Opening the "runway" for the market to accelerate "take off"

On August 1, 2024, three laws related to the real estate sector will officially take effect, including the Land Law, Housing Law, and Real Estate Business Law. Changes from these laws are expected to help the market enter a new growth period, with a wide open "runway" in terms of institutions and policies.

For investors, the top concern is whether the real estate price graph will go up or down in the new context. According to experts, for the land and low-rise segments, prices have increased before August 1 and this trend will continue, because according to the new law, subdivision and sale of land has been banned in 105 cities and towns nationwide.

Price increases will be an inevitable consequence when tax calculation methods, new land price determination methods and other arising expenses all increase input costs, forcing investors to calculate options to increase selling prices to compensate. Therefore, owning existing product baskets, formed from the previous stage, will give investors a great advantage before the market establishes a new price level.

Ocean City has been the "locomotive" of the Northern real estate market throughout the past time.

In addition to the impact of policies, the real estate market also received a boost from the determination to disburse public investment capital. Accordingly, this year, 657,000 billion VND was allocated to ministries, branches and localities, mainly for transport infrastructure. A series of key projects started and accelerated construction progress have played a role in "paving the way" for the real estate market, creating "waves" in invested areas, including the East of Hanoi.

Experts emphasize that the second half of 2024 is the golden time to invest, helping investors receive the "sweet fruit season" when breakthrough policies have just come into effect and have been sufficiently absorbed in practice. And the projects that bring the highest profits will always be those that have come into operation, ensure legality, possess prime locations, and have outstanding utility systems. Ocean City - the best urban area in the world in the East of the Capital is currently a rare project that satisfies all of those strict criteria.

Outstanding advantages of the world's best urban area Ocean City

With an area of ​​up to 1,200 hectares - the largest scale in the North, Ocean City attracts investors thanks to a series of outstanding advantages.

Located in the Eastern part of the capital, which is being invested in and developed into an important economic center of Hanoi as well as the North, Ocean City possesses strong price growth momentum from synchronous infrastructure and convenient connections. Notably, many of these key projects have come into operation, such as Hanoi - Hai Phong expressway, Co Linh intersection, Vinh Tuy bridge phase 2, extended National Highway 5...

Meanwhile, from now until 2027, it is expected that 6 more bridges connecting the two banks of the Red River will be started and completed, along with the construction of Ring Road 3.5 and Ring Road 4, opening up the possibility of super connectivity for Ocean City in all directions. This factor alone can help increase real estate prices by at least 40 - 50%, according to data from the Ho Chi Minh City Institute for Development Studies.

Ocean City is becoming more and more valuable in the eyes of investors because of its diverse "basket" of product types that the market is "thirsty". In addition, the brand reputation of the investor Vinhomes helps customers feel completely secure about the construction progress, handover, quality of the project and legal documents. Not to mention, Vinhomes Ocean Park 2, 3 has just been licensed to sell to foreign organizations and individuals. This means that the Ocean City basket is even more guaranteed to have the potential to increase in price when there is more demand from foreign customers.

Customers and investors can easily verify the value and outstanding prospects of the Eastern metropolis of the capital when looking at the market developments in the area over the past time. Many Ocean City product baskets were completely sold out just a few hours after opening for sale. Immediately after that, the selling price continuously reached new peaks with record increases, such as the low-rise segment at Vinhomes Ocean Park 1, up to 200 - 300% after only 2 - 3 years.

Ocean City is also highly appreciated by investors for its high-class utility system, different in scale, stature and function. That is the marine ecosystem with the VinWonders Wave Park and VinWonders Wave Park duo; bustling commercial centers Grand World, Center Point, Little Hong Kong... meeting all shopping - entertainment - recreation - luxury resort needs according to 5-star standards.

The community of more than 70,000 existing residents is also a factor that helps Ocean City conquer investors.

Possessing the most complete and largest "Vin" service ecosystem ever, Ocean City brings the most convenient and trendy living experiences, thereby attracting more and more customers to settle down and work. Most recently, the appearance of Vinmec International General Clinic at Vinhomes Ocean Park 1 - a new piece that brings high-quality health care privileges to residents.

To date, Ocean City has become a common home to more than 70,000 people, creating a new vibrant center in the East of the Capital. The presence of this community of residents and the wave of "Eastward expansion" that is still taking place strongly are considered one of the driving forces for the sustainable increase in real estate prices here, helping the best urban area in the world score points in the eyes of sophisticated investors.