(CLO) In recent years, Vietnam's infrastructure has recorded many important steps forward, with a series of large-scale transportation projects being implemented, opening up new potential opportunities for the real estate market.
Vietnam infrastructure "explosion"
Recently, Vietnam has been accelerating the process of infrastructure development. With the goal of completing 3,000 km of highways by 2025, projects such as the North-South Expressway, the expressway connecting the Eastern and Southwestern regions, and the routes connecting the Northwest and Central Highlands regions are being vigorously implemented.
Vietnam's infrastructure has recorded many important advances. (Photo: The Anh)
Not only that, the transport industry expects that by 2030 the total length of Vietnam's highways will reach 5,000 km, compared to just over 1,000 km in 2020.
According to Savills Vietnam, these routes not only improve regional connectivity but also increase real estate value along key routes.
Ms. Huynh Thi Kim Thanh, Manager of Savills Vietnam Investment Consulting Department, commented: Large infrastructure projects such as the North-South Expressway not only improve regional connectivity but also bring great added value to neighboring areas, opening up real estate investment opportunities in new destinations.
For example, in Thu Thiem, Ho Chi Minh City, it has emerged as a new urban development center with important infrastructure connection projects such as Thu Thiem Bridge 1, 2, and Thu Thiem Tunnel.
In the future, this area will have more Thu Thiem pedestrian bridge, Thu Thiem 3 bridge connecting District 4 and Thu Thiem 4 bridge connecting with District 7. In addition, metro line 2 phase 2 also contributes to completing the area's traffic infrastructure.
“This area is recording strong growth in real estate value and becoming an ideal destination for Grade A office projects, commercial complexes and luxury apartments,” said Ms. Kinh Thanh.
Real estate market benefits from infrastructure
With the strong development of infrastructure, a series of large real estate projects are also taking advantage of infrastructure development to create competitive advantages.
For example, Xuan Que - Song Nhan and Cam Lien industrial parks are benefiting from infrastructure development, thanks to their strategic locations near major projects such as the North-South Expressway and Long Thanh International Airport, helping to enhance traffic connectivity, attract international investment, and meet the trend of sustainable development with modern green infrastructure.
“Synchronous infrastructure not only brings real value to real estate projects but also helps Vietnam become a more attractive destination in the eyes of international investors,” Ms. Thanh shared.
Real estate benefits from infrastructure. (Photo: ST)
The boom in infrastructure projects not only creates immediate positive changes but also lays the foundation for long-term development of Vietnam's real estate market.
Suburban areas and neighboring provinces are expected to become hot spots for investment in the coming years. Major projects such as Long Thanh International Airport and metro lines will create new opportunities not only for the real estate market but also for the entire economy.
Savills Vietnam Investment Consulting Manager believes that in the future, the combination of modern infrastructure and high-quality real estate projects will help Vietnam improve its position in the regional and international markets.
“Projects such as Long Thanh International Airport, the North-South Expressway or metro lines in Ho Chi Minh City and Hanoi are not only symbols of development but also driving forces for sustainable economic and real estate growth,” said Ms. Thanh.
2024 is considered an important milestone in Vietnam's infrastructure development, opening up great opportunities for real estate investors. With support from the government and interest from international developers, the Vietnamese real estate market promises to continue to grow strongly, creating new breakthroughs in the future.
Source: https://www.congluan.vn/thi-truong-bat-dong-san-viet-nam-dang-huong-loi-tu-ha-tang-post331689.html
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