The growth wave of Hai Phong real estate
According to a survey by the Vietnam Real Estate Brokers Association (VNREA) in Hai Phong, in the first 9 months of 2024, the total volume of real estate transactions in the city increased by more than 50% compared to the same period last year. In particular, the land segment still dominates with 60% of the total transaction volume, followed by the apartment segment with 30% of the total transaction volume.
In addition to the demand in central districts such as Le Chan, Ngo Quyen, Hong Bang, the real estate segment in the suburbs such as Thuy Nguyen, An Duong, Kien Thuy all recorded an increase in transaction volume with a slight price increase trend of 5 - 10%. In particular, the bright spot belongs to the Thuy Nguyen area with very positive changes, when the district is urgently developing synchronously in all fields to achieve the goal of becoming a smart satellite city under the City.
In particular, Thuy Nguyen is also the place with the most low-rise projects in Hai Phong in the coming years. In addition to Vinhomes Royal Island, which opened for sale in March 2024, including a variety of townhouses, shophouses, and villas on Vu Yen Island, which has attracted the attention of many customers, projects such as The Centric, Hoang Huy Green River, Vlasta - Thuy Nguyen, and Bach Dang Urban Area are also becoming the focus of attention of investors.
Real estate prices in this area, according to data from OneHousing, have increased by about 27.6% over the past year and are forecast to grow well in the fourth quarter, creating momentum for a land fever in early 2025.
Thuy Nguyen breaks out to become the center of connection
As one of the five localities with the largest industrial scale in the country, Hai Phong in general and Thuy Nguyen in particular hold many advantages in the industrial real estate sector. The Nguyen Trai bridge project alone across the Cam River, connecting Ngo Quyen district with Thuy Nguyen, has a total investment of more than 6,300 billion VND, aiming to become the lifeline between the old Administrative - Political Center area in Hong Bang district and the new administrative center being implemented in the Bac Song Cam urban area.
At the same time, it creates a solid tripod with 3 previously completed bridges, namely Kien Bridge, Binh Bridge, Hoang Van Thu Bridge, completing the traffic of Thuy Nguyen district, connecting the existing urban area with the new urban area north of Cam River and the main industrial parks in the area such as VSIP, Pha Rung, Minh Duc...
According to VARS, land prices in Thuy Nguyen still have room for growth in the medium term thanks to infrastructure and social development. Compared to neighboring areas such as Quang Yen, Uong Bi, Dong Trieu, Thuy Nguyen has a great advantage when there is still land for development and an attractive price level.
Many areas, typically Nui Deo town, not only have the advantage of being the focal point connecting Thuy Nguyen to the center of Hai Phong and neighboring areas, but are also associated with important historical and cultural values of the nation such as Cao Quy stake field, Bach Dang Giang relic, Song Lo naval relic, Ham Long pagoda, etc. This brings golden opportunities for investors to enter the market early.
Projects focusing on portraying the image of a new vibrant economic center, filled with light and art, establishing a new, high-class living standard system such as Vlasta - Thuy Nguyen from investor Van Phu - Invest are also receiving much attention in this area.
With its location near the historical center, economic gateway and the emergence of a new administrative zone, Thuy Nguyen is becoming a strategic location for urban development of Hai Phong city. According to the adjusted Master Plan to 2040, vision to 2050 approved by the Prime Minister, Hai Phong city is determined to develop according to the model of "Multi-center urban area and satellite cities" with the urban spatial structure of "Two belts - three corridors - three centers and satellite cities".
In which Thuy Nguyen plays an important role in the "Industrial-service economic belt" and "Historical urban center and new administrative urban area North of Cam River". Continuing to develop the two urban areas of Quang Thanh and Minh Duc. These are positive signals that promise to bring a series of investment waves, creating momentum for the vibrant development of the real estate market here in the future.
