As a province with a strategic location near seaports, airports and the logistics center of the Southern Key Economic Zone, Binh Duong has 29 industrial parks, totaling 12,600 hectares with an occupancy rate of up to 91%. The province is also planning 15 more industrial parks with a total area of 10,200 hectares, to meet the requirements of attracting and arranging investment projects.
Thanks to that, by the end of November 2023, Binh Duong had attracted nearly 1.5 billion USD, including 127 new projects, 37 projects with increased capital and 138 projects contributing capital to buy shares. In the first 11 months of the year, the whole province had 4,211 investment projects from 65 countries and territories with a total registered capital of more than 40.3 billion USD.
With the above figures, Binh Duong is ranked second in the country in attracting foreign investment capital, just behind Ho Chi Minh City. This province has also been strengthening cooperation with large global corporations such as Warburg Pincus, Sembcorp, Tokyu, CapitaLand Development, Aeon... to develop industrial, commercial, service and especially real estate projects.
Binh Duong continues to strongly develop industrial parks as a premise to promote the development of other industries.
Along with the increasing FDI projects, Binh Duong real estate market is also developing with the increasing demand for housing for foreign experts and managers. At the same time, the number of highly skilled domestic workers working in industrial parks is also a potential customer for real estate projects.
Statistics also show that the real estate business sector also recorded positive development, with a total registered investment capital of 641.1 million USD, accounting for 39.49% of the total registered investment capital during this period.
For example, recently, a Singaporean corporation also completed an M&A deal to develop a smart city with an investment capital of more than 500 million USD deployed in Binh Duong New City. The scale and implementation results of the entire transferred project are 18.9 hectares, including a total of 462 low-rise villas and about 3,300 apartments. This smart city project will provide about 3,700 apartments for about 12,500 residents.
Many apartment projects are also developed in sync with industrial parks.
In addition, there are a series of other projects being developed near Binh Duong's industrial parks, most of which are projects of domestic investors with mid-range prices, suitable for many customers. Thanks to that, some markets such as Di An and Thuan An also attract a large number of customers from Ho Chi Minh City to look for affordable real estate.
According to experts, the development of the real estate market in Binh Duong will continue to benefit in the future thanks to the continued increase in FDI capital and the strong development of transport infrastructure. It is known that Binh Duong province is currently focusing on implementing projects such as Ring Road 3, Ring Road 4 of Ho Chi Minh City, Ho Chi Minh City - Chon Thanh Expressway, Bach Dang 2 Bridge connecting Binh Duong and Dong Nai, expanding National Highway 13, completing the My Phuoc - Tan Van - Ben Cat - Bau Bang boulevard axis...
With the completion of traffic infrastructure in the near future, Binh Duong will become a satellite real estate market of Ho Chi Minh City and will become the focus of many investors in the coming period.
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