Wednesday, April 8 2020

VietNamNews

Cần Thơ solicits investment in housing

Update: March, 16/2020 - 07:26

 

A corner of Cần Thơ. The city real estate market is expected to enjoy good growth this year. — VNA/VNS Photo

HCM CITY — Cần Thơ City, the most developed locality in the Cửu Long (Mekong) Delta, continues to seek investment in housing projects.

According to analysts, the city housing market will enjoy steady growth this year.

Thiều Quang Thái, vice chairman of the Cần Thơ Real Estate Association, said the market would continue to grow thanks to the Government’s investment in transport infrastructure.

Investment by city-based real estate firms as well as those from other localities in lands has perked up the market.

Nguyễn Minh Trí, director of Tín Phát Real Estate Company, said the market would continue to grow strongly because the city is the delta’s urban hub and economic growth would cause housing demand to surge.

The prices of some residential projects have risen by up three times in two years.

In the Cửu Long - Him Lam urban area, the price is now VNĐ20-22 million (some US$865-950) per square metre. It is VNĐ22-25 million ($950-1,079) in the Hồng Loan Residential Area Lot 5C, VNĐ17-25 million ($733-1,079) in the Stella Mega City residential area, VNĐ15-23 million (about $647-992) in the Cồn Khương Cửu Long- Him Lam residential area, and VNĐ35-40 million ($1,508-1,724) in the Nam Long-Hồng Phát residential area.

An 80-100sq.m of land in Phú An and Tân Phú resettlement areas in Cái Răng District now costs VNĐ1.2 - 1.5 billion ($51,700-64,700), up from just VNĐ250-300 million two years ago.

The availability of proper infrastructure is one of the factors stimulating the growth of the market, Thái said.

The city is carrying out a scheme to exploit lands in 2017-21 while conforming with overall planning.

It will quickly clear encumbrances on lands to ensure investors can begin work quickly and achieve maximum investment efficiency.

Cần Thơ has a number of advantages that can enable it to become one of the country’s real estate hubs.

It has attracted many large developers like Vingroup, Novaland, FLC, and LDG. — VNS

 

 

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