Bac Ninh’s Real Estate Report August 2020


1. Bac Ninh Real Estate Market News


The “wave” of industrial real estate soared

Surveys from real estate companies show that many investors are looking for land banks of 500 – 1,000 hectares, locations connected to satellite industrial zones, supported with procedures for renting clean premises. construction permits from 2 to 3 months.

According to statistics from the Ministry of Planning and Investment, as of June, the occupancy rate of industrial zones in operation is nearly 80%. And in large industrial zones such as Ho Chi Minh City, Binh Duong, Dong Nai, Bac Giang, Bac Ninh … there is almost no clean space left for investors to rent.


Urban industrial real estate Tu Son – Bac Ninh attracts investors

Bac Ninh owns 17 industrial zones with a total area of ​​nearly 7,000 hectares, becoming the largest industrial capital in the North and a landing place for many big companies such as Samsung, LG, Foxconn, Lenovo, Intel, Canon, … About 60,000 international experts, engineers and 400,000 employees are working in industrial zones, this number increases by 20-25% per year.

Experts say that industrial real estate in Bac Ninh will continue to accelerate in the near future. Besides, the EVFTA agreement officially took effect on August 1, helping Bac Ninh to expand foreign capital flows from EU businesses. It can be seen that, while most real estate segments declined due to the influence of Covid – 19, Bac Ninh industrial real estate still recorded strong growth. This has led to a boom in demand for housing adjacent to the industrial park.

Experts say that, thanks to its close proximity to Hanoi capital, the most modern and synchronous urban infrastructure system in the North and attractive investment attraction policies help Bac Ninh become the “golden center” of real estate market. Analysts said that, industrial urban real estate in Tu Son has increased heat recently with the resonance of many factors:

–  Well located

–  Owning key industrial clusters of the whole North.

–  Tu Son real estate market has the highest growth potential in the center of the Capital Region.


2. Project news


The truth that CenLand was accused of false advertising at the Vuon Sen urban area project in Bac Ninh

In early April 2019, on CenLand’s website, real estate websites and newspapers published information about CenLand cooperating with Dabaco Vietnam Joint Stock Company (Dabaco Group) to sign a cooperation agreement for development. Vuon Sen Urban Area Project.

At the Sales Conference, the Project Director affirmed that this project was acquired by CenLand and Dabaco Group from Nam Hong Company.

However, many customers, after making a deposit of hundreds of million VND and signing the purchase contract, do not know that the Vuon Sen urban area project is not actually invested by CenLand and Dabaco Group, but only a broker. project distribution.

The legal documents also show that Vuon Sen Urban Area Project is still invested by Nam Hong Co., Ltd.

However, when asked why the consultants, brokers, in the sales process lie to CenLand’s project customers, CenLand’s media representatives did not respond.

Representatives of Cenland also said that at the Vuon Sen urban area project, the land is still owned by Nam Hong Company and Cenland is investing in construction. Currently the company is working with customers on the above case, and is expected to reach an agreement with the customer soon in the near future.


The Bac Ninh Tax Department accepts to clarify the tax evasion act in the Vuon Sen project

Mr. Ngo Xuan Tong, Director of the Tax Department of Bac Ninh province, signed a notice accepting denunciations about Nam Hong Co., Ltd. and Century Real Estate JSC (Cenland) shaking hands to evade taxes at the Vuon Sen project. .

Bac Ninh Tax Department also stated that the time to settle the case is within 30 days from the date of acceptance of the denunciation.

Cenland was accused by customers of false advertising, deceived as a distributor but claimed to be the investor of the Vuon Sen project, together with Dabaco Group Joint Stock Company (Dabaco Group), to let customers down. deposit to buy real estate products.


Dung Liet Green City project is actively for sale on vacant land: how to violate the law?

The housing project of Dung Liet commune, invested by the Urban Area Construction and Investment Consultancy Co., Ltd. is a vacant land, but the investor has signed an exclusive agreement on real estate distribution and brokerage. with Phuong Bac Urban Development Joint Stock Company. After that, Phuong Bac Company blatantly offered to sell and collect customers’ deposit to buy land up to hundreds of million dong.

