Looking back at the transformation of the Binh Duong real estate market in 2020

Binh Duong becomes the focus of the southern real estate market

Binh Duong today is one of the localities with the highest urbanization rate in the country. In 2019, according to a report by the Provincial Department of Construction, the urbanization rate in this province reached 80% compared to the national average of only 35%. The urban population living in apartments in Binh Duong in 2019 increased 67 times (02% – 20%) compared to 2009, of which this number nationwide only reached 16 times.

Assessment information from experts attending the 2020 Vietnam Real Estate Annual Conference (VRES 2020) recently organized by batdongsan.com.vn Portal in December this year shows that by 2030, provinces neighboring large urban areas will There will be a faster rate of urbanization.

According to population statistics in 2019, Binh Duong’s population is 19 million people, by 2020 this number will have increased. increased to 25 million people, of which 535% are immigrants and on average welcomes about 90,000 new residents each year. The speed of urbanization is high, the number of immigrants is large and increases steadily each year, and people’s income is also increasing, increasing their ability to pay in general and increasing the level of payment for housing needs in particular. This causes the housing demand here to increase, creating a premise for the development of a new settlement trend: apartments for urban residents.

Report of VRES also points out that in 2020, if the level of interest in land for private houses and townhouses decreases significantly, apartments will still receive the highest attention and maintain the number of listings (primary and secondary supply). In the above context, VRES forecasts that nationwide housing prices in 2021 will tend to be stable like in 2020 and apartment prices will increase.

Year 2020 – Binh Duong real estate transforms more and more professionally

If in the past, Binh Duong market initially developed as a provincial market in Next to Ho Chi Minh City with spontaneous or ineffective development projects, in recent years Binh Duong real estate has changed significantly in terms of professionalism when “big guys” such as Dat Xanh Group, VinhomesHung Thinh… began to participate. investment.

This helps project design, sales, and project development become more professional at a new level. Specifically, the Opal Skyline project on Nguyen Van Tiet street, Thuan Ando city, Dat Xanh Group is the developer and Ha An company is the investor.

Similar to the model of projects invested by Dat Xanh Group as investor or developer, Opal Skyline is located in the center of the young city, adjacent to many administrative agencies, banks, schools… Convenient traffic connection point, fast profit rate. Designed with two 36-storey towers, Opal Skyline has a system of 25 diverse internal amenities with modern standard design from infinity pool to kindergarten, library, gym… for residents. Opal Skyline has more than 1,500 apartments, of which more than 150 3-bedroom apartments account for 10% of the total number of products, the lowest among the apartment product group. This leads to great interest from customers, especially the group of customers who want to buy real estate.

A large number of customers buy apartments for safety purposes. Current residents are young people or newlyweds. But instead of aiming for a 2-bedroom apartment, many families look to the further future when they plan to have more children or welcome grandparents to live with them and look for a 3-bedroom apartment. In addition to the 1-2 main sleeping rooms, the family can flexibly design the remaining room into a reading room, playroom for children, bedroom for guests… increasing the quality of life for the whole family. However, the difficult problem is that the initial accumulated finances are still low.

Understanding this need, Opal Skyline offers a line of 3-bedroom apartments with areas ranging from 85m2 instead of 90m2 to more than 100m2 like most 3-bedroom apartments. common sleep. The smaller apartment area helps the homeowner save a large part of the initial cost and the project developer has optimized the multi-functional space from the common living area to the kitchen to the laundry room… Reference price of the project. The project revolves around 295 million/m2 compared to 35 million/m2 of the Binh Duong market (according to the third quarter 2020 report of the Vietnam Real Estate Association), helping Opal Skyline stand out in the Thuan An market. Only then can we hope that the real estate market will develop stably in the long term and people with real housing needs will have the opportunity to buy housing to reduce the gap between rich and poor in society.

Reference information about Opal Skyline: https://www.opalskyline.vn/</ a>