Weekly Vietnam Property News (18 – 25/10/2020)
Property News: HCMC real estate market, many positive signals
Expected in quarter 4/2020, the Ho Chi Minh City market will have more than 16,000 apartments for sale; of which, 90% comes from the next phases of existing projects.
In the last 3 months of 2020, HCMC real estate market is expected to add more than 50,000m2 from 7 new projects; in which, the non-CBD area accounts for more than 80% market share.
The eastern area of the city (District 2, Thu Duc, District 9, Binh Thanh) will continue to lead the new supply.
Property News: Foreign investors like real estate in central Ho Chi Minh City
HCMC real estate has great growth potential, especially in the luxury real estate segment. The target of this investor is high-end apartment projects in the city center, in order to anticipate the value increase momentum when the land fund is exhausted but the need for the high-quality living of business people and experts. at home and abroad are always growing.
The trend of investors looking for luxury real estate in the big city center is also recorded at brokerage agencies specializing in serving the group of foreign investors.
Coming to the district, Nha Be district’s real estate is ‘hot again’
With strong changes in infrastructure, along with enough information to go to the district, real estate in Nha Be district (Ho Chi Minh City) is “hotter” than ever.
The transition from a district to a district in the immediate future will be very beneficial for local people, followed by increasing advantages to attract investment in the area. Nha Be district is being evaluated as a very potential area because a transport system connecting with important roads has been formed.
Specifically, at the end of April 2020, the intersection of Nguyen Van Linh – Nguyen Huu Tho, with an investment of more than VND 830 billion, has started phase 1, the project will promote city-wide connectivity through a combination. between the North-South and East-West axes.
With strong changes in infrastructure, along with information that has enough criteria to go to the district, Nha Be district is becoming the name “choosing to send gold” for the current residential and real estate investment needs. . Indeed, from the end of 2019 until now, the Nha Be land market has recorded a special excitement.
From the first quarter of 2021, city real estate. Ho Chi Minh City will “restart”
A project opened for sale early in October 2020 in Thu Thiem area, District 2, despite the average selling price of up to 7,000 USD / m2, still attracts many buyers.
Besides pointing to the decline of the real estate market in the city. Due to the translation factor of COVID-19, many experts and consulting companies also emphasize the optimism factor in the coming time.
Expected in quarter IV / 2020 city market. Ho Chi Minh City will have more than 16,000 units launched; of which, 90% comes from the next phases of existing projects. The area east of the city (District 2, Thu Duc, District 9, Binh Thanh) will continue to lead the new supply.
Compiled from many sources by LOOKOFFICE
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