Glory Downtown – a flagship project in the promising investment area of ​​Thai Binh.

Glory Downtown – a flagship project in the promising investment area of ​​Thai Binh.

Registered on the map of attracting foreign investment, Thai Binh market is considered a "land of potential" with impressive room for price appreciation, attracting investors with existing opportunities from quality projects.

Thai Binh on the "map" for attracting investment capital.

In order to unlock the potential of a province with a strong maritime economy , boasting a 52km long coastline and 5 major river estuaries, Thai Binh has focused on infrastructure development in recent years, preparing itself to become a leading industrial center in the Red River Delta region, as well as a transit and distribution hub for goods in the southern Red River Delta and North Central regions.

A series of expressways and key transportation routes connecting economic zones in Thai Binh to the border gate system in the Northwest region (CT.16) and the North Central provinces (CT.08) are being implemented by the province with high effort and determination.

At the same time, Thai Binh is becoming an important link in the Northern Coastal Economic Corridor thanks to the coastal road passing through six provinces. The province's connectivity with the capital city is also being shortened thanks to the radial expressway through Hung Yen province, which is being studied for implementation in the near future.

The development of transportation infrastructure has paved the way for Thai Binh to break free from its monoculture of rice cultivation and put it on the map as an attractive destination for investment, especially foreign direct investment (FDI).

In 2023, over $3 billion in strong FDI inflows created favorable conditions for Thai Binh to emerge as a new industrial hub, standing alongside industrial "capitals" such as Hai Phong, Quang Ninh, Bac Ninh , and Bac Giang…

Key projects such as the Thai Binh LNG thermal power plant with a total investment of approximately US$2 billion, the Compal Electronic factory construction project with a total investment of US$260 million, the project of ET Solar Power Hong Kong Limited with an estimated total investment of US$150 million, or most recently, the automobile assembly plant project of the joint venture of Tasco Corporation and Geely with a total investment of nearly US$170 million, are creating significant impetus, demonstrating Thai Binh's potential to attract investment.

Thai Binh City is considered a potential investment area.

The boom in industrial real estate projects, coupled with Thai Binh's unique competitive advantages, has been attracting numerous real estate developers to explore and invest. In Thai Binh City, the "urban flow" is moving southward, with more than 10 large and small urban areas being planned and gradually taking shape around the central Le Quy Don intersection and the ring roads.

It is evident that benefiting from infrastructure planning and the support of major industrial and urban developers is a strong driving force for the real estate market here, creating a potential investment area in Thai Binh City.

The appeal of a region with potential for investment.

According to data from the real estate platform batdongsan.com.vn, in the third quarter of 2024, real estate prices in Thai Binh City recorded a growth rate of 14-18% compared to the same period last year.

Despite having recently experienced a downturn in the overall market, real estate in this area has maintained its upward trend. Experts believe this is due to the positive impact of infrastructure development, information on large-scale urban projects, and the demand for population and worker relocation driven by investment and city expansion.

Land prices on major roads like Le Quy Don Street (Thai Binh City) are currently at 120-150 million VND/m2. In urban areas with planned infrastructure and amenities, prices range from 85-90 million VND/m2; in car-accessible alleys within the city, prices range from 50-70 million VND/m2; the extended section of Le Quy Don Street (without road access) is also experiencing a slight increase, fluctuating at around 65-75 million VND/m2.

Observations show that real estate prices in Thai Binh remain very competitive compared to localities with similar locations and potential such as Bac Ninh and Bac Giang. Furthermore, Thai Binh has ample room for growth thanks to its advantages as a new market with significant potential for future development.

In fact, land prices in the central areas of Bac Ninh and Bac Giang have increased 15-20 times in the past 10 years along with the process of industrialization and urbanization. Urban spaces in these localities have also expanded and undergone a remarkable transformation.

As evidenced by the booming real estate market in the two industrial hubs of Bac Ninh and Bac Giang, Thai Binh's real estate market is expected to undergo a significant transformation following the influx of FDI capital and the participation of reputable real estate developers.

 

The Glory Downtown project ( a commercial housing development project in Tran Lam ward) is located at the central intersection of Le Quy Don street.

With its potential for price appreciation, the real estate market in Thai Binh is particularly attractive to increasingly discerning investors. Accordingly, projects with existing infrastructure, central locations, and clear profit potential are prioritized for investment.

Strategically located on Le Quy Don Street – the central intersection of Thai Binh City – the Glory Downtown project (a commercial housing development project in Tran Lam Ward) is considered one of the most impressive investment opportunities. From the project, residents can easily access a wide range of amenities and services in the area, from over 10 major hospitals to educational institutions, entertainment venues, and recreational facilities, all within a 5-minute drive.

In particular, the 128 shophouse units at the Glory Downtown project are not only attractive to investors due to their transparent legal status as auctioned urban residential land with long-term ownership, but also score points with owners for pioneering the development of the first commercial street and park model in Thai Binh City, creating a unique appeal.

On October 5th, 2024, the Glory Downtown project will officially begin construction of its limited number of commercial townhouses, promising to be a safe, effective, and sustainable investment choice for investors. This is also why the project has received special attention from investors in the promising Thai Binh real estate market, which is gradually proving its potential.

Source: https://baodautu.vn/batdongsan/glory-downtown—du-an-tam-diem-tai-vung-dat-dau-tu-tiem-nang-thai-binh-d226530.html