Have the advantage of being the first mover

This is considered an opportunity, when previously it was not a place that attracted much investment, so the land fund in industrial parks and industrial clusters was not filled. And now it has become a valuable reserve...

The time has come

In contrast to the residential real estate market, which has not thawed as expected, the industrial real estate market has seen positive changes in the past 5 months, as rental prices are increasing and are expected to continue to increase in the coming time. The press conference held by CBRE, an American commercial real estate investment and service company among the world's largest, in April 2024 with the above content provided information with specific figures in Vietnam. That is, industrial land rental prices in tier 1 markets in the North increased slightly by 1.2% compared to the previous quarter and increased by 7.8% compared to the same period in 2023, reaching an average of 133 USD/ ^m2 /term. Meanwhile, industrial land rental prices in tier 1 markets in the South remained at 189 USD/ ^m2 /term, stable compared to the previous quarter but increased by 2.4% compared to the same period last year. In addition, the average rental price of ready-built warehouses in the North reached 4.7 and 4.9 USD/ ^m2 /month. Similarly, in the South, due to the lack of new supply, the operation of existing ready-built warehouses was impacted, causing the occupancy rate of ready-built warehouses to increase by 2 percentage points compared to the previous quarter, in which warehouses had an occupancy rate of 57% and factories was 87%.

Song Binh Industrial Park. Photo: N.Lan

CBRE also forecasts that in the next 3 years, industrial land rental prices are expected to increase by 3-9%/year in the North and 3-7%/year in the South. Meanwhile, rental prices of ready-built warehouses and factories are forecast to increase slightly by 1-4%/year in the next 3 years. This forecast also reflects market developments such as supply being lower than demand, professional and non-professional investors are paying attention to the industrial real estate sector. And potential provinces and cities are being targeted in the coming time, when the 2 big cities and neighboring provinces with long-standing industrial strengths no longer have room for development. Binh Thuan , where foreign traffic is smooth, specific and effective, especially the North-South expressway running through the entire length of the province. And most importantly, the province still has a lot of industrial land with completed infrastructure and ready for lease, distributed throughout the industrial parks and industrial clusters in districts, towns and cities in the province. This is considered an opportunity, when previously it was not a place that attracted much investment, so the land fund in industrial parks and industrial clusters was not filled. And now it has become a valuable reserve, if we know how to promote it when implementing.

Tuy Phong Industrial Park. Photo: N.Lan

As a reserve

In the above context, most of the industrial parks and industrial clusters in the province have room to seize new opportunities. In addition to the two industrial parks Phan Thiet 1, 2 and the industrial clusters Nam Ha, Nam Ha 2 (Dong Ha - Duc Linh), which have had secondary investors come to lease, build factories, warehouses... with the area basically filled. The remaining, according to information from the Provincial Industrial Parks Management Board, the industrial parks in the province have not yet filled their areas. The most prominent is Ham Kiem II - Bita's Industrial Park (Ham Kiem - Ham Thuan Nam), which currently has a leased land area of ​​only 33 hectares, corresponding to a 12.5% ​​occupancy rate, the industrial land area with completed infrastructure and ready for lease is 228 hectares. Here, a synchronous technical infrastructure system has been built, ensuring the standards of a green - clean - beautiful - modern industrial park. In addition, Ham Kiem I Industrial Park (Ham My Commune - Ham Thuan Nam) has also built similar infrastructure. Currently, 43% of the area has been filled, the remaining 51.3 hectares have completed infrastructure and are ready for lease. In particular, both of the above industrial parks are located in difficult socio -economic areas, investors are entitled to corporate income tax incentives according to Decree No. 218/2013/ND-CP of the Government. In addition, they are also supported free of charge in investment consulting, legal procedures related to investment and business registration...

Son My I Industrial Park. Photo: N.Lan

Meanwhile, Song Binh Industrial Park (Song Binh Commune - Bac Binh) has been and is being built synchronously, ensuring the standards of a modern industrial park. In addition to the 93.91 hectares that have been leased, there are also 153.96 hectares with completed infrastructure and ready for lease. Or Tuy Phong Industrial Park (Vinh Hao - Tuy Phong), with a project area of ​​150 hectares. Not only that, 3 other promising industrial parks have been and are being opened in Ham Tan district, all in prime locations with large leased land areas. For example, Son My I Industrial Park has an industrial land area for lease of 740 hectares, Son My II Industrial Park has an industrial land area for lease of 330 hectares and Tan Duc Industrial Park has an industrial land area for lease of 207 hectares.

In addition, in districts, towns and cities, there are 36 industrial clusters with a total area of ​​1,183 hectares. Currently, 14/36 industrial clusters have industrial cluster infrastructure investors. This means that there are more than 22 industrial clusters in the province that need to attract infrastructure investors. And in the new developments of the current and upcoming industrial real estate market, it is hoped that the value of the land fund, which has been considered as a long-standing reserve, will be promoted.

In 2023 and 5 months of 2024, the province has welcomed, worked with, and provided information to many domestic and international agencies, corporations, companies, organizations, and individuals to learn about the market and investment opportunities in Binh Thuan province; including the delegation of the Southern Investment Promotion Center and Foreign Business Associations in Vietnam. In addition, the province also participated in and coordinated in providing investment promotion information in high-level delegations of Party and State leaders to other countries and a number of domestic conferences; welcomed, worked with, and provided information to a number of domestic and international agencies, corporations, companies, organizations, and individuals to learn about the market and investment opportunities in the province; continued to do a good job of providing information on the environment and investment opportunities to news agencies, newspapers, and media, etc.

Source: https://baobinhthuan.com.vn/gia-thue-bat-dong-san-cong-nghiep-tang-co-loi-the-cua-nguoi-di-sau-119401.html