In the first half of 2017, condominiums and adjacent villas continued to thrive as they continued to receive the attention of investors with a series of projects being implemented.
So how the segment of convalescence and adjoining villas develop like? Please follow the article below.
Resort segment breaks in the first half of 2017
According to the Vietnam Property Association, currently, on social networks, the Real Estate segment is the most discussed segment of the industry, accounting for 35% of the total.
Real Estate Resorts including resorts, condominiums, Condotel… are shared more about service experiences or promotions in the first 6 months as this is the time There are many vacations, especially summer vacations, with the demand for tourism, convalescence and the number of tourists increasing.
With many real estate projects of foreign investors, this is not a small number. In the first half of this year, the number of international tourists also increased impressively with over 6.2 million, contributing to the promotion of the resort real estate market continued on the impressive momentum.
Explain the rise of the resort segment in Vietnam
The reason is due to the demand for serviced rooms, tourist demand for tourists increased. At the same time, the wave of prestigious investors and the people have good economic conditions although not having to invest a huge amount of money but still can own a fully furnished apartment in beautiful beaches or resorts.
According to the Vietnam Real Estate Association, in the first six months of the year, real estate development continues to thrive. In terms of trading, only in the second quarter, Nha Trang market has attracted investment and customers are very strong, has achieved double the number of transactions of resort property doubled compared with the first quarter 2017 (with 1,589 products).
In Da Nang, the explosion of a series of large-scale resort real estate projects with aggressive advertising campaigns and good sales policies, 1,339 resort real estate was traded in the second quarter, rising over the previous time.
With these factors, it has proved that the real estate market has created a great attraction for both domestic and foreign investors. The spectacular real estate development has also created a new wind to contribute to the development of the real estate market in general.
The inventory paradox is high but still absorbed by the adjoining villa
In the structure of inventory, adjacent villas occupy a large number of capital stranded up to trillions. Especially, despite the lack of supply, the price of adjacent villas increased by 5.4% quarterly; Absorption rates remained positive with a 33% increase of 13% on a quarterly basis.
Compared to the first quarter of 2017, 126% (1,400 units were traded) from the Garden Ville Tay Ho Residence projects; Euro window River Park; Louis City. The adjoining villa prices are generally quite stable in the second half of 2016, but high-end villas priced above $21,739 / sqm will be oversupplied in the second half of 2017.
In the third quarter, Savills forecasts the market will receive 11 more projects with 1667 apartments. Along with the existing supply and the large stockpile, this has created challenges for the villa market, adjoining.
Currently, projects with price thresholds lower than $4,348 / sqm have been lower, while high-end villas have many prime locations. Many investors are calculating the second half of this year and 2017 will start rolling out more low-end luxury products. However, the value of low-rise properties, especially the high-grade ones, is very high so when the market in large quantities will be at risk of oversupply.
According to real estate experts, the price in the market depends entirely on the supply-demand relationship. If the demand increases but the supply does not meet the price will certainly have fluctuations. Although supplies are currently in surplus, they are being sold instead of on the market. So, to pull down the price of the adjacent villa, balance supply and demand, to eliminate speculation.
You are reading the article “Report Real Estate Market In Vietnam First In 2017 Expands With Relaxation Segment And Adjacent Villa” in the section “Real Estate News” on the website: www.realestatevietnam.com.vn
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