The demand for buying apartments at the end of the year has prompted investors to actively sell inventory products.
The real estate market in Ho Chi Minh City has not been as vibrant as it is now for a long time, with many rounds of sales of unsold apartments and subsequent sales by investors.
Good price inventory
Mr. Truong Thanh Hung - a customer who just bought an unsold apartment on Xo Viet Nghe Tinh Street, Binh Thanh District, Ho Chi Minh City - said he was lucky to buy an apartment right in the project he is living in. According to Mr. Hung, this apartment has been kept by the investor for many years but is now being put up for sale at a price of less than 40 million VND/m2. He bought this 3-bedroom apartment to renovate and move in, and the current 2-bedroom apartment will be sold or rented out.
Many people are interested in affordable apartments. In the photo: Visitors to the apartments at the announcement ceremony of the Conic Boulevard project
Similarly, the Lavida+ project located at the corner of Nguyen Van Linh - Nguyen Huu Tho (District 7, Ho Chi Minh City) by investor Quoc Cuong Gia Lai has just opened for sale more than 200 unsold apartments, with transaction prices of 48-55 million VND/m2. According to the exclusive distributor Lyn Property, this price includes incentives. The project offers many types of apartments from 1 to 3 bedrooms, has been handed over and has a high occupancy rate.
Mr. Ta Trung Kien, Director of News Property Real Estate Company, said that currently around District 7, there are no apartments priced below 60 million VND/m2. Therefore, customers who buy Lavida+ apartments for living or renting will benefit. In particular, the bank supports loans up to 70%, so buyers do not need to spend a large amount of initial capital.
In addition to the Lavida+ project, investor Quoc Cuong Gia Lai also continues to open for sale other unsold projects, such as the project on Ta Quang Buu Street (District 8, Ho Chi Minh City).
Investor Nam Long is also actively selling the remaining products at the Akari project (Vo Van Kiet Street, Binh Tan District, Ho Chi Minh City) at prices of about 45-47 million VND/m2. Or at the Conic Boulevard project (Binh Chanh District, Ho Chi Minh City), the investor, together with Viet A Bank and EximRS Real Estate Company, has just announced the launch of nearly 1,000 completed apartments at prices of only 35-37 million VND/m2. Viet A Bank supports interest-free loans for the first 2 years.
Increased Confidence
Ms. Tran Thi Cam Tu, General Director of EximRS Real Estate Company, said that real value housing always attracts buyers, especially at the end of the year. Completed housing products, purchased and delivered immediately, along with support for bank loans, attract more customers.
According to experts from the Dat Xanh Services Institute of Economics , Finance and Real Estate (FERI), the Vietnamese real estate market is witnessing flexible adjustments from investors. Enterprises are making efforts to restructure, complete project legal procedures, implement new projects, and diversify mergers and acquisitions (M&A) activities. In particular, many projects are restarting and selling inventory.
In the third quarter of 2024, the country had 4 projects started, 22 projects launched and 18 sales events. FERI said that the market has had positive changes, reflected in the number of businesses and personnel in the industry increasing by 39.7% compared to the same period in 2023. In addition, there were 3,446 newly established businesses, up 1.4% compared to the same period last year. The market has gradually shifted from defense to attack. Investors are actively launching new projects, selling inventory, creating many opportunities for brokerage units.
Mr. Luu Quang Tien, Deputy Director of FERI, said that market confidence has increased, reflected in the level of interest and transactions. He predicted that the overall absorption rate of the whole market will increase slightly and reach an average of 35% - 40%. Low lending interest rates are also expected to help improve purchasing power. "The market is entering a vibrant period at the end of the year, improved supply brings more choices to customers. We predict that secondary selling prices may continue to increase by 10% - 15%" - Mr. Tien said.
Source: https://nld.com.vn/bat-dong-san-bung-cua-de-danh-196241202205305742.htm
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