Connecting to Ho Chi Minh City, what are the opportunities for real estate in the surrounding areas?

According to the latest data from Batdongsan, after the Tet holiday, interest in real estate has increased again. Since the second day of Tet, the number of real estate searches nationwide has increased sharply and maintained the upward trend, increasing by 124% by the 10th day of Tet compared to a week before Tet. In January this year, the demand for real estate for sale nationwide increased by 66% compared to the same period in 2023, and the number of real estate listings also increased by 52%.

As the real estate market gradually "warms up" again, brokers, trading floors and investors are quickly launching business campaigns to take advantage of the return of buyers. Positive signals have begun to appear in the areas surrounding Ho Chi Minh City, which are witnessing a push in infrastructure development, especially the routes connecting to Ho Chi Minh City, the Southwest and Southeast regions...

Duc Hoa District - Long An inherits the utilities of the West of Ho Chi Minh City

In Long An - a locality bordering Ho Chi Minh City, the gateway connecting the two key economic regions of the East and Southwest. Data from Batdongsan shows that in the last month of 2023, the number of real estate listings in Long An increased by 28% compared to November, and the demand for real estate also increased by 8%.

Many investors have made business plans and announced project information to the market. For example, LA Home Urban Area (Luong Hoa, Ben Luc) of Prodezi Long An, Eco Retreat Urban Area (Thanh Phu, Ben Luc) of Ecopark, and Hau Nghia - Duc Hoa Urban Area (Duc Hoa) of Vinhomes... These projects have a scale of 100 to 200 hectares, are well-planned and have a diverse product structure, and at the same time anticipate the growth potential of this locality.

Ring Road 3 has 7 km through Long An, in Ring Road 4 area there are more than 70 km

Graphics: Khanh Hoang

In the long term, Long An remains a potential investment market, thanks to the momentum of synchronous infrastructure and increasingly better connections with Ho Chi Minh City and neighboring areas, along with the development of the industrial sector. The province has continuously invested in expanding and upgrading important provincial and national highways and devoted many resources to completing 6 economic development axes, including Ring Road 3 - Ring Road 4 of Ho Chi Minh City, National Highway 50B, parallel to National Highway 62, My Quy Tay - Luong Hoa - Binh Chanh, National Highway N1, Duc Hoa... Long An has also increased the attraction of foreign investment capital to develop large-scale industrial parks. With a vision to 2050, Long An is expected to become the leading industrial province in the country, playing an important role in the economic growth pole of the Mekong Delta region.

To meet the diverse needs of buyers, Long An has developed a variety of product types, not only individual land projects but also luxury apartment and villa segments. Townhouse and villa products in Long An have the advantage of "softer" prices compared to neighboring markets of Ho Chi Minh City, attracting both local residents and customers from Ho Chi Minh City and neighboring provinces to buy or invest in rental. Specifically, the price of a house in Long An is about 8.6 billion VND, according to Batdongsan, while in Dong Nai it can be up to 62.2 billion VND per house, Ho Chi Minh City is about 61.1 billion VND, and Binh Duong reaches 14.8 billion VND.

In the long term, the Long An market has an advantage over other areas thanks to its stability, sustainability and suitable supply. In the context of real estate investment psychology not really recovering, any market that ensures liquidity safety as well as price stability will be the priority choice of real buyers and investors.

Many real estate experts believe that the real estate market has passed its most difficult period and the first quarter of 2023 may be the "bottom" of the real estate market. "The level of difficulty tends to decrease over time, each month is better than the previous month, each quarter is better than the previous quarter, clearly shown in the real estate market in Ho Chi Minh City", said a representative of the Department of Housing and Real Estate Market Management, Ministry of Construction.

Looking at the market outlook in the coming time, a representative of CBRE Vietnam said: "Interest rates are tending to stabilize again, while policy and legal factors are in the process of being revised and approved, ensuring consistency and unity will contribute to improving market confidence, thereby helping the market recover this year."

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