Lao Cai real estate market 'heats up' with The Manor Tower's tourist apartment project

Although the real estate market in many localities has slowed down recently, with few transactions. However, in some northern provinces, there are also provinces and cities that are starting to show signs of warming up with the launch of some quality projects that are suitable for people's needs.

Lao Cai is one of the northern provinces where the market is making remarkable changes. This is a locality that is developing because it is located at the bridging position, the transit point and the economic -commercial connection between Vietnam and ASEAN, between Vietnam and the southwestern provinces of China through large-scale international border gates; at the same time, it is a locality with many famous tourist areas such as Sapa, Bac Ha, and dozens of ethnic minorities with unique cultures... Lao Cai has been developing strongly.

Iconic luxury housing projects like The Manor Tower Lao Cai .

Lao Cai is also assessed by many experts as having the potential to become a growth pole of the Northern Midlands and Mountains region and of the economic corridor; and has the conditions to become a tourist center of the region. Notably, in September 2023, Lao Cai opened the new provincial road 155 connecting the national tourist destination of Sa Pa with the Noi Bai - Lao Cai expressway, helping to complete the local traffic system.

Notably, in September 2023, the Prime Minister signed Decision No. 1040 approving the investment policy of the Project "Developing infrastructure and sustainable urban areas in Lao Cai province" using loans from the Asian Development Bank (ADB) with 3 components implemented in the districts: Bat Xat, Bao Thang, Bac Ha and Sa Pa town. After completion, the project will create momentum for sustainable development of infrastructure in Bac Ha, Sa Pa, Lao Cai city, connecting important tourist areas of Sa Pa, Bac Ha, Y Ty and Lao Cai city, contributing to realizing the socio-economic development goals of the locality.

Interior of tourist apartment project The Manor Tower Lao Cai.

With the support of the Central Government, Lao Cai has also approved and called for many other urban, ecological service and social housing projects such as the social housing project in the residential area adjacent to the extended B6 road, Bac Lenh ward, Lao Cai city; Urban service, ecological tourism and high-tech industrial projects of nearly 4,400 hectares in Pho Lu, Bao Thang district.

Famous tourist areas, industrial parks, and border economic zones are expanding, and the demand for sightseeing, relaxation, and settlement is increasing. These factors have helped attract investors to develop various types of real estate in Lao Cai, which has flourished and gradually warmed up after the Covid-19 pandemic.

As an early investor accompanying Lao Cai, BB Group has implemented many iconic high-end housing projects such as The Manor Tower Lao Cai. Currently, this enterprise is also implementing the Irista Hill Sapa Project in Sapa town.

Elevator lobby of The Manor Tower Lao Cai project.

In order to meet the needs of the people, on December 2-3, 2023, Sapa Lao Cai Investment and Development Joint Stock Company under BB Group will open for sale 170 apartments, commercial shops in the podium and introduce the tourist apartment type of The Manor Tower Lao Cai. The price ranges from 26.2 million/m2. Along with complete legal documents, the company also offers many attractive sales policies such as: discounts up to 7% and capital support for investors up to 80% with preferential interest rates.

Also during this time, Irista Hill Sapa will open the first sale with more than 100 apartments from 1 to 3 bedrooms, with prices starting from 24.2 million VND/m2. At the opening ceremony, customers who register to buy a house at Irista Hill Sapa building and make a deposit will enjoy a preferential price of up to 8.5% depending on the payment schedule after signing the contract.

In particular, for both projects, if customers register before November 26, they will receive many other attractive incentives.

Many opinions say that with the implementation of housing projects and the reopening of apartments in Lao Cai, real estate in the Northwest region shows signs of warming up, promising to bring many benefits to investors who quickly start a new cycle of the real estate market in general and the Northwest region in particular.

Ha Anh

Source: https://www.congluan.vn/thi-truong-bat-dong-san-lao-cai-nong-len-voi-du-an-can-ho-du-lich-cua-the-manor-tower-post272774.html