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The segment of high-end apartments made the real estate in HCM City “wake up”

Real estate market in West HCMC

Real estate market HCMC 2018 is gradually moving into the last months of the year with the reality of maintaining stability on the segment. Outstanding among them is the class A product that has many opportunities to develop …

Class A has a lot of potential

According to reports from the Association of Real Estate Brokers in Vietnam. In the first quarter of 2018, there were a total of 8,946 apartments successfully traded, of which luxury apartments accounted for over 30% of total liquidity. This is an impressive number for many years.

However, analysts were more surprised to see the market’s upswing in April and May. Specifically, as of April and May, the number of apartments launched has reached nearly 14,000, in At the same time, the middle and high-end products are priced at over VND25 million per square meter, many of them with good liquidity, high bookings even though they have only been offered in short time.

In the first quarter of 2018, a total of 8,946 apartments were traded successfully.
In the first quarter of 2018, a total of 8,946 apartments were traded successfully.

According to CBRE’s statistics on Grade A apartments, from the first quarter of 2018, the average price was VND33-77 million / sqm, the absorption rate is 86%. Although there is not enough data, the market is recording impressive supply and demand. It can be said, after the fire explosion apartment, this is considered a positive result for real estate at this time.

Adding a good signal to the market, 4/2018, Vietnam has attracted more than $ 8 billion in FDI. Of these, 10% were in real estate, and the rest in HCMC. HCM still has the highest market share. According to the survey, the number of registered capital is showing signs of decline, but disbursed capital is showing signs of increase compared to the previous year.

In the near future, the gap between these two lines will gradually narrow, creating a stable source of foreign currency. This will be the premise for the real estate development, the opportunity for the A-line product to move in the coming time.

Not only the strong financial strength, the internal market of real estate HCM also owns many development prospects. According to a report from Prosperity in 2017, the number of super-rich people in Vietnam has reached 200 people and it is estimated that in the next few years, this number will increase to 3 times, the fastest increase in the world. This forecast high-end apartment market in the coming time will witness the return of many “big” on this race.

The West continues to be the focus

In addition to the increasing demand, psychological and customer choice criteria are becoming more and more radical. Rather than choosing projects in expensive urban districts, residents tend to be centrifuged, accepting to move further to be able to have a spacious living space, ecosystems with complete internal facilities. , ensuring the safety and quality of life indicators.

Real estate market in West HCMC
The West HCM is still one of the priority options for many investors.

That has created a shift in the real estate market. HCM. Many investors are looking to the suburbs to build and develop their projects, including Grade A projects. And the West of the city is still one of the priority options for them.

Looking to the west, the President of the Association of Real Estate HCM City – Le Hoang Chau said that there are two reasons that investors in real estate TP. HCM moved to this area. The first is to catch the opportunity when the transport infrastructure system is improved, the system is gradually improved.

Secondly, while the central land fund is becoming scarcer, the West is home to many potential real estate development, high land, fresh air with many natural green areas, location ownership convenient and easy connection to the center of Saigon …

Lightning, in the first months of 2018, cash flow gradually poured into the West with a series of investors real estate TP. Ho Chi Minh City is speeding up the development of projects: Gotec Land, Novaland … or Gamuda Land – a real estate brand from Malaysia with the largest ecological project in the area called Celadon City. It can be said, the real estate market in the coming time will be exciting with the return of Class A. In particular, the West has many resources for long-term sustainable development.

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