Real estate development potential of Ba Ria - Vung Tau province
With its prime geographical location, Ba Ria - Vung Tau is one of the localities with a vibrant real estate market. In the first quarter of 2023, the market here was quite quiet like the general situation of the whole country. However, many experts predict that after this quiet period, the real estate market will grow again thanks to new impulses.
Specifically, a series of transport infrastructure projects being implemented such as the Ho Chi Minh City - Long Thanh - Dau Giay Expressway, Bien Hoa - Vung Tau Expressway, Long Thanh International Airport... are expected to help the province's real estate "take off" in the near future.
Ba Ria - Vung Tau is ranked 4th among the provinces and cities attracting the most FDI capital in the country with 4 key sectors: industry, seaports, tourism, high-tech agriculture . This brings many opportunities to develop industrial parks, thereby developing real estate segments to serve the needs of the people.
In addition, many new real estate projects are being implemented, including apartment projects, urban areas and resorts. The implementation of these projects can contribute to promoting the development of the real estate market here.
In particular, Phu My town is one of the locations with great potential for real estate when owning Cai Mep - Thi Vai port - top 11 best operating container ports in the world; planned to become one of the largest economic centers in Vietnam in the next 5 years; attracting a large number of workers here, especially experts to work in Phu My.
Apartments - The preferred real estate segment in 2023
In 2023, the apartment project segment has many advantages in the Ba Ria - Vung Tau market. The reason is that the demand of young customers is increasing, high-end apartments are modernly designed, fully equipped and located in prime locations in new urban areas, attracting many customers with income and wanting to live in a comfortable environment.
In addition, Phu My is one of the largest industrial zones in Ba Ria - Vung Tau. Many experts and technical staff have come here to work. However, the number of available accommodations is not enough to meet the demand. Many experts have to stay in hotels or temporary housing. The demand for apartments for this group of customers is quite high.
Convenient apartments with complete legal documents are also a new trend, which is very interested by investors today. This type of apartment is built with clear legal documents, has long-term ownership rights and meets the requirements of quality, design and amenities. Having legal documents is considered a reliable choice for investors.
Apartments are also one of the types of real estate with high liquidity, especially mid-range and high-end products. In addition, with the development of industries, seaports, etc. in Ba Ria - Vung Tau; apartments are a popular form of investment.
One of the real estate projects in this segment that is of interest in Phu My town is the Tumys Phu My apartment commercial complex.
Located on the frontage of National Highway 51, the center of Phu My town, with a total land area of 10,503m2, the project possesses a commercial advantage connecting existing urban utilities and linking key economic regions in the South and South Central Coast.
Inspired by the luxurious European design style, leading the new urban trend in the port city of Phu My, Tumys Phu My promises to become an attractive project in the near future and become an ideal place to live for many people. This is also an opportunity for real estate investors to invest in the future.
For information about Tumys Phu My project, contact:
Tung My Trading Company Limited
Hotline: 096 911 39 39
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