Frozen property market starts to thaw

09:06, 15/06/2012

Dong Nai province’s property sector is warming up on the back of easing lending rates.

Dong Nai province’s property sector is warming up on the back of easing lending rates.

Kim Oanh Real Estate Company has recently held a lucky draw to grab customers and its director Dang Thi Kim Oanh revealed Kim Oanh sold 1,000 land plots this year at Binh Duong and Dong Nai province projects.

“From mid-May on, customers paid an increasing attention to these two locations and the property market shot up significantly,” said Oanh.

After two months’ sales around 400 products at Gold Hill urban complex project in the province’s Trang Bom district developed by Dat Xanh Group found owners.

Dat Xanh Group’s chairman Luong Tri Thin said despite the rapid growth in the past months most properties in these two southern locations were just at investment and construction stage.

“Dong Nai would bring a new face after the Ho Chi Minh City-Long Thanh-Dau Giay expressway was put into use from 2013,” Thin said.

Besides, a string of important transport infrastructure projects in the province are now under accelerated construction such as a highway connecting Ho Chi Minh City with southern Ba Ria-Vung Tau province, Bien Hoa-Vung Tau railway and the future Long Thanh international airport.

(Source: VIR)