Real estate transactions in Ho Chi Minh City: burning of small apartments
Monday, May 13, 201 15:16

(Views: 394)

Real estate transactions in Ho Chi Minh City have leveled off for more than 1 month. However, the product line of middle and high-end apartments is small and almost unaffected by the slowdown. This segment is always in stock.

Officially opened for sale at the end of July but at this time, 80% of apartments with 51-71m2 area in Dragon Hill 2 project of Phu Long Real Estate Company have successfully traded. In addition to the reasonable price range of 22-24 million / m2, the investor (CDT) mainly develops small area model, which helps the total cost of a high-end apartment only reach 1.3 billion. People make this product line burn in a short time. Besides, Phu Long real estate also offers flexible selling policies to attract buyers such as: paying 20% ​​of total apartment value Dragon Hill 2 will be transferred to live in Dragon Hill 1 high-end apartment for until the investor hands over the house, supports 0% loan interest rate from 24-30 months or 9.5% discount for the customer.

Quality and utility are the top factors that buyers buy
set out when choosing housing products

Not only Phu Long, representatives of Sacomreal Real Estate Company also said that most of the small-sized apartments of the projects being opened for sale are very running. Apartments with an area of ​​50-70m2 do not need to do communication, just launched is already booked by customers. In the recent launch of Luxury Home, only 10 days after the announcement, 50% of the apartments have been sold. Another project focusing on developing small apartments, Carillon 3, also officially ran out of stock in August. Sacomreal Real Estate Company also launched a promotion policy such as paying 35% to receive houses. Good policies, project quality and suitable products make Sacomreal's August consumption significantly improved.

In a number of projects being offered for sale in the market such as Sun Avanue, Kingston Residence, The Park Avenue of Novaland, The Art Knowledge Zone, Luxury Home, Carillon, The Goldview ... small apartment product lines The range of 50 -70m2 is very selling. Currently, it is difficult for customers to buy small-sized apartments from primary sources despite high demand. Gia Hoa Real Estate Company, The Art Project investor said that the apartments of 59-70m2 area of ​​the project have been sold almost. With the price from 20-22 million / m2, range 1.2-1.3 billion / unit, so many customers ordered before opening the sale. Currently nearly 80% of the apartments at the Mozart block have been sold successfully.

Analysis of the causes of small-sized apartments of medium-high-end projects favored by home buyers, Mr. Le Kim Hoang, Business Director of Gia Hoa Construction - Business Co., Ltd said: Mid-high end products have a wide range of supply, offering more options for buyers. The small area makes the selling price not too high, in accordance with the financial capacity of many households. In addition, the accompanying utilities are also diverse and quality. In particular, middle and high-end projects often have preferential lending policies, and buyers are easier to access capital than low-cost projects. ”Mr. Hoang also emphasized the increasing customer demand. The apartment is not only for living but also for enjoying a safe environment, a civilized community, and adequate facilities, they are willing to spend an extra amount or borrow from the bank to reach the high-end segment. The price is reasonable, the location is not too far from the city, so small apartments, in the price range of 1.2-1.5 billion, are not enough products to sell to customers.

The apartment has medium size, scientific design is the choice of
Many middle-class households in Ho Chi Minh City

According to Ms. Ngo My Lan, Director of Cong Chanh Consulting Company, the scarcity of affordable housing projects and doubts about the quality of affordable housing projects is one of the reasons why many customers buy houses. The middle income class has moved to "hunt" small-area apartments in mid-high-end projects. Although the selling price of this product will be higher than the average price of 5-7 million VND / m2 (range 20 -25 million / m2), the quality is guaranteed, the utility is adequate, and easy access to bank loans and The most important is the prestigious investor. A small area of ​​50-60m2 is priced at 1.1 - 1.7 billion. This is the price that middle class, office workers and young people can manage.

Lan also said that despite the market's buying demand towards affordable housing projects, the gaps in quality management in these projects are making buyers' confidence waver. In recent years, affordable housing projects have strong transactions, burn goods, making homebuyers have to queue for production mainly projects developed by big investors like E Home, Flora Fuji of Nam. Long, 9 View of Hung Thinh, Him Lam Street East of Him Lam, Jamona City of Sacomreal ... In fact, despite the lack of houses to live in, many people still are not earnest with projects of cheap and popular marking. Doubtful credibility of investors and construction quality of the project.

According to Mr. Ngo Quang Phuc, Deputy General Director of Him Lam Land Company, the principle of developing a housing project, whether high or affordable, is the most important quality of construction. In addition, Investment Owners must attach importance to fully developing the accompanying utilities to serve the living needs of residents. In order to meet the above requirements, while still offering reasonable selling prices, many investors have actively restructured apartments, offering small-sized apartments suitable for young people from 60-65m2. With this area, an apartment can ensure good construction quality, high quality furniture and price range of 1 -1.5 billion / unit. The price that the majority of home buyers can access.