According to the latest report of the Association of Real Estate (Real Estate) of Vietnam, the market has a stable trading volume, better liquidity, reduced inventory, many new projects start to appear, especially the market. Apartment and land plots in East HCMC continuously increase the “heat”.
Favorable time to buy an apartment
In the seminar “Solutions to promote real estate growth at the end of 2017”, financial – bank specialist Dinh The Hien said that the apartment market in Ho Chi Minh City has a supply equivalent to the same period in 2016 and still higher than demand. However, in the first 6 months of 2017, the consumption was higher than expected, indicating that the apartment segment was still of interest to investors.
Real estate market in the past time has gone against the predictions of high-end apartment consumption better than the average apartment. “The real estate market in the last months of 2017 is still a channel for attracting individual investors, but will diversify into a choice based on real needs and financial capacity of investors”, said Mr. Hien.
In the same view, some experts believe that real estate segment will continue to increase in the coming time. Not to mention the speculation, if purchased for the purpose of staying, this time is considered better than the year 2015 and 2016. The reason is that the market has diversified and qualified supplies, not to mention customers have been well taken care of with many incentives by investors. In addition, customers will avoid the risk of buying a home because the market is very transparent and easy to choose products that are suitable for money.
In other words, the investors are trying hard to “refresh” themselves to attract buyers. After a period of self-screening, reputable businesses are continuing to bring the product to market as scheduled. Recently, Rio Land Real Estate Investment JSC is preparing to launch the Thu Thiem Dragon project at the end of the third quarter of 2017.
Building land segment heats up
According to the forecast of real estate investors, in the last months of the year, prices of affordable, good location, convenient transportation connection projects are difficult to reduce. The land segment will continue to be vibrant but only with clear legal procedures. After a listen out time, people are excited to return to the building land segment, especially in District 2 and District 9.
After the adjustment of the State, many land prices have cooled down, but these areas are still stable. Sustainable growth in the East has been demonstrated over time: from the real development of infrastructure and the dramatic increase in population density.
As one of the most active real estate firms in the East market, Rio Land said land plots in districts 2 and district 9 still recorded stable trading volumes from late 2016 to the present. Typically, Dien Phuc Thanh residential area has done more than 230 successful transactions in the first two months of this year.
Rio Centro residential area with 2 hectares spread over 3 fronts of Phu Huu Ward, District 9, being implemented by Rio Land in early 2017, also reached 126 successful transactions in one month. Or as the Rio Casa residential area of 1.8 hectares with more than 100 land plots, open for sale from January 1-2015, less than 2 years have been covered by people housing projects.
You are reading the article “The Market Heats Up At The And 2017” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/.
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