Dong Nai property market is developing fastly
Bien Hoa Dong Nai property market received US$902.6 million worth of investment in the first half of the year, 141 per cent higher than last year.
Due to the province’s ability to attract investments, many skilled local and foreign workers live in Bien Hoa, driving up demand for property.
As a part of the southern key economic zone, the city has been growing steadily at 12-15 per cent a year, with its industrial and services sectors growing strongly, and having a high average income.
The city is also the economic and administrative hub of Dong Nai Province and situated close to HCM City’s eastern part near its major industrial parks.
This has added value to land prices in Bien Hoa Dong Nai property market, especially with construction of the Long Thanh International Airport slated to begin at the end of 2019.
Connectivity is also improving greatly, with easy links to key economic areas such as HCM City and Vung Tau, together with several traffic works getting underway, boosting value.
One such project is the HCM City metro line No 1 (Ben Thanh–Suoi Tien) extending to Bien Hoa and Binh Duong Province’s Di An Town.
Other ongoing projects include the Ben Luc–Long Thanh Highway connecting with existing highways and the Bien Hoa–Vung Tau Highway, which will help reduce distances between Bien Hoa and other cities.
The upcoming river tour in Dong Nai Province and the Long Thanh Golf Club are other factors making the demand for Bien Hoa Dong Nai property market increase.