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A series of giants ‘landed’, the Ha Tinh real estate market was vibrant

June 8, 2021


With large corporations “landing” to invest in Ha Tinh such as Vingroup, T&T, FLC, Crystal Bay… Ha Tinh is changing its urban face day by day. Therefore, the real estate market here also becomes very active.

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A corner of the city.  Ha Tinh

A corner of the city. Ha Tinh

According to Ha Tinh’s economic development target to 2025, this province strives for a higher GRDP per capita than the North Central provinces. By 2030, to become a good province of the country with an average GRDP of nearly 7,000 USD, increasing to 17,700 USD in 2045 and 26,000 USD in 2050; With a vision to 2050, the urbanization rate will reach about 70%. Ha Tinh targets four key economic sectors, which are processing, manufacturing, and energy; Agriculture, forestry and fisheries; trade – services and tourism; Services of Logistics.

With 3 urban centers planned for development, including: The urban center around Ha Tinh city, of which Ha Tinh city is the nucleus; the northern urban center is Hong Linh town; The southern urban center is Ky Anh town. Ha Tinh city is the central urban area, and surrounding satellite towns include: Thach Ha town, Cam Xuyen town and Loc Ha town. This urban center will become the center of commerce – tourism, science – training center of the province.

The northern urban center is Hong Linh town associated with Tien Dien town, Xuan An town and its vicinity. Development space of the urban center in the direction of the south bank of the Lam River, together with satellite towns to connect with Vinh city. This urban center will become the center of light industry and tourism in the north of the province.

In recent years, many real estate giants have flocked here looking for investment opportunities. Many large-scale real estate projects from thousands to tens of trillions of dong are promoted. The appearance of a series of big names such as Vingroup, T&T, FLC, Crystal Bay, … is creating a wave to pull many other real estate giants to also land in Ha Tinh “nesting”.

Illustration

Illustration

According to the investment promotion program in 2021 of the People’s Committee of Ha Tinh province, the province will call for investment in 71 projects in many fields with a total investment capital of billions of USD.

Among them, many large-scale real estate projects are called for investment such as: Ecological urban area, tourism and entertainment Xuan Giang Island 2 and Lam riverside area (25,000 billion VND); Tourist area and golf course in Loc Ha district (scale of 200 hectares, capital of 200 billion VND); A 5-star hotel resort complex in Thien Cam town (VND 1,000 billion).

5-star hotel resort complex in Loc Ha town (VND1,000 billion), 5-star hotel resort complex in Xuan Thanh commune (VND1,000 billion); Ky Nam coastal tourist area, Ky Anh district (4,000 billion VND),…

The industrial sector has projects and capital needs such as: Infrastructure of Gia Lach Industrial Park in Nghi Xuan district (300 ha, 1,000 billion VND); Infrastructure of the Western Industrial Park of Ha Tinh City (1,000 – 1,500 ha, 7,000 – 10,500 billion VND); Urban and service industrial zones in Hong Linh commune and Can Loc district (2,000 ha, VND 25,000 billion),…

In the field of urban development, there are projects and capital needs such as: New urban area and central park in Ha Tinh city (300 ha, VND 10,000 billion); Ham Nghi new urban area in Ha Tinh city and Thach Ha district (150 ha, VND 25,000 billion). Thien Cam eco-tourism urban area in Cam Xuyen district (180 ha, 5,000 billion VND); Van Yen commercial and service urban area in Ha Tinh city (70 hectares, 3,000 billion VND); Central park and urban area Lam Hong Garden Park City in Ha Tinh city (50 hectares, 3,000 billion VND),…

It is known that the project of Central Park and Lam Hong Garden Park City urban area in Ha Tinh city was developed by Crystal Bay JSC (a member of Crysal Bay Group). The project has a total area of ​​more than 218 hectares.

With great potential for urban development and infrastructure in the future, it is understandable that Ha Tinh is gathering many real estate giants. It is no coincidence that Vingroup pioneers in developing many projects here. It can be mentioned as the residential, office and commercial area Vincom Ha Tinh on Ham Nghi and Ha Huy Tap streets (Ha Tinh city) 1,700 billion has been completed, or the project being an investor Vinhomes New Center is also on the road Ham Nghi scale 3ha; Or Vinpearl Cua Sot project in Loc Ha; In addition, recently, Vinhomes also proposed to survey and study the planning of an automobile and component factory combined with a 2,000-hectare seaport in Vung Ang Economic Zone with logistics and hotel areas.

Not only Vingroup, many other large corporations have also invested in Ha Tinh. Most recently, the business of the giant German sturgeon also wants to build a 4,000 billion tourist urban area in Ha Tinh. Specifically, Nha Trang Bay Construction Investment Joint Stock Company has just sent a document to the People’s Committee of Ha Tinh province to approve the policy of researching, surveying, planning to build an investment project in Ky Nam tourist urban area, in Ky Nam commune, Ky Anh town by the mode of investment through the establishment of economic organizations in the area.

Detailed construction planning of Ky Nam urban area by the German giant “sturgeon” as an investor in Ha Tinh.

It is known that the project has a total investment of 4,000 billion VND, with a land use area of ​​330ha. The location of the land area to the North and West is adjacent to the old National Highway 1 and National Highway 1; The South borders on the old National Highway 1 and the boundary of the P14 land area; East sea bordering the east.

Before the proposal of Nha Trang Bay Company, the Chairman of Ha Tinh Provincial People’s Committee sent a document to assign the Management Board of the Provincial Economic Zone to assume the prime responsibility for, and coordinate with the Departments, branches, units, localities and related agencies. to examine and review in detail the investor’s proposal; advise on handling plans and report to the Provincial People’s Committee.

Previously, in July 2020, FLC Group had a written request for funding to make detailed planning at the scale of 1/500 Thien Cam urban area and eco-tourism (phase 1) in town. Thien Cam. In early November 2017, T&T Group also proposed to invest in an ecological urban area, tourism and entertainment in the Lam riverside area, Xuan Giang commune. In February 2018, Deputy Prime Minister Trinh Dinh Dung gave instructions to assign relevant ministries and branches to appraise project documents in accordance with the law and report to the Prime Minister.

In early March 2021, after approving the investment policy at the end of October last year, the new urban area project on both sides of Ngo Quyen Street in Ho Chi Minh City. Ha Tinh started to open application for implementation. This project has up to 3 enterprises submitting applications including: Nam Viet Urban Investment Joint Stock Company, Kosy Joint Stock Company and Thang Long Real Estate Investment and Construction Company Limited.

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Tags: Crystal Bay CorporationHa TinhHa Tinh real estatereal estate giantsVingroup
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