Opportunity for investors with potential land projects in the West

The 2023 Law on Real Estate Business, which takes effect on August 1, 2024, will tighten regulations on land subdivision and sale, expanding the scope of land subdivision and sale ban to wards, districts, and urban cities of type II and type III. This has made the supply of land scarce and demand will increase in the future.

Land plots are of strong interest ahead of new regulations

The recovery of the land market is considered to be driven by three driving forces: the cyclical nature of the land market; land prices have been adjusted in some areas, causing investors to start considering entering the market; the wave of anticipation from the changes of the three new Laws. It is noted that the price of land for sale in Ho Chi Minh City increased sharply in June 2024, recorded at 58 million VND/ ^m2 and 68 million VND/ ^m2 , respectively, an increase of 1-3 million VND/ ^m2 compared to the selling price in the previous May.

According to statistics from the Ministry of Construction , in the first 6 months of the year, there were about 253,000 successful real estate transactions, equal to 110.26% compared to the last 6 months of 2023, the transaction volume mainly focused on the land segment.

In addition, according to the forecast of the Can Tho Real Estate Association (CaREA), in the third quarter of 2024, primary supply will continue to be scarce, land prices may increase by 10-20% compared to the beginning of the year. In real estate segments, land is clearly superior in 4 factors: strong price increase potential, extraordinary profitability, limited supply and high liquidity. Compared to other financial investment channels such as savings, gold, stocks, land is superior in terms of stability, high price resistance and is a safe haven for medium and long-term cash flow.

Batdongsan.com.vn's report also shows that the land market in the first 6 months of 2024 is warming up again because investors' hunting moves are becoming clearer. The level of interest of people looking for land is increasing sharply compared to the first quarter of 2023, reaching 33%. Notably, in this unit's survey of land brokers, 35% said that the land segment is growing steadily at 10%. This is also the overwhelming proportion in the comments on land developments of real estate brokers.

However, the "sharks" who go "hunting" need to consider carefully when investing in land plots in areas that are in the transition period according to the Law on Real Estate Business or the Law on Housing, especially in areas where subdivision and sale of land plots is prohibited. Buyers need to make sure that the investment land plot has a certificate. In addition, investors need to choose areas with well-planned infrastructure, steady economic growth, tourism, etc. to attract residents and foreign investors.

Less than an hour drive from Can Tho, the bright spot for investment in the current market rhythm is called CLD Maison Nga Bay - Hau Giang, located in the center of the city. Nga Bay has each plot of land notarized immediately.

CLD Maison Nga Bay is a land project in the Mekong Delta worth considering for investors.

Nga Bay City is an area with convenient traffic connections on both waterways and roads, the intersection of 7 canals and in the near future, two key expressways Chau Doc - Can Tho - Soc Trang (section through Hau Giang about 36.9 km long) and Can Tho - Ca Mau expressway (section through Hau Giang about 61.6 km long) will be formed, creating development momentum for the area. In addition, the inner-city infrastructure - traffic, industry and tourism in Hau Giang are being focused on strong development with the province's motto "Enterprises come, Hau Giang is happy", creating all conditions for people and businesses to do business and produce for development.

As a type III urban area, Nga Bay City is among 105 urban areas, cities, and towns that are not allowed to divide land into plots for sale. Projects like CLD Maison Nga Bay are a scarce supply with legal conditions that meet the conditions for selling land according to legal regulations.

CLD Maison Nga Bay residential area in the center of Nga Bay City has a scale of more than 2.7 hectares, owning a two-frontage location on Ngo Quyen Street and Nguyen Hue extended street (expected to open) with a series of internal utilities, shophouses, bustling external connections for residential, business and investment needs with a price of around 1 billion VND will be a safe "wave-catching" direction for smart investors.

Source: https://baodautu.vn/batdongsan/co-hoi-cho-nha-dau-tu-voi-du-an-dat-nen-tiem-nang-tai-mien-tay-d220890.html