After the Lunar New Year, a series of commercial apartment projects such as Homyland (Nguyen Duy Trinh Street, Thu Duc City, Ho Chi Minh City), The Gio Riverside, TT AVIO in Di An City, Binh Duong Province and Fresia Riverside (Bien Hoa City, Dong Nai Province) have heated up the real estate market in Ho Chi Minh City and neighboring areas with reasonable prices, suitable for the budget of many buyers.
Race to sell
According to records, the Homyland Riverside project or Homyland 3 located on Nguyen Duy Trinh Street, Thu Duc City is opening for the final sale, one of the rare projects opening for sale in Ho Chi Minh City at this time. The announced selling price is about 47 - 55 million VND/m² for 2-bedroom apartments with an area of 80 - 81 m², or about 3.8 - 4.2 billion VND/apartment. The advantage of this project is that buyers can receive the house immediately because the project was completed and handed over a few years ago, and the investor also supports bank loans up to 70% of the apartment value and a preferential interest rate of 7% in the first 2 years.
Meanwhile, The Gio Riverside project invested by An Gia Real Estate Investment Joint Stock Company is attracting strong attention in the context of the apartment market lacking affordable housing. Located in Di An City, Binh Duong Province, this project is expected to provide the market with 2,900 apartments with an area of 40 - 75 m² and a selling price of over 40 million VND/m². At the same time, the TT AVIO project with the participation of prestigious partners such as Cosmos Initia, Japanese investment fund Koterasu and TT Capital, is also receiving special attention due to its surprisingly low price. Specifically, with a scale of about 2,000 apartments, the price for a 2-bedroom apartment in this project is set at about 1.23 billion VND, with a flexible payment method (under 10 million VND/month or negotiated according to financial capacity). TT AVIO is considered an ideal product for buyers with limited budgets.
Homyland Riverside attracts attention in the context of Ho Chi Minh City apartment market still lacking supply
Similarly, the Fresia Riverside project, which has just been started by Tan Van Real Estate Joint Stock Company at the Tan Van intersection, Bien Hoa City, Dong Nai Province, is also creating a buzz. Ms. Tran Thi Cam Tu, General Director of EximRS Real Estate Joint Stock Company - the general agent of the project, said that the project is expected to complete the foundation in the first quarter of 2025, then sell and hand over in early 2027. "The total number of apartments is only over 1,100. We will divide the basket of goods into the opening sales phases. Of which, the first phase has about 400 apartments with a selling price of only 32 million VND/m2, so the 2-bedroom apartment of the project is only about 1.5 billion VND, suitable for the budget of many people" - Ms. Tu shared.
The right strategy
Experts say that the real estate market in Ho Chi Minh City is lacking land funds and project development costs are high, so in the coming time, many investors will have to choose product segments to ensure minimum profits.
Savills Vietnam’s survey of the Ho Chi Minh City market and surrounding areas shows that in the short term, the focus will still be on the mid-range and high-end segments. If buyers want to find affordable products, they need to move to areas further from the center such as Binh Duong, Dong Nai and Long An , where apartments cost from VND30-40 million/m2.
In that context, Mr. Tran Khanh Quang, General Director of Viet An Hoa Real Estate Company, said that investors launching "affordable" products in border areas and places with high population density is the right strategy in the context of a changing market. "Previously, investors focused on the housing segment for investment, but now the demand for buying for living is given more priority, requiring products that not only ensure price but also need to be transparent in terms of legality and construction quality. The State's promotion of administrative procedure reform, removal of legal obstacles and increased public investment have contributed to creating a safer and more transparent investment environment, thereby creating trust for customers when choosing products" - Mr. Quang expressed.
According to Savills Vietnam, in the future, the supply of "affordable" apartments is expected to continue to expand as investors promote this segment to meet the needs of the people. It is expected that in 2025, the Ho Chi Minh City market will have more than 10,000 apartments for sale, of which Class B apartments account for about 54%; by 2027, the supply may reach 46,000 units, mainly distributed in Thu Duc City (about 52%), Binh Tan (11%) and District 7 (10%). Although these forecasted figures are for reference only, they still show the strong development prospects of the affordable housing segment in the context of increasing demand for home ownership.
Positive signals from policy
A real estate expert said that simplifying administrative procedures and shortening project approval time will help reduce costs, creating conditions for investors to speed up implementation progress. This not only helps businesses save time and resources but also helps screen units with sufficient financial capacity and project implementation capability. In addition, these changes not only bring practical benefits to customers and investors but also promote the comprehensive development of the industry, contributing significantly to the process of national economic recovery and growth.
Source: https://nld.com.vn/them-co-hoi-cho-nguoi-mua-can-ho-196250224212016835.htm
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