WHY ARE APARTMENT RENTAL PRICES ON THE INDUSTRIAL PARK INCREASING SO RAPIDLY?

Housing fever near industrial parks – When demand exceeds supply

The strong economic development and the continuous flow of FDI into Vietnam have made our country one of the largest manufacturing centers in the region. According to the Ministry of Planning and Investment, by the end of 2024, Vietnam will have more than 453 industrial parks, many of which are operating with an occupancy rate of over 80%. This is an important driving force for housing demand for hundreds of thousands of high-quality workers and foreign experts.

Although the demand for apartment rentals is increasing, the reality is that the housing supply in provinces with industrial parks has not kept up with the pace of development. Currently, most high-end apartment projects are still concentrated in Hanoi and Ho Chi Minh City, while in localities such as Bac Giang, Bac Ninh, Thai Nguyen or Phu Tho, the market is mainly real estate, shophouses, townhouses, very few apartment projects are fully planned. This leads to a serious imbalance between supply and demand, causing the rental price of apartments near industrial parks to increase sharply in recent times.

Market data shows that in Bac Ninh, apartment rental prices range from 10-15 million VND/month, equal to the inner city area of ​​Hanoi. Bac Giang is no exception with rental prices ranging from 9-10 million VND/month, while in Phu Tho, rental prices reach about 8-9 million VND/month. 

In particular, Bac Giang is emerging as the new industrial capital of the North with a series of large industrial parks such as Van Trung, Quang Chau, Dinh Tram, Song Khe - Noi Hoang... attracting nearly 300,000 high-quality workers who are domestic and foreign experts and engineers. Although the demand for apartment rentals has increased sharply, the real estate supply here is mainly land and commercial townhouses, leading to a serious shortage in the rental apartment segment. 

A survey of the rental market in the industrial capital of Viet Yen, Bac Giang, shows that most of them are motels, inns, and hotels with an area of ​​15-20m2, without kitchens in the apartments, and the rental prices also change every day. Currently, foreign experts still have to travel to Hanoi during the day due to the shortage of apartments for rent, and the apartment facilities do not meet the requirements, which makes businesses near the industrial park always frantically looking for rental locations near the company to save time and travel costs.

Owning a central location in the 3 largest industrial parks in Bac Giang (Quang Chau Industrial Park, Van Trung Industrial Park, Dinh Tram Industrial Park), Evergreen Bac Giang has become one of the rare projects that helps to "cool down" the thirst for apartment supply here. Right from the launch of phase 1, the project has attracted the attention of investors and quickly cleared the inventory in a short time. At the same time, after a short time of handover, the apartments here were 100% filled, which shows the heat of the apartment rental market in the industrial park.

Following the success of the previous two phases, in phase 3, the investor opened for sale The Elite Tower - one of the rare commercial towers of the project. The tower quickly received the attention of investors with the product fund sold out as soon as it was released. In March 2025, the investor continued to introduce the last 48 corner apartments, which are considered the most beautiful in the project. This is a rare opportunity for investors to get ahead of the market, owning a 3-bedroom apartment with an initial capital of only 660 million VND/apartment.

Golden opportunity for investors in apartments near industrial parks

In addition to solving the real housing needs, owning an apartment near an industrial park also brings sustainable investment potential thanks to high rental rates and strong price increases. Evergreen Bac Giang has all the elements to become an attractive investment channel in the context of a fluctuating real estate market.

First of all, the project has a prime location right in the center of the three largest industrial parks in Bac Giang, ensuring that rental demand is always high. This is an important advantage that helps investors feel secure about the ability to exploit rentals and maintain stable cash flow. According to actual surveys, the occupancy rate in large industrial parks always reaches 95-99%, showing that the housing demand of high-quality labor is constantly increasing.

The important advantage that makes the Evergreen Bac Giang project successful is the reasonable selling price, helping customers optimize cash flow, easily invest in assets, exploit long-term profitable rental without having to bear financial pressure. From only 2.1 billion VND - an amount not enough to buy a studio in the suburbs of Hanoi, customers can own a 3-bedroom apartment, long-term ownership at Evergreen Bac Giang. Compared to the development potential of the area, this is an attractive price for investors, especially when the supply of apartments in Bac Giang is increasingly scarce.

Another highlight that makes Evergreen Bac Giang an ideal choice is the 3-year leaseback commitment policy with a profit of 12 million VND/month. This helps investors ensure income from the beginning, while not having to worry about management and rental operations. 

In the context of an increasingly competitive real estate market, owning an apartment in a project with a prime location, high rental demand and strong price increase potential like Evergreen Bac Giang is an opportunity not to be missed. 

Contact information:

INDOCHINE REAL ESTATE JOINT STOCK COMPANY

Professional real estate development and distribution unit

Hotline/Zalo consultation: 0901 789 182

Website: indochinerealestate.vn