Quang Binh real estate receives large capital flows

Quang Binh real estate receives large capital flows

The mass of big real estate developers in the beginning of the third quarter of 2019 started to land in Quang Binh, making the regional market become hotter than ever.

Accompanying with the developers' landing is a large number of out-of-province visitors from the beginning of the "down" with new projects in Quang Binh.

Many large distributors participated in the game

In the first half of 2019, Quang Binh market welcomes a large unit that has started "exploring" the Quang Binh market which is Dat Xanh (including 2 developers of Dat Xanh North Central and Dat Xanh Da Nang) with projects. South East Le Loi and Muong Phong Thuy projects in Dong Hoi area.

With the potential of great advantages of the market such as a well-invested project, complete synchronization of infrastructure as well as legal assurance, plus a good and very quick sales strategy, the two projects above have been Interested customers receive huge. Including a large number of customers and investors from other provinces.

Quang Binh market is expected to be very exciting with competition from major real estate project developers.

Before Dat Xanh, in 2018, another big unit, First Real, was also present in Quang Binh market with two projects Sunrise Bao Ninh and Truong Thinh commercial housing area in Dong Hoi City. The presence of First Real is a "push" to make the Quang Binh real estate market become a "new focus" on the real estate map of Vietnam. The success of the two projects has shown the great position of the Quang Binh market in the overall real estate picture in the middle Vietnam as well as helping investors to pay attention to this emerging market. At the same time, an important contribution to the Quang Binh market accelerated in the first half of 2019.

After Dat Xanh, First Real, Linkhouse Mien Trung - a large real estate trading floor in Da Nang has also started to "play" in Quang Binh market with a new project in Ba Don area, Quang Binh.

Most recently, at the beginning of the third quarter of 2019, the Quang Binh real estate market continued to welcome three other large distribution and project development units in Da Nang, Truong Gia Phat, Thien Thanh Long and Dong Phong Land entered the market with the Golden Lake project in the central area of North Dong Hoi.

Golden Lake is a project that has been interested by many investors and customers inside and outside Quang Binh province during the first half of 2019 when this is the only project in the central region due to the completion of 100% infrastructure items; approved 1/500 detailed planning, environmental impact assessment report; issue a land use right certificate for each lot and is the only project performed by the investor who is eligible for the transfer.

Although all legal procedures have been completed before January 2019, however, after more than 8 months of preparation, until now this project has officially been publicized by 3 units of Truong Gia Phat, Thien Thanh Long and Dong Phong Land. announced to the market.

Liquidity continued to remain high

If 2018 is considered to be the time when the Quang Binh real estate market goes "against the market" when the trading volume reaches a record high, different from the gloomy situation of markets in the central region, In 2019, Quang Binh market has entered the stage of "creating a firm position" on the national real estate map.

A report from the Land Development Fund - Quang Binh People's Committee, said that the accumulated land use fee in 6 months is about 1,824 billion.

Golden Lake project will be officially introduced to the market in August-2019, this is the only project in the central market currently implemented by investors who have enough conditions to transfer as prescribed.

Some of the projects with large transaction volume recorded in the first 6 months were: Eastern Project on Phung Hung Street successfully auctioned 39/39 lots with VND 62 billion, an increase of 19.6 billion VND. with a reserve price; The Le Ky riverside project successfully completed 35/41 lots, gaining 92.3 billion dong, increasing 14.9 billion dong from the starting price; The Northwest Le Loi project successfully completed 84/84 lots with VND 119.1 billion compared to the starting price; The project of technical infrastructure of the O O area, Loc Ninh commune successfully auctioned 27 lots to VND 22.7 billion, an increase of VND 11.4 billion compared to the starting price; The project of creating land fund of Sa Dong - Bao Ninh urban area successfully auctioned 35/35 lots, collected VND 197.07 billion, increased VND 25.3 billion compared to the starting price...

Remarkably, right after these auctions ended, it appeared that many investors were willing to "pay a higher premium" to hold back the winning lots.

It can be seen that the aforementioned figures show a huge amount of transactions from the Quang Binh market in the first half of 2019. If 2018 only the central Dong Hoi market generates heat, almost the first half of 2019, this heat has spread to surrounding areas such as Quang Ninh and Bac Dong Hoi - Hoan Lao.

