Forecasting Binh Duong real estate investment potential after the new land law | Project | Finance

Real estate investment market "on the runway" ready to accelerate

In the first half of 2024, the real estate market continuously recorded positive signals in both the number of transactions and selling prices. According to statistics from the Ministry of Construction , there were over 253,000 successful transactions in the past 6 months - an increase of 10.26% compared to the second half of 2023 and mainly focused on the real estate segment.

Data from Batdongsan.com.vn also shows that the average selling price in the first 6 months of the year increased by 24% compared to the same period, putting real estate at the top in terms of the highest investment yield compared to gold, stocks and foreign currencies. The demand for land and private houses nationwide in the second quarter of 2024 increased by 33% and 18% respectively compared to the first quarter of 2024.

With optimistic forecasts for the second half of 2024, investors believe that the real estate market is in the "ready to take off" phase, thanks to new credit and legal support. Home loan interest rates are at a record low in the past 20 years - only from 4.9%/year, creating a good opportunity for investors to access cheap capital.

At the same time, the new Land Law, which took effect from August 1, has also removed legal barriers, contributing to increasing new supply to the market.

Binh Duong promises high profit potential in the future, attracting investors' attention before the new law applies new prices to the market. (Photo: Sycamore)

However, the 2024 Land Law will also impact the higher real estate price level through the mechanism of land clearance and compensation according to the market, increasing the capital cost of new projects. For example, in Ho Chi Minh City, the draft new land price list in all districts has increased from 10 to 51 times. In Binh Duong, the new land price is also expected to increase by 11% - 247% compared to the old price, equivalent to 45% of the market price.

Therefore, buyers are now actively hunting for potential products before the new law impacts the market. In the real estate "hunt", Binh Duong is considered a safe choice for long-term investment cash flow thanks to its infrastructure advantages, geo -economic location and expectations of strong price increases.

Real estate growth potential in Binh Duong

Currently, the supply of townhouses on the market is very scarce. Ho Chi Minh City has only a few projects launched with prices up to 40-100 billion VND per unit, making ownership only for customers with very strong finances. Meanwhile, many other investors choose to look to the suburbs to buy townhouses at "softer" prices.

Typically located in the center of Binh Duong New City, Sycamore is receiving much attention as it is the largest-scale housing project implemented by investor CapitaLand Development in Vietnam, with a thorough planning to create a high-class living standard here.

The Canopy Clubhouse with 26 exclusive amenities in The Orchard @Sycamore (Photo: Sycamore)

In the first phase, Sycamore reserved 9.1 hectares of land to develop a closed low-rise subdivision The Orchard. Within the campus, the investor continues to reserve most of the land to develop a green tree system providing 80% shade from the entrance gate to each house, a high-class utility system and a 3.5 km lane dedicated to bicycles...

Impressive Garden Villa collection in The Orchard subdivision (Photo: Sycamore)

The Orchard exclusively offers 368 townhouses and villas, with the highlight being the Garden Villa Collection, which includes semi-detached villas with spacious gardens and close proximity to green amenities. The semi-detached villa design also includes multi-functional rotating sunshades and an open terrace that maximizes the homeowner's living space.

Owning a villa with a garden brings many spiritual benefits. (Photo: Sycamore)

Inspired by the resort style of high-end resorts, the investor designed the house with an open gate and high walls, contributing to creating an airy and connected living space while still ensuring security and safety.

With an impressive 7m high ceiling, homeowners can take advantage of a variety of decorative solutions, creating an airy and luxurious living space. Each house will be accompanied by a tree in front of the house and a spacious parking area with a capacity of up to 3 cars, helping to increase natural ventilation and convenience when parking.

Taking advantage of the market recovery momentum and the solid potential of the project, the "houses on prime land" portfolio The Orchard promises to quickly take off with investors in the near future.

Sycamore Project

Address: Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province

Hotline: 1800 599 986

Website: sycamore.com.vn

Facebook: This is Sycamore

Source: https://diaoc.nld.com.vn/du-bao-tiem-nang-dau-tu-bat-dong-san-binh-duong-sau-luat-dat-dai-moi-196240821213801424.htm