HA NOI (VNS)— Southern Dong Nai Province's land plot segment is most attractive to investors/speculators.
Buyers purchasing villas/ townhouses buy property as second homes, or for future residences, according to Savills Viet Nam, a foreign property consulting firm.
The average price of active apartment projects ranges from approximately US$690 to $900 per square metre, or $58,000 to $90,000 per unit.
The population of Dong Nai in 2011 is 2.66 million people, 70 per cent of which are at working age.
There are 31 operational industrial parks (IPs) in Dong Nai covering a total area of 9,300ha; more than 6,200ha are leasable.
The large supply of industrial parks attracts employees and expatriates, increasing residential demand.
The weak infrastructure development and lack of social facilities are obstacles to attracting immigrants from adjacent areas. Therefore, the market is dominated by investors/ speculators rather than end users.— VNS