Real estate race in the West
For many years, the real estate market in Long An province has always been one of the destinations sought by many investors.
With a favorable geographical location adjacent to Ho Chi Minh City, bordering the border and being the gateway to the Western provinces. Long An province is considered a fertile land for connecting traffic infrastructure, regional economic trade and developing the industrial and agricultural sectors, including real estate.
In recent years, the real estate market in Long An province has also been affected by the general economy and problems related to legal procedures, however, since the beginning of 2024, the Long An market has seen much more positive information.
A series of projects have been relaunched by investors, selling products with full legal documents, or introducing upcoming apartment, townhouse, and villa products.
Long An province has the advantage of large land fund, so many townhouse and land projects appear to meet the needs of investors.
Many large investors such as Vingroup ; Ecopark; MIK Group, Prodezi Long An; Nam Long Group, Tran Anh Group, Thang Loi Group... are "racing" to complete projects to launch on the market.
Currently, in Long An province, projects such as King Hill; Lahome, are one of the land and townhouse segments offered to the market in mid-2024. In addition, apartment segments of investors such as Sea Holding; Nam Long also make the real estate market in the above area more bustling.
According to investors, Long An is currently one of the provinces with a very good internal traffic infrastructure system, in addition, there are many "huge" traffic projects passing through such as: Ho Chi Minh City - Trung Luong Expressway, National Highway 1, Ben Luc - Long Thanh Expressway (under construction), Ring Road 3... this is considered one of the biggest advantages for the market.
Diversify products to stimulate market demand
Mr. Ha Van Thien, Deputy General Director of Tran Anh Group shared: “Currently, in Long An province, there are many 'eagles' developing real estate projects, with construction areas of hundreds of hectares or more. This is one of the positive information that helps promote the development of the market in this province”.
“Over the past years, the general market situation has faced many difficulties due to a shortage of supply. However, since the beginning of 2024, many investors in Long An have offered apartments, land plots, villas and townhouses for sale. Diversifying products and abundant supply will help enrich the market and give investors more choices,” said Mr. Thien.
Abundant supply helps Long An province's market regain its "wave".
The latest report from Batdongsan.com.vn shows that the demand for real estate in Long An is showing positive developments with many types of properties seeing good growth. The number of searches for apartments and land increased by 13% and 10% respectively; the demand for villas and townhouses increased by 3%; the demand for private homes increased by 6% and warehouses for sale increased by nearly 9% compared to the previous month.
Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, said that Long An province is currently one of the markets that investors are interested in and creating competition. While Ho Chi Minh City is lacking projects around the West, Long An province is located right next door and can supply products to consumers at reasonable prices.
According to some investors, the mainstay of the Long An province real estate market is still townhouses. This is considered the strength of this province with many projects of increasingly improved quality and attractive prices, so Long An has a great competitive advantage.
Source: https://www.nguoiduatin.vn/bat-dong-san-long-an-ky-vong-cu-hich-tu-nhieu-san-pham-a665280.html
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