Over the past decade, Vietnam's real estate market has had many outstanding highlights. But the opportunity to find a suitable piece of land in big cities is not much. At this time, the demand began to move to the periphery, causing the real estate market to turn in a completely new direction. The main result is land plot in district 9 become a potential area with extremely strong development.
Introduction to the geography and traffic of the land in District 9
Location, legality, traffic are the factors that make up the value of a real estate. District 9 has infrastructure about 7 km from the city center along the Hanoi highway. The East borders Nhon Trach district and Bien Hoa city, Dong Nai province; The natural boundary between each other is the Dong Nai River. The West borders Thu Duc district; the South borders District 2; and the North borders Di An town, Binh Duong province.
District 9 has the ability to quickly connect to the city center area, as well as the suburbs. Through the Hanoi highway, District 9 directly benefits from the Ben Thanh - Suoi Tien Metro line to the center. Thanks to its proximity to the Ho Chi Minh City - Long Thanh - Dau Giay expressway and the North-South National Highway axis; so it will be easy to move to the South Central and Central Highlands provinces. In addition, the connection between Binh Duong province - Ho Chi Minh City - Nhon Trach is also more convenient thanks to the Ring Road 3 (My Phuoc - Tan Van - Nhon Trach).
How to search for land plots in District 9?
The steps to create a land project will be similar to the form of subdivision; but on a larger, more structured scale. Land subdivision only stops at 10-30 plots, area 50-60 m2, within the whole project is less than 2000 m2. As for the project land, it has a larger scale, from 50-100 plots, with an area of up to several tens of hectares. In addition, there are many diverse and rich facilities included in the land plot projects in District 9. Such as parks, shopping centers, amusement parks, kindergartens and schools, etc.
Large land plot projects will usually separate from 80-200 m2 of each plot, and there will be some projects that have to build houses and complete construction before they can carry out procedures for issuing pink books. This is a difference compared to subdivision land projects. When buying land for subdivision, we will buy and sell when there is a pink book, and for the project, you will sign a purchase and sale contract. Regarding construction, some projects are allowed to build freely, such as subdivision land. However, there are projects that will be built according to the new model and will be issued with a pink book. This is also a factor that makes subdivision land more popular than project land.
Determine finance before buying land in District 9
Please choose the area of land in District 9 that is suitable for your buying or living needs. If we choose a good location, have strong growth potential in the future, affordable price; but without or unprepared financial resources, all our efforts are wasted.
Financial resources used to buy a real estate are usually divided into two parts: self-financed finance and financial sources borrowed from banks. The combination of these two financial sources also needs to be carefully and rationally calculated for each object.
Self-finance can be self-sufficient
First, you have to prepare the financial part you have such as: savings, help from parents, loans from relatives without interest, etc. This part of money can be self-sufficient, usually it should be the financial part that accounts for the large amount. from 70-100% of the value of the real estate you want to buy. This can be very difficult for young people or families who have not accumulated much. A sincere advice is not to overuse capital from bank loans. The price of land in District 9 is currently of great value, so we should be cautious, avoid rushing and hastily leading to paying too much interest, affecting daily life.
Financing from a bank
You can borrow from a bank within your means, calculating according to the cash flow you can have in the future. You should consult many different banks about borrowing capital, so think carefully about your cash flow about paying principal each month. The main cause of the risk of default or loss is due to excessive bank loans, beyond the ability to pay.
Investors should calculate the amount of land to buy land in District 9 according to a simple formula as follows: Land purchase amount = Self finance (70%) + Bank loan (30%).
Funding support for businesses to develop projects
Hopefully, the information shared above has helped you gain more knowledge about land investment in District 9. If you do not have much in-depth experience and are willing to take risks; then let's accompany and support capital for project development enterprises.
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