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Mid-range Apartments Are Still Dominating The Market

Mid-range apartments are still dominating the market

Not too exciting, but with great demand, the segment of the apartment market has the medium price, especially with the project has a favorable location, the good construction schedule is still attracting people having need to live.

According to market research reports of a number of companies that have just been announced about the real estate market in the second quarter, it is noteworthy that the consumption of the market is showing signs of slowing down. , but the supply of centrally-located apartments still rises to dominate the market.

Entering the second half of the year, the supply of apartments in the HCMC real estate market is rising sharply, mainly in the middle segment. This is not out of the question as the real estate sector’s year-end run has started.

Mid-range apartments are still dominating the market
real estate market in 2015 has been prosperous and the development area is still quite large in the coming time.

Mr. Ho Huu Xuyen, Deputy General Director of Kien A Group, said that the market of high-end apartment products is returning, however, according to the general opinion of the professional, the mid-range product line still segments The best buy on the market.

Mr. Xuyen said Kien A Group is preparing to launch the project Citisoho. Although not officially announced, Kien A representative, the most attractive point of Citisoho is the project is surrounded by 4ha central park, the density of trees up to nearly 7sqm / person, 9 times compared with the inner city (about 0.7sqm / person).

In addition, with an average area of 55 – 60sqm, comfortable price from VND1.1 to 1.2 billion / apartment, still, own a lot of high-end facilities.

In the land segment, many mid-sized projects located near Ho Chi Minh City were also launched and have good buying power. At the end of June, Kim Oanh Real Estate JSC officially held the announcement of the project of Golden Center City.

Located on the front of Highway 13, the center of Ben Cat town, Binh Duong province, the project Golden Center City has a size of nearly 14 hectares, including 692 land products and built-in houses, of which the land with an area of 60 – 288sqm, prefabricated house with an area of 96 – 310sqm.

Mid-range apartments are still dominating the market
real estate market in 2016 will continue to grow at no lower than 2015 and will have a positive change.

The Golden Center City project costs only VND270 million / land or VND590 million / house built, applying flexible payment method.

Le Hoang Chau, Chairman of HCMC Real Estate Association, said that the real estate market in 2016 will continue to grow at no lower than 2015 and will have a positive change.

The general trend of the market is to invest more in the social housing segment, medium- and small-scale commercial housing, affordable housing, as well as an increase in investment in industrial real estate, Serviced apartments, serviced apartments to welcome the wave of integration through new free trade agreements, as well as the ASEAN Economic Community (AEC) officially came into effect.

Accordingly, according to Chau, the sustainability of the real estate market can only be achieved by addressing basically the housing needs of the majority of middle-income, low-income urban residents, immigrants. In particular, the mid-range apartment segment will be well-built and will have the largest demand and the key segment of the market.

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Mid-range Apartments Are Still Dominating The Market
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