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Real estate investors flock to Thanh Hoa

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Expected to become a pole in the Northern “development quadrangle”, Thanh Hoa is welcoming a wave of investors looking for opportunities in well-planned projects.

Recently, Thanh Hoa has become a rendezvous for resort and housing real estate businesses… Typically, Vingroup pioneers with an ecosystem of brands such as Vinhomes, Vinpearl, Vinschool… and the future is VinFast to the land of Thanh. Marking for the appearance of Vinhomes is the 148ha Vinhomes Star City urban area, located in the center of Thanh Hoa province. The all-in-one utility system, quality living environment, ecological space blending with European standard architecture are the highlights of this project. In addition, a series of other names such as Sungroup, T&T, Erowindow, Flamingo launched projects, bringing excitement to the Thanh real estate market.

The appearance of real estate giants in Thanh Hoa drew the attention of secondary investors in the market. The effect is that real estate prices have skyrocketed at times. Data from the Vietnam Real Estate Brokers Association shows that in the early part of 2021, the price of land plots in many areas in this province has increased by 40-60% compared to the end of 2020.

Vinhomes Star City – project with synchronous planning, full utilities in Thanh Hoa. Photo: V.S.C

Ms. Minh Hoa, an investor, said: “It is not by chance that leading enterprises have entered Thanh Hoa. That makes me and many friends trust me to put down money. I believe in the coming time real estate prices It continues to grow here.”

Anh Quoc Linh, a consultant of a sales agent emphasized, the plus point of many projects in Thanh Hoa area is the open space, affordable price, and unique design. “A typical example is Vinhomes Star City. This European-style urban area has won the hearts of many customers. Many investors from Hanoi, Ho Chi Minh City and a number of other provinces have embraced in the projects. the first time to open for sale to resell and make a profit”.

Due to the fear of falling into a virtual land fever spiral, instead of buying land, many investors turn to well-planned and synchronous projects from reputable investors. Products of leading brands like Vinhomes are the preferred choice of many people.

Benefit from the wave of FDI investment

With the advantage of being a bridge between the North and the Central region, 43 traffic infrastructure projects completed between now and 2025, Thanh Hoa is expected to narrow the gap with major economic locomotives. In the future, this locality will also be a pole of the Northern “development quadrangle”, along with Hanoi, Hai Phong and Quang Ninh. Currently, the travel time from Thanh Hoa to Hanoi capital is shortened to more than 2 hours. With the presence of domestic and international “eagles”, Thanh’s economy is forecasted to grow strongly.

The appearance of Thanh Hoa city.  Photo: VHT

The appearance of Thanh Hoa city. Photo: V.H.T

The list of investors in Thanh Hoa is continuously adding the world’s top names. 3 locations in Thanh Hoa province have been “in the sights” of Foxconn Group to set up production plants. Steps to promote investment procedures have been carried out, with the total investment expected to reach 1.3 billion USD, employing about 100,000 -150,000 employees.

In March this year, WHA Industrial Development PLC (Thailand) also asked to invest in two industrial park infrastructure projects with a scale of hundreds of hectares in Nghi Son Economic Zone and Hoang Hoa district, worth more than 330 million USD. Previously, in June last year, Milennium Energy (USA) also registered an investment project to build a liquefied gas power plant with a capital scale of up to 5 billion USD.

To welcome the “eagle”, Thanh Hoa has prepared Nghi Son economic zone and 8 industrial parks in operation. According to the planning from now to 2030, with a vision to 2045, this province will develop more Na Meo economic border gate in Quan Son district, two urban industrial and service zones in the west and north of Thanh Hoa.

In the past 5 years, Thanh Hoa has attracted more than 1,000 direct projects with a total registered capital of more than 114,000 billion VND. As a result, the industrial real estate segment promises a lot of development potential. According to some experts, this expectation is completely justified, with many industrial parks having occupancy rates between 90 and 100%.

Hoai Phong

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