Quy Nhon land plot faces the prospect of price increase thanks to the "push" of infrastructure

Quy Nhon in recent years has emerged as a potential destination for real estate giants, which has created a boost for this high-class resort resort, dragging on the housing market. This place is also becoming more and more exciting.

Destination of many "real estate" giants

According to the Vietnam Tourism Development Master Plan to 2020, with a vision to 2030, the South Central Coast is a key tourism region with outstanding features of sea and island tourism associated with cultural and ecological space. sea. In particular, Quy Nhon and the surrounding area will become one of the national and regional tourism centers.

Currently, Quy Nhon province receives about 2 million tourists each year, an increase of 2.6 times compared to 5 years ago. By 2020, Binh Dinh province will attract about 5.5 million tourists (equivalent to the current Da Nang) with a turnover of about VND 10,000 billion, an annual growth rate of 25%.

To serve the needs of customers, the infrastructure in Quy Nhon is being promoted. According to statistics in the first 6 months of 2017, Binh Dinh has attracted 45 domestic invested projects with a total registered capital of over 11,860 billion VND. The most exciting are tourism, infrastructure and commercial urban areas.

Many real estate giants have come to Quy Nhon with large-scale projects such as VinGroup with a tourist area with cable car, Hoa Sen Group with a complex of hotel, commercial, luxury apartments, FLC projects. Group with the FLC Sea Tower Quy Nhon twin tower project and the FLC Quy Nhon resort tourism complex ...

These pushes have led to an increase in housing prices in Quy Nhon, and there is no tendency to cool down in the near future. The actual survey shows that the price of land in Quy Nhon is currently on an average of 30 million / m² - 40 million / m², with favorable locations at a price of about 60 million / m², especially those facing the sea view. with rates up to 150 million / m².

"Hidden gem"

However, not all areas in Quy Nhon have land prices at "hot" levels, most of them are concentrated in big streets in the city center. In fact, if actively surveying data sources, investors can still find the "hidden gems" to invest in some locations a little further, but the potential is and also at a very good price.

At Thi Nai bridge area, the longest bridge in Vietnam leads to Phuong Mai peninsula - the "jewel" of Quy Nhon, 9km northeast of the city center, land price is about 20-25 million VND / m².

A little further, in Eo Gio area, 20 km northeast of Quy Nhon city center, which is known as the most beautiful sunset spot in Vietnam, the new land price is fluctuating around 18-20 million. VND / m².

More attractive, for shophouse townhouses under FLC LuxCity Quy Nhon project in Nhon Ly new urban area, the land price is about VND 10 million / m², which investors consider in the group very attractive compared to the face. at the same price

Through Thi Nai Bridge - the longest bridge across the sea in Vietnam, the transport infrastructure connecting Nhon Ly with Quy Nhon city center is quite convenient. This area is also being invested in a fairly synchronous construction of tourism infrastructure and planning, a new economic development area of ​​the province in order to synchronously connect with famous tourist destinations such as Eo Gio, Ky Co, Cu Lao Xanh ...

For private investment, this is one of the key projects being invested by FLC Group, speeding up the construction progress towards the goal of becoming an upstream marine urban, bringing prices. value for residents with nearly 80 essential synchronized utilities such as hospitals, schools, cinemas, amusement parks ... and attractive destinations such as ocean park, golf course, Safari zoo, street food - entertainment - shopping, outdoor swimming pool ... Besides, the urban area also inherits commercial advantages from the source of tens of thousands of people every day to the FLC Quy Nhon resort complex.

All are favorable factors that make up the prospect of increasing land prices at FLC LuxCity Quy Nhon in the future.

New option when the market is saturated

With prices ranging from VND 10 million / m², land plots in secondary markets like Quy Nhon - Binh Dinh still have room to increase prices more than some primary markets.

According to recent statistics of Vietnam Real Estate Association in 2016, there are about 12,000 condotel apartments and 5,000 new sea villas offered from more than 40 projects, mostly located in Nha Trang, Da Nang and Phu Quoc.

The "fever" of housing in these cities has created a new price ground that is 2 or 3 times higher than the previous one, requiring large initial investment capital, the rate of price increase over time will also be lower than that. with the period of "hot rise".

In this context, considering and diverting investment flows to areas with "high room" of high prices can be considered an indispensable option of wise investors, of which Quy Nhon - Binh Dinh is a in the bright spots.

Tran Ngoc Quang, general secretary of the Vietnam Real Estate Association, said that new markets such as Quy Nhon, Sapa and Quang Ninh will be strong growth markets in the future instead of those markets that were once "the heart." point".

According to the optimistic prediction of Mr. Nguyen Huu Tho - Chairman of Vietnam Tourism Association, if attracting tourists, not only will the business in the province develop, but the price of land and real estate prices in Quy Nhon Will surely skyrocket.

TUAN VIET