Real estate in the area where the Ring Road 3 passes through is considered to have a lot of potential, because home buyers tend to choose where there are many opportunities to increase value. Apartments with good prices, meeting real living needs are always sought. The product converges more factors that promote value increase and …
Ring Road 3 opens more opportunities for real estate in Binh Duong province Read More »
Real estate in the area where the Ring Road 3 passes through is considered to have a lot of potential, because home buyers tend to choose where there are many opportunities to increase value.
Apartments with good prices, meeting real living needs are always sought. The product converges more factors that promote value increase and traffic is one of the contributing factors.
Ring Road Clearance Race 3
The Ring Road 3 project is being accelerated for site clearance to be quickly put into construction.
The project is about 76.34km long, passing through Ho Chi Minh City, Dong Nai, Binh Duong, Long An. In particular, Ho Chi Minh City is the locality where the Ring 3 project passes the longest with about 47km, followed by the section through Binh Duong province with a length of about 26.6km.
Ring Road 3 is of special importance in connecting transport infrastructure, promoting regional connectivity, creating space and driving force for socio-economic development in Ho Chi Minh City and the Southern Key Economic Region. As directed, in June 2023, localities must start construction of the Ring Road 3 project.
Ring 3 roadside property benefits
Through practice in many major cities around the world, ring roads not only help reduce intra-city traffic pressure but also serve as a lever to create large urban and industrial corridors. Acting as an arterial traffic route, Ring Road 3 promises to create a breakthrough not only in traffic but also open up urban development space for the whole southern key economic region.
Therefore, projects near the Ring Line 3 possess the advantage of the ability to connect and enjoy the bustling and bustling life of urban development in the future. The construction of Ring Road 3 is creating positive effects for the whole southern real estate market.
Although the real estate market experiences the first 3 months of 2023 with many challenges. However, entering the second quarter, the market has recorded some positive signals, especially in the segment of products with good prices, legal advantages and meeting real demand.
According to DKRA Group's report, in the first quarter of 2023, mid-priced apartments continue to lead the market in terms of supply and transactions. According to experts, the time when the market is at the threshold of recovery, plus the positive signals from the Ring Road 3, is not only an opportunity for investors to “unleash” goods but also an appropriate period for home buyers to own good products at competitive prices.
Catering to real needs, Legacy Prime attracts interest
One of the highly appreciated projects in terms of opportunities can be mentioned the Legacy Prime project, located right on the front of Thuan Giao 25 street that has just been upgraded and expanded, in the center of Thuan An City.
The project is surrounded by 4 arterial traffic axes including: Binh Duong Avenue (National Highway 13), My Phuoc – Tan Van Avenue, DT 743, DT 746, benefiting from the ongoing Ring Road 3.
According to experts, the supply of new apartments is scarce, developers with the advantage of available supply will create outstanding competition. In addition to focusing on factors such as legal, construction progress, good utilities, product quality, flexible and prolonged payment methods are considered as the “key” for investors to pull in purchasing power.
Experts forecast that 2023 could be a good time for cash-holding investors to access competitively priced real estate, good location and legal advantages after a long period of strong market development and high price level.
