Why Bac Ninh is a "fertile" land for real estate development?
The advantage of location is that at the gateway to the south of the capital, Bac Ninh is now at a rapid pace of development thanks to the concentration of a series of industrial parks, which is a condition for promoting other fields, especially real estate.
Top localities on attracting FDI
As a province bordering Hanoi with advantages in connection and trade, Bac Ninh is not only known as a sacred land with extraordinary people but also a locality with many cultural identities. Bac Ninh is now also the area rich in potential to exploit development of other areas thanks to FDI attraction.
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| Perspective of Phuc Ninh new urban area |
At the time of re-establishment in 1997, the province had only 4 projects with a total investment capital of USD 177.6 million, so far there have been 1,082 direct investment projects of 32 countries and territories with a total of invested over $ 15.5 billion. With favorable geo-location, safe and attractive investment environment, foreign direct investment in Bac Ninh has continuously increased over the years.
This has made Bac Ninh one of the leading provinces in terms of attractiveness of FDI projects. South Korea is the country with the largest number of projects and investments with more than $ 10 billion; FDI projects in the province mainly in the processing industry with registered capital of more than $ 14.6 billion, accounting for 96% of total FDI in the province.
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| Phuc Ninh new urban area has a favorable location adjacent to the administrative center of Bac Ninh city |
FDI projects in Bac Ninh are also highly valued by the investment of large corporations and global brands such as Canon (Japan), Samsung (Korea), Nokia (Finland), Pepsico (United States), ABB (Sweden) ...
External forces promote internal force
Attracting foreign direct investment FDI is considered as one of the external exploitation measures to promote internal resources. It is not only an opportunity to address social security issues such as solving employment problems but also directly affecting other sectors such as health care, education and real estate.
The fact that large FDI projects are being expanded in Bac Ninh will also involve a large number of foreign experts working in industrial parks and hi-tech parks. There are now more than 45,000 foreign experts and engineers, and the work force has increased from 20-25% annually in Bac Ninh.
Therefore, experts said that Bac Ninh convergence all the elements real estate developemnt. High-end real estate products are well received, which is a good signal for the development of integrated urban areas.
Recently, Kinh Bac Corporation (KBC) has cooperated with Hai Phat Land to introduce the project and investment opportunities in Phuc Ninh new urban area adjacent to Bac Ninh City Administrative Center.
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| The project is designed by Surbana (Singapore) Company is the leading unit in Asia |
This will be one of the modern urban areas that are prioritized by local authorities to make Bac Ninh a first class city and a prerequisite for the future of the city.
With an area of 136.47 hectares, Phuc Ninh new urban area is currently the most comprehensive and synchronous investment project in Bac Ninh city. Designed by Singaporean Surbana Company, this project is considered as a model urban area that will change the appearance of Bac Ninh city.
Phuc Ninh has quickly created a great attraction for Bac Ninh people and real estate investors. At the presentation of this project, the investor has thousands of customers, investors interested. This shows that the market of townhouses and villas in Bac Ninh City in well-planned urban areas is always very expensive, receiving great attention of local people.
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| Phu Ninh urban model will change the appearance of urban Bac Ninh |
One of the factors contributing to the breakthrough and the key to the stability and potential of the Bac Ninh real estate market is Reform Policy on housing ownership for foreigners to own homes in Vietnam.
In addition, the strong development of transport infrastructure and infrastructure around the city has also positively affected the real estate market in Bac Ninh.
The high-end real estate products in Bac Ninh are quickly attracting investors, in addition to Bac Ninh, which is considered as a potential market with the strengths to develop real estate such as The economic growth of the country has been booming, with the influx of tens of thousands of specialists, investors are expected to increase the price of Bac Ninh real estate in the future when the city becomes a city. under the central.
(Source: baodautu.vn)
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