Ha Tinh is about to have a supply of beachfront real estate to "quench the thirst" of the market.

Riding the wave of the new real estate growth cycle, coupled with the strong momentum of the tourism industry and the flourishing disbursement of public investment, the Song Long Urban Area project, with its many "unbeatable" advantages, is becoming a sought-after target for investors.

Demand is constantly increasing, while supply is scarce.

In the context of a challenging real estate market, with increasingly scarce land in urban areas and a scarcity of new projects, urban development and population growth have created numerous challenges in finding a quality project at a good price.

In 2023, the primary real estate market recorded a significant decrease in supply. According to recent market survey data, the primary real estate market saw a substantial decline in supply. Specifically, in Ho Chi Minh City, the land plot segment saw 22 projects with 1,850 plots, a 73% decrease compared to 2022 and the lowest level in the past five years. Similarly, in Da Nang and surrounding areas, only 8 projects were launched with a new supply of 696 plots, a decrease of 74% compared to 2022. The sales rate compared to the new supply reached 31% (approximately 218 plots), only 15% compared to the previous year.

Ha Tinh is about to have a supply of beachfront real estate to

With a decline in supply, customers are desperately searching for quality real estate properties.

The main reason is legal bottlenecks that make government agencies more cautious in approving projects. Legal obstacles also cause businesses to face difficulties in sales, lack the resources to repay debts and develop new projects... Therefore, the already scarce supply has become even scarcer.

Particularly towards the end of the year, the demand for buying real estate increases, leading to a continuous rise in supply. According to the Consumer Sentiment Report (CSS) on real estate trends for the second half of 2023, 61% of survey participants intend to buy real estate in the next year. Of these, 51% intend to buy for investment purposes, with land plots being the most sought-after type, followed by apartments (28%) and detached houses (21%).

Now, only developers with substantial financial resources and a commitment to sustainable development can survive in the market. Meanwhile, homebuyers are struggling to find legally sound projects for both residential and investment purposes.

A new bright spot anticipating the real estate cycle.

Given the increasing scarcity of clean land and the difficulties related to legal issues, Nghi Xuan district, with its advantages of possessing many beautiful beaches, access to the coastal road, and a concentration of affluent residential areas, has become a "promised land" with stable real estate prices, even low compared to the area's potential, making it a "bright spot" in a sluggish market lacking new projects.

Ha Tinh is about to have a supply of beachfront real estate to

The coastal road helps shorten travel time, boost trade and tourism between provinces and cities across the country, and is a hub for groundbreaking projects.

Located within the master plan for the Nghi Xuan - Loc Ha coastal tourism, urban, and commercial area, with diverse functions such as golf, resorts, and entertainment, Nghi Xuan has become one of the driving development areas of the entire Ha Tinh province, especially the eastern region connected to the sea.

Owning prime land located on the national coastal highway, and being one of the rare projects set to launch in early 2024, the Song Long Urban Area project in Cuong Gian commune, Nghi Xuan district, is a "golden rain" that will quench the thirst of the real estate market at this time.

Considered a "diamond" amidst multi-billion dollar infrastructure, situated right on the valuable coastal tourist route, and boasting "super connectivity" to central areas and top-tier tourist and resort amenities in Nghe An and Ha Tinh.

Ha Tinh is about to have a supply of beachfront real estate to

Song Long Urban Area is a rare project boasting two sides with "sea views and river views," offering an auspicious and prosperous location.

In particular, the project boasts 2-3 open sides and an extremely rare auspicious feng shui location – "next to the river, backed by the mountains, and near the sea" – fully benefiting from the auspicious energy of the land. Furthermore, with its secure and complete legal documentation, including a "fresh land ownership certificate" for long-term ownership, the Song Long Urban Area project is considered a "golden opportunity" for increased profits as the recovery cycle has begun.

Boasting numerous outstanding competitive advantages, the Song Long Urban Area project is an extremely attractive "piece of the pie" in the sights of investors and real estate buyers, especially when people are desperately searching for suitable products. The Song Long Urban Area shines brighter than ever in a market currently experiencing a severe shortage of quality supply.

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