotion of infrastructure investment, the traffic bottlenecks through the Central region and the whole country have been gradually removed, creating momentum for many economic sectors to develop, including real estate.
Leverage from infrastructure
In the Central region, the dangerous passes are gradually conquered, creating an imprint of the traffic infrastructure such as Deo Ca road tunnel, Cu Mong pass road tunnel… Tunnel works are connected and synchronized with other roads. The East-West economic corridor, the coastal route, and the North-South expressway are being built and continue to open up many opportunities for the Central region to connect, trade and engage in economic activities.
Regarding the road routes, besides the existing National Highway 1, the Da Nang – Quang Ngai Expressway has created a driving force for the development of Da Nang, Quang Nam, and Quang Ngai. The Da Nang – Quang Ngai Expressway connects Chu Lai Open Economic Zone, Dung Quat Economic Zone and Da Nang’s industrial parks; Expressway La Son (Thua Thien Hue) – Tuy Loan (Da Nang) is also about to be put into use.
Besides, the Central region has North-South expressway PPP projects such as National Highway 45 – Nghi Son, Nghi Son – Dien Chau, Dien Chau – Bai Vot, Nha Trang – Cam Lam and Cam Lam – Vinh Hao. These projects are being promoted to meet the goal of completing 11 component projects of the East North-South Expressway Construction Project in the period 2017-2020 by 2023.
Three component projects of the North-South Expressway in the East including Mai Son – National Highway 45, Vinh Hao – Phan Thiet and Phan Thiet – Dau Giay have also been converted from PPP to public investment form and have been started. construction work. The central provinces will also benefit directly from the arterial highway – a component project of the North-South expressway with a length of more than 650km.
By air, in the North Central region, Thanh Hoa has Tho Xuan airport planned to become an international airport. Nghe An owns Vinh international airport, Quang Binh has Dong Hoi airport, Thua Thien Hue has Phu Bai airport.
Similarly, the South Central region (from Da Nang to Phu Yen) has formed a network of airports in 8 localities, including Da Nang, Chu Lai (Quang Nam), Quy Nhon (Binh Dinh), Tuy Nhon Hoa (Phu Yen), Cam Ranh (Khanh Hoa)… While the Central Highlands region has three airports: Pleiku (Gia Lai), Buon Ma Thuot (Dak Lak) and Lien Khuong (Lam Dong).
With the number of airports, seaports and highways being promoted in the next 5 years, the Central region will be the area with the densest and most synchronous traffic density in the country.
Motivation for real estate development
Positive information from the improvement of transport infrastructure, along with the focus on forming and developing centers of sea tourism, resort, history, special thematic tourist routes… making the Central – Central Highlands region attract investors to awaken the potential.
Specifically, Thanh Hoa and Nghe An are two localities with effective investment attraction policies, attracting big real estate brands. In 2020, despite difficulties, there are still thousands of successful transactions in each of these localities, according to the Vietnam Real Estate Brokers Association.
In Da Nang, the bright spot for real estate is the fact that the local government has a view to accompany businesses to remove difficulties for development. With a lot of potential, Da Nang is interested by many investors and chooses to put down money.
In Nha Trang – Khanh Hoa, projects located in areas with development planning, high potential, have been invested in basic infrastructure, are interested by customers and investors such as the southwest area. and North of Nha Trang City, North Van Phong, Cam Lam…
Meanwhile, with many advantages in economy, tourism, community culture, accompanied by abundant land fund, cheap land price, high profitability…, real estate in the Central Highlands is growing day by day. more attractive to investors. The market appeared a series of large urban projects, hitting the tastes of buyers. According to the Vietnam Real Estate Brokers Association, the line of high-end real estate, with many utilities, is always in an expensive state. The absorption rate of these projects is around 70-80%.
According to experts, for each locality, the development conditions and potential for real estate breakthrough are different. How to identify opportunities in this large area is the question that will be answered in the seminar “Infrastructure enables real estate in Central Vietnam to take off”. The talk is part of the talkshow series “Investment in suburban real estate”. VnExpress and co-hosted by TNR.
Reputable experts who will participate in the discussion include Dr. Vo Tri Thanh – Former Deputy Director of the Central Institute for Economic Management, Mr. Tran Ngoc Chinh – Chairman of the Vietnam Association for Urban Planning and Development. Nam and Mr. Nguyen Manh Cuong – Deputy General Director of Resort Real Estate, TNR Holdings Vietnam.
Broadcasts on the platforms of VnExpress at 2:30 p.m. on September 30.