Many experts are optimistic about the prospect of recovery of southern coastal real estate when Covid-19 is under control.
This assessment has a basis when real estate is still one of the leading investment channels today. According to the survey of VnExpress Regarding the investment channel of interest, which lasted for a week until June 28, 32% of the total nearly 72,000 readers said they were interested in real estate, the second most attractive channel after securities.
According to experts, coastal real estate is likely to attract more investors thanks to its inherent advantages in natural landscapes, tourism exploitation potential as well as the ability to increase value. In the southern region, new land, where the coast is pristine, the climate is fresh and there is not too much competition, there are still many land funds for investors to exploit.
In addition, Covid-19 is also creating a change in travel trends, restricting the use of public transport such as planes, buses, trains and increasing the use of personal vehicles. The change in mobility is leading to a change in investment trends, towards markets where Saigon and Hanoi investors can easily access by personal means within 1-2 hours of ascending the throne.
Dr. Tran Nguyen Minh Hai (Ho Chi Minh City Banking University) said that the demand for property ownership around Saigon about 1-2 hours away by personal vehicle exploded after the Covid-19 epidemic. With this trend, Saigon investors have 2 options: real estate in the inner city and real estate in the vicinity.
However, the real estate segment in the inner city of Saigon has been in short supply for the past 3 years, and house prices have increased due to legal difficulties. Therefore, investors began to turn to satellite real estate, especially the land of the sea in Ho Tram, Binh Thuan, which is considered attractive.
This product line is popular because it possesses many advantages such as investors can use it to live, do commercial business, relax whenever they want, easy to manage, and earn profits. The projects with long-term legal ownership, the more accurate the customer’s real ownership mentality, “said Dr. Minh Hai.
Sharing the same view, Ms. Duong Thuy Dung – Senior Director of CBRE Vietnam said that with the current market situation, at least in the next 5 years, markets in the vicinity of Saigon such as La Gi, Mui Ne (Binh Binh) Thuan), Ho Tram (Ba Ria – Vung Tau) will lead the southern real estate market… Not only owning advantages: ownership, business, real profit, becoming a space to avoid the epidemic, the Markets such as La Gi, Mui Ne, and Ho Tram also have a lot of potential for price increases with the infrastructure system being completed synchronously.
Specifically, in January, Long Thanh International Airport with a capacity of 100 million passengers per year started construction. This is the driving force for the coastal resort axis including Ho Tram, La Gi, Ke Ga, Mui Ne, and Phan Thiet. In addition, in early 2021, Phan Thiet airport also started construction, expected to be completed in 2023.
According to experts, the completion of Long Thanh and Phan Thiet airports will bring tens of millions of international and northern tourists to the resort axis that has a lot of potential with beautiful beaches but is blocked by tourists from the North. and neglected by international visitors, due to airport and highway traffic restrictions.
In addition, by the end of 2020, the Dau Giay – Phan Thiet expressway will also be deployed. The completed expressway will help Saigon tourists reach Phan Thiet in 2 hours, and Lagi in 1.5 hours.
According to Ms. Duong Thuy Dung, with the push of infrastructure, La Gi market (Binh Thuan) is assessed to attract cash flow of Saigon investors in the next 3 years. This locality is identified as the center of enjoying the power of infrastructure in the circle with endpoints such as Long Thanh airport, Phan Thiet airport, Dau Giay – Phan Thiet highway. This area still has a route to the city according to the planning of Binh Thuan, the price level of coastal products and can be owned for a long time is still soft.
“Two product lines that are evaluated to attract customers in the next 3 years in Lagi are beach resort real estate and commercial real estate, in well-planned coastal commercial complexes with long-term legal status. “, said Mrs. Dung.