The real estate market is still in the second phase of the development cycle, not the height of the downturn.
This is the general view of many economists at the seminar on the attraction of real estate stocks – Views from the supply and demand of the market just took place in Ho Chi Minh City.
Recognized in the real estate business, in the last 3 months except for luxury apartments in the location of good projects and have sold many dares to raise prices. The remaining segments have reported a decrease of 0.3% qoq in the primary market. “This is a signal that competition in the real estate market is increasing,” said Le Hoang Lan Nhu Ngoc, CBRE’s senior manager.
According to CBRE, now investors are offering more preferential payment methods, the level of support better to stimulate consumption. Not only the buyers, but the owners are beginning to take small steps of the market to change, adjust the policy of its expansion. For example, when Vinhomes Golden River was offered, most investors of luxury projects were listening, pausing to launch new products.
Le Dinh Hieu, Chairman of Thuduc House, said that the property market in recent years has been much better, reflecting the increasing transparency and competition in both domestic and foreign markets. foreign enterprises.
“There are many investors who buy or venture, link to foreigners, or own investors together to create synergy. Customers are increasingly demanding in the selection of products to invest. Therefore, the real estate companies need to build a new reputation can stand on the market, “Hieu said.
Assessing whether the real estate bubble will recur in the near future, Mr. Hieu said that investors should not be so worried about this issue. Because the real estate bubble happened before, market participants have suffered and drawn experience.
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In addition, the State Bank of Vietnam has made soft moves in macro management, avoiding rapid policy changes to help the market avoid the “shock”. In addition, macroeconomic indicators such as inflation are not too high.
And the decisive factor for the real estate bubble is not only from the supply side but also from the state’s credit policy. Meanwhile, the credit growth rate is currently at 8.16% and the SBV is assessing this rate in line with the target of 18-20% for the whole year.
“Therefore, the real estate market is still in the second phase of the development cycle, not the height of the downturn. However, it must be affirmed that the heat of the real estate industry always exists, it creates pressure for investors to have appropriate policies to develop in accordance with the characteristics of the market, “Hieu emphasized.
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