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What is the real estate supply in HCM City in 2018?

real estate market in Ho Chi Minh City

In the year 2018, many real estate professionals are ready for plans to expand with huge supply, next year higher than last year.

The supply of real estate in 2018 is forecast to increase

According to the preliminary survey, real estate market in Ho Chi Minh City and the South is likely to enter a “war” broke record in 2018. More than 80% of real estate businesses are ready for the plan. This year’s sales are 10-15% higher than in 2017 to double.

With the holding of more than 10 million square meters of construction land, over 40 projects, in 2018, Novaland Group Investment Corporation (NOVA) is expected to have a campaign of expansion monumental. Expected, the number of 12,000 units in four projects in the East of Ho Chi Minh City will be announced in the market. In the same year, the company will hand over 11 projects with 6,500 products in 2, 7, 9, Phu Nhuan, Tan Binh, Tan Phu and Nha Be districts.

Meanwhile, as a distributor and distribution system throughout the country as a development investment project, Dat Xanh Real Estate Services and Construction JSC set a target to sell over 28,000 products in 2018. In which the products invested by the company about 12,000 and 8,800 secondary products.

This year, the company focuses on developing large scale projects (with output of thousands of units per project). The scope of operations of the company also expanded the areas: HCMC, Da Nang and North to Hanoi as direct investment. Central Green Land is expected to supply 3,000-5,000 products to the market.

DKRA, one of the real estate brokers with impressive liquidity growth in 2017 with the consumption of more than 2,800 products, increased the purchasing power of 1,000 products compared with 2016. In the year of Mau Tuat, the distributor of real estate This product is relatively quiet in terms of target sales, but certainly higher than 2017, which is no less than 3,000 products in 2018.

At the beginning of the quarter I / 2018 and the close of the Lunar New Year, Van Phuc Real Estate Investment JSC, launched a series of products of townhouses area of ​​100-140 m2 located in Van Phuc urban area, Thu Duc district. , HCMC. This is a mixed-use urban area with many commercial buildings, townhouses, villas in the East Saigon (up to 198ha, 3.4 km of Saigon River) invested $ 2 billion.

real estate market in Ho Chi Minh City
The Ho Chi Minh City real estate market and some southern areas are expected to receive a very large supply of 60,000-70,000 products.

If only in 2017, the business has sold 1,000 products of townhouses. According to business leaders, the target for sales in 2018 will depend on supply and demand movements in the market, but is expected to be higher than last year’s basket of goods.

Even though the new projects of the real estate industry such as Phu My Hung, Hung Thinh, Nam Long Group, T & T Group, Khang Dien, Thu Duc House, Keppel Land … and basket Particularly in Thu Thiem, the total supply is expected to “bomb” on the market has exceeded 50,000 products.

General Director of Nam Phat Nam Investment Consultancy Company, Nguyen Giac Nam Nam, estimated that the average volume of new goods in 2018 could reach no less than 60,000 products, based on the preliminary plan of Southern and HCMC businesses.

According to Mr. Nam, the 2018 abundance of goods is due to the peak period of 2017, there are a lot of big changes in plans, hold back or not announced despite the move to offer internal or standard. Legal endorsement. The amount of cargo delayed late last year will be accumulated in 2018 so theoretically, supply will grow strongly.

However, the expert further explained, the basket of goods increased in 2018 has positive characteristics are already multi-product positioning. Commodities are divided into many segments across regions and regions. Even the giants before the development of products in the area of ​​Ho Chi Minh City has also expanded to many neighboring provinces, neighboring provinces and appeared new products.

“Increasing local supply pressures will inevitably affect the purchasing power of the market but it is too early to predict the specific response. Because there are many variables affecting real estate liquidity such as policy, legal, investment channel shift, change of taste … “Nam said.

real estate market in Ho Chi Minh Ciy
Real estate supply in 2018 will definitely increase higher than 2017

In quarter IV / 2017 real estate market report, CBRE Vietnam also said that real estate supply in 2018 is expected to increase more than 2017 due to the high volume of goods from the old year. Launched to be accumulated to the new year. Statistics of Savills Vietnam, if including the supply of new and improved in the period 2017-2018 in Ho Chi Minh City may reach 70,000 apartments.

The East will lead the real estate market in HCM City in 2018

In spite of the strategic orientation of urban development, HCM City will develop in all directions of East, West, South and North, but with the advantage of being the connecting lane of the entire South East region, the policy Infrastructure development in HCM City seems to be concentrated in the East.

At present, most of the traffic works of Ho Chi Minh City are passing through the East such as Sai Gon river tunnel, Vo Van Kiet, Thu Thiem bridge, Sai Gon 2 bridge linking the city center with district 2 and District 9, or Pham Van Dong Street connects Tan Son Nhat Airport with Thu Duc District.

real estate market in Ho Chi Minh City
In 2018, the East will lead the real estate market in HCM City

Not only that, the Ho Chi Minh City – Long Thanh – Dau Giay expressway also connects Dong Nai with Dong Nai directly, and Ben Thanh – Suoi Tien metro project (No. 1) is being invested. will officially put into operation in 2020, also stretching from Dong Nai, Binh Duong, through the East to the center of Ho Chi Minh City.

Recently, Ho Chi Minh City has the policy to continue to promote investment in infrastructure traffic in the East. Specifically, according to the Department of Transport – HCMC, in 2017 – 2018, three important traffic projects in Ring Road 2 will be implemented with a total investment capital of over VND13,115 billion. In particular, two traffic projects of the East urgent need to apply specific mechanisms to complete soon is the section from Phu Huu bridge to the Hanoi Highway and from the Binh Thai intersection to Pham Van Dong.

Recently, the real estate value of the East was re-energized with the launch information back to the Rach Chiec Sports Complex Project. This is a series of Olympic sports, size 180 ha, total estimated capital 34,000 billion, was built to serve the SEA Games 31 (2021).

real estate market in Ho Chi Minh City
Currently the real estate giant has a large project in the East of Ho Chi Minh City

The breakthrough in infrastructure has made the face of urban East of HCMC completely changed appearance. At present, most real estate agents have large projects in the East such as Dai Quang Minh with Sa La urban area, Vingroup with Vincity project, Novaland with a series of projects in District 2, District 9 , Him Lam Land with Him Lam Phu Dong Project, Him Lam Phu An and a project of more than 120 hectares in District 2 is expected to be launched in 2018. Besides, Thu Duc House, Khang Dien, Dat Xanh, Phuc Khang, Hung Thinh, Nam Long …, also have large projects in this area scheduled to be announced in 2018.

According to Le Hoang Chau, Chairman of HCMC Real Estate Association, what is happening, in 2018 and the next years, the East will be the area leading the real estate market in Ho Chi Minh City. HCM. By not only infrastructure, the East is also attracting strong FDI flows of HCM City with large corporations from Japan, Korea, France, USA … have poured capital here.

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What is the real estate supply in HCM City in 2018?
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