Ho Chi Minh City apartment market is forecasted to be vibrant at the end of the year

nvestors sprint with new business policies to catch capital flows at the end of the year, in the absence of new supply.

Specifically, the recent report of Ho Chi Minh City Real Estate Association (HoREA), the number of housing supply products in the city is on a sharp decline. Citing data from the Ho Chi Minh City Department of Construction, HoREA’s report said that in the first 9 months of 2019, the whole city had only one housing project approved for investment policy, down 83%.

The housing segment, especially the supply of affordable housing units, is becoming increasingly scarce despite rising real demand. According to the explanation of Mr. Nguyen Hoang Chau – Chairman of Ho Chi Minh City Real Estate Association (HoREA) because the shortage of supply has made low-priced apartments currently exceed 25 million VND per m2 and become apartments. Intermediate. The remaining impact factor, according to Mr. Chau, is the adjustment of the land price list for the period of 2019-2024.

Seen from another perspective, Mr. Tran Khanh Quang – General Director of Viet An Hoa Company said that observing the Ho Chi Minh City market for more than two decades, the land price graph works in a sinusoidal shape. The whole cycle tends to increase and decrease, but the trend of land prices escalates stronger and this rule will continue in the coming decades.

“At present, the annual inflation rate of 5-6%, other manufacturing industries are also gradually developing and real estate is entering a difficult period. However, in the short term, in the difficult period, crisis, real estate may decline sharply but the whole cycle of price uptrend still prevails, “Mr. Quang added.

Facing these factors, experts predict the real estate market later this year will witness bustling transactions. Particularly, the apartment segment will be absent from new projects, instead the previously announced projects will implement sprint sales policies to “finish” before Tet.

In the South area of ​​Ho Chi Minh City, Sunshine Group currently distributes two projects, Sunshine City Saigon and Sunshine Diamond River, both in the high-end segment. In particular, the complex of 3,000 Sunshine City Saigon apartments (District 7) is located on Phu Thuan street, next to Phu My Hung urban area, which is offered by the investor starting from 52-62 million dong per m2.

From the end of November, the project implemented a 25% payment policy to receive houses. The rest of the bank lends 0% interest and grace period for 30 months. Excluding the preferential interest rate of 0% for 30 months, the price of apartments ranges from VND 46-55 million per m2.

Besides optimizing the selling price, this investor also attracts guests with high-end construction and finishing standards. Accordingly, the project is designed as a resort, located on an “oasis” in the middle of an artificial lake with an area of ​​12,000m2. All the individual apartment floors on the towers have large scale hanging gardens. At the top of the tower are tropical parks, aerial walkways, infinity pool systems, and meditation gardens.

Project to build nearly 70 internal facilities such as 4-season indoor pool, inter-walk walk garden, Canadian international preschool, supermarket, fashion shop, cinema, children’s utilities, spa , gym, restaurant … meet the needs of the lives of families with children.

Outside the 9 towers are Low-E glass panels with UV protection. Security for the entire project is ensured thanks to state-of-the-art Face ID technology. The investor used ceramic tiles (such as marble) to pave the living room and kitchen, the bedroom area was imported wood.

Complete kitchen appliances such as faucets, washbasins, hoods, kitchen imported from Europe, Franke or Hafele brand. All bathroom furniture provided by the German brand Kohler. The investor is also equipped with ceiling air conditioner, heater, wall cupboard in the bedroom … in standard delivery.