Glory Downtown – the focal project in the potential investment land of Thai Binh

Registering on the map of attracting foreign capital investment, Thai Binh market is considered a "potential land" with impressive price increase potential, attracting investors by existing opportunities from quality projects.

Thai Binh on the "map" of attracting investment capital

In order to break through the potential of a province with a strong maritime economy with a 52km long coastline and 5 large river mouths, in recent years, Thai Binh has focused on infrastructure development, preparing for the goal of becoming a leading industrial center of the Red River Delta, as well as a transit area and distribution center of goods in the southern region of the Red River Delta and the North Central region.

A series of expressways and key traffic 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 great effort and determination.

At the same time, Thai Binh is becoming an important link in the Northern coastal economic corridor thanks to the coastal route passing through 6 provinces. The province's connectivity with the capital is also closer thanks to the radial expressway through Hung Yen province which is being studied and implemented in the near future.

The "advance" transportation has paved the way for Thai Binh to break the "monoculture" of rice and put its name on the map of investment attraction, especially foreign direct investment (FDI).

In 2023, over 3 billion USD of strong FDI capital flow has created conditions for Thai Binh to rise to become a new industrial center, "standing shoulder to shoulder" with industrial "capitals" such as Hai Phong, Quang Ninh, Bac Ninh, Bac Giang...

Key projects such as the Thai Binh LNG thermal power plant with a total investment of about 2 billion USD, the Compal Electronic factory construction project with a total investment of 260 million USD, the project of ET Solar Power HongKong Limited with a total expected investment of 150 million USD, or most recently the automobile assembly plant project of the consortium of investors Tasco - Geely Joint Stock Company with a total investment of nearly 170 million USD, ... are creating big boosts, demonstrating the attractive potential of Thai Binh.

Thai Binh city is considered a potential investment land.

The boom of industrial real estate projects along with the special competitive advantages of Thai Binh has attracted many real estate developers to explore and invest. In Thai Binh City, the "urban flow" is flowing to the South of the city when more than 10 large and small urban areas are planned, gradually appearing around the central intersection of Le Quy Don and the belt roads.

It can be seen that benefiting from infrastructure planning and the support of big names in industrial and urban development is a strong driving force for the real estate market here, creating a potential investment land in Thai Binh City.

The attractiveness of potential investment land

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

Despite the recent downturn in the general market, real estate in this area has maintained its upward momentum. Experts attribute this to the positive impact of infrastructure development activities, information on large-scale urban project implementation, and the need to move residents and workers following the wave of investment and city expansion.

Land prices on major roads such as Le Quy Don Street (Thai Binh City) are currently at 120-150 million VND/m2. In urban areas with planned infrastructure and utilities, prices range from 85-90 million VND/m2; in car alleys and inner city areas, prices range from 50-70 million VND/m2; the extended Le Quy Don Street (no road yet) is also increasing slightly, ranging from 65-75 million VND/m2.

According to observations, Thai Binh's real estate prices are still very competitive compared to localities with similar locations and potentials such as Bac Ninh, Bac Giang, etc. Besides, Thai Binh's growth potential is still very open thanks to the advantage of a new market with much room for development in the future.

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 industrialization and urbanization process. Urban space in these localities has also been expanded and "transformed" dramatically.

As evidenced by the resilience of the real estate market in the two industrial “capitals” of Bac Ninh and Bac Giang, Thai Binh real estate is expected to “change its face” after the influx of FDI capital and the presence of famous real estate developers.

Glory Downtown Project ( Commercial housing development project in Tran Lam ward) is located at the central intersection of Le Quy Don.

With the potential for price increases, the Thai Binh real estate market is especially attractive to increasingly demanding investment cash flows. Accordingly, projects with existing infrastructure, central planning and clear profit potential are prioritized.

With a prime location on Le Quy Don Street - the central intersection of Thai Binh City, the Glory Downtown project (commercial housing development project in Tran Lam Ward) is considered one of the impressive investment highlights. From the project, you can "take one step" to a series of utilities - services in the area, from a system of more than 10 major hospitals, to education, entertainment and recreation of the city with just 5 minutes of travel.

In particular, 128 shophouse products at the Glory Downtown project not only attract investors thanks to the transparent legal status of urban land auctions and long-term ownership; but also score points with owners thanks to pioneering the development of the first commercial park street model in Thai Binh City, creating a unique attraction.

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

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