Long An real estate market is heating up day by day

Demand is back

According to Batdongsan.com.vn's August 2023 real estate market data, the market in the provinces surrounding Ho Chi Minh City is quite active. The supply and demand for real estate in the provinces surrounding the city have both improved compared to the previous period.

In particular, Long An is assessed to have the best recovery rate. In all types of real estate in this market, demand for purchase has recovered better than other localities.

Specifically, the demand for real estate in Long An in the past 2 months has continuously increased in both the number of listings and the number of searches. In August 2023 alone, the number of listings for real estate in Long An increased by 8%, the demand for buying increased by 4% compared to July. Meanwhile, the demand for buying real estate in Binh Duong increased by only 3%, Dong Nai increased by 2%, Binh Thuan decreased by 3%, Lam Dong decreased by 8%, Ba Ria - Vung Tau decreased by 1%.

Long An real estate has a clear prominence with the number of listings and level of interest increasing continuously.

Looking at each segment separately, the number of Long An apartment listings in August 2023 increased by 35%, and search demand increased by 16%. The demand for buying villas and townhouses in this market increased only slightly by 1.6% in August. However, in the previous month, the demand for buying in this type increased by 13%.

Similarly, in the land category, the number of ads for sale in Long An increased by 21%, and the demand for buying also increased by 4% in August 2023. In the previous July, the number of searches for land in Long An also recorded an increase of 4%.

In particular, real estate listings and interest in real estate in districts and cities in Long An have increased significantly. In Tan An City alone, the number of real estate listings increased by nearly 30%. This is also the locality that recorded the strongest increase in interest in searching for real estate in Long An province, with more than 8% in August and 12% in July.

For apartments, the demand for buying in this market was continuous in July and August, concentrated in Ben Luc district because this is the only market with high-rise projects for sale recently.

Potential market in recovery phase

In the current period, Long An province is focusing on investing in construction, completing the criteria for upgrading existing urban areas and forming and developing new urban areas in the direction of modernity, greenness, intelligence, and rich identity.

According to the approved planning for the 2021-2030 period, with a vision to 2050, Long An strives to have 27 urban areas in the province by 2030, including type 1 urban area, Tan An city; type 2 urban area, Kien Tuong town; 3 type 3 urban areas, Ben Luc, Can Giuoc, Duc Hoa; 9 type 4 urban areas and 13 type 5 urban areas.

Among them, Tan An city plays the role of a modern, high-tech industrial, service and commercial center of the Northeast of the Mekong Delta, a gateway city between the Southeast and the Mekong Delta. Duc Hoa, Ben Luc and Can Giuoc are satellite cities, playing a role in reducing the pressure on population, social infrastructure and technical infrastructure for Ho Chi Minh City.

Long An is an investment destination with sustainable development planning.

From now until 2030, urban areas in Long An province will develop sustainably according to the goal, accelerate the speed and improve the quality of urbanization, develop sustainable urban areas according to the network, and form a number of smart dynamic urban areas connecting with the region, the whole country and the world.

With a clear development orientation, Long An has become one of the bustling real estate markets in the Southern region, attracting many people's attention.

Talking about this market, Mr. Dinh Minh Tuan, Director of Batdongsan.com.vn in the Southern region, said that Long An real estate is hitting the demand of real estate buyers and investors with moderate financial flows. This is the main purchasing power group of the real estate market at this stage.

Land in Long An has the advantage of being "softer" in price compared to markets around Ho Chi Minh City, fluctuating in the price range of 8 - 23 million VND/m2, apartments are only around 1 billion VND/unit, suitable for buying to live and investing in renting because there are many large industrial parks being deployed here.

Long An land prices are quite competitive compared to the general market level.

Even the price of townhouses in Long An is only from 4.5 to 8 billion VND/unit. Luxury villas with river views also range from 18 to 40 billion VND/unit. This is only half the price of this type of property in Binh Duong and Dong Nai.

“Even in the cold or hot market period, Long An real estate prices rarely increase or decrease dramatically, or cut losses, but always remain stable thanks to the majority of buying demand being long-term investment, with little speculation. The increase in Long An real estate prices is based on the growth in buying demand and changes in local infrastructure and economy,” Mr. Dinh Minh Tuan shared.

Source: https://www.congluan.vn/thi-truong-bat-dong-san-long-an-dang-nong-len-tung-ngay-post266519.html