In a recent real estate window, Mr. Tran Quang Trung, Business Development Director of OneHousing, said that many "sharks" in Ho Chi Minh City are currently moving north.
Explaining the reason why investors in Ho Chi Minh City have been “swimming upstream” to the Hanoi market recently, Mr. Trung said that the southern market has been almost paralyzed in the past two years.
Mr. Tran Quang Trung, Business Development Director of OneHousing. (Photo: PC)
Up to now, the market in Ho Chi Minh City has just begun to restart, but this restart is only in certain segments, mainly the apartment segment.
Mr. Trung also said that, up to this point, whether it is a primary or secondary product, the price level and price base of products in the same segment in Hanoi are still cheaper than in Ho Chi Minh City.
For example, the market price of apartments in the same segment in Hanoi and Ho Chi Minh City is about 30% different, with some product lines being up to 40%.
"Of course, in the southern economic locomotive, the rental price is better, but the input capital is more," said Mr. Trung.
According to OneHousing experts, investors from Ho Chi Minh City who come to Hanoi will have two main tastes. One is that they look for low-rise funds of existing projects from reputable investors, they see this as a time to invest - for this group of investors, they do not consider long-term investment, their investment period is about 2 years.
Second, it is the apartment segment. Investors in Ho Chi Minh City will prioritize choosing projects from investors with reputable brands, especially those whose products have helped them generate profits and have good liquidity in the Ho Chi Minh City market.
"Therefore, when this investor moves north, a number of investors also follow this flow to Hanoi, taking advantage of investment opportunities with much potential in high-end real estate," said Mr. Trung.
In Hanoi, the supply in the West and East regions is taking up a large proportion and is increasing steadily each year, expected to reach more than 40% in the period 2024-2026. This will be an abundant supply for investors who are looking to invest in the high-end apartment segment in Hanoi.
In addition, Mr. Trung shared that currently, the biggest pressure for investors is to keep cash, gold prices are increasing, inflation is also on the rise, making investors think: if I keep money, I am gradually losing assets.
For professional investors, they will be interested in choosing which product segment to buy, the total amount of money spent, profit margin, and liquidity time. The priority is liquidity then profit - that is how experienced investors choose real estate.
Hanoi real estate is entering a wave with prices increasing "dizzily", Mr. Trung said that this is just the beginning of a new cycle.
"In the new Land Law, many investors have seen opportunities when overseas Vietnamese can buy houses and have full rights as a Vietnamese citizen. If investing at the present time, it can have good liquidity when welcoming large cash flows from overseas Vietnamese," Mr. Trung emphasized.
Source: https://www.congluan.vn/ca-map-tp-hcm-co-xu-huong-bac-tien-san-bat-dong-san-post291992.html
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