The driving force behind the wave of investment pouring into the border city of Mong Cai
Positive results in socio-economic development and flexible open-door policies promoting trade and tourism between Vietnam and China have created momentum for Mong Cai City (Quang Ninh) to break through and become an economic locomotive of the Northern growth triangle.
This is also the time when a massive wave of investment is pouring into the border city, especially with potential projects such as Vinhomes Golden Avenue.
Investment cash flow stop
In the first 6 months of 2024, Mong Cai City recorded remarkable growth. Of which, the production value of economic sectors is estimated at nearly 9,000 billion VND, up 29% over the same period. Total social investment capital increased by 83%; tourists are estimated at 2 million, up 90% over the same period.
Impressive growth figures show the strong transformation of the most vibrant border city in the North. Thanks to that, in recent times, Mong Cai has become a destination for cash flow, not only from local investors but also from neighboring areas.
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| Mong Cai attracts cash flow thanks to the local breakthrough development as well as the appearance of attractive real estate projects. |
“Many investors from Hai Phong and Hanoi who have business relationships in the border area are also constantly hunting for potential real estate products here. They focus on products with full legal documents, projects of reputable investors and especially the ability to liquidate and generate immediate profits,” said Mr. Quang Huy, representative of a real estate company in Mong Cai City.
According to Mr. Huy, most of the searches are aimed at the "new star" of Mong Cai - Vinhomes Golden Avenue urban area. Located at the heart of important traffic routes, such as the Mong Cai - Quang Ninh - Hai Phong - Hanoi expressway, Bac Luan II border gate, Mong Cai International border gate... Vinhomes Golden Avenue possesses a rare advantage in terms of connectivity and trade development between Vietnam and China. Thanks to that, this place is not only a top-class place to live but also a new focal point to welcome a huge flow of business and tourism customers from the two countries. Therefore, in recent times, Vinhomes Golden Avenue has attracted a large number of real buyers as well as investors and businessmen.
Guaranteed profits from internal advantages
The first advantage and also the factor that attracted the attention of the market as soon as Vinhomes Golden Avenue was launched is the reputation of the investor Vinhomes - the leading real estate developer in Vietnam with 30 high-class urban areas across the country. Thanks to the reputation and strong financial potential of the investor, Vinhomes Golden Avenue is known as a project with lightning-fast construction and completion speed with a series of great utilities continuously launched in the past time. Along with that, from June 2024, the first houses have also been handed over to the owners to start a new life in the most livable urban area of Mong Cai.
Similar to other large-scale projects of Vinhomes, the guarantee for the profit potential of Vinhomes Golden Avenue comes from the intrinsic value of the product. The shophouses here are built according to the smart, flexible "2 in 1" model, both for living and business, helping to optimize functionality while still ensuring privacy for each space. At the same time, homeowners can also take advantage of the superior all-in-one utility system and millions of tourists and businessmen "arriving" in Mong Cai every year to develop diverse types of accommodation services combined with business.
In particular, Vinhomes Golden Avenue also owns its own Little Shanghai Chinese Quarter - a unique model that promotes night-time economic activities in the area. Although it has only opened since the beginning of summer, the street has become an indispensable entertainment destination for residents of the urban area and domestic and foreign tourists coming to Mong Cai. This strong internal vitality and unique night-time street model will be the driving force to promote a vibrant business environment and profit potential, increasing the price of shophouses here.
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| Diverse utility ecosystem creates attraction for customers and investors |
Along with the guarantee of steady profits, Vinhomes Golden Avenue is also considered by investors to be a "bite-sized" investment, easy to liquidate thanks to the rare sales policy that Vinhomes is implementing. With policies such as supporting loans up to 70% of the house value, no interest for up to 2 years, customers will no longer worry about floating interest rates, especially in the current period when some banks are preparing to increase interest rates, signaling that the "cheap money" period is about to pass.
In addition, for customers with abundant finances, the early payment incentive of up to 10% and the continued incentive of 11%/year/prepayment cash flow will be an immediate profit. Moreover, that profit is increased thanks to a series of other programs, such as an incentive of up to 7% when moving in early, a discount of up to 1.27% for Vinhomes Elite Club members, free management fee for up to 3 years, free charging for VinFast electric cars for 2 years...
In particular, business or rental customers can participate in the rental commitment program of up to 15% for 3 years. Thanks to that, the initial investment cost is thoroughly optimized, ensuring monthly cash flow for a long time and increasing the profit margin when investing in Vinhomes Golden Avenue products.
With the factors of sure investment, guaranteed by the prestige and superior policies of the investor, Vinhomes Golden Avenue is considered a bright investment in the current period. The opportunity to own "golden" real estate here will gradually narrow when the real estate market is accelerating in a new growth cycle and the laws directly affecting the real estate sector officially take effect from August 1 - a factor that is predicted to cause real estate prices to increase sharply in all segments.
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