The mid-range apartment segment in HCM City is accelerating the year-end trend when it recognizes the superiority of real demand, purchasing power and liquidity.
Especially in East HCMC with modern transport network and infrastructure, quality projects coming from reputable investors are attracting a large number of buyers for both living and investment.
Midrange apartments increase its heat
HCMC Real Estate Association (HoREA) forecasts that in the period 2016-2020 the real estate market will have a strong restructuring, product restructuring to address the phase difference supply – demand. Accordingly, the market will shift the supply from the high-end segment to the mid-range apartment, which is affordable.
CBRE Vietnam’s real estate market in the first 6 months of 2017, middle-class apartments ($ 800-1,500 / m2) accounted for 67% of total apartments sold. Because of the small initial capital, the investors were able to rent or sell at high prices when the house was handed over.
Young customers with the stable income, with a small fee, are able to own an ideal living place, ensure full facilities and meet the standards of modern living.
Investors race, customers have the benefits
Understanding the increasing demand for mid-range apartment segment, a series of projects from Vingroup, Hung Thinh, Him Lam Land… have been introduced to the market with impressive messages about location, utility, living environment… Although the segment supply is quite plentiful but only real estate products by the prestigious units investment and development, quality is confirmed, progress guaranteed as committed… can reach the customer’s “target”.
Completed new projects to open sales, construction progress always exceeds commitment, value-added progress, flexible payment schedule… are the real estate business known in the project by the Him Lam Land Joint Stock Company as the investor. Recently, Him Lam Land has held real estate visitations at Him Lam Phu An (District 9) to meet the demand for understanding and monitoring the quality of construction and finishing of apartments throughout, which is executed by the customers. This program has added confidence to customers when choosing the Him Lam Land products.
East Saigon continues to attract investment
Many investors and buyers have to move quickly to areas such as districts 2 and 9 … to hunt for projects with reasonable prices but still ensure high profitability. The speed of urbanization is fast, infrastructure has been developed in a modern way, the East Saigon continues to be an investment hotspot in the coming time. Many apartment projects in this area have very good absorption. Him Lam Phu Dong, Him Lam Phu An by Him Lam Land as investors, when launched products, in just a short time, they were all welcomed by customers. Especially, thanks to the investment from the synchronous infrastructure to the management of operation … the value of products projects increased sharply from 20% to 30%. Even in isolated residential areas Him Lam Phu Dong, the price increase product may exceed 50%.
View more listings of apartments are sold in Ho Chi Minh City: Apartment for sale in Ho Chi Minh City
Him Lam Phu An is the focus project in the mid-range segment in the East of HCMC last time. According to expert analysis, due to the adjacent location of “backbone” of the urban railway system and public transport of Ho Chi Minh City, Him Lam Phu An is continuing to create a strong investment fever in the property market by the potential to increase the value of progress in the near future.
Notably, Ho Chi Minh City is promoting the necessary procedures for reviving the Rach Chiec Sports Complex (District 2) after 20 years of projecting to serve the plan to host the 31st SEA Games. This will make the real estate area very hot “in the next 1-2 years, said Ngo Quang Phuc, Deputy General Director Him Lam Land, along with the infrastructure is being The Rach Chiec Sports Complex will be a financial leverage that will add value to the Saigon East Real Estate market.
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