799 Nguyen Van Linh, Tan Phu Ward, Dist. 7, Ho Chi Minh City, Vietnam
Tan Uyen real estate “shines” according to the wave of industrial parks
Tan Uyen real estate market is facing a great opportunity to increase housing demand, especially after the start-up of VSIP III industrial park with a scale of 1,000 hectares.
Tan Uyen becomes Binh Duong’s real estate hotspot
In the first months of 2022, Tan Uyen continuously welcomed many positive information that directly affected the real estate market, making the area increasingly vibrant and attractive to investors. According to the report of Binh Duong Real Estate Joint Stock Company published recently by Batdongsan.com.vn, while the demand for purchase in Thuan An, Thu Dau Mot, Di An tended to decrease from 10-21% in April 2022, Phu Duc and Tan Uyen are again two markets that are “heating up” when the demand for real estate here increased by 17% and 6%, respectively, compared to the same period in 2021.
Explaining the growth trend of demand for real estate in Tan Uyen market, Phu Duc, Mr. Dinh Minh Tuan, Director of Batdongsan.com.vn in the South region said that the trend of property search increased in emerging markets such as Tan Uyen and Phu Duc is inevitable because these markets are recording great fluctuations in planning and infrastructure as well as economic growth. Information about Tan Uyen being planned for the city, the emergence of large industrial projects makes the potential of this market explode in the eyes of investors. Besides, the price of housing here is lower than many other areas of Binh Duong, so the potential for growth is also more abundant.
“Binh Duong is still mainly in the direction of developing urban areas/residential projects next to large industrial zones. The wave growth of the new industrial zones accompanied by the migrant population thanks to synchronously deployed industry and infrastructure will create nudges, creating growth in both demand and prices for emerging markets such as Bau Bang, Tan Uyen, Phu Dinh ”, Tuan emphasized.
Tan Uyen currently has the same population as Ho Chi Minh City. Di An, reaching 416,408 people, along with Thuan An, Di An and Thu Dau Mot formed a development quadrangle, greatly contributing to the economic achievements of the province as well as attracting more and more investment capital, population to live. Tan Uyen has more than 1,205 domestic enterprises, total registered capital of more than VND 13,300 billion and 598 foreign enterprises, total registered capital of more than USD 4 billion are in operation. This market currently owns a fairly synchronous infrastructure system, with traffic well connected to the southern key economic regions.
According to the plan, Tan Uyen has ensured 5/5 standards to upgrade to the city and will be the fourth city in Binh Duong province this year. In the period 2021 – 2025, Tan Uyen will set aside VND 22,179 billion in investment capital, implement urban upgrading projects, roads such as Uyen Hung Avenue, Ring 4, Tel 742, Tel 746 are being urgently built or upgraded to prepare to welcome businesses to invest. This is the great impulse for this market to develop in the coming time.
Many big men flock to Tan Uyen
Many large investors are tending to move to the Tan Uyen region to pick up the price potential. Not to mention, this locality is also the number one name expected to make great strides in socio-economic development after the policy of establishing a city under the province was approved by the People’s Council of Binh Duong province.
Recently, VSIP Group organized the commencement ceremony of VSIP III Industrial Park in Tan Uyen with a scale of 1,000 hectares, total investment capital of VND 6,407 billion. This project is the 3rd project of VSIP brand in Binh Duong and the 11th project of VSIP Group across the country. During the event, many investors around the world were granted investment licenses at VSIP III. The LEGO Group (Denmark), including the construction of the plant with a total investment of more than USD 1 billion, on an area of 44 hectares. In addition, many large industrial zones are attracting foreign investment capital such as Nam Tan Uyen, Uyen Hung, Phu Chanh, Tsunami 3, Dat Cuoc… The presence of VSIP III industrial park will promote the strong increase in housing demand in Tan Uyen in the future when multinational corporations in turn return. VSIP II Industrial Park alone has 70,000 specialists, engineers, domestic and foreign workers working, the demand for accommodation is extremely high.
Not only industrial capital flows, many quality and large-scale housing projects are also being implemented in this market. Nomination, An Gia Real Estate Group has just launched the product line of “Gia Thinh” villas and townhouses in the isolated area of The Standard (Tan Phuoc Khanh 10) with an extremely limited number. The project has a scale of 6.9 hectares including 374 products, serving senior experts and engineers. According to An Gia, this project recorded good demand even during the epidemic due to the scarcity and serving the housing needs of the financial world.
Or Kavi Group has just announced the implementation of the New Norwegian residential area project Central Point. This is a land plot project with a scale of about 225 plots, with a price range of 1.5 -2 billion VND/plot. Earlier, Tan Uyen Real Estate Joint Stock Company also started the construction of 5F Capella project with a scale of 6.7ha, with more than 400 land products for townhouses and shophouses, the sales price is expected to be around 1.3 -2 billion VND/floor. Kim Oanh Group also developed the New Times City Urban Area project, with a scale of 18.6ha with more than 1,100 ground and townhouse products costing from 1.2-1.5 billion VND/floor in the center of Tan Uyen town. In addition, this market also has some existing projects such as Uni Mall Center, Hana Garden Mall, BenCat City Zone, Avenue City, Victory City…
According to the plan, in the near future, this market will have a boom in supply, in which there are few large-scale high-end real estate projects for professionals in industrial zones. The increasing emergence of high-end housing projects will contribute to further diversification of supply as well as meet the diversified housing needs of this market in the coming time.