Real estate market in HCMC will continue to be exciting
Many economists assess real estate (HCMC) in 2017 has a bright color. Stable transactions, FDI inflows, as well as the number of new real estate firms, increased.
Along with that, secondary investors and buyers are also more cautious, more knowledgeable … In 2018, the city-wide market will be active in most segments.
In addition, experts forecast, in 2018 Vietnam to participate and fully fulfill the WTO commitments. This is the opportunity for HCMC to attract FDI, because our country has integrated real estate with the world.
Le Hoang Chau, chairman of HCMC Real Estate Association (HoREA), said. Credit to November 2017 has increased by 15.3% and as reported by the end of 2017 has increased by 21%.
This credit will naturally not be used in 2017 but will move through 2018. This resource plus the growth of 2018 will also create a large capital inflow for the economy.
“That proves that Vietnam is an extremely safe and secure country for credit lines. So the real estate market in Ho Chi Minh City is likely to break through in 2018. Especially, the city has recently adopted a special mechanism, “Chau said.
At present, in the East Saigon area, the land fund has been deployed almost and not empty. So that market area will not be able to make a breakthrough this year.
Instead, the NPCs of Nha Be and Binh Chanh (South) will explode. Thanks to the advantages that the infrastructure brings. Plus the spectacular return of the projects that have “shone” for many years.
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High-end segment after one year supply surplus will slow down. However, the demand still remains, so the supply will probably increase slightly. But the projects this year will be special projects and located in the prime location.
Instead, mid-end residential condominium projects will be more centralized. In 2018, the prices of both middle and high end products will remain stable and unlikely to change. price action.
Property market in 2018 is expected to be better than 2017 thanks to many factors, including policy. The decree related to planning, new projects and especially the segment of real estate market will be more reasonable.
The favorable environment for investors to develop in 2018 is the divestment of outside corporations by corporations and corporations, including a large proportion of real estate.
According to Mr. Pham Lam – General Director of DKRA Vietnam. HCMC real estate market will move to the outskirts and adjacent districts. Dong Nai, Binh Duong, Long An, Vung Tau. Because land prices in these areas are low and have high growth potential.
Mr. Lam also emphasized and added. Property development will still grow, but projects that promise profits will not boom as before. At the moment, the project must be managed by big names to have the opportunity for development.
What’s in the New Year
The first bright spot that most noticeably is inventory inventory last year was partially solved. Along with that, the market has been prospered by policies to attract investment from abroad.
Signs prove that there are many investors from Japan, Korea is interested in the market in Ho Chi Minh City. In fact, there have been many successful projects symbolizing this successful collaboration. And they are in need of an open, open-door policy to invest more in this potential market.
On the other hand, there are many projects waiting to be constructed and awaiting licensing. Along with a lot of new businesses are established. Therefore, 2018 is expected to be a fierce competition in the real estate market. And each segment will have different appeal to attract investors.
In 2018, the office for lease is also a form of interest
There are quite a few international companies that love high-end office space in the downtown area. Because it is not only convenient but also reflects the strength of the business.
According to the current integration, the Grade A offices in high-rise blocks will receive great attention. Especially multinational enterprises. However, the supply of this type in HCM City is still limited. So its price will definitely increase for many years to come.
According to the city’s tourist office, the number of visitors to Ho Chi Minh City is about 2 million per year. This is not only favorable for the tourism industry but also create a great attraction for the real estate industry. Especially luxury resort. Therefore, enterprises need to restructure their products and restructure their investment. To better match the current tastes of customers.
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