With the participation of many major developers, as well as great potential advantages from Quang Binh market (land prices are cheaper than localities in the region; complete project infrastructure; legal assurance; The second half of 2019 is predicted by industry experts, investors and customers to be the time when the Quang Binh real estate market will record explosive transactions and the market. This area will officially "overtake" the two markets of Da Nang - Quang Nam to become the "focal point" of the real estate market in the middle Vietnam.

According to T.A

Quang Binh Real Estate: Opportunities thanks to growing tourism

Quang Binh Real Estate: Opportunities thanks to growing tourism

Positive signals from tourism are strongly affecting the real estate market in Quang Binh, especially the segment of resort real estate and investment products such as land plots.

International visitors to Quang Binh increased sharply

Quang Binh is known as the locality with the advantages and potential of leading tourism development in Vietnam, voted by the New York Times as the most attractive destination in the world, with diverse and abundant tourism resources with world natural heritage Phong Nha - Ke Bang, beautiful beaches, Vietnam's longest coastal sandy strip, the land of spiritual masterpieces, the intersection and continuity of many cultures, creating values Unique and unique.

Quang Binh tourist destination contains global values with a system of thousands of caves such as Son Doong - the largest cave in the world, Khe Ry cave with the longest underground river in the world, Thien Duong cave is Asia's longest dry cave; is the main studio of the blockbuster movie "Kong: Skull Island"... So far, tourism in Quang Binh has gradually affirmed the position and brand of destinations on domestic and international tourist maps.

Quang Binh is blessed with many beautiful national and international landscapes

According to a report of the Department of Tourism of Quang Binh Province, as of mid-June 2019, tourists to Quang Binh were estimated at 2.45 million, up 20% over the same period last year, of which international visitors were more than 133,000 arrivals, up by 31%. Phong Nha - Ke Bang continues to be on the list of the most experienced destinations in Vietnam voted by the world's leading travel magazine Lonely Planet. Quang Binh is also a highlight of Vietnam's tourism promotion program in Western Europe in October 2018.

It is expected that in 2019, Quang Binh will welcome 4.3 million visitors, including 250,000-300,000 international visitors; The total revenue from tourists reaches 4,950 billion VND; the accommodation system is estimated to reach 1.14 days/person... aiming to make Quang Binh one of the top attractive destinations in Southeast Asia, the capital of adventure tourism and experience of Asia.

Undeniably, the remarkable growth of tourism has been strongly affecting the real estate market in Quang Binh, especially the segment of resort real estate and investment products such as land plots.

New land "attracts" investment capital

At the Investment Promotion Conference of Quang Binh Province held at the end of 2018, there were 66 investment projects in the locality with a total capital of 168,869 billion VND, including the presence of large enterprises such as Viet Group, Vingroup... are contributing to turning the beautiful unexploited coastal areas into potential "golden land".

Tourism and commerce development have led to the demand for real estate ownership in the dynamic "kingdom" of Quang Binh, especially in the central area of Dong Hoi city and Nhat Le - Bao Ninh coastal area.

According to a survey of market research units, by June 2019, the price of land in the downtown area has exceeded the threshold of VND 20 million/m2, doubling over the same period in 2018. With 2km to the sea, the land price in 2018 ranged from 15-20 million dong/m2, up to now 40 to 45 million dong/ m2 depending on the area.

Urban areas are planned and designed to improve the living standards for the people of Nhat Le beach

Real estate experts said that, in addition to the growth of tourism, there are three other important causes that make the Quang Binh real estate market hotter in recent years.

Firstly, Quang Binh is focusing on a system of high-class economic and industrial zones (EZs, IZs), strongly attracting investors and thousands of local, foreign and domestic workers, engineers and experts. about working, creating a great demand for real estate. Up to now, the Economic and Industrial Zones in the area have 118 investment projects with a total registered capital of over VND 45,000 billion.

Secondly, the Quang Binh transport system is changing day by day with a series of completed works such as the opening of Nhat Le 2 bridge connecting the center of Dong Hoi city with Bao Ninh peninsula; opening of the first international flight Dong Hoi - Chiang Mai; routes Dong Hoi - Hanoi. This is one of the main factors that make Quang Binh increasingly interested and sought by investors.

Thirdly, compared with the veteran real estate markets, housing prices in Quang Binh are still very cheap, only 20-30% of the land prices of the markets of Da Nang - Nha Trang - Phu Quoc.

