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Property market heats up in Binh Phuoc province

The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.
Property market heats up in Binh Phuoc province ảnh 1The property market in the southern province of Binh Phuoc is expected to heat up because of new industrial zones (Photo: VNA)

Binh Phuoc (VNS/VNA) - Theproperty market in the southern province of Binh Phuoc is expected to heatup because of industrial zone planning from now to 2030, accordingto experts.

The province plans to establish 35 industrial clustersin its 11 districts and towns by 2030, whose combined capital requirement willbe 5.9 trillion VND (260 million USD).

Of the 35 clusters, 21 will be built on 583hectares of land in the 2020-2025 period as well as Hoa Lu Border EconomicZone with a total area of 28,000ha.

From 2025 to 2030, another 14 industrial clusters willbe set up across another 580 hectares.

Industries that will be developed within theseclusters include agro-forestry product processing, and manufacture ofrubber and plastic products, metal products, electronic products, enginevehicles, textiles and apparel. These clusters are expected to create around30,000 jobs.

The demand for residential areas is expected togrow because of the new industrial zones.

Of the new residential projects, the Asian HoldingReal Estate Company has invested in the Asian Lake View project in Dong Xoaicity.

The project, located on 4.7ha, includes aresidential area, shophouses and entertainment area.

Another residential project is the 92.7ha Cat TuongPhu Hung Complex Urban Area in Dong Xoai city with total investment of 70million USD.

The project will have residential areas, landplots and two shopping malls with total area of 4.2ha.

Binh Phuoc will focus on attracting high-techprojects and organic agriculture, and forestry product processing, withthe key products rubber, cashew nuts, pepper, and fruits.

In the first seven months of 2018, Binh Phuocattracted 22 projects with total registered capital of 314 million USD. Ofthese, seven new projects were located in Becamex Binh Phuoc Industrial Parkwith registered capital of 272 million USD.-VNS/VNA
VNA
#property market in Binh Phuoc #Binh Phuoc province #Hoa Lu Border Economic Zone #industrial clusters in Binh Phuoc #Becamex Binh Phuoc Industrial Park #updated Vietnam news #Vietnamplus #Vietnam News Agency Binh Phuoc

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