Quang Ninh (VNA) - The real estate sector in the northern coastalprovince of Quang Ninh, which is a pillar of the economic triangle of Hanoi-HaiPhong-Quang Ninh, has become more attractive to investors thanks to the robustdevelopment of local infrastructure, according to Vice Chairman of theprovincial People’s Committee Vu Van Dien.

The Vietnam Association of Realtors said the Quang Ninh, especially Ha LongCity, has emerged as an appealing destination for real estate investors.

Endowedwith natural advantages for sea and island tourism, Ha Long is not only anideal tourist attraction but it is also a magnet for property investment. Manygiant real estate developers like Vingroup, SunGroup, FLC, BIM Group and CEOGroup are pouring more capital into this potential land.

An array of real estate projects have cast a new look for the locality,including BIM Group’s 230-hectare Ha Long Marina urban area. The groupearmarked 2 billion USD into the complex, which comprises Halong Marine Plazashopping centre, CGV cinema, children entertainment zone Tini World, beaches, pools,apartment blocks along with rows of shop houses and town houses.

Meanwhile, the 214-hectare Sun World Ha Long Complex developed by SunGroup hasbecome one of the main local tourist attractions. Riding a cable on a sea-crossingcable line or the 215m-high Sun Wheel in the complex, visitors can enjoy theview of Ha Long Bay, Ha Long city, Bai Chay bridge and Cuu Luc river fromdifferent angles.

In addition, Sungroup has also built the Sun Premier Village Ha Long Bay, anarea of town houses and villas, next to the complex.

Real estate developer Vingroup has chosen to invest in different types ofproperties in Ha Long, ranging from healthcare, resort, shopping mall to newurban areas. Following the opening of its Vincom shopping mall in 2015, thegroup has poured over 12 trillion VND  into the 64ha Vinhomes Dragon Bayurban area, 1.135 trillion VND in the 384-room Vinpearl Ha Long resort. Thegroup is also building its trademark Vinmec hospital in the city.

FLC Group has also given a facelift to the city with its FLC Ha Long complexwith a golf course, villas, condotel and a modern international conventionalcentre spanning an area of 224 hectares in Hong Hai, Hong Ha, Ha Lam and HaTrung wards. The group has set up plan to construct a 50-storey twin towercomplex in the city’s centre.

Property experts said that the city will be turned into a resort paradise soon.

According to local property trading floors, there were some 400 successfultransactions in the first quarter of this year, 50 percent of which were thetrading of apartments and the remainders were divided for shop house, villasand town houses.

Recently, the final segments of the Bach Dang bridge connecting Ha Noi-HaiPhong expressway and Quang Ninh province were joined. Once completed, thebridge will give a new boost to transport infrastructure in Quang Ninh as travellingtime from Hanoi to Quang Ninh by car will cut to only 90 minutes.

The local property sector has taken off thanks to the development of transportinfrastructure, said PhD Nguyen Huu Thuy, chairman of the provincial youngbusiness association. He noted that the capital flow from both domestic andforeign investors like Vingroup, SunGroup, Tuan Chau, Bimgroup, FLC and Texhongis vivid evidence for Quang Ninh’s attraction. -VNA