Central Coast Real Estate “Follows the Wave” of Growth Thanks to Investment Gap
The wave of real estate investment in the context of fluctuations tends to flow to coastal cities in the Central region, especially Quy Nhon (Binh Dinh), where there are many advantages but it is not yet "time" to jump to become a "hot spot".
In the context of many fluctuations, especially when the US has just announced a reciprocal tax rate for Vietnam of up to 46%, investors need to carefully consider the channels before investing. However, the real estate market is still on the path of sustainable recovery with many positive signs. This stability comes from the government's support policies, the "internal" resilience of localities and new supply from a series of projects under implementation, close to actual demand.
Central Coast has a lot of room to become an investment "valley"
In recent years, the coastal cities of the Central region have received much attention from both the real estate industry and the government as there are more and more policies to boost the socio-economic foundation in general and the real estate market in particular. This is an advantage for investors who are “far-sighted”, catching the market wave and turning it into a golden opportunity with great potential for price increases in the future.
Compared to other real estate “hot spots” today, “quiet areas”, also known as “wave foot” real estate with prices ranging from mid-range to below, are considered to have a lot of potential waiting to be exploited. For example, Quy Nhon (Binh Dinh), which is being embellished with many advantages from infrastructure, market to preferential policies with 5 “golden pillars”.
Quy Nhon Iconic aims to become a model urban area, contributing to upgrading the landscape with many valuable growth factors. Source: Realty Holdings. |
Firstly , Quy Nhon owns a large clean land fund, creating favorable conditions for investors. Urban supply is expanding to the suburbs, especially the northern areas such as Phuoc Thuan, Tuy Phuoc with the airy Ha Thanh River, suitable for urban development, services and providing an ideal living environment.
Second , the transport infrastructure is increasingly complete, connecting conveniently to the center and neighboring industrial parks. The urbanization rate will reach 46% in 2024, aiming for 50% in 2025 with 22 urban areas, creating leverage for real estate development.
Third , Binh Dinh's economy continues to grow strongly with GDP reaching 7.76% in 2025. The PCI index reached 66.65 points, ranking 3rd in the region - showing an attractive investment environment.
Fourth , the province promotes technology development, aiming to become a regional "tech-hub", contributing to attracting quality human resources and promoting the digital economy.
Finally , the price factor. Existing real estate projects in Quy Nhon are currently priced at an ideal level of only 29 million VND/m2 [1] , ideal for investors looking for a place to settle down, keep capital for a long time, pass it on to children, parents or save it.
Riverside villas, shophouses and land are real estate products worth considering when choosing an investment channel in Quy Nhon, where 5 "pillars" converge to guarantee value. Source: Realty Holdings. |
Maximize profits with “affordable” but “not cheap” real estate
In the investment world, price is always one of the main pillars that determine the profit for investors. The reason why Quy Nhon is more attractive than ever is not only due to the visible “surface” factors such as infrastructure, policies, land fund, economy or urbanization. The rest of the “HUU iceberg” lies in the average price of projects here.
With a price of about 29 million VND/m2, the figure was seen in "huge" projects in the "golden valley" of Thu Thiem 5-10 years ago. This somewhat evokes a familiar feeling when at that time, this area was considered a "cold zone".
Specifically, Sala [2] in 2015 cost about 45 million VND, while it increased by approximately 180 million VND after 6 years (an increase of nearly 120%). Leaving the core area of the city, Nhon Trach [3] also demonstrated the far-sighted vision of investors when it cost only a few million VND/m2 in the period 2010-2012, and nearly reached 50-60 million VND/m2 after 10 years. Currently, many investors find it difficult to reach.
Another important factor that makes Quy Nhon considered a “shoreline real estate” market is the price of 29 million VND/m2, which is very cheap and easy to own compared to the general real estate market in other coastal cities such as Nha Trang, Da Nang, etc. This shows that the room for real estate price increase here is very large, when infrastructure and urbanization continue to be promoted in the coming time.
One of the typical projects with a model urban orientation that brings priceless happiness to the owner - Quy Nhon Iconic, with many potentials to bring long-term profits, worthy of considering investment for the future.
The project price is only from 25 million/m2 with traditional special products such as land, townhouses, shophouses and riverside villas, helping the project to rise in the eyes of investors. Quy Nhon Iconic is also the only project within a 10km radius from the center that has separated the certificate, completed legal procedures and planned utilities. The rest of the projects have almost no certificates or only a few places have certificates and do not come with utilities. [4]
Selling price, distance and legality of some projects in Quy Nhon. Source: Batdongsan.com |
The investor also offers a flexible payment policy in addition to the "dream" price. Realty Holdings - the project developer, prioritizes customers to pay 10% in advance when signing the contract, receiving the red book upon completing the transaction. At the same time, banking partners also support loans up to 70%, and receive 5% in advance when signing the contract. Depending on each need, the investor also flexibly changes the support policy such as quick payment of 95% receiving a 12% discount, installment payment of 5% each time with a 3% discount, or a 24-month payment plan with only 2% each time, helping to reduce financial pressure.
With the above advantages and reasonable price, Quy Nhon Iconic is a model urban area worthy of investment with long-term and sustainable profit potential.
[1] Slide 30 - According to Batdongsan.com.vn "Panorama of Quy Nhon real estate and surrounding areas"
[4] According to Batdongsan.com.vn - "Currently, the supply of urban areas in Quy Nhon is gradually expanding to central areas"
Source: https://baobinhdinh.vn/viewer.aspx?macm=5&macmp=5&mabb=354104
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