Vincom Shophouse Diamond Legacy – rare real estate in Vinh ancient town

Vinh City ( Nghe An ) lacks new project supply in the central area. This pushes existing projects such as Vincom Shophouse Diamond Legacy to become rare goods in the market.

Scarcity of products in central area

The survey shows that the central area of Vinh City has little vacant land, little new supply and quite high transaction prices, both for high-rise and low-rise products. Major roads such as Quang Trung, Le Hong Phong, Le Nin... recorded the highest prices in the market with an average asking price of 120 - 160 million VND/m2 of land. However, the supply here is quite scarce and there are few offers because most people have moved in or rented out stably.

For the low-rise real estate segment, the Vinh market currently has more than 20 projects with more than 7,500 housing and land products, of which nearly 5,000 products have been opened for sale. In the period of 2020-2022, supply did not increase much due to few large projects being launched, or if there were any, they were located far from the center.

Mr. Thanh Trung, an investor in Nghe An, said that Vinh city is lacking a well-invested project with complete amenities in the central area because there is not much clean land left.

“In this context, investors will focus on prioritizing products with new models, serving business needs and bringing good cash flow. Especially projects located in central areas, developed by reputable investors will have more advantages,” said Mr. Trung.

Vincom Shophouse Diamond Legacy is a rare project located in the central area with synchronous investment.

In addition, the expanded Vinh City was recognized as meeting the criteria of a first-class urban area last June. This is both a milestone and an important boost to promote the socio-economic development of the locality. The city's infrastructure and transportation network are being invested synchronously in terms of roads, sea routes and air routes.

Nghe An province has approved a priority infrastructure project and urban development adapting to climate change in Vinh city, with a total investment of more than 4,500 billion VND... The project will change the face of this place, build a number of connecting roads, and increase green space for the city through the construction of public space infrastructure.

In addition, the newly effective real estate laws are also a driving force for Vinh city to develop legal projects, increasing the confidence of investors. According to experts, projects with prime locations and possessing a system of classy and unique utilities are more attractive.

Rare project meets investment needs

In the context of Vinh City lacking low-rise products with synchronous investment, which can meet the needs of commercial exploitation in central areas, the appearance of Vincom Shophouse Diamond Legacy immediately attracted the attention of investors in the region. Because, this is a rare project in Vinh City that meets the investment needs of customers with many outstanding advantages.

Vincom Shophouse Diamond Legacy is located right in the center of Vinh City, adjacent to the main roads of Quang Trung, Hong Bang, Dinh Cong Trang, adjacent to the most dynamic areas such as Vinh Station, Vinh Market, Vinh University... This is a golden location for trading and business when welcoming a rich flow of customers from many places.

In addition to its location advantage, Vincom Shophouse Diamond Legacy also scores absolutely with its model of a complex of modern commercial townhouses and luxury apartments with amenities appearing for the first time in Vinh City. These include the 35-storey Sheraton Vinh Hotel, the tallest in Nghe An, the first Vincom Vincom Plaza shopping mall in Nghe An, the Vinh Lotus Residence tower with nearly 400 luxury apartments and 61 trendy shophouses. This complex will create a comprehensive "all-in-one" ecosystem with all the needs from accommodation, relaxation, commerce to settlement.

A unique commercial, shopping and entertainment center of the city is also being formed here, ensuring a stable and abundant source of customers for the shophouses in the project. Future residents of Vinh Lotus Residence will be a group of customers with high incomes, willing to spend on shopping, relaxation and entertainment experiences. In particular, the project also welcomes domestic and international conference and event (MICE) guests to stay, attend conferences, seminars... at the Sheraton Vinh Hotel, bringing unprecedented potential business opportunities.

With the “all-in-one” model, Vincom Shophouse Diamond Legacy is the most classy commercial – shopping – entertainment center in Vinh city.

Thanks to that, shophouse investors in the project can diversify their business types, from high-end boutique stores, restaurants, stylish cafes or health care, relaxation, beauty services... to meet the needs of a huge number of customers.

Another strength of Vincom Shophouse Diamond Legacy is the ability to exploit and generate profits because the project has been completed, ready to be put into operation, business, and recover capital. Currently, the shophouses in the project have been and are being handed over to customers. The infrastructure surrounding the project has also taken shape, creating a bustling, vibrant complex at the present time. With solid legal status and the reputation of the investor, investors will be completely assured when putting down their money.

“With a limited quantity of only 61 shophouses, and a series of advantages in terms of handover progress, business potential and legality, Vincom Shophouse Diamond Legacy is a product that meets the needs of investors in the North Central region to own assets that are both “durable” and have the ability to generate quick profits,” said Mr. Thanh Trung.

Source: https://baodautu.vn/batdongsan/vincom-shophouse-diamond-legacy—rare-real-estate-in-pho-co-thanh-vinh-d224047.html