HCMC real estate market: The coastal area becomes the center
In Ho Chi Minh City in 2017, the land of coastal districts such as Binh Chanh, Nha Be and Hoc Mon became the focus of the market. Because these are localities with information planned to the district. And land prices in these areas are still much lower than the market.
Le Vu Tuan Anh – Deputy General Director of Thang Long real estate forecast. In 2017, the real estate market in Ho Chi Minh City has 3 hot spots with the margin increase from 15% to 30%. He added that within the next five years, coastal areas would be the most likely names.
Land price in Binh Chanh district has high potential
The communes of Binh Chanh district have a lot of potential for price increases in the coming years. Except for Trung Son district – the rich neighborhood of Binh Chanh district. That area is currently priced at a level comparable to the central district so it will grow more slowly and temporarily be saturated in price this year.
The communes are the leaders of the price increases are Vinh Loc A, Vinh Loc B. These two are the land prices are compared to the lowest in the district. As rural areas, the land is still inactive for many years.
But in the new year, when the rural coat was stripped. Instead of urban, land prices in these two communes will fluctuate very strongly. The reason for the price increase is due to psychological effects so it will not last long but only in a short time. The long-term price increase must be the formation of synchronous transport system.
It is National Highway 1A and Highway 10, connecting with Duc Hoa Industrial Park of Long An. Vo Van Kiet is a bridge connecting National Highway 1A across Saigon River to District 2 and going to Dong Nai. Nguyen Van Linh road connects from National Highway 1A to District 7.
Nha Be land price is expected to increase 30%
In 3 districts there are planning information to the district. Nha Be is considered to have the highest potential. The local price increase has hit the forecast of 30%.
The reason is that there are so many names in the industry and many secondary investors are ahead of the market. In the 12 months of 2017, with such a surge. Nha Be district has become the locality has the highest increase in Ho Chi Minh City. Cause is pointed out because H. Beef convergence is sensitive factors that help real estate prices rise.
The first factor is the appearance of the metropolitan project of Hiep Phuoc Port. And the second and most important element is the synchronous infrastructure, the transport is connected to the inter-provincial, inter-regional.
Besides, there are factors that will also create support for Nha Be sustainable development such as the gateway location of Saigon South; bordered by Long An, Dong Nai provinces; There are important routes that connect easily to the city center. In addition, it also inherited many conveniences in the high-end infrastructure of Phu My Hung, District 7.
Hoc Mon ranks behind Binh Chanh and Nha Be
It is ranked behind Binh Chanh and Nha Be districts in terms of current land prices and growth rates in the past year. But real estate in Ho Chi Minh City is still classified as the most potential group in the city.
It is estimated that in 2017, land in this area may be up to 15%. This is an ideal rate increase, as this number is equal to double the interest throughout the deposit area. The hot spots of this district include: along Phan Van Hon (Xuan Thoi Thuong) and along Nguyen Van Be.
Hence, the price of Hoc Mon land is not different from the other two districts. It is also because the transport infrastructure is being invested heavily. Especially, it is served by Metro No. 2 connecting Ben Thanh with Tham Luong.
Besides, the project of upgrading and expanding An Suong bus station has also created an investment flow to welcome wave of infrastructure in this area. In 2017, land prices in Saigon rose almost equally across the board. But it still predominates at the familiar gateways in the southeastern and western parts of the city.
By the year 2018, the heat of the market may hope to spread to other areas, less attention. Like the three districts are considered up district.
Therefore, it is predicted that a new land price will be set up in 2018. In areas bordering on Binh Chanh, Nha Be, Hoc Mon, etc.
The expert also offers advice to investors. That is, to investigate carefully, through many channels when want to pour money into the land in these 3 districts. At the same time, you need to be very alert to the current price trap which is quite popular in the market. That is the price increase only when the offer at the public auction, the price does not increase.
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