According to the lawyer, if it is determined that the deposit contract is for agreement to enter into the contract, the object of the contract is “real estate”, it is not legally eligible for sale under the law at the time of signing the agreement. pile.

The lawyer also emphasized that the Dung Liet Green City project has not yet completed the foundation It is not possible to consider the apartments that the developer offers as a deposit “assets to be formed in the future”. If the investor signs a deposit contract to secure the performance of the contract to buy and sell apartments in the future, it is contrary to the provisions of law.


3. Other information


About Hanaka Group: The enterprise was allowed to plan Gia Binh II industrial park by Bac Ninh

Bac Ninh Provincial People’s Committee has just approved the planning project of the Gia Binh II industrial zone construction zone at the scale of 1 / 2,000, Gia Binh district.

Accordingly, Gia Binh II Industrial Park is located in the communes of Nhan Thang, Binh Duong, Thai Bao and Van Ninh with a planned scale of about 261.8 hectares, of which the industrial park area is about 250 hectares.


Adjustment of the planning of Hanaka Industrial Park (Bac Ninh): Increase the area of ​​trees and water surface

Bac Ninh Provincial People’s Committee has just approved the adjustment project of the construction zoning plan at a scale of 1/2000 Hanaka Industrial Park, Tu Son town, Bac Ninh province with the area of ​​greenery land, water surface increased from 70,647m2 to 75,978,4m2

Move the traffic road adjacent to the cemetery to the northeastern position of the factory land, warehouse with symbols CN6 (the factory has built) to facilitate traffic and travel in the industrial park.

After the adjustment, the total industrial park area remains the same. The area of ​​factory and warehouse land is from about 340,970,0m2 to about 338,570.6m2. Administrative and service land is from about 36,552,0m2 to about 37,341,6m2.

Green land – water surface increased from about 70,647,0m2 to about 75,978.4m2. Parking land for parking is from about 10,371.0m2 to about 11,807.9m2. Traffic land from about 84,100.0m2 to about 78,941.1m2. Basic technical infrastructure land has not changed.


Opportunities in the hands of industrial real estate enterprises with available land funds

According to Rong Viet Securities Company, Vietnam is becoming an attractive investment environment, creating impressive business results for industrial park developers. The average rental price accordingly also increased by 10% compared to the end of 2019, offset project development costs.

Average land price in the first quarter of 2020 reached 99 USD / m2 / lease term, up 6.5% over the same period last year.

This unit forecasts that the market will recover and grow rapidly after the disease is controlled. Bac Ninh and Hai Phong are still key industrial zone markets in the North thanks to their large supply.


Surprise about the real estate segment visitors are looking for in the epidemic season

While the real estate segments (real estate) such as land plots, townhouses, and apartments decreased transactions due to the impact of the COVID-19 epidemic, the search volume for industrial real estate in many localities still increased sharply despite rising rents.’s second quarter 2020 report shows a remarkable growth in user interest in Northern markets.

The top six provinces in the North in terms of search volume were Quang Ninh, Hai Phong, Bac Ninh, Hoa Binh, Hung Yen and Vinh Phuc.

In which, Nam Dinh Vu Industrial Park (Hai Phong) increased by 243%, Quang Chau Industrial Park (Bac Giang) increased 260% and Yen Phong Industrial Park (Bac Ninh) increased 19%, …


Unfavorable market, where to find investment opportunities?

The latest market research results show that, although affected by acute respiratory infections Covid-19, in the first 5 months of 2020, Bac Ninh city still recorded a total foreign investment capital of 395,077 million. USD.

In which, granting new investment certificates for 87 projects; grants for 42 projects; capital contribution, share purchase, capital contribution 153 times. Up to now, the province has granted investment registration for 1580 valid projects with a total registered investment capital of more than 19,243 billion USD. According to economic experts, Bac Ninh is one of eight provinces and cities of Vietnam attracting the most FDI in the country.

As of July 2020, Bac Ninh city has 16 concentrated industrial zones approved by the Government with a total area of ​​more than 6,000 hectares. In which, 10 industrial zones were put into operation and 2 industrial zones were established. The city is speeding up the implementation of the next two industrial parks. In addition, along with 26 industrial clusters with a total area of ​​898.27 ha, Bac Ninh is a locality with large production space to welcome domestic and international investors.