Binh Duong Real Estate Market Flourishing with New Supply

By Business Today

The vibrant real estate market in Binh Duong province has recently witnessed the emergence of new supply. As the young city of Binh Duong’s industrial hub, Tan Uyen is known for its strategic location, connecting several dynamic urban areas such as Thu Dau Mot, Thuan An, Di An, and Dong Nai.

Thanks to its prime location, Tan Uyen has received significant investments in its transportation infrastructure, including key roads such as DT 747, DT 746, and the prominent Vang Dai 4 and Dai Lo Uyen Hung projects. Leveraging its existing potential, Tan Uyen will complement other areas in Binh Duong, focusing on industrial, commercial, and service development. According to a report by the People’s Committee of Tan Uyen City, estimated industrial and construction production value in 2023 is expected to reach 37,332 billion VND, an increase of 13.14% compared to 2022. The total retail sales of goods and consumer service revenue is projected to reach 21,936 billion VND, a 23.27% increase compared to 2022. This growth is a positive sign, especially considering the challenging economic conditions of the past year, and demonstrates Tan Uyen’s potential in the industrial, service, and commercial sectors.

The flourishing economy, particularly in the industrial sector, serves as a driving force to attract residents and increase demand for housing. Consequently, property values in this area are expected to grow strongly.

Moreover, the revised laws on housing, real estate business, and land that will officially take effect on January 1, 2025, promise to be the key to resolving bottlenecks and accelerating the real estate market’s recovery. Therefore, 2024 is a golden opportunity to invest in property before the market enters a period of renewed growth.

New Supply from the Thriving City of Tan Uyen

The combination of a prime location and an opportune time creates an irreplaceable golden opportunity. Capturing this opportunity, Cona Land, a project developer, has introduced a top-notch living and investment project in Tan Uyen.

The Hoang Nam – Uyen Hung Residential and Commercial Area is an integrated development that includes townhouses and land lots. In 2024, it will become a diverse supply source for customers and investors in Binh Duong.

Located on the frontage of To Huu Street (DH 412) in Uyen Hung Ward, Hoang Nam – Uyen Hung stands out as a prominent center in the gateway area of Tan Uyen. Its valuable position is further reinforced by its developed transportation system, including DT 747, DT 746, and the planning of Dai Lo Uyen Hung and Vang Dai 4, providing a solid infrastructure foundation for both Tan Uyen in general and Hoang Nam – Uyen Hung in particular.

With its strategic position, Hoang Nam – Uyen Hung residents can easily connect to important amenities and services, such as various levels of schools, the Tan Uyen City Police Station, healthcare centers, the Tan Uyen Night Market, and administrative centers. These facilities ensure a convenient and modern lifestyle.

In addition to its prime location, Hoang Nam – Uyen Hung boasts impressive internal facilities that affirm its high-quality standards. The modern shopping center within the development not only offers convenient shopping but also provides diverse meeting and entertainment spaces, catering to every family’s needs.

A green and spacious park in Hoang Nam – Uyen Hung provides an ideal environment for residents to enjoy fresh air and relaxation. Additionally, the development features schools within the community, ensuring a solid foundation for quality education for children.

With numerous promising factors and a well-established legal framework, Hoang Nam – Uyen Hung is considered a promising investment opportunity in the near future.

Caption: School landscape within the Hoang Nam – Uyen Hung mixed-use development.