The convergence of all opportunities
Since the 1993 Land Law was enacted, the Vietnamese real estate market has experienced many cycles of growth alternating with stagnation. These cycles, with the good development phase always accounting for an overwhelming proportion, are all associated with macroeconomic fluctuations, public investment in infrastructure and policy turning points. In particular, 2024 is considered the starting point of a new growth cycle.
2024 is expected to be the starting line for a new growth cycle of the real estate market.
According to Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, when entering a new cycle, experienced investors will be able to collect good products at reasonable prices. Investment cash flow at this time will bring high profits with a long-term vision of about 3-5 years. He commented that from the third quarter of 2024, the market will start to rise.
Experts say that at this time, a series of new policies related to real estate will take effect. Specifically, the Land Law, Housing Law, and Real Estate Business Law, which will take effect from August 1, 2024, are expected to gradually remove institutional and legal bottlenecks in handling procedures, records, and approving projects.
The new law also tightens the subdivision and sale of land, while purging investors with poor capacity, leading to a decrease in supply before recovering after the market really absorbs the policy.
In addition to policy stimulus, the real estate market officially entered a new page thanks to the role of infrastructure leverage.
In the period of 2021 - 2025, the medium-term public investment capital allocated for the development of the transport network is about 470,000 billion VND, nearly 3 times higher than the period of 2016 - 2020. Of which, 230,000 billion VND is allocated for Hanoi to speed up the progress of Ring Road 4, Ring Road 3.5, start construction of 7 bridges across the Red River... 2024 - 2025 will be the implementation year of a series of projects that have been planned and prepared for many years before, such as Tu Lien Bridge.
Tu Lien Bridge connecting Dong Anh with the historic inner city is one of Hanoi's key infrastructure projects, expected to start construction in 2024.
According to the Ho Chi Minh City Institute for Development Studies, the planning stage can increase land prices by 8-10%. This rate will be 45-50% if the State invests in infrastructure or investors develop urban projects.
"The work of promoting public investment disbursement in key transport projects plays a very important role. This will be a direct driving force to regain confidence in the market, bringing positive changes to the real estate market," Mr. Dinh emphasized.
Shopping cart heats up the market in a new cycle
Experts say that now is a good time to own real estate before the market establishes a new price level under the impact of policies, planning, infrastructure...
In the North, Vinhomes Global Gate is becoming a name that attracts the attention of customers and investors. Initial information shows that this is one of the new baskets of goods with abundant quantity in the capital market. The project also possesses rare advantages.
Vinhomes Global Gate owns a diamond position when developing on the sacred land of Co Loa, surrounded by 4 large rivers (Red River, Duong River, Ngu Huyen Khe River, Hoang Giang River). Thanks to that, the project possesses good fortune and eternal view, which are criteria that customers and investors increasingly value.
Vinhomes Global Gate is also located in the coordinates that benefit the most from the infrastructure "wave" in the Northeast of Hanoi. Here, many key traffic works are present, along with newly invested projects, including Tu Lien Bridge - the new symbol of Hanoi, shortening the distance from the project to the center of the capital to only 5 minutes of travel.
The National Exhibition Center, ranked among the top 10 in the world, will be the bustling "heart" of Vinhomes Global Gate.
Located in the "heart" of Dong Anh - a district in the process of becoming a district, in the future Vinhomes Global Gate will be a meeting place for global trade activities. Taking on this mission is an important piece of the project - the 90ha National Exhibition Center, the world's top 10 scale, which has just started construction. With the mission of initiating a billion-dollar Expo economy for Vietnam, this place promises to welcome millions of entrepreneurs, businesses, and tourists from around the world, bringing unlimited investment and business opportunities for all industries.
Like many other Vinhomes branded metropolises, in addition to its sustainable investment potential, Vinhomes Global Gate is also a classy place to live thanks to the presence of high-class amenities. This dual value is creating an attraction for the project with investors and customers in the Northeast of Hanoi, creating excitement for the real estate market that is expected to enter a new growth cycle.
Source: https://dantri.com.vn/bat-dong-san/vinhomes-global-gate-ky-vong-khuay-dong-thi-truong-bat-dong-san-thu-do-20240912104124805.htm
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