There will be a lot of high-end and high-end apartment projects in the first and second quarter of 2018. In districts such as District 7, Ninh Binh, Binh Chanh District.
Products under VND2 billion have good sales
According to statistics available, Nguyen Van Linh, Huynh Tan Phat, Nguyen Thi Thap, Dao Tri, Nguyen Van Quy (District 7); Pham Hung, National Highway 50 (Binh Chanh District). From March 3/1977, a series of apartment projects will appear, with the price per unit from VND 1.3-3 billion.
For example, the D-Vela project of Dream House Investment Company (DRH). The project has run out of space without waiting until the Lunar New Year. The project is located in front of Huynh Tan Phat Street and is expected to officially open to the market later this month.
According to information from the owner, the basis of which from 1 to 2 bedrooms have a price of VND 1.4-1.8 billion / unit. Promised to attract a large number of customers and investors from District 1, District 4, District 5, District 7.
It is considered to be the most advantageous area for transportation infrastructure in the future. Especially in the past year 2017, the southern city received more infrastructure projects to join the southern house.
Recently, HCM City announced that it would build six more bridges to ensure traffic connections from Saigon South to the neighboring areas.
Specifically, Nguyen Khoai has an investment capital of VND 1,250 billion from District 7 through District 4; Thu Thiem 4 bridge connecting District 2 with District 7, will be completed in quarter 4/2019; Thu Thiem 3 is expected to be started at that time; Rach Dia Bridge on Le Van Luong street (linking Ha Be with District 7), Phuoc Khanh Bridge connecting Saigon South with Nhon Trach – Dong Nai deployed this year.
In addition, the city is planning to build more Kenh Te Bridge 2, … In addition, the major roads, major traffic junction will also be expanded to contribute to increase the heat of South property. .
A number of new infrastructure projects have been launched, stepping up with the existing planning of Phu My Hung urban area (District 7). Saigon South promises to be a potential development area for real estate projects.
Le Chi Hung Viet, DRH’s Deputy General Director, said: “The future of the real estate market in Saigon South is very potential. The investment in developing large-scale infrastructure is strongly concentrated in this direction. Specifically, marine economic development towards Can Gio and connect with Long An province through this area. Will make Saigon South real estate market “hot” than in the near future.
According to Hung, real estate supply in the South is not much. Because there are many projects that are still in the level of rumors. Therefore, the amount of transactions in the coming time will be concentrated in the projects with full legal and good implementation progress.
A number of prominent projects are underway
With the advantages of infrastructure and facilities available, the South Saigon area will be a magnet to attract real estate investors. A series of large-scale projects with huge capital are flowing into this area. These projects open up many opportunities for people such as Mui Den Do Park and Saigon Peninsula, located in Phu Thuan Ward, District 7.
Also in Saigon South, in the past year, Dat Xanh Group launched the Luxgarden project with a view of the beautiful Saigon River. The project has a total investment capital of VND1,000 billion, including 27 towers with 500 luxury apartments. In particular, there are 76 sky garden apartments occupy 15.2% of the total. Bring a unique design, this is one of the projects with the highest rate of flats on the market in Ho Chi Minh City.
Mr. Nguyen Duy Khanh – Head of Business Division of Dat Xanh Group. There are many investors and buyers who have registered with the desire to own the apartments at the initial price of the project.
In the first quarter of 2017, the investor of River City broke the block with the price of VND 1.5 billion. It is known that most of the apartments are small and medium area from 55 – 60sqm / unit with 2 bedrooms, suitable for most objects. In which, buyers only need about VND 450 million can own an apartment in this project.
In Binh Chanh District, the D’Gold Vinh Loc project of D’Gold Real Estate Joint Stock Company has attracted a lot of attention from buyers. When the price offered by the investor is only VND 500 million / unit with area from 35sqm to 60sqm. In South HCMC, supply for the market plentiful in all segments created both potential and challenge for investors.
In the long time, many investors have focused on the high-end segment too. The rate of customers investing in this segment also increased. Meanwhile, projects that meet the demand for real estate is still limited. That is why many businesses have shifted to medium-scale projects with the price of around VND 2 billion to meet the expectation of a large number of buyers.
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