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Forecasts HCM market in 2018

real estate in HCMC

The real estate market in Ho Chi Minh City the first day of the calendar year is going on. What will be the trend in the new year 2018?

Here are nine forecasts that Ho Chi Minh City Real Estate Association (HoREA) launched for the market in the new year 2018.

Firstly, the real estate market is still in the cycle of recovery and growth. However, the trend is still slower than in previous years. It is forecasted that the period from 2017 to 2020 will be a period of great adjustment for the market. Especially, the supply-demand of the current real estate. Help this market develop healthier and more sustainable. This will also be a strong move to real estate segment cheap and cheap. Meeting the real needs of the majority of the population is still low-income workers.

The supply and demand of real estate and the change of real estate
The supply and demand of real estate and the change of real estate will be major changes in 2018.

Secondly, Ho Chi Minh City has a project to transfer the area of ​​one third of agricultural land. To serve the development of industry, urban areas, developing a smarter, more modern HCM City. This is an important factor for the real estate industry to orient its development in many. The next year. As this will be a huge land fund to be launched, the city wants the business to contribute to the development.

Thirdly, most people in Ho Chi Minh City have been exposed to information technology. Nearly 60% of people under the age of 35 were asked to use the internet (53% of the population, 46.64% higher than the world average). With a megacity of nearly 1 million people like Ho Chi Minh City. It will open a new real estate business that is buying and selling real estate online. To take full advantage of the information technology advantages in today’s digital era.

Fourth, the scale of the HCMC real estate market is now beyond the administrative boundaries of the city. What 2017 has done well is to increase the spillover of HCMC real estate to the surrounding area. Especially in the provinces of the South East such as Long An, Dong Nai, or even Binh Duong, … The spill has promoted both real estate cities as well as developed provinces. This issue needs to be strengthened in 2018.

real estate in HCMC
HCMC real estate has gone beyond its administrative boundaries. Creating favorable conditions for this property TP may develop in the coming years

Fifth, the trend of cooperation between domestic as well as foreign companies is strong. M & A activity has gone a long way in the past year. And create a premise for a 2018 that could explode. In particular, contributing very effectively to this is good implementation of the bad debt resolution passed by the National Assembly. Foreign cooperation projects will create a new face for the city of Ho Chi Minh City. For the most part, these are super projects with huge capital investment.

Sixth, foreign direct investment (FDI) and remittances continue to flow to HCMC. This will be an important resource for investment in economic development in general and real estate in particular. Because of the remittance capital flowing into the property, it is the most, accounting for over 50%. This is the whole country and especially Ho Chi Minh City do very well. With the current strategy of attracting capital, it is hoped that there will be more industrial projects in the area.

Seventh, the fourth technology revolution, Internet connection, artificial intelligence are the dominant trend of the economy. Real estate with the trend of open space, many green space; Modern, advanced, … will be the main trend of. Especially the projects with unique design, prime location, … will still be the projects of much interest.

real estate in HCM City
Green property will be the main trend of not only the cities in Vietnam. And the world has followed this trend for a long time

Eighth, still the story “bong bong” real estate from the end of 2017 to pull. Many experts claim that 2018 will not be possible.

Because the size of the real estate market in Ho Chi Minh City is not the same. In addition, the state now has a presence in the real estate. To correct the deviation in the market. On the other hand, enterprises have made efforts to restructure their investment and business restructuring. And shape the direction, future products.

In addition, the main characters are secondary investors. They are now more alert and cautious in investing their property. In other words, once they “die of resurrection” for real estate investment, they are now wiser and more careful not to make the mistake again: The market is now a “smart” market. “With a smarter state, smarter investors, smarter banks, smarter consumers, …

Ninth, HCM City is focusing on developing modern infrastructure. Because infrastructure is a key factor for economic development as well as for real estate. Firstly, traffic roads, overpasses, urban railways, inter-provincial railways, high-quality buses, river buses, etc.

All will create a lot of great investment opportunities for businesses to “follow” the transport infrastructure. To be able to develop solid real estate first is medium term and then long term.

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