Bac Ninh Real Estate Report July 2021 is a program to update real estate information in the Bac Ninh market. And to start the program, let’s review the main highlights in July 2021 in the Bac Ninh market.
I. Bac Ninh Socio-Economic Newsletter
1. Bac Ninh strictly manages workers in industrial zones and clusters
The province asked the Bac Ninh Industrial Park Management Board and the provincial Department of Industry and Trade to request companies in industrial parks and industrial clusters to arrange accommodation for workers in the direction of “eating together, living together, working together”; review and disseminate to workers to form groups in the hostel, the group leader registers the number of workers living in the same hostel with the company.
In addition, companies send people to work directly with the People’s Committees of districts, towns and cities where their company’s workers are staying. For labourers from Hanoi to stay in Bac Ninh to work, enterprises actively arrange accommodation for them.
The establishment of “Worker Support Teams” including representatives of the district, town and city leaders to arrange accommodation for workers of companies in the same inn, boarding house, area with many houses The accommodation is close to each other, the completion time is before September 30, 2021. In addition, Bac Ninh Province also requires businesses to be responsible for managing their employees and employees to sign a commitment to strictly implement COVID-19 prevention and control measures by regulations.
II. Planning News – Real Estate
1. Industrial real estate: Land rents are forecast to increase, factories market are vibrant
A representative of JLL Vietnam said that thanks to optimistic economic growth indicators, it is forecasted that industrial land rental prices in the coming time will continue to grow and the ready-built factory market will be active.
In terms of occupancy rate, the occupancy rate of Northern industrial parks in Q2 remained at 75%, while ready-built factories witnessed a decrease in occupancy rate compared to Q1 due to the welcome of the market. new supply.
In the South, industrial land rents here are forecast to continue to grow.
As for the ready-built factory, about 940.00 m2 of new will be launched to the market by the end of 2021 if the epidemic situation is under control and the market recovers.
2. Quiet land market, low-cost garden houses and farms market increases
If the land plots in some areas in Bac Ninh, Bac Giang and Hai Phong show signs of decreasing in price after the hot fever, the land of garden houses and farms still attracts many people, causing the price to continue to increase slightly 2- 7%.
Data from Batdongsan.com.vn shows that, after peaking in March 2021, since the second half of April, interest in the real estate market has shown signs of decline along with the cooling of the real estate market. ground fever. Entering May, the epidemic became complicated as another shock that made the real estate market quieter. Data from Batdongsan shows that, in May, interest in real estate, especially in the land and land plot segment, continued to decline sharply. In which, the provinces with the lowest level of concern are Bac Giang 49%, Bac Ninh and Ha Nam 46%, Vinh Phuc 38%, Da Nang 36%, Quang Nam 35%.
3. Despite the Covid-19 epidemic, industrial real estate in the North still has an occupancy rate of over 90%
CBRE’s report on the market in the North in the first 6 months of 2021, despite the epidemic, the industrial real estate market still maintained a positive movement in both rents and occupancy rates. Specifically, in the second quarter of 2021, the average occupancy rate in the main industrial provinces and cities in the North reached about 80%. If the neighbouring provinces are included, the occupancy rate of industrial park projects reaches 69%.
According to this unit, compared to 2020, the rental rate growth rate of Vietnam’s industrial land market has slowed down in both the South and the North. The increase in average rents in the main industrial provinces and cities in the North ranges from 0% – 5% in the first half of 2021, lower than the increase of 4% – 13% in 2020.
Warehouses and ready-built workshops remained stable. In the first half of 2021, the average occupancy rate of all provinces is above 90% due to limited new supply. However, the common ground for the rent of ready-built warehouses and workshops in the first half of 2021 did not witness many drastic changes compared to the end of 2020. According to CBRE’s estimation, from now to 2023, the supply of industrial land in the North is expected to increase by 7.4%/year on average, while the supply of warehouses and ready-built workshops is also expected to increase by 46% and 10%/year, respectively.
4. Bac Ninh: Garden Lotus project owner was fined VND 250 million for “selling a house on paper”
Vice-Chairman of Bac Ninh Provincial People’s Committee Dao Quang Khai has just signed a decision to sanction administrative violations against Nam Hong Co., Ltd – the investor of the Lotus Garden project, Tu Son town, Bac Ninh province.
Specifically, Nam Hong Company was fined VND 250 million for committing administrative violations in real estate business activities at the project.
The company signs a business cooperation contract with the distribution unit when it has not yet sent a document to the Department of Construction to issue a notice that the house is eligible to raise capital as prescribed; To detail and guide the implementation of several articles of the Housing Law. The decision was assigned to Mr Nguyen The Nam, General Director – the legal representative of Nam Hong Company to implement.
The last information has ended the Bac Ninh Real Estate Report July 2021. See you in the next Bac Ninh Real Estate Report in Sen Vang’s youtube channel “Kênh đầu tư Sen Vàng“. Hope you have a productive day!!!