Transportation projects confirmed from now until 2025 are expected to increase the potential for Long An’s real estate and help attract investors.
From now till 2025, Long An will invest in 9 transportation projects connecting traffic to HCMC with a total investment of more than VND 23,000 billion.
The potential of Long An’s Real Estate
Among the upcoming transport infrastructure, the 14-kilometer long provincial road 823D, running from Ho Chi Minh City to N2 intersection (Duc Hoa district) has a total investment ofVND 1,400 billion.
Besides, Luong Hoa - Binh Chanh road is 6,2 km long, with a total investment of VND 2,270 billion. Provincial road 827E is about 16-kilometer long, with a total investment of VND 2,153 billion, starting at the roundabout in Can Giuoc and ending at Vam Co Dong river.
The green living space in Vam Co Dong riverside attracts residents.
Other inter-regional roads in Long An will also be expanded including national highway 1, national highway 50, Duc Hoa - Chon Thanh (Binh Phuoc) expressway, An Suong - Ben Luc - Tan An expressway, Ring Road 3, Ring Road 4. Metro line Ben Thanh - Tan Kien and railway HCMC - Long An - Can Tho in planning also promise a positive impact on Long An’s real estate.
In addition, the two highways Ho Chi Minh City - Trung Luong and Ben Luc - Long Thanh also contribute to the overall development of the province, thereby creating opportunities for the real estate market.
Besides the location advantage, i.e. bordering Ho Chi Minh City and the connecting bridge between the East and Southwest region, Long An International Port is also an advantage for import and export. Travel time from Long An to Long Thanh airport via the Ben Luc - Long Thanh expressway or the HCMC - Long Thanh - Dau Giay expressway is also short.
Finding a large area of land in Ho Chi Minh is gradually becoming impossible, especially in satellite urban areas. Land prices in Ho Chi Minh City also increase so the potential for increment is not high. Long An is therefore a potential destination for investors as infrastructure development completes and industries and services grow.
The areas bordering HCMC such as Ben Luc and Can Giuoc have had positive changes. The latest report from DKRA Vietnam showed that the market in Ho Chi Minh City and neighboring provinces is highly active. Particularly in the townhouse/villa segment, there were 1,387 products launched in November, the consumption rate increased 2.8 times compared to the previous month.
According to DKRA Vietnam, the supply of villas/townhouses was not the same in different areas. Long An had limited supply but demand was soaring. Projects located in large urban areas became the point of attraction for buyers who were looking for satellite properties.
The international port offers many advantages to Long An’s real estate market.
Choosing projects in Long An to invest
Analysts believe that when transport infrastructure developments are completed, Long An’s market will be more exciting. Existing projects have recently recorded an increase in the number of customer inquiries and transactions.
However, investors are recommended to research and choose projects developed by big and reputable companies, with synchronous infrastructure and facility systems. Above all, project legality should be prioritized to avoid risks.
For example, in Waterpoint integrated township located on the facade of DT 830, with three sides surrounded by Vam Co Dong river, the number of visitors doubled last month according to Nam Long. The project has handed over hundreds of Valora townhouses and villas in Aquaria 1 and Rivera 1 subdivisions to residents.
Facilities including riverside clubhouses in Rivera 1 Marina, Aquaria, Country Club, 3-hectare sports complex, commercial and services complex, local and inter-regional bus system, 8.6-ha freshwater bay, outdoor cinema, security system, local park, local clubhouse in Rivera 1, Japanese garden in Aquaria 1, etc. have been also opened.
Many buyers showed interests in Valora townhouses and villas in Waterpoint.
Nam Long is introducing the collection of luxury product Grand Villas, located in the first compound of the Aquaria subdivision. Located next to the freshwater bay and stretching over 3.5 hectares of the riverside park, these properties are attracting many customers.