VietNamNet Bridge – With the good infrastructure conditions and grandiose natural landscapes, Ha Long has become an attractive destination for real estate developers.

On first arriving to the Ha Long bay in a surveying trip after the Bai Chay Bridge was open for traffic in 2006, Edward Chi, General Director of the Minh Viet Investment Corporation and the French group of experts were astonished when seeing the grandiose beauty of Cua Luc bay, a part of Ha Long Bay in Ha Long City.

Feeling unsatisfactory with admiring the Cua Luc bay from ashore, Edward Chi decided to change the planned itinerary and rent a yacht which brought him to go sightseeing at the bay. He also decided to stay at the bay overnight to experience the special feeling that the wonderful mountains and the sea brought to human.

After the trip, The Bayview Tower, the project with the inspiration from the Trong Mai island of Ha Long bay, has taken shape. The project, capitalized at 1600 billion dong, is located in Hong Ha ward of Ha Long City.

Talking about the beauty of Ha Long bay and the potentials of the Quang Ninh real estate market, Mr Edward Chi said: “Imagine that you wake up after a stressful working day, and you can receive the first rays of dawn at the Halong Bay and enjoy a hot cup of coffee, while watching the spectacular beauty. You will not have such a relaxed feeling elsewhere, except the Ha Long bay.”

The beauty of the Ha Long Bay has also attracted many other investors. Besides The Bayview Tower, other projects have or are going to arise here, including the 19-storey tower invested by Licogi, Metro Ha Long hyperlink, the complex of high grade office-hotel-apartment blocks by PVCR, and the Song Da – Ngoc Vung urban area by Sudico.

Doan Quoc Huy, Deputy Chair of BIM Group, the developer of Hung Thang new urban area project in Ha Long City, also thinks that with the existence of the Bai Chay bridge which links Bai Chay and Hon Gai areas, the expanded main routes, and the improved living standards of people, the Ha Long real estate city will be very bustling in the near future. The market has warmed up already with a series of kicked off projects on trade centers, hotels, offices and apartments.

As real estate developers have been flocking there, the demand has increased dramatically just after a short time, thus having pushed the prices up. In Lan Be area of Ha Long City, for example, the land price is now hovering around 60-80 million dong per square meter. Meanwhile, the land plots along main routes which promise good business potentials in Ha Long or Cam Pha, could be priced at between 20 and 80 million dong per square meter.

According to Nguyen Tuan Anh, General Director of PVCR, the developer of the project on trade center-office-hotel complex at the Cot Dong Ho central area of Ha Long City, since 2000, more than 130 real estate projects have been implemented in the area. Since the demand is very high from the investors from Hanoi and HCM City, the real estate market here has become scorching hot.

Some experienced real estate investors said that though Hanoi, HCM City and Da Nang are really the fertile land for investors, the markets still have latent risks. Meanwhile, Quang Ninh proves to be relatively safe, because the prices have been increasing stably year after year, while the number of transactions has also been increasing. Therefore, Quang Ninh has become a very attractive destination for investors.

Experts also believe that the money to be poured into the projects in Ha Long will produce more money, because Ha Long is possessing Ha Long bay, a wonderful natural heritage, which has been attracting travelers from all over the world, who come to enjoy the beauty and spend money here.

Source: TBKTVN