Professor Dang Hung Vo, former Deputy Minister of Natural Resources and Environment, said: “We are familiar with the hot spots of the market such as Da Nang, Nha Trang or Phu Quoc. At some point, these markets will be saturated. And maybe these locations are no longer hot, but will move to other locations such as Phu Yen and Quang Binh. These areas are not much different in their potential and may become a faster growing area.”

With many favorable factors, many experts predict that Quang Binh real estate will boom and develop sustainably in the period of 2019 - 2023. This is an opportunity for real estate businesses and investors come to explore.

According to M.H

Land trigger unleashed, real estate prices in Quang Binh have increased 100%

Land trigger unleashed, real estate prices in Quang Binh have increased 100%

The 10th session, term XVII, term 2016-2021 People's Council of Quang Binh took place from 10-12/7. At the questioning session, many delegates questioned negative signs and instability, which was caused by the "trigger" of the land creating a "virtual hot status" of the real estate market.

On the afternoon of July 11, at the questioning session of the 10th session, Session XVII, term 2016-2021 People's Council of Quang Binh province, many delegates were very interested and asked questions related to the "virtual hot status" land price situation in the recently.

Delegate Nguyen Viet Hai, Delegation of Dong Hoi City, raised issues about real estate prices in Quang Binh province affecting economic development and social life.

"In recent years, Quang Binh has focused on real estate development, many urban areas have been spacious and modernized. People have the opportunity to improve housing, the province has also called for many investors, solve many jobs for many people and have collected significant budget in this field (accounting for over 30% of total budget revenue)" - said Mr. Hai.

Session 10, Session XVII, term 2016-2021 People's Council of Quang Binh province.

However, by the beginning of 2019, the real estate price situation in the province had great changes. In particular, the market price of land increased abnormally, in some places it increased or less than 100%, the market price of land rose too high compared to the real value and income of people in the province.

In Quang Binh, many "triggers" and real estate transaction channels appear, especially on social networks. Many land triggers come out of the province to "blow" land prices to dizzy with many different tactics, causing market disturbances. The situation of land trigger makes notarized documents to create virtual "waves", but there is no transfer to the name, registration tax payment, income tax payment.

Some real estate companies in other provinces and cities appeared in the area, using tricks such as gathering land in the project area to create land fund through auction, impersonating state projects, drawing more items, sold when there are not enough legal procedures with much higher prices, causing many consequences for society and people, causing market instability.

Delegate Nguyen Viet Hai said that the real estate market is not stable, the price is blowing higher than the real price will lead to great consequences. That is, investors will be very reluctant to invest in this area, which will make it difficult to collect revenue for the real estate sector in the coming years.

Over the past time, Quang Binh province has focused on developing many new urban infrastructures.

And delegates Le Thuan Van, Le Thuy district delegation said that in the first 6 months of the year, the real estate market of Quang Binh province had certain changes, creating a craze on land prices that made many people mistaking demand for land, created a "virtual hot status" of land prices.

In the face of the "trigger" of land manipulating the real estate market, the delegates expected the province to direct more drastically and have many solutions to promote the real estate market to develop in a healthy way.

Mr. Hoang Dang Quang, Secretary of the Provincial Party Committee - Chairman of Quang Binh Provincial People's Council chaired the questioning session, said that in recent years, the real estate market in the province had really had many optimistic and very exciting signals but there are signs of "bubble", "virtual hot status", which is not true to the real value.

"The provincial People's Committee and relevant departments and agencies should closely monitor and timely grasp information on real estate market developments, prevent land price fever and control investors' phenomenon of pushing up land prices to manipulate and speculate leading to bubbles in the real estate market" - Provincial Party Committee Secretary - Chairman of People's Council Hoang Dang Quang directed at the questioning session.

According to Thanh Ha

Quang Binh real estate picture 2019: The time of the foundation land "crowned"

Quang Binh real estate picture 2019: The time of the foundation land "crowned"

Quang Binh resort real estate has just been developed at an early stage (Source: Internet)

Attraction of new markets

If before 2017, Da Nang and Nha Trang were considered the focal points of the Central real estate market, from the second half of 2017 onwards, this focus is shifting to neighboring provinces like Quang Binh, Quang Ngai, Phu Yen, Binh Dinh... where there is a large land fund with many potentials and advantages to develop real estate for sea tourism. In particular, Quang Binh - known as the "kingdom of cave" with the second longest coastline in the Central region (116 km) is fully converging to become the new focal point of the market. Over the past two years, Quang Binh real estate market has been developing vibrantly with a plentiful supply mainly from large tourism projects located near the sea. This appearance makes Quang Binh market expand its attractiveness, no longer encapsulated in the local area, but increasingly attract investors from all over the country, leading to a rapid rise in land prices here.

