In recent years, Hai Phong real estate has recorded impressive growth, driven by many factors, especially after merging with Hai Duong province, Hai Phong is considered a super city with strong growth drivers.
Breakthrough infrastructure: The transportation system is synchronized with the Hanoi - Hai Phong expressway, the large-scale Lach Huyen port, Cat Bi international airport is upgraded, the Lao Cai - Hai Phong expressway line is soon deployed to connect the super-regional and international region conveniently, shortening the geographical distance.
Dynamic economy: As an industrial center, a large seaport in the North, strongly attracting FDI corporations (Japan, Korea, Taiwan...). Industrial parks such as Nomura, Dinh Vu, VSIP, Nam Dinh Vu... operate effectively, creating a large source of income and stable housing needs for workers and experts.
methodical planning: The city focuses on developing urban areas in a satellite direction, expanding central neighboring areas such as: An Duong, Kien An, Kim Thanh, Kinh Mon with synchronous planning of technical and social infrastructure.
Attractive price level: Compared to the general level of other major cities, Hai Phong real estate has a more reasonable price, creating many investment and settlement opportunities for many subjects.
After merging with Hai Duong, Hai Phong's population reached 4.6 million people, GDP ranked 3rd nationwide, most of the country's large real estate corporations participated in super projects to create a large supply to meet housing needs in the 3rd largest urban area in the country. Real estate giants such as Kinh Bac, Van Phu Invest... have all had quite large land funds ahead of growth.
The diversity of product supply also contributes to the vibrant market, projects of medium scale and reasonable prices have attracted a large number of customers who buy them for living and investing. Some projects near the administrative center such as Hong An Happy House, Him Lam Central Park in Hong An ward (old Hong Bang) are not large-scale but take advantage of existing social infrastructure, prices lower than the general level, creating attraction for customers.
With the Hong An Happy House project located next to the Hong An ward headquarters, 2km from Quan Toan, with a value of nearly 4 billion VND, customers can now buy a roughly built house, if calculated at the price according to the construction area of only about 9tr/m2.
In addition to commercial housing projects, Hai Phong is a pioneer locality in the country in reaching the finish line early in the goal of building social housing.
From 2022 to present, Hai Phong City currently has 9 social housing projects with a total scale of 15,000 apartments that have started construction and are under construction according to approved schedule. In addition, in Hai Phong City, there are 21 social housing projects with about 20,400 apartments that have had policy decisions and selected investors who are completing legal procedures and site clearance to start construction, ensuring the set progress. This locality has also oriented, planned, and arranged land funds for about 42 locations with an area of nearly 500 hectares to implement social housing projects.
When markets such as Hanoi, Ho Chi Minh City, and Da Nang have anchored real estate prices at very high levels, and investment opportunities are increasingly narrowing, Hai Phong seems to open a new door for investors. The formation of a super urban, industrial and service, Logistics has begun and Hai Phong is truly a promised land for customers and investors.
