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The purchase of midle-end and high-end apartments in Ho Chi Minh City increased sharply

Gem Riverside project

Apartment transactions in the middle and high class in Ho Chi Minh City are flourishing, purchasing power began to increase again.

Consumption of Q1 / 2018 increased sharply

According to the latest statistics of Savills Vietnam, in the first quarter of 2018, HCMC real estate market has more than 10,500 apartments coming from 13 new projects and 9 existing ones being offered for sale. market. Total primary stock falls to about 28,600 units. Consumption in the last quarter reached 13,500 units, up 51% over the same period in 2017. Of which, the number of new apartments opened in the first quarter was 9,503 units and 9,260 units were sold, up 4% for the previous quarter and 26% over the previous year.

Recognition of real estate market in Ho Chi Minh City showed that apartment trading activities are showing many positive signs, especially in mid-end apartment and apartment projects. For example, in the announcement on March 25, the High Intela project of the LDG Group investor has recorded about 200 apartments booked by customers. Most recently on April 7, another project of the group was the West Intela River Smart Apartments in District 8, with more than 150 apartments booked by customers at the launch.

Urban land of HCMC will be planned to expand
According to Savills Vietnam, in the first quarter of 2018, the real estate market in HCM City has more than 10,500 apartments are offered for sale.

In the South of HCM City, Phu My Hung Real Estate Company has successfully sold 100% of apartments in The Signature project on March 31st. This is also the last sale of the Phu My Hung Midtown project in 2018. Another project is Carillon 7 of TTC Land has launched 100 apartments to explore the market. Following the success of the Carillon 1, Carillon 2, Carillon 3, Carillon 5 mid-range projects, the Carillon 7 has had a rather positive trading signal thanks to its relatively high pre-orders. With the competitive price in the region, only from VND25 million / sqm, this project is assessed leading the West in terms of market liquidity. Previously, the project of Carillon brand of this investor also recorded a growth rate of 30%.

In the West of HCMC, a series of new projects are being offered such as: Felisa Riverside, Saigon Skyview, Aurora Residences, Tara Residence and Dream Home Riverside. Expected sale open to be booked. The Charmington Iris project holds more than 50% customer retention. It is known that more than 300 customers contact us to reserve a place and want to own an apartment here.

Similarly, during the first sale of two Dynasty Tower (Block A) and Monarchy Tower (Block C) of the Kingdom 101 project (District 10), the owner said successful sales of 100% of the product. . This is the only project of this investor in District 10 because other projects such as Centrosa, Rivera Park or Xi Grand Court have basically sold out. Although not open the second phase but the number of products booked in this project is very high.

Some luxury apartment projects such as Gem Riverside in District 2 or Kenton Node Hotel Complex in District 7 … also recorded a positive trading.

Positive momentum, a series of projects will open in the second quarter of 2018

Thanks to the improved purchasing power, many investors in HCM City continue to offer their products in the second quarter of this year. Hung Thinh Corp said it would market more than 3,000 apartments in District 7 on April 21. Novaland Group also intends to open a high-grade apartment project in District 2 with approximately 1,000 units. Phu Dong Group has completed the model house to May 2018 to market more than 600 apartments in the East. Him Lam Land is planning to launch a new project in District 7.

Similarly, in the second quarter of this year, Singapore’s Keppel Land owner said it would open Palm Garden’s second phase of the Palm City project with a scale of about 1,000 units and the group will launch Saigon Sports City of 2,000 units are in District 2. Meanwhile, CapitaLand Group is expected to deploy the project of Quan Quan Restaurant with 1,000 units in Binh Thanh District. Keppel Land Joint Venture – Tien Phuoc is also preparing to offer next block of Empire City project in the coming quarter …

With plans to open more projects in the second quarter of developers, the projected supply of apartments in 2018 will continue to increase. By the end of the year, the market expects an additional 32,000-35,000 units. Intermediate segment will continue to lead the market. Offer prices are also expected to rise slightly in the coming quarters.

Information of some projects expected to open sale in 2/2018

Gem Riverside apartment project – Scale: 3,100 units

Gem Riverside is the first luxury project of Dat Xanh in District 2. Located on an area of ​​6.7 hectares in South Rach Chiec area, close to Giong Ong To River, Gem Riverside project includes 12 towers with 3,175 apartments of which there are 34 duplex villas and 96 penthouses. With a construction density of 31%, the project is surrounded by two rivers and green space, with about 60 external facilities and 45 internal facilities.

Gem Riverside is inspired by the beauty of Halong Bay, 12 towers and interchangeable building facilities, maximizing the air, sun and wind, creating a close relationship with nature resort style. .

