It is increasingly difficult to own a home in Ho Chi Minh City with ordinary workers when the average salary increase is only 5-10%/year while the house price growth rate is 10-15%/year. This prompted many families to decide to “settle down” and buy a house in the suburban areas to “settle down and settle down”.

Legacy Prime owns a modern design, a large brand's interior system, but costs 1 billion VND / unit

House prices outstrip income

A recent Nielsen report said that 72% of young people, 25-40 year old households still cannot own a home because the price is too high compared to their income level.

Meanwhile, according to CBRE, the average income of workers increases by 5-10%/year, but apartment prices have increased by 10-15%/year. Thus, the dream of “having a home” will be increasingly remote for many families living on a monthly salary.

Statistics from Batdongsan.com.vn show that about 80% of households living in Ho Chi Minh City currently have an average income of just under 15 million VND/month, equivalent to about 148 million VND/year. However, the supply of affordable housing is almost missing in the market. For example, in Ho Chi Minh City, in 2020, only 1% of housing supply is priced at 30 million VND/m2 or less. From 2021 to now, there are no affordable commercial housing projects.

Not only the limited supply, the house price level also increased sharply. The price of Grade C apartments from 21 million/m2 now reaches 60 million/m2. The price increase of land plots is even more “terrible” when in the past 5 years it has increased by more than 100% to 200%, especially in many places it has increased 3-4 times.

“Let's try to do a little math on spending, with an income of 15 million VND/month, a household has to spend at least 9 million VND on living expenses, if he accumulates 6 million VND/month, he will have 72 million VND left over a year. . If you want to buy an apartment of about 2 billion, it takes about 28 years. But at that time, house prices were no longer stationary at 2 billion VND/unit, but increased many times”, said Mr. To Duy Chinh – Director of Kim Oanh Group's Sales Division.

Experts say that for many different reasons, real estate prices in Ho Chi Minh City will hardly tend to decrease and the gap between house prices and the average income of people will increase. Therefore, families who are in need of housing should not hesitate if they have accumulated a part of their finances.

With the current well-connected traffic development momentum, it is reasonable to “centrifuge” away from Ho Chi Minh City to buy houses to settle down in suburban areas. When income conditions improve, it is not too late to consider changing to a better place.

Mr. Ngoc Quang, currently working in Binh Thanh district, shared that if buying a house in Saigon, the financial cost must be at least 3 billion VND for a 2-bedroom apartment. If you live in adjacent areas like Thuan An, you only need 1-2 billion VND to have a satisfactory 2-bedroom apartment. Moreover, from Thuan An, it takes less than 35-40 minutes to move to the center of Ho Chi Minh City, in addition, the external utility system in these areas is absolutely not inferior to the central area.

Legacy Prime – Solution for low-income people

One of the most exciting markets for low-cost apartments near Ho Chi Minh City at the moment is Binh Duong. This area currently receives a diverse supply from a series of investors such as Kim Oanh Group, Phu Dong Group, Bcons, Becamex…

The common point of the projects announced at this time are in the affordable and low-cost segment aimed at real housing needs. In order to conquer customers, in addition to the price, the investors also implemented many incentive programs, full legal commitments, implemented the project on schedule and ensured the construction quality.

The most prominent is Kim Oanh Group with the Legacy Prime project right in the center of Thuan An with the price of 1 billion VND. This is currently a project converging many “unique” factors, especially a breakthrough financial plan “one-of-a-kind”. Customers only need to pay 99 million VND in advance to be able to own the apartment immediately, the investor also supports a preferential loan package with a preferential interest rate of only 9.9%/year, fixed for 36 months. In addition, customers are also exempted from paying interest until they receive the house, and have a grace period of up to 36 months.

Legacy Prime internal area gathers a series of utilities to meet all the daily needs, entertainment and entertainment of residents.

Besides the low price and great financial solution package, customers buying Legacy Prime apartments also enjoy a series of great incentives. Specifically, including 4% discount when paying with own capital, 1-3% discount when buying in bulk, 18% discount for early payment, 1% discount for bank loans, participating in 3 programs at the same time. lucky draw with a total prize value of up to billions of dong.

Real estate traders commented that the selling price and financial policy of Legacy Prime are almost the best on the Binh Duong market at the moment. The attraction of Legacy Prime is demonstrated when each shopping cart announcement is absorbed by the market 90-95% of the product quantity. According to information from the investor, the majority of customers buying apartments are young people, middle-income households, newlywed families with not long financial accumulation time.

Along with the attractive selling price and preferential policy, Legacy Prime also has a fast deployment speed, currently the project is completing details and utility items.

“My wife and I work in Ho Chi Minh City but decided to choose Legacy Prime because currently the traffic connection is quite good, the distance from the project to the workplace only takes more than 30 minutes. In addition to the low price and financial incentives, I am also very reassured because the construction progress is fast and the project is 100% complete,” said customer Ho Viet Hoang.

Lam Anh