Dong Nai is now accommodating more than 260 new urban areas and residential projects mainly positioned in Long Thanh, Nhon Trach, Trang Bom districts and Bien Hoa city.
Dong Nai property market is warning up with massive roll-outs of new properties.
Tin Nghia Group’s Phu Tin Co. has recently signed cooperation agreement with Kim Oanh Real Estate J.S Co. to kick off the Bien Hoa Dragon City project.
 |
| General Director of Kim Oanh Real Estate Co. (2nd,L) and her counterpart of Phu Tin Co. shake hands after signing agreement to develop Bien Hoa Dragon City project. |
Accordingly, Kim Oanh will contribute VND200 billion, or some 49% of the project’s total investment capital, to jointly develop the residential project which covers some 33 hectares designed with villas, row houses and condos. The first phase will include 300 land lots for villas and row houses to be launched into the market in the coming months.
Earlier, Hoang Anh Saigon aired its plan to put on sale Bien Hoa Riverside Garden land plot project with An Hung Phat as developer. The 16ha project in Bien Hoa city will consist of a wide range of land plots for villas, terraced-houses and hi-rises building.
HCM city-based Dat Xanh Group has put real estate from its Suoi Son project and Ho Thien Nga new urban complexes in Dong Nai province’s Trang Bom district on the market. Accordingly, 300 out of Suoi Son project’s 500 land plots had already been sold.
 |
| East Saigon urban complex project |
Developer Nhon Trach Investment J.S Company’s East Saigon urban complex is also scheduled to open for sale in the second quarter of this year. The US$6 billion project covers around 1,000 ha in Nhon Trach new urban area.
Dong Nai is now accommodating more than 260 new urban areas and residential projects mainly positioned in Long Thanh, Nhon Trach, Trang Bom districts and Bien Hoa city.
The US$400 million Hoa Sen Dai Phuoc new urban area project is among them which is developed by a joint venture between VinaCapital and and Development Investment – Construction Company.
 |
| Nhon Trach new city centre project |
Another project is the 600 ha Nhon Trach new city centre developed by Malaysia’s Berjaya Land Berhad. The investment is estimated at US$2 billion.
Dong Nai remains attractive to property investors because of its well-developed and handy transport system, a developer said.
It lies in a major transport hub in the Southern key economic area with superb road, water rail, and air links.
Its transport system is set for further improvement by 2020 with construction of a HCM City-Ba Ria-Vung Tau highway, a rail link between Bien Hoa and Vung Tau, and the Long Thanh-Bien Hoa-Dau Giay and Dau Giay-Da Lat expressways.
Reported by P.V
