The Hung Yen real estate market is witnessing the participation of many large investors with large-scale projects. Most recently, The Trump Organization, the corporation of US President Donald Trump's family, and Hung Yen Hospitality Company under Kinh Bac Urban Development Corporation (KBC) have started construction of the Khoai Chau urban complex, eco -tourism , and golf course with a scale of about 990 hectares.
This project in 7 communes of Khoai Chau district has a total investment of up to 39,800 billion VND, equivalent to more than 1.5 billion USD. This will be the first project with the Trump brand in Vietnam with the name Trump International Hung Yen.
Next week, Singaporean real estate giant CapitaLand will also start construction of its first low-rise housing project in Hung Yen located in the Vinhomes Ocean Park 3 urban area. CapitaLand's project has a scale of 25 hectares and an investment capital of more than 800 million USD.
In phase 1, this investor will deploy on an area of 12 hectares with 342 apartments and is expected to hand over in 2026. Phase 2 includes about 350 apartments with a scale of 13 hectares, to be completed in 2027.
More than two months ago, urban area projects with a total capital of tens of thousands of billions of VND also appeared consecutively in Van Giang district, the northern gateway of Hung Yen. In particular, the ecological garden urban area Alluvia City was started by Xuan Cau Holdings in March with a scale of nearly 200 hectares. This project has a total investment of over 31,000 billion VND with a series of townhouses, shophouses, villas and hot spring, ecological and commercial subdivisions.
The attraction of Hung Yen is reinforced by the strong industrial development in districts such as Van Lam, My Hao, Yen My, Phu Cu. The industrial parks in this area are considered not much inferior to those in neighboring localities such as Bac Ninh, Bac Giang , Hai Phong.
By the end of 2024, according to Savills, Hung Yen will have 17 industrial parks with a total area of more than 4,300 hectares, of which 11 have come into operation.
These industrial parks have attracted a series of large enterprises such as Mektec, Hoya Glassdisk, Canon. The industrial production index in this province has increased by 11%.
The largest investors in the locality are Japan (accounting for 51%), followed by South Korea (12%). The growth of industrial zones is expected to bring a strong wave of mechanical migration to Hung Yen, especially workers from the northern mountainous provinces.
The population of Hung Yen, including Van Giang district, has also grown in recent times thanks to people moving from Hanoi to live in the metropolises.
This trend may continue as the administrative-political center is also located in Hung Yen after the merger of this province with Thai Binh.
Real estate listing platform Batdongsan also reported that Hung Yen was the second most interested locality in the country by investors last year. With the influx of large-scale projects and economic development potential, Hung Yen is positioning itself as a promising real estate market.
Source: https://baonghean.vn/dai-gia-dia-oc-dau-tu-nghin-ty-vao-hung-yen-10298717.html
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