Eden Hills – fast-emerging opportunities for real estate investors

The pandemic has turned real estate demand up side down in Vietnam, with people leaving the cities for a healthier and safer rural setting. The trend is expected to grow more prominent after the COVID-19 pandemic. In the south, Lam Dong province is one of the few areas in the Central Highlands with outstanding strengths to seize the trend.

The market in the province's Lam Ha district has been developing well thanks to the Ho Chi Minh City-Dau Giay-Lien Khuong Expressway, and Dau Giay-Lien Khuong-Da Lat Expressway expected to break ground next year. These road systems put Lam Ha right on the main road connecting the major economic centre in the south to the Central Highlands.

Besides this, Lien Khuong airport is another booster for infrastructure development in the Central Highlands, helping to share the overload of south-central airports and bringing more investors to the Highlands market. In addition to luring in local investors from neighbouring areas like Ho Chi Minh City, Binh Duong, and Ba Ria-Vung Tau, the region can expect more visits from the north like Hanoi, Haiphong, and Quang Ninh.

Stretching across Di Linh Plateau and part of Lang Biang Plateau, Lam Ha attracts investors with its natural conditions, as well as mild and cool climate with two rainy and dry seasons where people can experience all four seasons in a single day. The high humidity is quite favourable for people's health as well as cultivation and animal husbandry, and the landscape is ideal for living close to nature as well as the development of resort tourism and eco-tourism.

Catching up with the trends and utilising the strengths of planning, infrastructure, and natural conditions in Lam Dong province, many real estate and resort projects have been formed such as Me Linh Garden Hill, Nam Ban Village, and Eden Hills (in Lam Ha district).

In the time coming, this area will a become vibrant tourist destination with world-class service quality from well-known developers like Novaland Group (Novaworld Dalat), Dai Quang Minh Real Estate Investment Corporation, a venture of Hung Thinh-Deo Ca-Nam Mien Trung Group, Golden City JSC (urban areas), and Vingroup (Vinpearl Dalat next to Tuyen Lam lake).

The entry of numerous real estate giants to the Central Highlands confirms the huge potential for diverse development. According to experts, with distance made meaningless by transport infrastructure, the entry of real estate giants is opening up many opportunities for the resort real estate market in the province, and the number of real estate transactions here is soaring sharply.

According to the Vietnam Association of Realtors, in the first half of the year, despite COVID-19, the number of successful transactions in Lam Dong remains high (11,865 transactions). Additionally, in the third quarter, land prices in Lam Dong were increasing as more investors are flocking to the province. Mid-range residential, housing, and eco-resort projects now fetch about VND4-7 million ($175-305) per square metre.

This is quite understandable because the land funds in big cities are growing scarce while the growth potential is diminishing, thus affordable and promising alternative destination are rising fast on investors' agenda.

Specifically, Eden Hills in Lam Ha district meets all new requirements. Not only is it an ideal resort, it also set aside a separate space for growing clean vegetables and raising fish, an experience that cannot be found in the hustle and bustle of city life. Resort Villas at Eden Hills not only bring buyers solid investment and use-value but also spiritual values.

Experts say that the real estate market of Lam Ha district and the Eden Hills project still have a lot of room for development with opportunities aplenty for investors. With a geographical location adjacent to Dalat and Lien Khuong airport only a few minutes by car, land prices are very favourable and suit the pockets of the vast majority of investors, with promises of great profitability once the infrastructure system, expressways, and ecosystem are in place in the next few years.