Although the supply of apartments in district 2 is not cheap, in terms of overall, this is still the most prominent area of Saigon real estate in 2017.
From the beginning of the year to now, District 2 and District 7 have always been the focus of Ho Chi Minh City real estate, in which District 2 apartment projects are relatively cheap, most of which are mid-range apartments in District 2 and high rise apartments sprung up. The property market of Saigon 2017 is therefore generally quite warm and vibrant.
The advantage comes from the infrastructure system
District 2 is a new urbanized district that is now one of the key inner-city districts and will be the new commercial center of Ho Chi Minh City. With these advantages, the infrastructure of District 2 has been developed and developed into an enormous advantage for the development of economy, society and property projects of large and small, including cheap apartment project in District 2.
The infrastructure of District 2 has been strongly developed with a series of large roads built such as Ben Thanh – Suoi Tien (Metro No. 1) An Phu traffic, Thu Thiem 2 bridge, Ha Noi highway extension, Mai Chi Tho street, Luong Dinh Cua street … connecting District 2 with other areas of the city. If you choose to buy apartments in District 2, people can easily move to other places without spending too much time.
Since the start of the Metro line, a series of property projects, most of which are mid-range apartments in District 2, have been flown here, followed by many other projects that follow the attraction of the route. This urban railway. District 2 property has developed so rapidly that it has established complete residential areas such as Gateway Thao Dien, Master Thao Dien, Centana Thu Thiem, Master An Phu, Lakeview City …
Finding District 2 is not only about finding a place to live, but also living in a modern and comfortable environment.
District 2 cheap apartment segment is lacking
District 2 and District 7 occupied about 21% of the market share of new apartments in Ho Chi Minh City, but the supply of District 2 cheap apartments is not much. The projects started here are mainly middle-class apartments in District 2, villas, townhouses and luxury apartments.
The shortage of cheap apartments has caused the supply to be less than demand, most of the projects offered for sale at affordable prices are in the state of fire, while the two segments also The middle and high level is too much, but people with real needs cannot afford to buy.
The large gap between the supply-demand balance in the low-end segment is not only a problem of District 2 but also the real estate of the whole country. The reason derived from the support from the state and the owner is not much, the profitability is not high and the cost is not saved is how the owner afraid to “move” into the cheap apartment in district 2.
Given that housing prices are so high compared to the current average salary of Vietnamese people, it is hoped that the government will move positively to stimulate the investment of enterprises in the future. The increase in the supply of District 2 cheap apartments in particular and low-cost apartments in the whole country in general.
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