HCMC real estate market exciting in the first days of the year
In the early days of 2018, the real estate market in Ho Chi Minh City witnessed the boom. As a series of businesses sprung up early “hot” period of real estate.
Information disclosed from DRH Holdings, in the first quarter, the company will announce the project of luxury apartments Aurora Residences.
The project is located at 277 Binh Dong Wharf, located 3km from the city center. Not only owns the prime location two front river. Aurora Residences is also designed by Australia’s famed DKO brand.
Also in this area, South East Green Land Service and Investment JSC. Collaborated with many other real estate transactions launched Sunshine Aveanue project.
The project is invested by Minh Binh Real Estate Investment and Trading Limited Company. Southeast Land Investment and Services Joint Stock Company is a development unit. And Truong Phat Real Estate Management Limited Company is a business unit.
Around this project are many projects such as Phu Dinh bridge, Binh Tien bridge, Nguyen Van Linh underground tunnel – Nguyen Huu Tho; enlarging Trinh Quang Nghi Street; Expressway Vo Van Kiet Boulevard – Metro-4, Phu Dinh cruise ship terminal … It will be a condition for Sunshine Avenue to increase its value and to attract customers and residents to reside.
Many projects but the market still absorbed very well
In the southwest of Saigon, recently the owner of Dream House has announced a project along the river Dream Home Riverside. With a size of 2.4ha, located in an existing residential area along 51.5ha river.
The project is designed in the style of European luxury and modern. This is the product launched in 2018 to continue the success of Dream Home Luxury, Dream Home Residence and Dream Home Palace, ….
In the East Saigon area, this month also saw the entry of many projects.
Him Lam Phu An is a project also launched the final apartment market with the price of about VND1.7 billion per unit. This is the final stage of the project and it will be handed over in June this year.
Another project in the East also attracted much interest from the market CitiEsto. Although not long ago, all the apartments of the project have been booked.
It is known, following the chain of projects Citihome, Citibella and Citisoho. CitiEsto will be the fourth project in the chain of Citi products of Kien A Group want to develop in Cat Lai urban area, District 2. CitiEsto consists of 2 blocks with a total of 530 apartments designed in “green” space and no traffic in the area.
Previously, Kien A Group continued to sell the second phase of Lavila, District 7. This open has a total of 268 garden townhouses with an area of 188 – 215m2 (1 ground – 2 floors) . And no surprise, just like the first time. It was sold out in just a few hours of blurring sales
Real estate market in the first few days of the year
The real estate market in HCMC continues to show signs of volatility. The price of real estate transactions in the area has a slight fluctuation. Although most of these transactions tend to increase in price. But the current market still has many risks to investors. Especially in familiar segments such as ground.
The sales in the HCMC market have also improved. only in the last 6 months of 2017. There were 7,000 successful transactions in the market. This number is 2.8 times higher than the statistics earlier this year.
In the secondary market, the asking price also tends to increase the entire city by 3-5%.
The city has also started to form a new type of real estate business. Of units or small business companies, by the form of dividing the land plot with a small area of 40-50 m2. Belonging to the residential planning areas, granted a permit to build houses and have been issued red books. To sell to middle-income and low-income workers.
However, the balance in the real estate transactions in the city has not been. Between segments and client areas, the variance is quite high.
On the other hand, 689 projects in the city center have been discontinued. 85 projects have been withdrawn investment certificates because investors are not qualified.
Along with that, the 30,000 billion loan package from the government has been slow in disbursing. Should not help much for the market as before.
Mr. Le Hoang Chau – Chairman of the Association of Real Estate. I think that. The government has accepted the division of the apartment and allowed the conversion of apartment housing projects into commercial housing projects.
Besides, in the market of HCM City last time also appeared the cooperation between Vietnamese businesses and foreign real estate. And there is also the exchange of projects between businesses.
This is a positive sign of the market, as more super-projects will appear. Businesses can also develop their own strengths in developing projects.
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