DNVN - The expansion of Vinh City's boundaries is assessed by experts to help the real estate market change strongly. In particular, in the context of the limited supply of luxury apartments in Cua Lo, the Pearl Residence luxury apartment complex has received special attention from real buyers and investors.
Cua Lo officially merged into Vinh
According to Resolution No. 1243/NQ-UBTVQH15 of the National Assembly Standing Committee on the arrangement of district-level and commune-level administrative units of Nghe An province in the period of 2023 - 2025, from December 1, 2024, the province will merge the entire town of Cua Lo and 4 communes of Nghi Loc district into Vinh city. After the arrangement, Vinh city has a natural area of 166.22 km2 and a population of 580,669 people, 33 commune-level administrative units.
The psychological impact of this planning has made the real estate market in Cua Lo town become more vibrant. According to the records of the Vinh City Land Use Registration Office, the number of land transactions through the city's one-stop department has recently increased to 220 to 240 records/day (previously about 180 to 190 records/day). Some notary offices are crowded with customers due to the high increase in land transactions.
Pearl Residence receives special attention from both real buyers and investors when the real estate market in Vinh City is in a booming period.
The market’s excitement is also most evident in land auctions with thousands of participants. According to the Property Auction Service Center, Nghe An Department of Justice, compared to the same period last year, the auction results increased by an average of 30-50% compared to the starting price.
Although it has increased sharply in recent times, the Vinh real estate market is forecasted to continue to show signs of growth when the transport infrastructure and the strong development of tourism reach double-digit growth. In particular, in the near future, Vinh will be one of the major cultural and economic centers of the region, with a large number of immigrants each year for business and trade. Therefore, when Vinh City expands the need for real estate or buying real estate for long-term investment, rental investment will increase continuously.
Pearl Residence: The center of residence and investment in a coastal tourist city
Observations show that the demand for real estate in Vinh City has been continuously increasing recently, leading to a significant shift in the market structure. If previously the main supply was residential houses to meet the housing needs of local people, now the market has expanded to other segments such as villas, commercial complexes and especially the apartment segment.
Located in the center of Cua Lo, the Pearl Residence luxury apartment complex with 2 17-storey buildings is the center of real estate in the expanded Vinh City with advantages of long-term legal ownership and potential for increasing value over time.
Pearl Residence is built to become a symbol of a new lifestyle in Cua Lo.
The Pearl Residence complex is also focused on developing a series of convenient services by the investor to enhance the experience for apartment owners and tenants such as walking, practicing yoga or chatting in the rooftop BBQ garden and enjoying cozy moments with loved ones, the commercial area at the base, the royal garden spaces, the rooftop meditation garden...
Owning Pearl Residence apartments, apartment owners can rent them out for short-term rentals in the context that tourists in Cua Lo have nearly reached 4.5 million visitors/year. In particular, managed by an international unit - Savills, Pearl Residence is not only a perfect choice for accommodation but also meets the increasing demand for long-term rentals for senior domestic and foreign experts working and working in Cua Lo and Vinh City.
Commenting on the potential of the complex, sophisticated investors consider Pearl Residence apartments to be “rare and hard to find” in the rapidly developing coastal market like Cua Lo at the end of the year. Apartments here are suitable for young families who want a modern living space, and are also products that can be traded and increase in value in the future.
The appearance of Pearl Residence luxury apartments not only helps Vinh real estate market to upgrade, becoming a leading destination in the North Central region and will develop even more strongly in the future when infrastructure is invested synchronously, economy and tourism grow.
Minh Thu
Source: https://doanhnghiepvn.vn/kinh-te/bat-dong-san/tp-vinh-mo-rong-to-hop-can-ho-cao-cap-pearl-residence-tai-cua-lo-duoc-san-don/20241203094843517
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