Real estate market another picture in the South. The overall look in the HCMC market now brings a general picture of the slowdown. In the South this image is actually the opposite. As many projects are springing up in this area.
The infrastructure of the area is also changing day by day. Along with that is the support policies for real estate is also increasingly active in a positive direction.
Large capital resources bring the development of the whole area
The southern part of Ho Chi Minh City (South) is an area comprised of districts 4, 7, 8 and Hu Be. In particular, the development of prominent and mainly in this area is concentrated in District 7 and a part of Nha Be Distric.
Because there is a presence of two “big” in the real estate Vietnam is Phu My Hung and recently An Gia Investment. With the support of the big foreigners, especially the investment fund Creed Group comes from (Japan).
According to CBRE Vietnam, by the end of 2017, the southern area of HCM City has surpassed the East. To rise to become the leading source of real estate in HCMC. 36% and 29%, respectively, of the apartments in the South and East of the market.
Inadequate statistics, in the South there are currently 10 projects with thousands of apartments operating in the market.
Outstanding projects are Angia Skyline of An Gia Investment, Lux City of Dat Xanh Group, Hung Phuc – Happy Residence of Phu My Hung, Hung Phat Silver Star of Hung Loc Phat, Sunrise Riverside of Novaland Group.
Hung Loc Phat Company is the pioneer in the market with the Golden Star luxury apartments with 500 apartments.
This is followed by An Gia Investment in the market because of the cooperation of Phat Dat with Creed Group Investment Fund (Japan). This partnership has created the River City project (District 7), with 8,000 apartments and an investment capital of $ 500 million.
Most recently, the SaigonMia apartment project was launched by Hung Thinh Corp. The project is located on the extended Nguyen Van Cu street and is located in Trung Son residential area, District 7. This project has brought a great resonance when 300 apartments were sold out after only one day to market. .
Many experts give advice to investors. When there are many projects sprung at the same time as today, the investors need a reasonable sales strategy. And need to change the approach to customers.
In addition to exploiting the advantages such as location or create a special mark on the design, architecture. Investors also need to address financial issues, as this is a matter of concern to customers.
That said, but not all investors can provide the appropriate financial support measures. Because of this, a lot of financial resources are needed. In this case, the secondary investors or new entrants into the market certainly do not have.
Promote the strength of location and infrastructure, traffic
According to general assessment of the market today. The most popular projects nowadays are green projects, modern projects and projects with beautiful views. Especially in Ho Chi Minh City, customers like riverside apartments.
The project, even a few kilometers from the river, but with a view of the river, the price is still higher than the general market.
Even the planning of the City People’s Committee must meet this tastes. As part of adding value to the property market with nearly 13 million people.
Specifically, the city stipulates the project from the west of Saigon river to the distance from the river edge to the project is 50m. Meanwhile, the east coast, which is mainly in District 2 and Thu Thiem, is a new project. So when construction is 100m from the bank.
According to experts, beside the concept of fortune, the value of the landscape is also a factor for Asians choose their ancestors. Therefore, if you know how to fully exploit the advantages of water, the value of real estate can increase by 10-20%.
In addition, the city for investment in a series of infrastructure projects, traffic. Also contributing to promoting the economy in the South in general and the real estate market in particular.
Prominent is the project of Thu Thiem 4 bridge 2,000m long, connecting from Nguyen Van Linh road through Thu Thiem new urban area (District 2). Phat Dat company will start construction this year and put into use in 2019.
This bridge will contribute to shorten the travel time from the South to the city center. As well as contributing to the development of Phu My Hung new urban area.
In addition, a number of other transport projects will be built and completed in the next few years. To create a ventilation system for the South area so that this area can bring into all the value that it has.
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