Turning point of the real estate market in the fourth quarter of 2024 will set a new price milestone

The "golden" time to own real estate with real value

Experts predict that the turning point of the real estate market in 2024 may appear from the third quarter of 2024. The market will then enter a new cycle and go through 4 stages: exploration, consolidation, growth and stability.

Accordingly, the exploration phase is expected to take place in the second half of 2024. This will be followed by a consolidation phase, expected to fall in the fourth quarter of 2024 - the first quarter of 2025 when the Land Law takes effect, under the condition that monetary tools and policies are widely promoted, helping to remove difficulties in money sources. In addition, the Law on Real Estate Business and the Law on Housing, which will take effect from the beginning of 2025, will contribute to clearing up money sources and removing legal obstacles to orient and create momentum for a sustainable market development. With the new law supplementing and promulgating regulations for foreigners and overseas Vietnamese to buy houses and land in Vietnam more conveniently, it promises to have a large amount of money flowing in to stimulate the market again.

Meanwhile, according to experts, the heat of the Hanoi real estate market started after Tet, when real estate products, especially apartments, are expected to have an upward trend due to supply signals. Therefore, this is a good opportunity for those with cash flow to "hunt" for themselves real estate in good locations, complete legal documents, and good price increase potential. If we go through this period and enter the recovery period, it will not be easy to hunt for good real estate at affordable prices. Besides, in the context of interest rates starting to increase again, investors still accept to cut profits to offer very good sales policies to buyers. It is likely that these policies will no longer have many incentives when the market recovers.

According to Mr. Nguyen Van Dinh, Chairman of the Vietnam Association of Real Estate Brokers (VARS), the real estate market in the second half of 2024 is a good opportunity for investors with idle cash flow, sustainable finances and market knowledge to capture the "last wave". For those with real housing needs, this is a good opportunity to realize the dream of settling down - because during this period, many real estate businesses are forced to restructure and adjust selling prices to stay in the market. Therefore, if you choose a good product, investing long-term within 3 - 5 years will bring high profits.

Khai Son City – Catching the “awakening” rhythm of the market

As a distinct piece carrying the breath of a modern urban area, Khai Son City is expected to be the key to creating standard living values ​​and catching up with the awakening of the real estate market with outstanding potential for price increases.

The central park is considered one of the outstanding green highlights in the general planning of Khai Son City urban area.

Meeting the real housing needs of residents with many breakthrough opportunities, Khai Son City is considered a valuable coordinate with open planning, diverse utilities, different and flexible product design to meet all 3 needs: cash flow business, residence, investment. The product is evaluated by investors as having the leading commercial potential in the region, is an ideal living space for multi-generational families and has the potential to increase in price according to the development of the area.

Having gone through the "seasickness" of market fluctuations, investors are now more cautious when choosing products. Mr. Nguyen Hung (Hanoi) said: "Now investing in projects with a vision of 5-10 years is very risky, I will buy products that can be lived in or rented out to get capital to pay bank interest. Real estate will probably find it difficult to repeat the period of hot growth and surfing again."

Scoring points with investors with its transparent legal advantages and stable profitability, Khai Son City is sought after by customers as a valuable investment destination. Currently, subdivision HH4 (3 buildings K5 - K6A - K6) is being built at an urgent pace and is preparing to be topped out on September 22, 2024, while subdivision HH5 is also completing the final items to be ready for handover to residents at the same time. Investor Khai Son always strives to ensure progress and complete items according to commitments to customers.

Synchronous infrastructure, modern utilities with open green space, extremely rare for a project in the inner city center.

As customers and investors are increasingly cautious in "putting money", real estate products with full legal status, long-term ownership, and clear infrastructure and utilities such as Khai Son City are always sought after. Possessing a prime location, transparent legal status, high-class utilities, and at the same time, the price from only 56 million VND/m2 is very "affordable" for customers compared to the current general price level in Hanoi.

With demand continuing to increase while supply is limited, it is forecasted that housing prices will continue to set new milestones. Projects located in modern urban areas, inheriting a full ecosystem of utilities and complete traffic infrastructure such as Khai Son City are the bright spots chosen by many customers as a symbol of sustainable development. Currently, the Investor is offering many attractive incentives for customers when only paying 10% will immediately sign a Sales Contract in addition to a discount policy of up to 6%, preferential loans up to 65% of the apartment value with 0% interest support for up to 15 months. Choosing Khai Son City at the present time is choosing the right time before the market has the next price adjustments compared to the present time.

Source: https://www.congluan.vn/buoc-ngoat-thi-truong-quy-4-2024-bat-dong-san-se-thiet-lap-cot-moc-gia-moi-post309985.html