{"id":27793,"date":"2022-04-06T17:08:07","date_gmt":"2022-04-06T10:08:07","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=27793"},"modified":"2022-04-06T17:08:07","modified_gmt":"2022-04-06T10:08:07","slug":"vietnams-binh-phuoc-gains-momentum-as-real-estate-projects-are-slated-for-2022-until-2025","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnams-binh-phuoc-gains-momentum-as-real-estate-projects-are-slated-for-2022-until-2025\/","title":{"rendered":"Vietnam\u2019s Binh Phuoc gains momentum as real estate projects are slated for 2022 until 2025"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The rental real estate market is also recovering<\/span><\/p>\n<figure id=\"attachment_27795\" aria-describedby=\"caption-attachment-27795\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-27795\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/04\/shutterstock_2091821281.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/04\/shutterstock_2091821281.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/04\/shutterstock_2091821281-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/04\/shutterstock_2091821281-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/04\/shutterstock_2091821281-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-27795\" class=\"wp-caption-text\">According to Tran Khanh Quang, a property specialist, when the economy recovers, so will the rental property market. Goku Agency\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Vietnam&#8217;s real estate sector is recovering, reported <\/span><a href=\"https:\/\/www.globalpropertyguide.com\/news-vietnams-housing-market-gathering-pace-4299\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Global Property Guide<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It opened up to foreign homebuyers in 2015 and has grown exponentially since then. Hong Kong, Mainland China, Singapore, and South Korea account for the majority of buyers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The property market in Binh Phuoc, a province in southern Vietnam, is projected to intensify as there are plans to build industrial parks and an airport from now until 2030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The province is seeking USD2 billion in investment in 80 major projects, according to Tran Tue Hien, chairperson of the People&#8217;s Committee. Priority would be given to projects, including agriculture, culture, environmental protection, healthcare,\u00a0 information technology, and tourism, she said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Farm processing, metal, electronics, automotive parts, textiles, and apparel are industries that will be established here, which will create approximately 30,000 jobs, according to <\/span><a href=\"https:\/\/www.phnompenhpost.com\/post-property\/property-scene-set-heat-binh-phuoc-vietnam\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Phnom Penh Post<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binh Phuoc will concentrate on attracting investment in technology, organic agriculture, and the processing of agricultural products such as cashews, peppers, and fruits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rental real estate market is also recovering. The demand is driven by the successful nationwide vaccination campaign, which reopened economic activities.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/many-vietnamese-homebuyers-are-optimistic-despite-the-real-estate-price-hike\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Many Vietnamese homebuyers are optimistic despite the real estate price hike<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Hanoi-based broker, Ngo Manh told <\/span><a href=\"https:\/\/www.einnews.com\/pr_news\/567268108\/covid-hit-rental-property-market-starts-to-warm-up\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">EIN Presswire<\/span><\/a><span style=\"font-weight: 400;\"> that there had been an influx in online searches for spaces to open banks, cafes, drugstores, and restaurants.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Real estate portal batdongsan.com.vn also revealed that searches for offices for lease in Ho Chi Minh City increased by 32 percent in February. As for residential properties, private houses led with more than 80 percent, followed by apartments and townhouses, which were at 53 and 32 percent, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rental room searches climbed by 237 percent in Hanoi, while private house, apartment, and office searches increased by 77, 73, and 17 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Tran Khanh Quang, a property specialist, when the economy recovers, so will the rental property market. From the second quarter of this year, he predicted that the rental market will be strong.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rental real estate market is also recovering<\/p>\n","protected":false},"author":12,"featured_media":27795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2776,638,2777],"class_list":["post-27793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-binh-phuoc","tag-real-estate","tag-rental-real-estate","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vietnam\u2019s Binh Phuoc gains momentum 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