A growing number of customers are increasingly paying attention to the city’s built-up townhouses and villas. “Said Nguyen Khanh Duy, Director of Savills Vietnam.
According to Mr. Nguyen Khanh Duy, the existing inner city houses, especially the front and wide alley (car alley) continue to be the product that many customers are interested by convenient for business and demand. move. District 1, District 3 with convenient location, prime location is a stable purchase of this product.
However, in recent times, the trend of “centrifugation” is particularly developed. Accordingly, many customers started to pay attention to the products of townhouses and villas built in the coastal areas (10-15 km from the center of Ho Chi Minh City) such as District 9, District 2, District 7, Nha Be. Due to the increasingly scarce nature of this segment, it is expected to continue to attract capital inflows.
According to Mr. Duy, if you own VND 3-5 billion, customers can buy a product close to the rough rough exterior in the area. With a higher budget, from VND 7-8 billion or more can own a house or separate villas as well. At the same time, the same budget can only own a 2 to 3 bedroom apartment in a district close to the central area – which is densely populated.
According to the market report of quarter I / 2017 of Savills, in the past seven new villas / townhouses supply about 590 units; In addition, primary stock is about 2,600 units, up 25% year on year.
Trading volume rose 94% year-on-year with the Eastern District accounting for 74% of total transactions, especially District 9 accounted for 49% of total sales in this quarter. District 2 and Nha Be have the best deal, especially adjacent houses with an area of 90 – 120sqmm2 continue to be absorbed well.
The majority of transactions come from new open-ended projects with effective marketing strategies and on-going status quo. From QII / 2017 to 2019, the market will receive about 14,200 units / base from 44 new projects.
The Thu Thiem area, with a series of remarkable villa projects, is also considered a “bright star” in the future by the development of infrastructure. The eastern counties are expected to account for 55% of total future supply.
Apartment market maintains “style”
According to Mr. Duy, 2017 is expected to be the year of the apartment market when there are 18 new projects and 4 existing projects open for the next phase, providing more than 8,300 units. For the first quarter of 2017, about 5,200 new apartments were sold, bringing the total primary stock in all segments to about 42,500 units.
Total transaction volume in the quarter was about 8,800 units, of which Class C transactions increased by 10% on a quarterly basis while Grade B dropped by -35%. Market absorption was approximately 21%, down 1 percentage point quarter-on-quarter due to lower absorption rates from the A and B segments.
According to Nguyen Khanh Duy, the high-end segment still has high absorption rates despite the relatively high prices
Mr. Duy said that the projects built along the metro line attracted many young customers with high income.
High-end condominium projects are also attracting customers due to their low population density (from 500 to less than 1000 units / project) invested by reputable units. received positive feedback on the market.
Good quality projects and positive absorption rates include Empire City, City Garden, Thao Dien Gateway, The Nassim, Estella Heights, Diamond Island, Feliz En Vista …
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