Many property developers in HCM City's neighbouring provinces of Binh Duong, Long An and Dong Nai plan to launch sales of properties in their projects next month in the hopes that the market will become more dynamic at the end of this year.
Many property developers in HCM City's neighbouring provinces of Binh Duong, Long An and Dong Nai plan to launch sales of properties in their projects next month in the hopes that the market will become more dynamic at the end of this year.
In Binh Duong, a series of projects will be launched in next month.
For instance, the An Cu Lac Nghiep Property Co will offer for sale properties in the IJC Commercial Town project in My Phuoc Urban Area. The project, covering an area of 43,923 square metres has a total investment capital of VND450 billion (US$21.6 million).
The company said that in Phase 1, the investor would offer 100 land lots for sale. However, customers had already registered to buy more than 90 per cent of these lots in August.
Early next month, the Becamex Infrastructure Development Joint Stock Co and Tac Dat Tac Vang Real Estate Co will put up for sale properties in Green River Market and Trade Centre project which is expected to become a trading hub in the southern province.
On August 25, the Kim Oanh Property Joint Stock Co and TDC Co launched their 55ha City Garden project in the My Phuoc 4 Urban Area, which includes apartments, villas and a trade centre. The price for land lots in the project begins at VND1.7 million ($81.7) per square metre.
In Dong Nai Province, Dat Xanh Group will officially offer properties in the Suoi Son Urban Area for sale next month.
The project is said to have much potential because it is located adjacent to the Giang Dien Waterfall Eco-tourism Park.
The project, covering an area of 117ha, has total investment capital of VND4,575 billion ($220 million).
Meanwhile, Pacific Property and Infrastructure Development Joint Stock Co. (PPI) and its partner, Thu Duc Housing Development Corporation, have said the joint venture would gauge market demand by presenting 100 land lots in the Long Hoi City project's Phase 1 for sale in early September.
The project is located in Long An Province.
The 100 lots cover a total area of more than 26ha and the price offered is VND2.95 million ($141.8) per square metre.
Dang Thi Kim Oanh, general director of Kim Oanh Co, said in general, the property market was still facing difficulties.
However, the market in provinces neighbouring HCM City attracted more attention from customers, she said.
The advantage in these localities is the cheap price, compared to HCM City. It only costs customers several hundred million dong to own a land lot while infrastructure is being developed quickly and comprehensive links established to HCM City.
Luong Tri Thin, chairman of Dat Xanh Group, said that at a time when the monetary market, including the stock market and foreign currency markets, had become quiet and gold was fluctuating strongly, investors should shift their attention to the property market as a safe investment channel.
Furthermore, property prices in Dong Nai, Binh Duong and Long An were considered to be fairly cheap, he said.
(Source: VNS)
