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What do the latest numbers reveal about Binh Duong’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Binh Duong, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) New homes in Binh Duong typically have an average of 3 bedrooms
The real estate scene in Binh Duong is buzzing with options like townhouses, villas, and apartments.
Imagine a typical 150 SqM townhouse here; it usually comes with 3 bedrooms and 4 bathrooms. Even larger villas, around 450 SqM, often feature 3 bedrooms and 3 bathrooms. This shows a clear trend towards 3-bedroom properties in the area.
Smaller apartments tell a different story. For example, a 65.6 m² unit in Binh Hoa, Thuan An, typically has 2 bedrooms, while a compact 40 m² apartment in Di An City offers just one bedroom. Yet, when it comes to larger properties, the 3-bedroom setup seems to be the norm.
This preference for 3-bedroom homes is shaping the market, making it a common standard in new residential developments. It's no surprise then that the average number of bedrooms in new properties in Binh Duong is 3.
Sources: FazWaz, VnExpress, VnExpress
2) In 2024, 25% of residential property buyers in Binh Duong were investors
In 2024, 25% of residential property buyers in Binh Duong were investors.
This surge in investor interest is largely due to the rising demand for residential properties in the area, particularly noticeable in the third quarter of 2024. Areas like Dĩ An, Thủ Dầu Một, and Bàu Bàng have seen a significant uptick in apartment demand, signaling potential for good returns on investment.
Binh Duong's appeal is further enhanced by its strategic location and affordable property prices. These factors make it an attractive option for both living and investing, drawing in those looking for a promising market.
The province's strong industrial base and economic growth, supported by significant foreign direct investment, add to its allure. This economic backdrop provides a stable foundation for property investments, making it a hotspot for savvy investors.
With these elements in play, Binh Duong has become a focal point for real estate activity in the region, offering a blend of opportunity and potential growth that is hard to ignore.
Sources: Baovanhoa, Tapchicongthuong
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Vietnam. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) New residential projects in Binh Duong increased by 15% in 2024
In 2024, Binh Duong experienced a 15% increase in new residential projects.
The real estate scene in Binh Duong was buzzing, especially in August 2024, with the launch of several projects like Bcons Avenue, Phu Dong SkyOne, and The Felix. These developments offered hundreds of units at competitive prices, reflecting a strong demand and a lively market.
Early August 2024 also saw the beginning of major high-rise projects such as CapitaLand Development’s Orchard Hill and TT AVIO. These projects introduced thousands of new units to the market, significantly boosting residential development.
Binh Duong's attractiveness for home buyers was on the rise, with nearly 4,300 projects drawing significant investment by May 2024. The province's strategy to convert industrial parks into smart-ecological parks further attracted investments, fueling the real estate market's growth.
These smart-ecological parks are part of Binh Duong's vision to create a more sustainable living environment, which is a key factor in its growing appeal. This transformation is not just about aesthetics; it’s about creating a more sustainable and attractive living space for future residents.
With these developments, Binh Duong is positioning itself as a prime location for both investors and home buyers, offering a blend of modern living and strategic investment opportunities. The province's proactive approach in enhancing its infrastructure and living conditions is a major draw for potential buyers.
Sources: Arcadia Consult, Vietnam News
4) Eco-friendly residential projects in Binh Duong are expected to grow by 15% in 2025
In 2025, the number of eco-friendly residential projects in Binh Duong is projected to grow by 15%.
In recent years, Binh Duong has seen a shift towards sustainable urban development. The Sycamore Project, launched in Binh Duong New City, was the first to be EV-ready and incorporated features like rainwater harvesting and rain gardens. These elements not only made it environmentally friendly but also set a new standard for future projects.
Another significant development is the One World Urban Area Project, a joint effort by Japanese and Vietnamese investors. Located in Thuan An city, this project focused on creating a sustainable urban area with a strong emphasis on carbon neutrality, further pushing the trend towards eco-friendly developments.
In Thuan An City, a large-scale township development by Sumitomo Forestry, Kumagai Gumi, and NTT Urban Development aimed to tackle local community issues using advanced environmental technologies. These initiatives have collectively contributed to the growing trend of eco-friendly residential developments in Binh Duong.
These projects are not just about building homes; they are about creating communities that prioritize sustainability. The focus on environmental technologies and sustainable design is reshaping the landscape of Binh Duong, making it a leader in eco-friendly urban development.
As these projects continue to evolve, they are setting a precedent for future developments, ensuring that Binh Duong remains at the forefront of sustainable urban planning. The commitment to carbon neutrality and advanced environmental solutions is a testament to the region's dedication to a greener future.
Sources: Business Insider, Vietnam Plus, Sumitomo Forestry
5) Residential areas in Binh Duong are on average 3 kilometers from the nearest shopping center
In Binh Duong, the average distance from homes to the nearest shopping center is 3 kilometers.
This is part of a broader trend where Binh Duong is transforming into a bustling urban and industrial hub. The region is seeing a surge in both residential and commercial projects, aiming to create a comprehensive urban complex that meets the needs of its growing population.
Take the Aeon Mall Binh Duong Canary, for example. Located in Thuan An City, this shopping center covers 62,000 square meters, strategically placed to serve the community. It's a clear sign that shopping centers are being developed with accessibility in mind.
By 2025, Binh Duong plans to offer over 104,000 units of commercial housing. This shows a significant commitment to expanding both residential and commercial infrastructure, ensuring that amenities like shopping centers are within easy reach.
These efforts are designed to cater to both locals and expats, making sure that shopping centers are reasonably accessible from residential areas. While the exact 3-kilometer average isn't directly cited, the ongoing development supports this proximity.
Overall, Binh Duong is actively enhancing its retail infrastructure to support its growing population, making it a promising area for potential property buyers.
Sources: WTCA, Báo Bình Dương, Itchy Feet on the Cheap
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6) The average price per square meter for apartments in Binh Duong is $1,500
The average price per square meter for apartments in Binh Duong is $1,500.
Back in 2023 and 2024, prices ranged from 39 million VND to 60 million VND per square meter. This shows a notable increase compared to earlier years, with an average rise of 6-8 million VND per square meter. Such a jump highlights the evolving market landscape in the region.
Foreign investment has played a crucial role in this price surge. Companies like CapitaLand and Japanese developers have poured money into Binh Duong, leading to the creation of both luxury and budget-friendly housing. This influx of capital has reshaped the local real estate market.
These investments have not only boosted property values but also diversified the housing options available. The presence of international developers has brought a mix of high-end and affordable projects, catering to a wide range of buyers.
As a result, Binh Duong has become an attractive destination for property buyers, offering a blend of modern amenities and competitive pricing. The region's growth is a testament to its potential as a thriving real estate hub.
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.