Strong internal development
“In the past few months, I have returned to Vinh 3 times to visit my hometown and “listen” to the real estate market, especially townhouses in the central area,” said Mr. Doan Phuc Hau (Hai Ba Trung District, Hanoi). “The economy of Nghe An province and Vinh city is developing rapidly, the standard of living is improving very quickly. This excitement attracts real estate experts from other provinces and cities to research the market. The opportunity to own beautiful real estate in Nghe An, especially townhouses in the center of Vinh, is increasingly rare and attractive.”
The above investor's assessment of the real estate market in Vinh City in particular and Nghe An Province in general is quite similar to the assessment of experts. According to Mr. Nguyen Chi Thanh - Vice President of the Vietnam Real Estate Brokers Association, Vinh City can be seen as a miniature Hanoi, making many people overwhelmed by the hustle and bustle. "In the next period, it is forecasted that real estate prices in Nghe An will increase rapidly, even faster than in large markets such as Hanoi and Ho Chi Minh City," the expert said.
In fact, in recent years, Vinh market has been considered a bright spot in the North Central region. Nghe An province, with Vinh city as its main force, has the 10th highest GRDP in the country. The amount of FDI invested in this area is also in the top 10 in Vietnam. According to the plan, Vinh city will become the commercial center of the North Central region and still has great development potential.
In the near future, Vinh City's infrastructure is expected to flourish strongly when the Hanoi - Vinh high-speed railway is built, connecting the Vinh market with a huge source of customers in Hanoi and the northern provinces.
Central real estate is sought after
Despite its great potential, Vinh City has an area of only 105km2 - equivalent to 1/30 of Hanoi's area. Most of Vinh City's land fund is reserved for public works, education, healthcare, administration, train stations and traditional residential areas. The area for commerce and services in Vinh is mainly concentrated around Quang Trung and Hong Bang streets. This "golden quadrangle" is considered the Old Quarter of Vinh - where most of the shopping and entertainment needs of residents and all visitors to Vinh City are met. Famous landmarks such as Vinh Market, Ho Chi Minh Square, Vinh Train Station, Provincial People's Committee... are all directly connected to the "golden quadrangle" of Quang Trung and Hong Bang. Owning a house in this area is considered a desirable heirloom treasure for many investors.
Therefore, information about Vinhomes-branded shophouses that are about to be opened for sale in the center of Vinh is a topic of particular interest not only to city residents but also to real estate experts in the Northern region.
The Vincom Shophouse Diamond Legacy project is under construction on Quang Trung and Hong Bang streets. This complex is designed to include the 36-storey 5-star Sheraton Vinpearl Hotel Complex, the 5-storey Vincom Plaza shopping mall, a luxury apartment tower and a complex of 61 Vincom shophouses. This is Vinhomes' classic formula for success - combining a shopping mall, hotel and luxury apartments, attracting a huge number of visitors and shoppers for the limited shophouse fund. Currently, Vinhomes Shophouse Diamond Legacy has basically completed construction and continues to decorate the landscape, ready to welcome residents to receive their homes and operate their businesses.
Investor Doan Phuc Hau commented: “The golden land fund of Vinh City is almost only this area, the profit potential is quite clear. In addition, with the well-built and synchronous infrastructure, when big brands come to Vinh City, they will prioritize Vinhomes-branded shophouses to rent for headquarters and business stores. Owning a shophouse here is truly a valuable asset.”
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