Quang Nam real estate market recovery

By TRAN HUU |

(QNO) - Real estate transaction in Quang Nam province is recovering thanks to the macro stimulus policy of the Government of Viet Nam on estate market  and some key investment projects here.

The 30,000 billion VND preferential loan package of the Government has contributed to the real estate market stimulus. This preferential loans package aimed at addressing the need for housing of low/average-income public servants and employees.

3,300 average areas priced below 300 million VND/ area in An Ha Quang Phu residential area sold out. Photo: T.H
3,300 average areas priced below 300 million VND/ area in An Ha Quang Phu residential area sold out. Photo: T.H

The real estate market in Quang Nam province has become “hot” in the appearance of the billion- dollar projects and the strategic transport construction. This helps speed up Tam Ky city’s eastern part and economic development.

Tam Thang Industrial Zone (IZ), after 10-year freeze, has attracted 10 investors. Factories and manufactures construction here are being accelerated. Besides, Dien Bien Phu bridge across Ban Thach river is expected to start in the near future.

Mr. Nguyen Duc Hanh- President of   Quang Nam Infrastructure Development Investment joint stock company said that 300 unsold areas has been sold out.

In Dien Nam- Dien Ngoc urban area,  hundreds of grounds have been sold since 2015. Phu Gia Thinh Constructions and Real Estate Joint stock Company is going to develop An Thinh new urban area (Dien Nam- Dien Ngoc IZ) with 360 apartments and 468 grounds to meet the demands of over 30,000 experts and workers in the IZ and households. In addition, many subdivided grounds are priced around 200 million VND in Nui Thanh, Phu Ninh, Tien Phuoc,… districts.

Some residential areas in Quang Nam are in house construction season. There is no longer “virtual fever”. According to Quang Nam Construction Department, the provincial real estate market is in supply-demand balance phase. Hopefully, with the growth of land price and purchase, it continues the recovering impetus in 2016.

By TRAN HUU