The residential real estate market is gradually becoming more vibrant due to the increasing number of immigrants, and the waiting for social housing from mainstream customers such as workers, civil servants and students.
According to Batdongsan.com.vn - a member of PropertyGuru, in the first month of 2023, the demand for real estate rentals nationwide increased by 101%, while the number of listings for rental houses and apartments decreased by 4% compared to the same period in 2022.
In Can Tho , the demand for rental rooms increased 1.8 times after the Lunar New Year 2022. Market reality shows that the level of interest in accommodation real estate from the beginning of 2022 until now is still maintained at a high level.
The demand for renting rooms in Can Tho increased 1.8 times after Tet 2022. Source: Internet
Analysts say the rental housing market in Can Tho is bustling due to the sharp increase in the number of students, experts and migrant workers. This is the result of the urbanization rate and the expansion and improvement of facilities of universities and colleges in the area.
For example, Can Tho University announced that in 2023, the school plans to welcome 8,720 students, an increase of 1,000 compared to 2022. Can Tho University of Technology and Engineering plans to welcome more than 1,620 students in 2023.
The large number of students in 2023 is forecast to increase the demand for accommodation in Can Tho, peaking in August and September 2023 - when universities and colleges start their new school year.
In addition to universities, many commercial centers, technical centers, and industrial parks have also been invested in and built in Can Tho, attracting tens of thousands of immigrants to live, study, and work. According to statistics from the Ministry of Construction , in the first quarter, Can Tho reached 70.5%, ranking 4th in the country in terms of urbanization. This has increased the demand for renting apartments and boarding houses.
Mr. Dinh Minh Tuan - Director of Batdongsan.com.vn Southern Region forecasts that investment cash flow in 2023 will shift to accommodation products such as rooms, apartments, townhouses and factories for rent. This real estate group is easy to access loans and safe in the context of the market not really balanced.
A representative of Hung Phat Real Estate Company Limited - a unit specializing in investing and developing real estate projects in the Southwest region, demonstrated that for nearly 10 years, the main segment in the company's business portfolio has been land. However, from the end of 2022, the company decided to expand its business to the field of accommodation real estate, first of all, motels and serviced apartments to anticipate market trends.
According to NP Space – a real estate rental trading platform owned by Hung Phat Company, high demand while limited supply shows the growth potential of the large residential real estate segment. In the coming time, rental rooms and serviced apartments near universities and industrial parks will achieve rapid occupancy rates if there is new supply added to the market.
According to statistics, after only one month of launching, the brand has grown from 100 to 600 rooms and serviced apartments throughout Can Tho. However, the systems are always full because the number of existing rooms cannot meet the demand.
Currently, NP Space is running at full speed to expand the system and complete the facilities, to ensure a convenient, safe, stable supply, suitable for the increasingly high requirements of both "quality and quantity" of customers.
NP Space focuses on perfecting the system in both "quality and quantity"
According to analysts, in the context of continuously rising housing prices, the supply of social housing is not enough to meet demand, students, workers, and young families living and working in Can Tho are also "thirsty" for rental housing. Therefore, the need to develop high-quality serviced apartments and boarding houses at reasonable prices is extremely urgent.
Ly Ngoc
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