Business » Real estate
Long An's infrastructure attracts real estate investors
  • | trithuctre, | October 17, 2017 08:32 AM
Various residential apartment buildings and shopping centre projects are being planned and carried out in Long An thanks to infrastructure projects in and around the province.


Phu Sinh real estate project in Long An Province.

Van Thinh Phat Corporation has 36 projects with a total 2,086 hectares of land. Tran Anh Group followed with various projects such as Bella Vista and Bao Ngoc Residence urban areas.

Numerous projects are being planned and carried out in Tan An City including the Vingroup's Vincom Centre that costs VND400bn (USD17.63 million). Truong Hai Auto Corporation is also investing in a VND300bn (USD13m) shopping centre that covers over 20,000 square metres.

Long An Bus Station was recently relocated and Nguyen Kim Development and Investment JSC company will use the 5,845-square-metre land for another shopping centre. The Hoan Cau Group in Long An has received approval to build Hoan Cau Long An hi-tech industrial zone.

Le Hoang Chau, chairman of Ho Chi Minh City Real Estate Association, said more investment was pouring in because of developing infrastructure in the province.

In 2010, Trung Luong-HCM City highway was opened to traffic. The highway helped reduce the travelling time from HCM City to provinces in the Mekong Delta. Since then, it has become the road with the highest vehicle density in Vietnam.

Four years later, Ben Tuc-Long Thanh Highway project was started to connect Long An, HCM City and Dong Nai Province. The project is expected to be completed next year and improve the traffic in the Mekong Delta.

Long An Province also benefits from other traffic projects that connect HCM City with other provinces such as Nguyen Huu Tho-Nguyen Van Tao street expansion or Metro Line 4 in HCM City.

Ben Luc-Hiep Phuoc Section of the Ring Road 4 is being built. The section is 35.8km long and when it is completed, the VND6.7trn (USD295m) project will help ease congestion in HCM City, improve the connection with other southern provinces, and to the Hiep Phuoc Port.

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