According to a recent survey of a distribution unit in Central Vietnam, the area around the central twin tower project in Ho Chi Minh City. Dong Hoi, the price of land has exceeded the threshold of 20 million VND/m2, doubling when compared with the same period in 2018. 2km from the city center towards Nhat Le coastal resort and Bao Ninh sea, the land price increased from 15 - 20 million VND/m2 in 2018 up to 35-40 million VND/m2 depending on the current time.

If the comparison can be seen, the increase price band of Quang Binh real estate is now similar to Da Nang 4-5 years ago. At that time, a lot of lands at My Khe beach was only 37 million VND/m2, but so far they has increased nearly 7 times. Also a few years ago, the price of land in Dong Hoi was only a few million VND/m2, after the entry of many large projects, the land price increased to 40 million VND/m2 in beautiful locations. Not only that, the suburban area connecting convenient transportation with the city also received an impressive price increase cycle. For example, around the area of Hai Ninh commune, Quang Ninh district, land plots near projects with perfect infrastructure, reputable investors are always in the sights of many investors.

Notably, since FLC Group implemented the construction of Quang Binh FLC project and the road connecting National Highway 1A to Hai Ninh Sea, the price of land opposite to the project has increased about 5 times: from 2 - 4 million VND/m2 at the beginning of 2018 to 10 - 15 million VND/m2 at the beginning of 2019 and there is no sign of stopping. 4 - 5 km away, residential land prices and planned land in Hai Ninh and Hai Thiep communes increased from 200 - 500 thousand VND/m2 to 2.5 - 5 million VND/m2.

The emergence of big tourism real estate projects pushed Quang Binh land price up (Source: Internet)

The "budding" potential

There is a rapid increase in amplitude, but Quang Binh's land price is still quite low compared to cities such as Da Nang and Nha Trang while the tourism potential and development of Quang Binh is very large and is not "awakened" yet. Not only possessing the natural pristine beauty of the sea, Quang Binh also has a mysterious and wonderful cave ecosystem that is gradually being discovered. As a result, tourism activities of the province over the past two years have prospered, increasing the number of tourists in 2018 to the highest ever, with 3.9 million, up 18% compared to 2017.

Particularly in the first quarter of 2019, the total number of tourists to Quang Binh is estimated at 895,000 arrivals, an increase of 12.6% compared to the same period of 2018. With the current growth rate, by 2020, Quang Binh will welcome about 5,5 million visitors, becoming one of the major tourist centers of the Central region. The transportation system of Quang Binh is also changing in a synchronous direction, a series of key works completed such as: connecting Nhat Le bridge 2 connecting the city center. Dong Hoi with Bao Ninh peninsula; opening the first international route Dong Hoi - Chiang Mai; Recently, Bamboo Airways has just opened the flight of Dong Hoi - Hanoi; Domestic flights from Dong Hoi were also boosted by airlines. Along with that, many projects about to renovate and expand arterial roads, upgrade airports... are being proposed and implemented by the province.

Tourism infrastructure developed, Quang Binh became a "promising land" to attract famous local real estate enterprises. As in August 2018, the province granted investment certificates to 66 projects with a total capital of US $7.34 billion. Including many complex projects, large-scale resort tourism complex invested by reputable corporations has been implemented steadily. Some completed projects initially created a positive signal for the tourism industry, for example, a continuous golf course project in Quang Binh FLC complex of nearly 2,000 hectares, with a total investment of VND 20,000 billion, 36 The first golf hole went into operation from July 2018, becoming a new level of destination for many visitors.

In addition to infrastructure, many modern and unique recreational facilities and entertainment facilities are also being focused on by investors such as 5-star hotel, sand park, night zoo, marina... with a view to bringing new tourism appearance, helping real estate here increase more value in the long term. 

According to Nam Ha - Nhip Song Kinh Te