Why is Binh Duong real estate so attractive?

DNVN - In the context of the fluctuating real estate market in the South, Binh Duong has emerged as a bright spot with impressive growth in interest and stable selling prices. It is predicted that real estate interest in this province will increase by 32% in the third quarter of 2024 compared to the same period last year...

One of the main factors driving the development of the Binh Duong market is the real housing demand. The high immigration rate, accounting for 26.4%, has made Binh Duong the province with the second largest immigration rate in the country. With real estate prices lower than those in Ho Chi Minh City, and a favorable location as a commercial gateway and industrial center, Binh Duong is increasingly attracting people from other provinces to live and work.

According to Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn, the strong development of Binh Duong mainly comes from the real demand and supply capacity of the local market, especially areas such as Di An, Thu Dau Mot and Bau Bang - localities with strong growth in apartments for sale and rent.

Not only stopping at housing needs, infrastructure and urban development planning in Binh Duong also play an important role. This province currently ranks third in the country in the Provincial Competitiveness Index (PCI) with a score of 64, only after Da Nang and Quang Ninh.

Mr. Dinh Minh Tuan - Southern Regional Director of Batdongsan.com.vn.

Binh Duong also has the second highest urbanization rate in the country (84%) and is expected to receive more development support policies from the Government, especially policies related to real estate development.

The synchronous development of the transport infrastructure system, along with smart and ecological industrial parks, is creating favorable conditions for the Binh Duong real estate market to grow strongly.

Mr. Oh Dongkun - General Director of Becamex Tokyu Company, shared: "Binh Duong is a province that always maintains a high economic growth rate and ranks third in the country in attracting foreign direct investment (FDI). The province's infrastructure development policies, smart city strategy and efforts to attract high-tech investment are important factors in maintaining stable growth momentum".

Compared to neighboring provinces such as Dong Nai, Long An or Ba Ria - Vung Tau, the real estate supply in Binh Duong always dominates with a high number of listings for sale and rent. This shows the abundance of supply and the ability to meet market demand in this province. Reputable investors are implementing a series of new projects to supplement the shortage of supply in the Southern region.

Data from Batdongsan.com.vn shows that the apartment market in Binh Duong, especially in areas near Ho Chi Minh City, is also recording strong growth in interest. Di An, Thu Dau Mot and Bau Bang are the leading localities with increases of 20%, 11% and 10% respectively compared to the second quarter of 2024. In addition, real estate prices in Binh Duong are still competitive compared to Ho Chi Minh City and neighboring provinces, creating opportunities for investors and homebuyers to easily access.

With its advantages in industrial economy, strong infrastructure and abundant supply, Binh Duong is forecasted to continue to be an attractive destination for investors and homebuyers in the coming time. This province is not only a leading industrial center but also an area with great potential for smart and sustainable urban development.

Binh Duong is demonstrating its remarkable development in the context of many economic challenges. This will certainly be a "promised land" for those who are looking for investment and settlement opportunities in one of the most strongly developing provinces in Vietnam.

Minh Thu

Source: https://doanhnghiepvn.vn/kinh-te/bat-dong-san/vi-sao-bat-dong-san-binh-duong-co-suc-hut-lon/20240919103115904