14/10/2021
WHY EAST HANOI REAL ESTATE IS VERY POTENTIAL
📣 According to the new Red River Urban Planning and population distribution plan by 2030 announced by Hanoi city, there are at least 215,000 people in 4 districts: Ba Dinh, Hoan Kiem, D**g Da, Hai Ba Trung will have to move out of the city. This new wave of displacement is forecasted to cause real estate demand in the East to rise in the near future.
📣 From mid-2020, many large corporations have planned to move production lines to Vietnam. With the support of the Japanese Government, 15 Japanese enterprises want to move production to Vietnam. By the end of 2020, high-tech electronics and telecommunications manufacturer Foxconn, which specializes in supplying and manufacturing key components for Apple, and Vina Solar Technology - a Chinese solar battery manufacturing company, also offered to wish to invest in Hai Duong. It is this strong investment that has led to a sharp increase in the demand for luxury accommodation for international professionals.
📣 But in fact, the industrial capitals near Hanoi such as Bac Ninh, Hai Duong ... are falling into the situation of undersupply for high-end apartment projects for professionals. Specifically, according to CBRE's report, Hai Duong is the workplace of more than 30,000 foreign experts, but at the moment, there are only 1,500 apartments in social housing projects with poor equipment. Therefore, nearly 80% of experts working in Hai Duong only have the option of staying in Hanoi and moving between Hai Duong - Hanoi every day.
📣 Mr. Takahashi Tsuyoshi (Japan), an expert at an electronic component manufacturing company said: “Living and working in Vietnam for nearly 5 years, but I still have to travel between Hai Duong and Hanoi every day. In the future, if there is a high-end residential area closer to Hai Duong, I will move right away."
📣 In the face of this wave of displacement, the East of Hanoi is currently one of the options targeted by people like Mr. Tsuyoshi. Possessing the advantage of a favorable location, adjacent to the northern provinces and cities of industrial capital such as Bac Ninh, Hai Duong, Hai Phong ... with a large land fund to develop real estate projects in the direction of a mega-urban area, East Hanoi area is forecasted to emerge as the new center of the region, especially high-end projects for the expert community.