Prime location opens up Mong Cai real estate investment

International trade gateway

Located in the northeastern tip of the country, Mong Cai city is emerging as a spearhead of economic development not only for Quang Ninh province but also affirming its position as an important “gateway” connecting with the billion-people country and the world. In particular, in recent years, Mong Cai has witnessed a dramatic transformation thanks to the gradually improved traffic connections, including roads, sea routes and air routes.

Regarding roads, the Van Don - Mong Cai Expressway, which was put into operation in early 2023, has helped Mong Cai connect conveniently with Ha Long, Hai Phong, and Hanoi . The expressway project starts at the Ha Long - Van Don Expressway and ends at the Bac Luan II Bridge approach road (connecting to Dongxing City, Guangxi, China), creating the longest expressway in Vietnam and also a road corridor and traffic gateway connecting the northern provinces of Vietnam with ASEAN and China, facilitating the transport of goods and international trade through Mong Cai International Border Gate.

Mong Cai International Border Gate is where import and export activities take place. In 2022, despite China temporarily suspending customs clearance during the pandemic, the city's total import and export turnover still reached 3.5 billion USD.

Mong Cai is also the only border city in Vietnam that is located both on the border and on the sea. In the context of maritime trade increasingly becoming an important channel of international logistics, this location will bring Mong Cai an extremely strong opportunity to make a breakthrough.

This place also owns the only international border gate with the connection time to the international airport taking only about 50 minutes, an advantage that gives Mong Cai strong breakthrough potential.

According to experts, systematic planning and complete transport infrastructure are solid supports to unleash the potential and enhance the position of Mong Cai. This is also an important driving force marking the strong growth and transformation of the real estate market here. Because when transportation is convenient, the orientations on urban, industrial and tourism development in the planning are implemented, the demand for accommodation, accommodation, and resorts in Mong Cai will increase rapidly. It is expected that by 2025, the city will attract about 102,000 workers, along with millions of tourists, investors and senior experts to research, seek investment and work opportunities.

"Golden coordinates" for real estate investors

Wherever there is complete infrastructure, the value of real estate will increase sharply. Perfect traffic connections by road, air and sea are becoming a strong push to help Mong Cai attract investors.

With a total natural area of over 121,000 hectares, Mong Cai is the largest border economic zone among 28 border economic zones nationwide. Of which, the land fund reserved for new development is nearly 16,000 hectares, which is qualified to attract large-scale projects. Currently, big names such as Vingroup, Sungroup, Ecopark, Vinaconex... have all researched to invest in building large-scale, synchronous real estate projects in Mong Cai.

In particular, Vingroup soon saw the potential of the border city of Mong Cai and laid the foundation in the Mong Cai market since 2018 with the Vincom commercial center and shophouse complex project right in the city center.

Many real estate giants have landed in Mong Cai, of which Vinhomes Golden Avenue is one of the rare projects with thorough investment and synchronous planning.

In early July, the real estate market continued to be excited by the news that the Vinhomes Golden Avenue project of a giant with a scale of more than 110 hectares is about to be launched on the market. Vinhomes Golden Avenue owns a prime location in the new center of Mong Cai city and is also an important trade artery connecting the provinces of Vietnam with the coastal provinces of South China as well as in the cooperation process of the ASEAN - China free trade area.

As Vingroup's first large-scale project in Mong Cai, Vinhomes Golden Avenue is planned according to a design model that combines a bustling, trendy residential and business environment, opening up sustainable and outstanding investment potential.

From an investment perspective, many economic experts believe that the need to own real estate with clear legal status from reputable investors is the top choice for buyers. Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that basically, the land market still has great room for development, especially in areas and localities with strong infrastructure development such as Mong Cai. The appearance of Vinhomes Golden Avenue promises to be a factor that triggers the explosion of the Northern real estate market in the second half of 2023.

PV

Source: https://www.congluan.vn/vi-tri-dac-dia-khoi-mach-dau-tu-bat-dong-san-mong-cai-post255742.html