The market is booming
Recently, a strong wave of investment has poured into Thanh Hoa. Projects with investment capital of thousands of billions of VND from "big guys" such as Vingroup, Eurowindow Holding, Sun Group, Flamingo, ROX Group (TNG Holdings), Van Phu - Invest... have been continuously exploiting the market. Enterprises have evenly distributed land funds in areas from Thanh Hoa city, Sam Son city, Quang Xuong district, Hoang Hoa district, Thuong Xuan district...
Thanks to well-planned urban projects by large enterprises, Thanh Hoa real estate market has developed rapidly, becoming an attractive destination for investors nationwide.
Recorded at many real estate trading floors in Thanh Hoa, in the first quarter of 2024, the volume of real estate transactions increased by an average of 10% - 20% compared to the same period last year. The land and commercial housing segments have the best liquidity value, with transaction volume increasing by up to 30%..
The price range of land, townhouses, and commercial apartments in Thanh Hoa is currently up to 10% compared to the bottom of the market in 2022 - 2023. Notably, in some localities with tourism advantages such as Sam Son, Hai Tien, or land in the center of Thanh Hoa city, Nghi Son Economic Zone area, land prices have increased sharply, ranging from 15 - 20% compared to the same period last year.
The explanation for these positive signals is due to the local growth rate (GRDP) reaching 13.15%, ranking 3rd in the country. Along with that are the Government's policies to remove difficulties for real estate; local incentive mechanisms and policies and efforts in reforming administrative procedures; perfecting the infrastructure system...
Which segment stands out in the portfolio?
If in the past, the real estate market in Thanh Hoa only had a main supply from the land and auction land segments, then in the past few years, there have been many new product lines appearing to meet diverse needs for housing, commercial business, services, tourism, industry, etc.
In particular, commercial shops stand out in the investment portfolio due to their safety and high profitability. According to experts, this product is easy to buy, sell, and rent, bringing in high revenue, with an exploitation rate of about 10-15%/year. The cash flow that owners get from this type is higher than the efficiency of renting apartments, depositing in banks, and is less risky than gold or stocks. On the other hand, the appeal of commercial shops, especially podium shops, that many investors have to hunt for also comes from the limited quantity, usually accounting for only about 2-5% of the total number of products in the projects.
Adjacent to 3 major roads: Hung Vuong Avenue, Nguyen Hoang Avenue, Hoa Chau Street, near Hong Hac roundabout, the commercial shops at Eurowindow Garden City not only welcome all the available customers of the apartment building and urban area, but are also the busiest commercial gateway in Thanh Hoa.
The shops have a 5-storey structure with flexible areas from 202-405m2, wide and airy facades, and luxurious stone-clad ground floors. The project is also equipped with elevators, stairs, and corridors to each floor, helping customers easily access commerce, shopping, and sightseeing from many directions.
Owners can flexibly exploit all 5 floors, or exploit each floor independently, optimizing the use of space and dynamically implementing many business models such as: F&B, spa, fashion, convenience stores, offices for rent...
Eurowindow Garden City is currently in the final phase of handing over the commercial shop fund with many attractive incentives. Experts assess that now is the golden time for investors to own this product, before the market welcomes a new price increase cycle.
Source: https://eurowindow-holding.com/thanh-hoa-real-estate-changes-tich-cuc
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