Ha Long Real Estate 2018: The year of hinge welcomes new opportunities

Ha Long Real Estate 2018: The year of hinge welcomes new opportunities

In 2018, tourism and real estate (real estate) is still the key segment, recording a lively transaction in Ha Long. This is also an important segment that real estate developers have high expectations in 2019

In the last days of 2018, people and investors in Quang Ninh and Ha Long in particular are full of confidence and optimism when the province simultaneously opened 3 major infrastructure projects that are extremely important for the economy. local economy.

Van Don airport officially opened and welcomed the first commercial flight on December 30.

The official operation of airports, seaports, highways on the same day is not only significant to mark a successful year of socio-economic Quang Ninh but also opens opportunities for real estate in hot spots such as Ha Long.

Looking back at 2018, from the investment orientation of Van Don economic zone, the breakthrough in improving the non-waterway transportation network to the impressive growth of the tourism industry ... all contributed part to create heat for Ha Long real estate.

The market was active but strongly differentiated

So far, Ha Long real estate market has basically been divided into 2 main areas: Hon Gai and Bai Chay. In particular, the excitement of Bai Chay focuses on tourism real estate and major product lines such as resort villas, condotel, shophouse.

In 2018, like many other markets, condotel recorded a decrease in supply for many reasons, as assessed by Mr. Nguyen Tran Nam - Chairman of Vietnam Real Estate Association, including legal obstacles, capital flows, and doubting investors' operating capacity and selling prices pushed up too high. In Ha Long, the most interesting segment is not the condotel; instead, commercial townhouse products (shophouse) create a great attraction.

Market developments showed that the shophouse continued its momentum from the previous years, especially the shophouse line in tourist populations. This product with a special advantage over shophouse in big cities is to integrate the form of staying business, benefiting from a huge flow of tourists and easy access to local residents, being invested by investors. High price by competitiveness.

Ha Long - Van Don highway with a total investment of VND 12,000 billion, nearly 60 km long.

If time-consuming dissection of market periods last year, noted in Ha Long shows, since the fever of "special ground land" earlier this year, the following months and especially at the end of the quarter III at the beginning of the fourth quarter, the time of traffic clearance for Ha Long highway - Hai Phong and inaugurated Bach Dang bridge, the market was more exciting.

Mr. Vu Kiem - Director of Real Estate Floor in Ha Long said: “Last year, positive signals on infrastructure stimulated tourists immediately, while investors also excitedly approached the market. school to seek investment opportunities. According to Mr. Kiem, in September and October, a number of projects with unexpected rapid sales speed, high demand also made the price level increase sharply in the secondary market.

Mr. Duc Hai, an investor from Hanoi also acknowledged, infrastructure is one of the factors that make investors "lock in" faster with "out of stock" products at this stage. At the same time, "hand-to-hand" transactions (transfer transactions among investors) take place with high liquidity.

Notably, "projects with good location on the big road or close to the beach are very good, can be different to billions", a specialist in Quang Ninh assessed. This development can be extended when at present, along the big road in Bai Chay, the position close to the bay and near the sea, the location of beautiful land for real estate development is gradually exhausted.

According to experts, after the downturn of the coastal real estate fever, it is understandable that investors are focusing their attention on opportunities in sustainable markets with strong "base" from the economy. local and other important supporting factors such as tourism, infrastructure.

Bright door for 2019

In 2018, Vietnam tourism served over 80 million domestic tourists, welcomed about 15.6 million international visitors, total revenue from tourism reached VND 620,000 billion. An impressive parameter when 1/3 of these international visitors arrived in Quang Ninh with Ha Long is a destination not to be missed.

Ha Long tourism has paved the way for real estate development.

Speaking at the opening ceremony of Van Don airport that took place yesterday (December 30), Prime Minister Nguyen Xuan Phuc believed that Quang Ninh would raise the number of tourists from the current 15 million to 50 million in the future.

According to the Prime Minister, Quang Ninh has the potential to attract more and more tourists and newly opened projects (Van Don airport and Ha Long highway - Van Don and Ha international tourist ship port. Long) will contribute to that goal.

This factor plus the positive movements of the general market, tourism real estate and resorts in Ha Long stand before the new year 2019 is promising.

According to Ms. Duong Thuy Dung - CBRE Vietnam, in the coming years is the year of Phu Quoc and Ha Long markets ... with better operating results than long-term markets such as Nha Trang and Da Nang. under pressure of supply.

There was no supply pressure, meaning that the segments with many advantages and highlights such as shophouse are forecast to continue to record the hunt of investors next year, which may lead to higher prices. However, according to long-term investors, this only happens to real estate with beautiful land, large road surface in Bai Chay area, the product line has very limited supply in Ha Long at this time.

Van Phuong