Hot industrial zone property in 2016
Currently, almost all industrial parks and export processing zones in key economic areas in the north such as Hanoi, Bac Ninh, Hai Phong ... are in overload status compared to use efficiency of nearly 100%.
Hot industrial zone property in 2016
Industrial park property market
In stark contrast to the quiet atmosphere of the condos market and luxury apartments, real estate market of industrial zones is being eventful and attractive when land/ factory lease demand of foreign investors is getting increased.
Currently, almost all industrial parks and export processing zones in key economic areas in the north such as Hanoi, Bac Ninh, Hai Phong ... are in overload status compared to use efficiency of nearly 100%.
Increased demand has pushed land lease prices in industrial zones up to 30-50% compared to the last year.
Currently, the land rentel at Thang Long Industrial Zone has reached the highest level of over 100 USD / m2 / year, then Noi Bai Industrial Zone (Hanoi), Pho Noi A(Hung Yen).
Factory rental also is increasing, especially in Noi Bai Industrial Park and some other industrial parks in Hanoi.
According to Mr. Dang Ngoc Thanh_Deputy General Director of Industrial-comercial development and investment Company in Cu Chi- investor of Industrial Park in the Northwest Cu Chi, most foreign businesses want to lease land in the industrial parks now, even at very high rentals.
Reason is that industrial parks have good secondary services system, quickand simple lease procedures and especially have many tax incentives.
To meet the needs of investors, a series of industrial zones are actively expanding the investment area such as Tan Tao, Vinh Loc, Tan Phu Trung, Tay Bac Cu Chi ...
It is forecasted that the industrial zone real estate market will continue to strongly develope for next years because Vietnam is one of the most attractive destination to foreign investors.
According to the Ministry of Planning and Investment, the first 4 months of 2016, Vietnam has attracted nearly $ 7.6 billion of foreign investment capital, an increase of 41% compared to the same period last year, in which real estate continues to be the most attractive sector.
Mr. Nguyen Dang Son, Deputy Director of the Research Institute of urban planning and infrastructure development, said that the government is deeply concerned about the infrastructure construction of industrial parks and export processing zones.
Under the planning, land for industrial parks and export processing zones will increase to 65,000 hectares in 2017 and 80,000 hectares in 2020. By 2017, it is expected to build 113 new industrial parks and renovate, expand 27 old industrial zones. The new industrial zones will be focused on building in Binh Phuoc, Tay Ninh and Dong Nai.
The country now has more than 150 industrial parks and export processing zones with total area of about 320.000ha in 55 provinces and cities, in which 21,700 ha have been filled.
(According to PVL)