Perspective-of-Gem-Riverside-project-District-2
Perspective of Gem Riverside apartment project

General information:

Investor: Dat Xanh Group.

Location: Long Thanh High Street, An Phu, District 2

Area: 67.000sqm

Number of apartments: 3,000 with 12 blocks.

Expected price: VND38 million / sqm.

Palm Garden Condominium (Palm City) – Scale: 880 units

Following the success of Phase 1 with Palm Heights apartment division, in 2018, Keppel Land owner continues to deploy Phase 2 of the Palm City Urban Area project with Palm Garden brand.

On March 28, Palm Garden owner officially accepted the first phase of this area. It is expected in May will open officially 2 tower 3 and tower 4 with more than 440 apartments.

General information:

Project Name: Palm Garden – Palm City

Investor: Nam Rach Chiec Company (Keppel Land – Tien Phuoc – Tran Thai)

Location: Long Thanh An Phu Highlands, District 2.

Area: 1.89 ha.

Number of apartments: More than 880 apartments with 4 blocks.

Estimated selling price: VND33 – 45 million / sqm.

Perspective of Palm Garden project design - Palm City
Panoramic view of Palm Garden apartments

One Verandah Apartment Project – Scale: 779 units

One Verandah is owned by Mapletree Group (Singapore), built right next to District 2 People’s Committee. The project consists of 5 blocks of apartments with the height of 29 floors. The design of One Verandah is open, modern, blends with nature, rivers and has a direct view of the Saigon river, promising to be a place full convergence factors for a convenient living.

General information:

Official name: One Verandah

Investor: Mapletree Singapore

Location: Area 1 – Thanh My Loi Residential Area, Thanh My Loi Ward, District 2

Area: 17.000sqm

Number of apartments: 779 apartments with 5 blocks.

Estimated price: VND 44 – 55 million / sqm.

One Verandah project
Perspective of One Verandah apartment project

Binh An Pearl apartment project – Scale: 500 units

Binh An Pearl Apartment is located at 02 Tran Nao, Binh An Ward, District 2. Binh An Pearl was launched by SSG Group following the success of Thao Dien Pearl Project. in District 2. It is known that this is the fourth project in the East of Ho Chi Minh City invested and built by SSG Group.

General information:

Official Project Name: Binh An Pearl

Investor: SSG Group

Location: Tran An Ward, Binh An Ward, District 2

Area: 8.200sqm

Number of apartments: 500 apartments with 2 blocks.

Expected price: VND40 million / sqm.

Binh An Pearl apartment project
Perspective of Binh An Pearl apartment project

Victoria Village Apartments – Size: 1,000 units

Victoria Village is located in front of Dong Van Cong street, adjacent to Mai Chi Tho street (Thanh My Loi street, District 2, Ho Chi Minh city). The project fully inherits the value of East HCMC with the advantage of connecting a number of neighboring utility groups.

General information:

Official Project Name: Victoria Village

Investor: Novaland

Location: Dong Van Cong, Thanh My Loi Ward, District 2

Area: 42,700sqm

Number of apartments: 1000 apartments with 4 blocks.

Estimated price: VND44 million / sqm.

victoria village
Perspective of Victoria Village apartment

Project Saigon Sports City – Scale: 3,000 units

With approximately 3,000 apartments, the Saigon Sports City project is designed to be a sports center, providing world-class sports facilities such as the Olympic standard swimming pool, tennis training center, football stadiums, halls and sports training centers. In addition, the project will also feature other features such as commercial and retail buildings and educational and medical facilities in the metropolitan area.

General information:

Official name: Saigon Sports City

Investor: Keppel Land

Location: Mai Chi Tho, An Phu, District 2

Area: 640.000sqm

Number of apartments: 3,000 with 10 blocks

Expected price: VND45 million.

Rach Chiec Sports Complex, "kick" for property in the East and Saigon Sports City
Perspective of Saigon Sports City apartment project

Thu Thiem Eco-City Project – Scale: 12,500 units

The project of Eco Smart City Thu Thiem was jointly developed by Lotte and two Japanese partners. The project is located in functional area 2A, in Thu Thiem new urban area, District 2, Ho Chi Minh City.

General information:

Project name: Eco Smart City Thu Thiem

Investor: Korean Lotte joint venture with Mitsubishi and Toshiba Corporation from Japan

Location: Mai Chi Tho, District 2

Area: 16.7ha

Number of apartments: 12,500.

Eco Smart Thu Thiem
Perspective of Eco Smart City project, Thu Thiem

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The purchase of midle-end and high-end apartments in Ho Chi Minh City increased sharply
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