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Real Estates in Binh Duong Province: Potential emerging market

Update: 09-06-2014 | 00:00:00
Real estates in Binh Duong Province is a new emerging potential market as general evaluation of a workshop hold by CBRE (Vietnam) Co. Ltd. and GuocoLand (Singapore) Corporation at the venue of The Canary Heights – the premium apartment block in Thuan An Town. The workshop was to evaluate real estate market in Binh Duong Province in the first half of 2014 under the topic of “New beginning at a city entrance”.Potential marketUnder data of General Department of Statistics, foreign direct investment (FDI) in projects in Binh Duong Province has been growing to top 3 of the nation regarding real estate investment only after Ho Chi Minh City and Ha Noi by 20.8% FDI accumulation for projects effective to April 2014. A corner of The Canary Heights. Photo by T. Binh Aside from industrial production strength, from 2012, real estate marke in Binh Duong Province has catch the sight of investors for the appearance of educational, medical, shopping, and entertaining services including Lotte Mart, International Eastern Hospital, Hanh Phuc Hospital, Columbia Asia Hospital, Singapore International School, Eastern International University, Vietnam-Germany University, Song Be Golf, AEON Mall, etc.This promoted real estates to develop. According to Mr. Marc Townsend, CEO of CBRE (Vietnam) Co. Ltd., the real estate market was transforming to defreezing in recent years while FDI form Malaysia, South Korea, Japan, and Singapore has been pouring to real estate in Vietnam, signalling the elevation of product quality in the market. In that general picture, Mr. Marc Townsend asserted that the market in Binh Duong Province was emerging with new potentials and the very industrial parks in Binh Duong Province and of major Southern economic zone were luring investors to buy land and construct high-end apartment blocks to service the foreign specialists working here.Under observation of CBRE (Vietnam), those specialists chose to buy apartment in Ho Chi Minh City and accepted the traffic jams and few hours of traveling to work; however, the construction of nearby apartment blocks was the strategic step .Thuan An “portal” initiatedThe survey of CBRE (Vietnam) disclosed that Thuan An Town was the favorable location for apartment purchase as the portal connecting to Ho Chi Minh City. At the locality, The Canary Heights of GuocoLand satisfied not only the nearness to VSIP 1 but also the quality and standards brought by a prestige investor from Singapore.Representative of GuocoLand said that The Canary Heights in Binh Duong Province was the first ever complex of GuocoLand in Vietnam to cover 17.5 ha at the very favorable location of direct opposite to Song Be Golf and 35-minute away from Ho Chi Minh City.At The Canary Heights, all demands for modern lifestyle are satisfied for 1,200 Singapore-standard apartments are present along with AEON Mall – the biggest shopping center in the South.The office and shops of Canary Plaza offer the most necessary facilities of banking, restaurant and working office to residents of The Canary and neighbor localities.Besides, a project of international school has put into use ever since 2009 with capacity of receiving 500 students from pre-school to high school.Of the project, The Canary Heights offer only 190 premium apartments to the market with swimming pools, gyms, children entertaining zones, and green trees inspiring the standard life.In the face of fast development, FDI has been playing important parts in improving and developing high-end apartments to satisfy the reality needs.Reported by T. Minh – Translated by Vi Bao
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