Ho Chi Minh City satellite real estate market is bustling at the end of the year

(Dan Tri) - With great development potential and reasonable prices, satellite areas around Ho Chi Minh City have become attractive destinations in the context of the real estate market gradually becoming more vibrant at the end of 2024.

Buyer cash flow shifts to find opportunities

According to CBRE Vietnam, in the third quarter, the price of real estate attached to land in some places in Hanoi reached 235 million VND/m2, up 16% compared to the previous quarter and 27% compared to the same period last year. At the same time, the price of secondary real estate was recorded at 167 million VND/m2.

In November, the selling price of apartments in Hanoi reached 61 million VND/m2, surpassing Ho Chi Minh City (55 million VND/m2). The price of private houses was recorded at 197 million VND/m2, an increase of 58% compared to January 2023. The price of land was 70 million VND/m2, according to Batdongsan.com.vn.

Real estate prices in Hanoi are rising, far beyond the affordability of most people, combined with the assessment of the great development potential of the Southern real estate market, causing many investors to shift their attention from the North to the South. In the fourth quarter, the number of people from Hanoi searching for real estate in Ho Chi Minh City increased by 7% compared to January 2024.

While Hanoi real estate prices continue to climb, the HCMC market is also increasing strongly. In the past 11 months, HCMC has had 4 commercial housing projects eligible for sale with a total of 1,611 houses, all of which are in the high-end real estate segment, with a total capital mobilization value of VND15,142 billion, an average of VND9.39 billion/house. In that context, investors have begun to flock to many satellite areas near HCMC.

In 2024, Hanoi's real estate market will face high price increases, surpassing Ho Chi Minh City in many segments. (Photo: Hoang Yen).

In addition to price, the scarcity of inner-city land is also a factor that helps the satellite real estate market become more vibrant in the current and upcoming period. When clean land in large markets such as Hanoi or Ho Chi Minh City is increasingly scarce and "valuable", the main development in the coming years will be neighboring urban areas, which are close to the center, always maintaining a strong speed of infrastructure development, economy and urbanization.

In addition, the Government's promotion of the Transit Oriented Development model has contributed to creating potential satellite urban clusters.

Great development potential from infrastructure and competitiveness

In recent years, Dong Nai has become a locality with dynamic infrastructure. Not only the airport, but in the coming years, Dong Nai will have many more large infrastructure projects implemented and put into use. At that time, the province will become a transit gateway for the whole South with full means of transportation including: road, rail, air, and waterway.

Possessing many advantages, real estate in the area around Long Thanh is assessed to have great potential for development in the coming time.

With these advantages, this locality is oriented to focus on developing high-tech industry, trade, services, and logistics. When Long Thanh International Airport comes into operation, it will be a magnet to attract investment in industry, logistics, trade services, and urban areas. From there, real estate projects in the area will benefit greatly from this development orientation.

According to experts, the appearance of Long Thanh airport has given Dong Nai real estate the impetus to develop, especially the housing segment located near the airport area.

Located outside the noise disturbance area, adjacent to public investment projects such as airports, Ho Chi Minh City - Long Thanh - Dau Giay expressway, Bien Hoa - Vung Tau expressway, ... Gem Sky World urban area increasingly affirms its price increase advantage, not only reflected in the location factor or traffic connectivity, but also the added value of the project itself.

Investment values ​​such as landscape, infrastructure, living facilities along with connecting spaces, commercial streets, and services at the project, over time, will create added values ​​for real estate products. These are also the real and sustainable values ​​that the investor of Gem Sky World aims for.

The diverse and synchronous internal utility system, high quality according to international standards is one of the factors that the investor pays special attention to. Many utility items in the project such as: sports area, children's playground, swimming pool area, observation deck, Adventure Forrest adventure game complex according to international park model, school, kindergarten, hospital, and commercial street are considered factors that score points with customers when visiting the project.

Emphasizing the residential factor, each townhouse at the Gem Sky World project has a modern design style, with an area of ​​100 - 120m2, both meeting the needs of a warm common living space for the family and ensuring private space for each member.

Health and safety factors are also clearly shown in details such as the comfort of the stairs, the use of window frames and large glass doors to maximize natural light or the arrangement of additional backyard space and spacious balcony system, thereby encouraging the development of a green lifestyle for the homeowner.

For detailed information about Gem Sky World project, visit: https://gemskyworld.vn/

Source: https://dantri.com.vn/bat-dong-san/thi-truong-bat-dong-san-ve-tinh-tphcm-soi-dong-cuoi-nam-20241229115007552.htm