Although the real estate market in HCMC in 2017 has had a strong development in the suburban land and townhouse segment, but in 2018 the situation has changed.
Suburban property fever
As in the first months of 2017, the main segment of the real estate market in HCM City is an apartment with about 42,000 units being put into the market, and by the middle of the year, the apartment market has become jumbled by the withdrawal wave. which was massively taking place, leading to large losses. Many large projects from 2015 to 2016 recorded a loss of 10-15%. And many other projects, investors have to accept the withdrawal of capital, the sale is equal to the contract price but in fact is suffering a loss of about 10% interest rate …
Meanwhile, investors in the land segment in the suburbs are “bolder” thanks to the rapid return of capital and prices have increased sharply. Coastal land transactions were exciting with a 95% market share (estimated 6,851 / 7,181 bases), four times higher than in 2016. Most of the new land projects, short time. According to the statistics of late 2017 and early 2018 of the market research company, two districts of Cu Chi and Can Gio have relatively high land prices, ranging from 140% to 167%. In Binh Chanh District, land prices have increased 87%. The remaining districts such as Nha Be, Thu Duc, Tan Binh, Go Vap, District 12 increased from 40 to 70% …
The area adjacent to the city as Nhon Trach (Dong Nai), Duc Hoa (Long An) … land market is also very exciting, there are thousands of projects sold only one morning …
Forecasts on real estate real estate HCMC perimeter 2018
Although 2017 is a big win for peri-urban investors. However, this is not the foundation to create market momentum in 2018. Until now, most forecasts, the real estate market in HCMC 2018 is relatively uniform, it The supply will continue plentiful, the price level is not much fluctuation, the market is unlikely to mutation.
It is forecast that apartment supply in 2018 is estimated to reach about 50,000 units. Class B and Class C apartments will continue to occupy large proportions and attract the interest of both investors and buyers. Accordingly, the segment of affordable apartments with 1-2 bedrooms, the price of less than VND1 billion per unit is still the mainstream and high liquidity of the market. In addition, the segment of social housing will also be developed stronger, high-end apartment segment will have a strong restructuring to match the purchasing power of the market
However, HCMC real estate in the high-end apartment and resort segment in 2018 is not appreciated for value added, liquidity of the market. According to real estate experts, in 2018 will be the year when the segment of high-end apartment market entered the period of adjusting the price of strong, new supply plentiful will put pressure on investors. The capital has been “hug” a large amount of goods within 3 years from 2015 – 2017.
The condominium segment, namely the Condotel segment, is projected to remain extremely difficult in 2018. Experts advise investors, if you want to secure capital, not buried capital, it is best to stay away from the Condotel segment.
As for the land segment, especially the coastal real estate market of HCMC 2018, many experts predict that will continue to increase and attract many investors, but not too boiling as in 2017.
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