Apartment prices continue to increase
Recently, the Ministry of Construction announced information on housing and real estate market nationwide in the second quarter of 2024. In particular, it noted that the apartment segment in Ho Chi Minh City has many positive fluctuations in prices.
According to a report by the Ministry of Construction, the transaction volume of apartments and individual houses in the second quarter of 2024 tends to decrease compared to the first quarter of 2024.
Specifically, transactions of apartments and individual houses were equal to 72.2% compared to the first quarter of 2024, and 87.08% compared to the same period in 2023.
The apartment segment in Ho Chi Minh City has many positive fluctuations in price.
However, apartment prices in Ho Chi Minh City recorded many positive changes in the second quarter of 2024. According to surveys and reports, apartment prices increased by an average of 5% to 6.5% in the second quarter and 25% annually depending on the area and location.
Apartments in Ho Chi Minh City have selling prices in the mid-range segment from 35 - 55 million VND/m2 (up 2%) and high-end (price over 55 million VND/m2) increased by 5% compared to the same period in 2023.
At the same time, the selling price of used apartment projects in Ho Chi Minh City also tends to increase, especially in inner-city areas.
Specifically, the City Garden apartment project (Binh Thanh district) is selling for an average of VND85 million per square meter, an increase of 18% over the same period last year; the Antonia project (District 7) and Masteri Thao Dien (District 2) increased by 11% and 10% respectively.
According to Nguoi Dua Tin , apartment prices in Ho Chi Minh City have been greatly affected by the shortage of supply in recent years.
A series of projects with legal problems and slow construction have made it impossible for apartment buildings to meet people's housing needs.
In particular, in the first quarter of 2024, the East and South areas of Ho Chi Minh City will mainly see high-end apartment projects with prices ranging from 70 - 150 million/m2. This will further reduce the supply of apartments, affecting market prices.
Buy an apartment for long term investment purposes
The fact that apartment prices in Ho Chi Minh City have had many positive changes is considered by experts to be an inevitable trend of the market.
Speaking with Nguoi Dua Tin , Mr. Le Van Hung, Director of Nam Phat Real Estate Construction Joint Stock Company, commented: "The real estate market in the Southern region, especially Ho Chi Minh City in the first 6 months of 2024, recorded a lot of positive information. Especially the apartment real estate segment, from high-end supply to mid-range products and secondary products with liquid transactions. It can be said that apartments are leading the real estate market in the South in recent times."
Mr. Le Van Hung, Director of Nam Phat Real Estate Construction Joint Stock Company.
"The fact that apartments have transactions and liquidity will have a huge impact on the market. Cash flow will circulate, secondary transactions will appear continuously, creating revenue for investors, thereby making the psychology of those who buy real estate projects more secure," Mr. Hung informed.
According to Mr. Hung, the apartment segment often does not bring high profits immediately like townhouses and land. However, this is a fairly sustainable segment in the current market because it brings long-term benefits.
"In the past, when buying real estate, investors could quickly make a profit, but in recent years, there have been no more 'quick-fix' transactions. Meanwhile, the apartment segment does not bring in very high profits.
However, investors consider the long-term investment purpose. Buying an apartment can use savings, rent it out in many different ways to create value. In addition, when there is a need, investors can sell it to recover capital.
Certainly, whether the apartment is new or old, investors will still make a profit when selling the house they own," said the Director of Nam Phat Real Estate Construction Joint Stock Company.
The apartment market is expected to attract investors in the near future because current real estate prices have increased, making it difficult for people to access.
Sharing with reporters about the current real estate market and apartment segment, Ms. Nguyen Thi Thanh Thao, Sales Director of Phu Dong Real Estate Joint Stock Company (Phudong Group) said: "Currently, the apartment market in Ho Chi Minh City and neighboring areas such as Binh Duong and Long An is attracting a significant number of customers.
Especially secondary transactions. The reason why apartments are more active now than before is because the market is better, investors' psychology is stable and they are looking for segments that suit their needs and current financial situation."
"In addition, most of the projects on the market have completed the legal aspect, in addition, the investor also has a series of policies to support customers in terms of payment, debt grace period, discounts and especially at this time, apartment prices are quite close to the market. Therefore, many investors pay more attention to this segment," said Ms. Thao.
Ms. Nguyen Thi Thanh Thao, Sales Director of Phu Dong Real Estate Joint Stock Company.
According to Ms. Thao, apartment investors nowadays often focus on young customers who have real housing needs. Because this type of customer will help the apartment supply to be consumed well, in addition, apartments are also considered as accumulated assets.
Especially, when land prices are increasing in all aspects, land price adjustments are applied in many places, so the selected apartment can help catch the "new wave" to create high value.
Apartment prices fluctuate in many areas
According to data in the housing and real estate market information report for the second quarter of 2024 of the Ministry of Construction, currently, apartment prices in Ho Chi Minh City have many positive changes.
According to analysis reports, apartment prices in Ho Chi Minh City may continue to increase in the near future, due to the scarcity of new projects on the market. The selling prices of some specific projects are as follows:
Thu Thiem Star project (Nguyen Duy Trinh street, Binh Trung Dong ward, district 2) has selling price ranging from 31.5 - 33.5 million/m2; The Era Town project (15B street, Phu My ward, district 7) has selling price ranging from 25.5 - 29.5 million/m2;
Republic Plaza project (Cong Hoa street, ward 4, Tan Binh) selling price ranges from 40.5 - 42.5 million/m2; Republic Plaza project (Cong Hoa street, ward 4, Tan Binh district) selling price ranges from 41.5 - 42.5 million/m2; Diamond Centery project 58 million VND/m2 in Tan Phu district; Stown Tham Luong project price ranges from 27 - 40 million VND/m2 in district 12 (The Aurora Phu My Hung project price from 85 million VND/m2 in district 7).
In the secondary market, the selling price of some projects with high average price increase in the quarter such as: Masteri Thao Dien (District 2) increased by about 6.1% (to 77 million VND/m2), Eco Green Saigon (District 7) increased by about 6.8% (to 61.1 million VND/m2), Jamona Heights (District 7) increased by about 5.9% (to 42.6 million VND/m2), The Antonia (District 7) increased by about 7.2% (to 82.6 million VND/m2).
Source: https://www.nguoiduatin.vn/vi-sao-gia-can-ho-chung-cu-tai-tphcm-co-nhieu-bien-dong-204240819220857222.htm
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