The Van Don real estate market, strategically planned by the government as one of three special zone markets, experienced a fever in 2018. However, due to transaction bans and plot subdivision restrictions, the market froze and stagnated. Today, let’s delve into the current state of the Van Don real estate market and discover its potential for growth.
Real Estate Market in Van Don 2020
During the latter half of 2019, several large projects were launched in Van Don, attracting the attention of potential buyers and signaling a prosperous year ahead for the real estate market. The Van Don Special Zone’s general planning was also announced, further boosting optimism for future developments.
Phuong Dong Van Don Urban Area
One of the monumental projects in Van Don is the Phuong Dong urban area. Situated at the entrance of the Van Don economic zone, it was launched in December 2019. This project promises great potential for investment and is poised to contribute significantly to the Van Don real estate market.
Here are some key details about the Phuong Dong urban area project:
- Investor: Phuong Dong Construction Investment Joint Stock Company
- Location: Dong Xa commune, Van Don economic zone, Quang Ninh
- Total area: Over 180 hectares
- Public domain: 40%
- Residential land: 40%
- Mixed zone (hotels, commercial services): 20%
- Property types: Detached villas, semi-detached villas, townhouses, and commercial townhouses
- Sizes: Ranging from 90m² to 500m²
- Legal status: Complete, with a red book
- Sale price: Starting from 22 million VND per square meter
Shophouse Sonasea Van Don Harbor City Resort
Spanning nearly 400 hectares, the Sonasea Van Don Harbor City Resort is one of the largest resort projects in the Van Don Economic Zone. The opening of the Sonasea Van Don Harbor City Shophouse subdivision for sale has injected further vitality into the Van Don real estate market.
Key details about the Sonasea Van Don project include:
- Project name: SONASEA VAN DON HARBOR CITY
- Scale: 358 hectares
- Location: Bai Dai – Ha Long Commune – Van Don – Quang Ninh
- Investor: CEO Group
- Total investment: 5000 billion VND
- Design: Nihon Sekkei Company (Japan)
- Property types: Adjacent 5-star hotels, resort villas, and shophouses
- Sale price: Starting from 8 billion VND per shophouse
Ocean Park Van Don Project
The Ocean Park Van Don Project, located in the Ha Long and Cai Rong communes, covers an area of 41.2 hectares. Its diverse offerings, such as land, shophouses, villas, and single/duplex hotels, have attracted considerable attention from investors.
The project includes the following divisions:
- Villas: 124 lots ranging from 250m² to 280m², built on 3 floors
- Adjacent properties: 492 lots ranging from 100m² to 130m², built on 5 floors
- Service land: 58,000m² for the construction of an administrative center, hotels, etc., built on 11 floors
Ao Tien Van Don Urban Area Project
Designed as a Type I tourist urban zone in the Van Don Economic Zone, the Ao Tien Van Don Urban Zone has gained traction among both national and international investors. Its prime location and range of offerings make it an attractive prospect for potential buyers.
Key details about the Ao Tien Van Don project include:
- Project name: URBAN TOURIST AREA AND LUXURY PORT OF AO TIEN
- Investor: Mai Quyen Tourism Company Limited
- Scale: 115 hectares divided into 12 subdivisions with different functions
- Location: Ha Long Commune – Van Don – Quang Ninh
- Function: Urban maritime tourism zone and high-end seaport
- Property types: Townhouses, villas, luxury hotels, offices, and a port
Van Don Connecting Transportation System
To facilitate connectivity and accessibility, Van Don has been investing in its transportation infrastructure. Here are some notable developments:
- Hanoi-Ha Long-Van Don Expressway: Completed and in service
- Van Don – Mong Cai Expressway: Under construction, expected completion in 2021
- Van Don International Airport: Operating efficiently
- Van Don Main Road (58m): Under construction in certain sections
With the announcement of the general planning of the Van Don economic zone, the Van Don real estate market is expected to experience strong growth in 2020. Exciting times lie ahead for those planning to invest in this thriving market. Discover more about the potential of the Van Don real estate market at Truth and Hope.