Investing in suburban land to catch the explosive growth trend

Investing in suburban land to catch the explosive growth trend

The population is increasing day by day, but the land is not expanding. Therefore, real estate everywhere will be expensive, just different from the boom time. So in the North, where will the land plot start to explode in the near future? Let’s connect the data of policy and planning to answer that question.

Policy on development planning of the city on both banks of the Red River

The city development plan on both sides of the Red River has been mentioned for many years, but due to some planning problems, it has not been implemented yet. However, with the latest moves, it can be seen that the future city along the banks of the Red River is completely feasible and in the process of being formed.

According to Decision 1259/QD-TTg dated July 26, 2011 on the approval of the Hanoi Capital Construction Master Plan to 2030 and a vision to 2050, the area on both sides of the Red River is the central spatial axis of the landscape. The center of the capital, is the place to arrange parks, large cultural and entertainment works to organize meaningful events of the capital.

Along with Decision 1259/QD-TTg dated 26/07/2011, Hanoi capital developed according to the urban cluster model including the central urban area and 5 satellite towns and towns connected by the system. Ring road traffic combines radial axes and is linked with regional and national traffic networks. The central urban area is separated from satellite towns and towns by a green corridor (accounting for 70% of the city’s natural land area). In which, the North to Me Linh, Dong Anh and the East to Gia Lam and Long Bien areas are in the central urban area. A series of commercial service centers and large urban areas will be built in this area such as: the 90-hectare National Exhibition Center will be built in Dong Anh (the old center in Giang Vo) , Ba Dinh); Kim Quy Park; raising the Co Loa relic site; Smart urban area of ​​BRG; Vinhomes Co Loa; etc

New bridges: A prerequisite for outstanding growth

The bridge projects connecting the two riverbanks are a sign for the development of the city on both sides of the Red River. According to Decision No. 519/QD-TTg on approving the Transport Planning of Hanoi Capital to 2030, with a vision to 2050, Hanoi will have 18 road works crossing the Red River. The city will build a series of new bridges such as: Vinh Tuy 2 bridge, Tu Lien bridge, Tran Hung Dao bridge/tunnel, Me So bridge, etc. In which, Vinh Tuy 2 bridge was started on January 9, 2021. . Chairman of the City People’s Committee said that Vinh Tuy Bridge phase 2 will increase traffic capacity between the two banks of the Red River, meeting the increasing transport demand between the center of the capital and the North and Northeast regions. .

Investment in suburban land to catch the explosive growth trend - Photo 1.

At the same time, the city will also advocate building four new bridges across the Duong River, the section passing through Hanoi, including: Duong 2 bridge, Ngoc Thuy bridge, Giang Bien bridge and Mai Lam bridge. Among them, Duong 2 bridge over Duong river directly connects Long Bien and Gia Lam districts with Bac Ninh province, significantly shortening the distance from Bac Ninh to the central inner city districts, even closer. compared to some suburban locations.

The bridges across the Red and Duong rivers directly connecting the central areas of the capital and the northern and northeastern provinces are the prerequisites to create a strong development momentum for real estate in this area.

Real Estate Tu Son, Bac Ninh – A bright golden land

Before the wave of investment shifting out of China, especially during the Covid-19 epidemic, industrial real estate is a golden opportunity for investors. Bac Ninh – the gateway to the northeast of Hanoi capital – is a land full of potential. Bac Ninh connects easily to airports, seaports and road border gates; owns many large industrial parks such as Hanaka, Tien Son, Que Vo, Yen Phong, Dai Dong, etc. with many factories of famous brands such as SamSung (Korea), Canon (Japan), Foxxconn (Taiwan). ), etc., attracting more than 11 thousand foreigners from 37 countries and territories who are doing business in the province.

Moreover, the land of Kinh Bac, known as the FDI “capital” of the whole country, is expected to become a city directly under the Central Government in 2022 according to Decision No. 558/QD dated May 15, 2019 approved by the Prime Minister. government approved.

Investment in suburban land to catch the explosive growth trend - Photo 2.

As one of the two economic, cultural and educational centers of Bac Ninh and the only town in Bac Ninh, Tu Son is directly adjacent to Hanoi capital in the key development area; Only 18km from the center of Hanoi, 25km to Noi Bai International Airport. With the advantage of a golden connection location, Tu Son Real Estate enjoys double potential from both the planning of Bac Ninh becoming a city directly under the Central Government and the expansion planning of Hanoi capital, bringing real estate here with an inch of golden earth. However, the value of real estate in the central street of Tu Son is currently only fluctuating at the price of 60 million VND/m2. It can be seen that the increase in real estate value in Tu Son in particular and Bac Ninh in general is an inevitable and bright trend in the near future.


According to Economic Life

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