According to experts, in 2024, the flow of money into the real estate market will have good growth when confidence is improving. In particular, the apartment segment is affordable but converges many outstanding factors that strongly attract the attention of buyers. “Real apartment is affordable” – keywords of interest Recently, the real estate market is …
Cash flow back into the real estate market, which projects are worth buying? Read More »
According to experts, in 2024, the flow of money into the real estate market will have good growth when confidence is improving. In particular, the apartment segment is affordable but converges many outstanding factors that strongly attract the attention of buyers.
“Real apartment is affordable” – keywords of interest
Recently, the real estate market is on an upward trend as liquidity begins to return and home buyers’ confidence gradually improves. Notably, “real apartment” in the affordable segment is the top “keyword”, which many home buyers are interested in.
The latest report from Savills shows that the apartment market in Ho Chi Minh City in Q4/2023 has good absorption with 84% for apartments priced from VND 2-5 billion. This segment is also forecasted to continue to lead the market in 2024, with the total number of apartments expected to increase 4 times compared to the previous year. In particular, mid-end and affordable apartment products have clear legalities, long payment periods, supported bank loans … will strongly attract buyers.
Dr. Su Ngoc Khuong, Senior Director of Savills Vietnam’s investment department, also said that the current market is in dire need of Grade B and Grade B apartments in the range of VND 40-60 million or VND 30-50 million. Therefore, creating many products that fit the majority of people in this case is the right direction.
With many years of experience and market observation, Mr. Khuong assessed that the demand for buying apartments in the mid-range and affordable segments in this period is not surfing investment but mainly buying real estate or buying profitable sublease.
Objectively, according to experts, it may take until 2025 for the market to really enter a new cycle with excitement, when the belt laws (amended), the law on real estate business,… in effect, which will help unleash supply. However, 2024 is considered to have many optimistic signals from the brightening market, which is still the time when buyers can consider with the idle cash flow available. On the business side, this is also the time for units to continue restructuring products, focusing on feasible projects, prioritizing product development to serve the real needs of the people.
Which area is optimal to buy a house?
Grasping the market demand and consumer psychology of Vietnamese people, over the past time, many businesses have chosen affordable segments to develop projects. There are some familiar investors in the market such as Le Thanh Company, Khang Dien, Nam Long Group (Nam Long Group), Kim Oanh Group (Kim Oanh Group) ,…
Up to now, these businesses have provided hundreds of thousands of products to the market, providing opportunities to settle down for many young families, single people with average income in large cities in the South.
In the context of increasing migrant workers, the demand for affordable apartment ownership is still very large, in the near future, the market will definitely need more businesses to join hands to develop this product line. However, with the inner-city land fund in Ho Chi Minh City. HCM is becoming increasingly scarce, without the accumulation of clean land funds early, this is very difficult to do. Besides, the price of apartments here is also constantly escalating, affordable products are therefore almost extinct and disappeared from the market.
Trying to “cling” to the dream of buying a Saigon home is no longer the optimal solution, according to experienced home buyers. Instead, buyers can consider choosing projects in nearby areas with good connectivity infrastructure, such as Legacy Prime in Thuan An City (Binh Duong) of Kim Oanh Group.
This is a well-planned, modern, comfortable apartment complex that is highly appreciated by real buyers and rental investors thanks to its prime location, located adjacent to AEON Mall, easily connected to National Highway 13, My Phuoc – Tan Van Avenue and many industrial parks.
With a price of only 900 million VND / extremely competitive unit, the products at Legacy Prime are a reasonable choice for buyers to easily own at their fingertips.
In particular, with the urgent construction progress, the final items of the apartment complex are being urgently accelerated by the investor and the construction unit day by day to promptly hand over houses to residents.
In April, buyers at Legacy Prime will officially receive their homes and be able to move in right away. In the case of investment, homeowners can easily profit immediately from apartment rental activities and benefit from the project’s price increase margin that will continuously increase when the residential rate is filled.
