Yen Phong, Bac Ninh - a promised land for investors

Develop internal strengths

Yen Phong district is located in the west of Bac Ninh province, about 10km from Bac Ninh city, about 29km from the center of Hanoi capital. The district is located in the important traffic hub of 2 arterial highways of the capital region: Hanoi - Ha Long, Hanoi - Thai Nguyen and is considered the industrial capital of Bac Ninh province with large industrial parks such as Yen Phong 1 Industrial Park, Yen Phong 2 Industrial Park. The inter-regional traffic advantage also helps Yen Phong become the leading bustling transit point of Bac Ninh, attracting many "leading birds" to "nest" thanks to the smooth infrastructure connection. Many domestic and foreign giants have also been present here such as Samsung, Mobase, Hansol, Viglacera, Dongsi, Dawon Vina, Orion, Vinamilk, Dongsin, Ottogi, KCC ...

Yen Phong Bac Ninh land area for investors image 1 — Samsung factory is located in Yen Phong Industrial Park, Bac Ninh

According to information from the People's Committee of Bac Ninh province, from August 2023, Bac Ninh province will promote the implementation of the Project to build the province into a Class 1 urban area and a city directly under the Central Government. Yen Phong district will also be invested in and developed to become a city directly under the province. The policy of Yen Phong becoming a city in the future will contribute to creating initiative in orienting targets, specific urbanization levels, promoting land efficiency, improving the quality of people's lives and urban appearance.

At the same time, the People's Committee of Bac Ninh province approved the 1/2000 planning of Sub-area No. 3 including the communes of Yen Trung, Dong Tien, Long Chau, Dong Phong, Thuy Hoa, Trung Nghia, Dung Liet and Tam Da and part of Cho town.

The nature of this area will be the center for industrial development, high-tech services and regional supporting industries with the core being the Samsung complex; the center for culture, physical education and sports in the East of Yen Phong district; the priority area for developing social housing to serve workers in the industrial park and local people. The zoning plan according to each function shows development prospects, contributing significantly to creating a new urban appearance to help Yen Phong open the door to attract large corporations and enterprises to invest.

Looking at the policy of upgrading administrative units from district level to city level in many localities in the past, it shows that land prices have changed dramatically. Many investors have benefited from shifting capital flows to some localities preparing to be upgraded to cities.

“Urban upgrading will create synchronous infrastructure, increase connectivity, increase population, thereby attracting workers, increasing housing demand. Land in these areas with a new look will create added value, be able to do business, create value for the future...”, quoted an analyst in the discussion "Potential and opportunities of real estate markets in localities about to become cities".

Well-planned land products attract investment capital

According to experts, investor confidence in the real estate market is gradually recovering, and cash flow in the coming time tends to focus on the land segment. Investors will pay attention to finding localities with developed infrastructure, stable economy, and can ensure profitability.

Yen Phong Bac Ninh land area for investors image 2 — Land in Dong Phong commune, Yen Phong district, Bac Ninh is of interest

Previously, according to Batdongsan.com.vn's Real Estate Market Report for the first quarter of 2023, in the Northern region, land plots near industrial parks still show great attraction.

In Bac Ninh, real estate in Tu Son, Yen Phong, especially the location near the industrial park, also recorded price increases and good liquidity. After a long period from the first quarter of 2018 to the third quarter of 2023, the selling price of land in the North increased by 54%, the above figures show sustainable growth when investing in the land segment.

In particular, with big names like Samsung, Hansol, Orion, ... industrial parks will welcome a large number of experts and workers to work, leading to an increase in demand there. Those who already own good real estate products will have a chance to win big. Some projects in provinces that own industrial parks or have a well-planned layout such as Thuan Thanh, Dong Yen, the land price for 100m2 is often purchased at a price of 2.5 billion - 3.5 billion VND; the absorption rate of projects in the range of 2 - 3 billion VND is reaching 70 - 80%.

Currently, the real estate supply in Bac Ninh has been quite scarce recently. Statistics from the Department of Construction of Bac Ninh province show that in the third quarter of 2023, there were no new projects approved for investment policy or investor selection in the province. Investors need to be selective about opportunities and look for projects with complete legal documents, where infrastructure is developed and close to key industrial parks will be the top priority.

With many potentials in industrial economy, transport infrastructure, services, etc., along with the determination in implementing key projects and works, Yen Phong district is expected to have more boosts in the real estate market. Moreover, the general price of land in Yen Phong is at a reasonable level, so the land segment, with full legal documents, in an area with good economic growth potential will be the top choice for investors with high profitability.

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