Recently, Quang Nam is one of the localities with a strongly developing real estate market. Although the general market still faces many difficulties, experts say that Quang Nam real estate will soon recover thanks to the province's large potential.
Central region's key market
Experts assess that the attractiveness of Quang Nam real estate is primarily due to its location adjacent to Da Nang. Due to its geographical location and market developments, in recent years, Quang Nam real estate has been assumed to be unified with the Da Nang real estate market. Both of these neighboring markets have similar and unique strengths that support each other to create a common picture of real estate in Da Nang - Quang Nam and this is the "golden center" of real estate in the country during the period. period 2-2014.
During the period 2014-2019, tourism in the two localities of Quang Nam - Da Nang boomed, especially beach resort tourism. The Son Tra Peninsula, Ngu Hanh Son (Da Nang), and Hoi An (Quang Nam) areas have become destinations for many domestic and foreign tourists. Strong tourism development has promoted the development of the coastal real estate market in Quang Nam - Da Nang. Accordingly, dozens of large real estate projects have been implemented by investors during this period along the coast of the two localities, creating a very vibrant picture for the market.
Currently, although developments in the market are no longer as explosive as before, according to many experts, the room for real estate development in Quang Nam is still very large.
Regarding the urban system development plan, by 2030, Dien Ban town is expected to be upgraded to city level. In Duy Xuyen district, Nam Phuoc urban area expanded its connection with Duy Nghia - Duy Hai urban area, Kiem Lam urban area and neighboring communes upgraded to the administrative level of Duy Xuyen town. In Thang Binh district, Ha Lam urban area expanded its connection with Binh Minh urban area and neighboring communes, upgraded to the administrative level of Thang Binh town. Tac Po urban areas and To Vieng town will form the administrative level of towns in the period 2021 - 2025; Tam Dan and Dai Hiep urban areas will form the administrative level of towns in the period of 2026 - 2030.
First of all, Quang Nam owns an abundant land fund, while its infrastructure is increasingly invested synchronously and perfected. At the same time, the rapid urbanization process also creates favorable conditions for attracting investment and developing real estate projects in Quang Nam.
According to statistical data, Quang Nam province has an area of 10.574,74 km2, terrain with 4 main types: high mountains, high hills, low mountains, hills and plain terrain divided according to the Vu Gia river basins, Thu Bon, Tam Ky…
Due to the characteristics of the terrain, the urban morphology of Quang Nam province is also formed in the form of a chain associated with key traffic routes: urban chain along National Highway 1A (Vinh Dien, Nam Phuoc, Ha Lam, Tam Ky, Nui Thanh), urban chain along the coastal route (Hoi An, Tam Ky, Chu Lai - Nui Thanh), urban chain along Ho Chi Minh Highway and National Highway 14B (Kham Duc, Thanh My, P' Rao, Ai Nghia), urban chain along the Quang Nam route (Tac Po, Tra My, Tien Ky, Phu Thinh, Tam Ky), urban chain along the East Truong Son route (Thanh My, Trung Phuoc, Tan Binh, Tra My , To Vieng).
Among them, the most prominent is the coastal urban chain running from Dien Ban town to Nui Thanh district. This is also the place to attract many investment projects in the real estate sector, especially resort real estate. This coastal urban chain is forecast to continue to develop further when the 36,5 km long coastal road connects from the city. Hoi An to City. Tam Ky was completed at the end of 2023, after many years of work. At the same time, phase II of this route (passing through Tam Phu commune, Tam Ky city and coastal communes/towns of Nui Thanh district) was also officially started in January 1.
Mr. Vo Trong Phung, Director of Bold Land Co., Ltd. commented: "As well as the role of Truong Sa, Hoang Sa, Vo Nguyen Giap routes, with the strong development of the eastern bank of the Han River (Da Nang), the The coastal road connecting Dien Ban to Tam Ky, and further to Nui Thanh district not only contributes to further promoting the socio-economic development of the coastal area of Quang Nam, but also helps Deeply explore the potential of the province's coastal land fund, contributing to attracting more real estate investors in the future."
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Exploit and promote potentials
In the Quang Nam Provincial Planning for the period 2021-2030, vision 2050 has just been approved by the Government, Quang Nam province has determined that the key task of infrastructure development in the coming time is to improve the quality of urbanization in both areas. existing and new urban areas. Gradually reduce pressure on Hoi An Ancient Urban on the basis of developing urban space in the East of Dien Ban town and Duy Xuyen and Thang Binh districts; strong development of the city. Tam Ky is based on a reasonable merger of space with Nui Thanh district, linking development with surrounding areas.
The plan also determines the spatial organization plan of the province into two dynamic clusters, including: Dien Ban - Hoi An - Dai Loc dynamic cluster and Phu Ninh - Tam Ky - Nui Thanh dynamic urban cluster.
In particular, the Dien Ban - Hoi An - Dai Loc dynamic cluster will be built to become the northern growth pole of the province, connecting with the economic spaces of the city. Danang. Through the road, the Vu Gia, Thu Bon, and Co Co river systems form a chain of riverside and coastal urban areas; develop tourism corridors based on waterway transport routes of Thu Bon and Co Co rivers; Exploiting the city's urbanization needs. Da Nang and Hoi An to develop Dien Ban urban space, prioritize the formation of resort and entertainment urban areas along the coast and Co Co river, manage public space and architecture on both sides of Co Co river in an appropriate way. closely to form Vietnam's beautiful tourist river route...
With the dynamic urban cluster Phu Ninh - Tam Ky - Nui Thanh, this place will be developed into an industrial economic area, seaport logistics services, aviation, trade, marine tourism, health care, and education. – training, smart urban areas, including merging Nui Thanh district with City. Tam Ky to develop into a class I urban area...
Mr. Vo Trong Phung assessed that the approved Provincial Planning will have a strong impact on the Quang Nam real estate market. In particular, projects that have been and are being constructed "permanently" by investors will be accelerated when they no longer have to "anxiously" wait for planning. At the same time, investors and customers will have more official information channels to redefine key investment areas to suit the province's development trends.
For his part, Mr. Doan Thanh Phong, Business Director of Minh Minh Group Joint Stock Company commented, The completed and approved planning has clearly shaped the potential strengths of Quang Nam province, especially in the field of urban infrastructure - real estate sector. Equally important, the Planning will create the necessary legal basis to gradually help remove difficulties and obstacles for many real estate projects on the market.
“The Quang Nam real estate market is gradually recovering and thriving again, the biggest highlight in the market is that the Quang Nam Provincial Planning for the period 2021-2030, vision 2050 has been approved. It can be said that the changes in each planning option of Quang Nam province have shown the determination of the leaders and people of the province in building Quang Nam province to further develop. This is also an opportunity for this potential and diverse land market to explore its true value," Mr. Phong added.
