Giants are making big waves in Long An real estate market

“ Thousand billions VND” project

Located in Ben Luc, Long An, Nam Long’s group urban area project, Waterfront, has total area of 355 hectares stretching along the front of road 830; the remaining three sides are surrounded by Vam Co Dong River. This "golden location” is as a gateway connecting directly between Ho Chi Minh City and Mekong Delta provinces with a population of 30 million people.
Waterpoint is planned to include townhouses, villas, shophouses and apartments; office complex; shopping center, service and entertainment areas; hospital; preschool education - primary school; University; hospital; sports complex ... Mr. Nguyen Xuan Quang, Chairman of Nam Long Group, confirmed that Waterpoint will be developed as a small city, fully facilitated but closer to the nature and rivers. Besides, outdoor activities areas are also designed to enhance mobility and connection between the residents.
In particular, a 21 hectare central park is integrated in the urban area, combined with the canal system and the landscape throughout the city. If completed, Waterpoint would certainly become a unique urban area with living environment similar to Phu My Hung.
Not only Nam Long, many big real estate developers are also seeking opportunity in Long An. Recently, Him Lam Corporation has proposed the establishment of a 32,000-hectare open economic zone in Can Giuoc and Can Duoc, including hi-tech agricultural areas, eco-urban areas, industrial parks, international seaports and urban areas.
Vingroup is believed to also propose a research and investment in an living urban area complex project, combing with entertainment areas with total size of 900 hectares in Duc Hoa district. It will include Vinhomes, Vinschool, Vinmec ... In early 2018, Vingroup launched the Vincom project in Tan An with a five-storey Vincom shopping center and shophouses.
Not staying out of the game, Van Thinh Phat Group has also been approved by Long An authorities to invest in 36 projects. The total area of these projects is over 2,100 hectares. Thaco has also been approved to invest in Truong Hai International Industrial Park in Duc Hue district with an area of 162 hectares.

Road 830 is upgraded, bringing new opportunities for real estate projects

Real estate is bouncing

Le Hoang Chau, chairman of the HCM City Real Estate Association (HoREA), said that under the Ho Chi Minh City Planning Scheme, the 3 districts Can Giuoc, Ben Luc and Duc Hoa of Long An will be the satellite city of Ho Chi Minh City. Besides, transportation infrastructure and rapid urbanization will be a driving force for Long An real estate market to grow in the near future.
In fact, Long An real estate prices is also in rising trend like Ho Chi Minh City and Dong Nai. Some projects are Vietnam Lotus Village, Cat Tuong Phu Sinh, Phuc An City, Tran Anh Riverside or Bella Vista ... Survey shows that in many areas, land prices have now increased about 50% compared with 2017. With some of the projects that have convenient traffic, crowded population, the price may double but still attract many investors.
According to the real estate experts, besides the flow moving accordingly with HCM City urban development plan and the landing of "giants", the potential of Long An’s real estate also comes from the infrastructure being strongly invested to create a driving force for economic development. Along with Highway 1 and Sai Gon - Trung Luong highway, Long An has a number of ongoing large projects such as Ben Luc - Long Thanh, Ring Road 4, Provincial Road 830, Tan Son Nhat - Long expressway... An additional four projects were announced at the Investment Promotion Conference in Long An province in 2016 with a capital of up to VND 14,300 billion, including Tien Giang - Long An – HCM City transport axis with investment capital 230 million USD; Tan An Ring Road with a total investment capital of VND 3,300 billion; traffic axis connected to Mai Ba Huong street (HCMC), infrastructure investment in industrial parks, residential areas in Ben Luc and Duc Hoa with a total investment of about VND 6000 billion.
Where there is investment in infrastructure will certainly lead to the development of real estate market and strongly attract investment capital. Recently, many foreign corporations have moved to Long An seeking investment opportunities. For example, some Japanese and Malaysian investors are taking the final steps with Nam Long to invest in the Waterpoint project. A Chinese corporation also wants to cooperate with Thai Son Company to invest in a large industrial estate project in Ben Luc ... This is the reason to persuade investors that the property market in Long An will continue to growth significantly in the upcoming time.

Long An international seaport is expected to increase Long An’s economic growth.