In the past month, the stock market has witnessed the return of real estate stocks, with a total trading volume of 1.1 billion shares.
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The trading volume was higher than other sectors such as basic resources (730 million shares), construction materials (637 million shares), food and beverages (385 million shares).
The above information was presented by Mr. Dang Tran Hai Dang, Deputy Director of VietinBankSc Research Center at the Seminar “Real Estate Stocks – Viewing Angles from Supply and Demand” by Ho Chi Minh Stock Exchange The stock exchange of VietinBankSc, CBRE Vietnam and Thu Duc Housing Development Joint Stock Company (TDH) jointly held on July 25 in Ho Chi Minh City.
Explaining the attraction of real estate stocks, Le Hoang Lan Nhu Ngoc, Senior Manager of CBRE Research and Consulting, said that real estate stocks are considered to be due to the market’s start-up. in recent times.
Accordingly, up to 30% of investors buy mid-end apartments for lease in the first half of 2016 with the average income of 6-7%, equivalent to high-end segment. Meanwhile, apartments in the low-end segment are usually rented with a profit margin of 4-5%.
According to Ngoc, in the second quarter of 2016, the middle-class apartments occupy the market, of which the supply from 6,000 apartments increased to 8,000 (accounting for 33%). For high-end and luxury projects in Ho Chi Minh City, the supply growth rate is only 18-20%, lower than the mid-end segment.
According to CBRE, the offering price of apartments in the real estate market of Vietnam is relatively low compared to other countries in the region. While in Hanoi and HCMC, the average asking price in the primary market was only about $ 2,500 / sqm, in Singapore, at $ 4,000 / sqm, Singapore $ 12,000 / sqm.
In addition to the growth of domestic investors such as Novaland, Thu Duc House, Dat Xanh Group, the trend of domestic and foreign investors joining the project to develop.
Typically, Phat Dat signed cooperation with An Gia, Creed Group in River City project, G-Home Project in cooperation with Fraser Centerpoint and An Duong Thao Dien, Fuji Residence Nam Long with Japanese investors. , City Gate Towers in collaboration with the Seven Years and Creed Group or Peace in cooperation with Sanyo Homes Corporation to implement Ascent Lakeside project …
This fact has made the real estate market in Vietnam develop well in the past time, bringing the amount of inventory decreased significantly by 26% in six months. This is also the reason for investors to trust in real estate stocks with the expectation of increasing prices when the real estate market develops sustainably.
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