Mountainous real estate attracts visitors

Along with the strong centrifugal trend, the real estate market in the Northern mountainous provinces also seized the opportunity to welcome potential investors.


The Northern mountainous provinces are starting to attract real estate investors


Lao Cai go ahead


The centrifugal trend is happening strongly with traditional real estate markets such as Hanoi and Ho Chi Minh City, which are considered as a favorable time for the provinces in the highland and upland areas to call for and attract investment.


Talking to reporters of Real Estate Investment Newspaper, Ms. Trang Bui, Director of JLL Vietnam Market Division said that recently, more and more real estate investors have announced their development plans in market outside Hanoi. It should also be understood that, even though just announced, but the preparation process took place several years ago. It partly shows the careful preparation of the investors, shows the ability to forecast the market and leapfrog of potential businesses and visions.


"It can be said that if it is up to now, the enterprise will only develop land fund, it will be late", Ms. Trang Bui emphasized.


In recent years, when Hanoi land fund is increasingly tight, many investors have been actively seeking land funds, accumulating land resources in coastal provinces, even in border provinces to implement current offshore fishing strategy, sustainable development and increased brand and product coverage.
It is not difficult to see how Lao Cai has changed its flesh with the presence of real estate giants. Sun Group returned to Lao Cai with the Sun World Fansipan Legend complex, which upgraded the tourism ranking for Lao Cai in general and Sapa in particular to a new level.


In addition to Sun Group, the presence of other names such as Vingroup, Kosy or Bitexco has also made the city's urban face. Lao Cai becomes brighter, more spacious and more modern. The fact that many large businesses come to Lao Cai also offers more opportunities to experience high-end real estate products for local people.


Photo: Thanh Nguyen


Lao Cai has also recently approved the list of projects calling for investment in the city. Lao Cai, with an estimated total capital of VND 14,162 billion. Projects in many segments such as commercial centers, entertainment and housing, new urban areas, cultural parks, entertainment and sports.


Most recently, Alphanam Group also announced the cooperation with Bill Bensley's "world resort king" to design the JW Marriott Sapa Resort & Spa Project.
"We want to create a high-class resort product that has a distinctive mark but still ensures harmony with nature, culture and people to work towards sustainable development for Sapa" said the representative. of Alphanam Group shares about this cooperation.


According to the report of Real Estate Investment Newspaper, this project owns a beautiful location in Muong Hoa valley, Sapa. Most likely, this cooperation will bring tourism in particular Sapa, Lao Cai in general on the high-end tourism map.


Lang Son followed the steps


Like Lao Cai, Lang Son is also a border province. However, the real estate market in Lang is underdeveloped, even at an early stage.


On 09/30 to here, in the city. Lang Son, Lang Son Investment Promotion Conference will take place in 2019. According to the disclosure of Mr. Nguyen Huu Chien, Director of the Department of Planning and Investment of Lang Son province, there will be a capital inflow of VND 80,000 billion with 100 projects. flowing to Lang Son in the near future.


Answering the report of Real Estate Investment Newspaper, Mr. Nguyen Cong Truong, Vice Chairman of Lang Son People's Committee said that there have been many big enterprises interested and invested in the province, including Vingroup and Sun Group. , FLC Group, TMS Group, Apec Group... with many large-scale projects.


“We are committed to supporting and creating the best conditions for investors such as tax exemptions, quick resolution of procedures related to site clearance and administrative procedures. In particular, businesses will step up in implementing projects after licensing”, Mr. Truong emphasized.


Also according to Truong, Lang Son is focusing on developing urban areas and ecological urban areas associated with tourism. The form of application is open bidding to select qualified investors to implement the project.


Recognizing the potential of Lang Son, Mr. Nguyen Viet Thung, Vice President of TMS Group, said: “We are investing in Lang Son because we see a lot of potential and opportunities in this locality. Lang Son now has many favorable conditions such as the Hanoi - Lang Son highway, in the near future, it only takes 90 minutes to be able to move from Hanoi to Lang Son. In addition, the business relationship between Vietnam and China is growing, and Lang Son is one of the border provinces playing an important role.”


Especially, according to Mr. Thung, the real estate market in Lang Son is still in its infancy, so the planning work will be good and there will be many opportunities for pioneer investors. Lang Son possesses beautiful and interesting natural landscape with many limestone mountains and good natural conditions and climate.


"We will invest in both segments: residential real estate, small urban areas (from 500 hectares or less) and a combination of real estate for tourism and golf" Mr. Thung said.


“Every inch of land is a piece of gold and Lang Son will try to turn this resource into gold, into a source of revenue and make a change for the face of the city. Lang Son is currently making efforts to awaken and effectively exploit the available potentials, including land. Opportunities are coming, Lang Son as a young girl atop Mau Son is being awakened by investors. The Sarus Crane will lead other birds to Lang”, Mr. Truong added.

"We will invest in both segments: residential real estate, small urban areas (from 500 hectares or less) and a combination of real estate for tourism and golf”, Mr. Thung said.


“Every inch of land is a piece of gold and Lang Son will try to turn this resource into gold, into a source of revenue and make a change for the face of the city. Lang Son is currently making efforts to awaken and effectively exploit the available potentials, including land. Opportunities are coming, Lang Son as a young girl atop Mau Son is being awakened by investors. The Sarus Crane will lead other birds to Lang”, Truong added.

According to Thanh Nguyen