12 real estate projects in Ho Chi Minh City have had their obstacles removed, causing liquidity to increase slightly.

Bright spot from increased transactions

According to records, some land notary offices in Ho Chi Minh City have shown signs of bustling activity again since the end of March and the beginning of April with increased procedures for transferring land use rights.

According to the explanation, in addition to the increasing number of policies to support and rescue the real estate market, recently, the Ho Chi Minh City People's Committee has also taken steps to "untie" many projects. Specifically, up to now, 12 real estate projects in Ho Chi Minh City have had their legal bottlenecks untied and support allowed to mobilize capital.

The Ho Chi Minh City People's Committee plans to remove obstacles for 50/156 real estate projects that are stuck in legal issues this year. With such orientation, the real estate market also has another positive signal because at this time, in addition to liquidity, supply is also a difficult problem. Especially the supply of projects in the mid-range segment, suitable for many people with real housing needs.

12 real estate projects in Ho Chi Minh City are squared to make the land slightly larger, image 1 — Unblocking the market will boost supply.

In addition to the "troubleshooting" of Ho Chi Minh City, factors that can help liquidity increase slightly come partly from the Government 's solutions to remove difficulties for the market in general. In particular, the Government is speeding up the completion of related laws in October 2023 such as the Law on Real Estate Business, the Law on Housing, the Law on Land, etc.

In addition, the momentum of the Ho Chi Minh City market also comes from the continuous opening of many investors for sale, starting from the second quarter of 2023. In addition to providing for the market supply, many investors also offer sales policies suitable for the current situation such as supporting interest-free loans, supporting interest rates of 2% - 5% or high discounts.

Investors have put down money

With many policies being applied and banks’ recent interest rate cuts, the market has also shown signs of reversal, although it is not clear yet. However, that has also helped many investors to be willing to put money into the market.

Specifically, some mid-range projects in Binh Tan District or projects in the South of Ho Chi Minh City have recorded quite clear purchasing power. There are projects that have recorded hundreds of apartments that have been paid 95% since the opening for sale to enjoy the discount policy.

According to experts, this is also the right time for real home buyers and investors to find ways to connect with each other through incentives and discounts. These policies are also difficult to find when the market is at its peak.

For customers with modest initial savings, these incentives make it quite “easy for them to breathe”. For investors, if they can buy real estate during this period at a good price, it will be a profitable investment when the market recovers.

12 real estate projects in Ho Chi Minh City are squared to make the land slightly larger, picture 2 — The market is still waiting for the day of recovery with strong purchasing power like the beginning of last year.

Many forecasts from professional units show that real estate investors can seize the opportunity to reverse the upward trend of the real estate market from 2024. This is also the time to shape a new look for the market.

Therefore, investors who “put money” in this period are considered to be anticipating opportunities for the future. Financially suffocated products that are currently discounted by 20-30% may return to this price level in the near future, this is the difference that investors will enjoy.

However, experts say that the current time is not the right time for those who like to “surf” but an opportunity for real home buyers. Simply because, only the current time has many factors that help buyers find suitable products, coming from sources that need to be sold urgently to reduce the burden of paying bank loan interest.

According to the assessment, the fact that credit capital and interest rates have not shown signs of a sharp decrease may cause consequences for the real estate market. The market's recovery will be slower than expected if this situation continues. The slow recovery also leads to the decline of real estate giants as seen in the past, starting with the wave of staff cuts to restructure businesses. Or there are businesses forced to leave the game when they cannot handle the market.

Source