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Apartment Market in East HCM City: It is rare new goods, prices fluctuated sharply

Victoria village project

New supply appears less, price fluctuations increase is the reality of mid-high end apartment market in district 9, District 2 (HCMC) at the moment.

However, price fluctuations and purchasing power are not evenly distributed across regions. Special. The area of ​​P. My Thanh Loi, Cat Lai is quite exciting, the price increase by the benefit from the infrastructure is gradually improving.

It is rare new goods

The fact is, from the beginning of 2017 until now, the supply of medium- high-grade apartments in the East HCMC market quite a bit. Current trading is mainly on the secondary market with average price increase of 7-15% over the same period last year. In some prime locations, the price may vary by 20% within 12 months.

However, according to experts in the industry, the increase and transaction will not occur evenly between the projects and the region. An overview of the apartment market in the East. HCM’s old projects always have the source of goods for sale but the ability to absorb investors is not significant because the secondary price has reached a high threshold. Meanwhile, real estate investors tend to look for new projects to get better prices and sell better. In particular, in terms of price increases, the new projects are gaining higher because of the advantages of demand, current status, utility …

Remarkably, in the segment of high-end apartments, it seems that the market in the East only appeared a few “new” projects, the most prominent in the Thanh My Loi area is Victoria Village project. The scarcity of supply also causes the price of real estate here tending to increase.

East Saigon Real Estate
Scarce supply of luxury apartments, real estate market in East HCMC is setting new price

Cash flow is “leaning” on Thanh My Loi area, District 2

Previously, investors often “target” the projects around Thu Thiem, An Phu, Thao Dien, now their focus tends to “lean” in the Thanh My Loi area. This is perfectly understandable because this area is considered as the “heart” of the property market when a series of good signals are all at the same time here.

This is the real estate sector is benefiting completely from the infrastructure projects have been and are finishing. First of all, the 500 billion bridge project connecting the riverbank with Mai Chi Tho Avenue, District 2 has just been opened at the end of May, 2018. The completed bridge makes real estate in the area increase in value.

Not to mention, this is the administrative center of district 2, has two sides bordering the Saigon River, is planning the largest yacht in Ho Chi Minh City as well as the central park more than 50 hectares, infrastructure delivery complete communication and high connection … These things have created a clear advantage for the Thanh My Loi area, as a basis for real estate prices increase value over time. This is also the premise for attracting people to live, especially the customer groups towards the need to live sustainably.

In Thanh My Loi area, Victoria Village of Novaland Group is the most noticeable project. With the advantage of 4 facades, the project is highly valued for future profitability. Especially, located in the residential area of ​​Victoria Village, the commercial and service apartments, townhouses and villas, the residents enjoy the full value of the natural habitat and synchronous transportation infrastructure of the area.

victoria village
Victoria Village of Novaland Group, a rare project in the East HCM

The highlight of the project is the system of internal utility is invested “strong hands” with living space and modern class. Including swimming pool, children play area, gym room, park square 5.000sqm. In addition, project residents have inherited all existing out-of-town facilities such as: Lotte Mart, Metro; Rach Chiec Sports Complex; Snowtown Saigon Entertainment; AIS International School, …

According to the investor, in order to maximize the demand for residential and investment, the Victoria Village project will introduce a series of attractive offers for apartment products in the amount of term. Specifically, there will be 2 incentive packages with apartment buyers. Firstly, the “Small payment – big house” incentive package, customers only need to pay VND450 million in the first phase, then flexible 1% / month until receiving the house. Secondly, the package: “Buy a house in the future – live in the present”, customers will be offered a real package of 20 months at The Sun Avenue apartment (Mai Chi Tho Avenue, District 2) .

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Apartment Market in East HCM City: It is rare new goods, prices fluctuated sharply
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