VUNG TAU: REAL ESTATE MARKET WAS AWAKENED AFTER A "LONG SLEEP"

According to experts, Vung Tau’s real estate market is becoming more and more active thanks to the advantage of connecting the transport infrastructure, socio-economic development and tourism potential. This is the firmly basis, leverage for the real estate market develops quickly and sustainably.

 Potential for the market to "take off"

Recently, Vung Tau has high ranking in the country in terms of attracting foreign direct investment (FDI) and contributing capital to the state budget. Specifically, the province has granted 69 new investment projects, including 29 foreign investment projects with total registered capital of US $ 1.5 billion and 40 domestic investment projects with total registered capital of VND 29,000 billion. (As the statistics in 2017).

The city has two large industrial parks namely Dong Xuyen Industrial Park (160 ha) and Long Son Petroleum Industrial Park (1,250 ha), Long Son Oil Refinery Plant and Southern Petrochemical Complex. In addition, the city has more than 10 seaports and river ports for oil and gas, defense, shipbuilding and import/export. Currently, the city is implementing Sao Mai - Ben Dinh international container transshipment port project.

Vung Tau is also strategically located at the gateway to the East Sea, adjacent to Ho Chi Minh City in the southern key economic region: Only 90 minutes away by car from Ho Chi Minh City via Ho Chi Minh City - Long Thanh - Dau Giay Expressway and extended Highway No. 51.

Besides, Ben Luc - Long Thanh expressway, Vung Tau - Bien Hoa highway, extended Highway No. 56, the avoiding route of Ba Ria to the extension road of Hoi Bai - Chau Pha ... will connect the whole Western region with Dong Nai, Tan Thanh and Ba Ria – Vung Tau easily. Especially, Long Thanh International Airport is planned and step by step completed while Ho Tram airport is being built as an airport for tourism.

Experts in the field said that this is a great potential for the real estate market boom in the coming time.

Destination of investors

Vung Tau is considered as the focus of attention of the "big names" in the real estate. Many real estate businesses have landed in this area with a series of major projects being announced.

As reported by the Department of Planning and Investment of Ba Ria - Vung Tau, up to now, the province has 157 projects with a total area of ​​more than 3,400 ha; total registered capital of over VND 35,000 billion. Of which, there are 18 foreign-invested projects and 139 domestic investment projects.

Noteworthy in recent times, there was the appearance of Vung Tau Gateway project invested by DIC. Specifically, during the launching ceremony of the project on October 27th, Vung Tau Gateway attracted more than 1700 customers and investors with more than 1,000 apartments were traded only after 1 hour of launching. This is considered a new mark in the Vung Tau’s real estate market.

Vung Tau Gateway - A new highlight of Vung Tau’s real estate market

 The project is so attractive because it owns favorable location, conveniently connecting to the city center and inter-provincial transport system. The project only takes 1 hour and 40 minutes to move to HCMC; 1.5 hours away from Long Thanh Airport. Within a 2km radius, Vung Tau Gateway’s residents can easily move to many points in the city such as Paradise Golf Course; Long Cung Beach Tourism Resort ; Chi Linh Beach; Schools; Lotte Mart supermarket etc.

Modern apartment design in Vung Tau Gateway

The project is also formatted with green, clean and resonant living environment designed from the image of sails stretching to the wind - characteristic of the coastal city. Under the talented hands of Australian architecture company - Winter Group, Vung Tau Gateway becomes the center of the city gateway with stylized lines, bends, soft.

Along with that, Vung Tau Gateway also attracts customers by the advanced facilities located in the project such as infinity-edge pool; shopping mall; Children's playground; Gym & Spa; garden landscaping; community activities etc.

Vung Tau Getway is a luxury apartment project built on an area of ​​22,560 m², including two 30-storey buildings (01 basement and 29 floors), a total of 1,538 apartments. Types of apartments and services are stratified harmoniously. Particularly, Floors 1 to 3: commercial centers and shop houses; from Floor 3 to 27: residential apartments; Floor 28 – 29: penthouse apartments.