Early in the new year, a group of investors secretly “hunted” for land in the center of Ba Ria – Vung Tau, whose price fluctuates.
Records show that, from late 2021 to the present, in Ba Ria – Vung Tau, especially in the downtown area of Ba Ria City, a group of investors has emerged to hunt for real estate products that can be called “rare goods”. ” from this area. It is a product that is located right in the middle, complete with utilities, infrastructure, and facades that can be used for business. It is also the type of real estate that “touches” the needs of real buyers. However, in Ba City Ria, there are very few sources of new goods entering the market, so when demand increases, the price level also clearly fluctuates.
The survey shows that the current price level in the center of Ba Ria is down by an average of 25-50 million VND/m2. This price is still considered low compared to the general price level of equivalent administrative units in the neighboring province of Saigon. For example, in Long Toan Village, Ba Ria City, land prices range from 25-40 million VND/m2, which is still a good price for customers to buy for investment, as price increases are expected to increase in the coming years. in the near future, in the context of the scarcity of new real estate sources in the central regions. For projects with separate bookkeeping for each foundation, a 1/500 legal settlement is being highly sought after by investors.
Legal land that is neatly arranged in the middle of Ba Ria – Vung Tau is still in demand by investors
However, in Long Toan County, Ba Ria City, the source of new items is only “counted on the fingers”. Records show that, as early as 2022, in this region, only the Long Toan housing project developed by DICcons will appear in the region. as project developer and EximRS Exclusive distributor, offering prices starting at 24 million VND/m2. This is also a “rare” project in this area with 1/500 legal status, the scale is more than 7 hectares, with an area of 90-140m2. Because it is located in the middle but offers a primary price, investors should pay attention. This price is expected to fluctuate in the secondary market, in the context of the scarcity of housing supply in the CBD.
Meanwhile, in Long Tan Ward, Phuoc Nguyen Ward, Phuoc Trung Ward, etc., small plots of land were also offered for sale at a price of around 40 million VND/m2. However, most secondary goods are resold by investors, new supply is scarce.
With suburban areas such as Chau Duc, Phu My, Dat Do, Xuyen Moc districts… Real estate prices also fluctuate in the range of around 20 million VND/m2. Under the heat of many passing land fevers, the price levels of these districts have been “inflated” high, even on par with the downtown area. Thus, it can be seen that the number of long-term investors are still targeting central real estate areas with complete facilities, connectivity and businesses, while the price set is not too high compared to suburban areas. Not to mention, hunting for central land for sale is also a way to keep investors away from the “fast” land rush that occurs in the suburbs.
According to an industry expert, the land in the downtown area which is directly under the province always has its own charm. Currently, the sale of real estate in the center of Ba Ria – Vung Tau is in full swing as real estate liquidity is quite good. Almost every new project that comes out is easy to sell, easy to rent, because the real demand is high, accounting for about 50-70%. It is also an advantage for investors with good financial flows to quietly find investment opportunities in the central area. Because, however, the investment is ultimately sold for real housing needs. If the real demand in the area is high, it means that investors’ cash flows are safe, risk is limited, and profit margins are stable.
“Currently, land funds in the city center under the province are always scarce, so investors have to drift to the outskirts of the city in search of investment opportunities, but ultimately to trade, do business, study or work. Housing in the city center is always sought after. High real estate values are still in busy residential and commercial areas,” said this expert.
New supplies are getting scarce
Sharing the reasons, Ba Ria central land moving in early 2022, highly sought after by investors, represents the real estate business to share, infrastructure, including highways is a big plus for real estate area. Not to mention, real estate prices in provinces near Ho Chi Minh City such as Dong Nai and Binh Duong have risen sharply while in the administrative center of Ba Ria-Vung Tau, house prices are still relatively comfortable, attracting investors. For example, in the cities of Thu Dau Mot (Binh Duong) or Bien Hoa (Dong Nai), only “red eye” investors found products priced below 50 million VND/m2. Meanwhile, in the downtown area of Ba Ria such as Long Toan or Long Dien, the price is only around 25-40 million VND/m2.
Further, the market received more positive information, investor sentiment was more excited. Moreover, in the period after the Lunar New Year, the mentality of asset accumulation prior to inflation risk also made the real estate market bustling again.
According to real estate expert Tran Khanh Quang, suburban real estate investment opportunities are still good today, where, plots of land in areas such as Binh Duong, Dong Nai, Long An, Ba Ria – Vung Tau… are huge. In which, 70% of investors still want to “put money” on the ground.
In fact, the market has seen a lot of individual investors get rich investing in land, and especially, despite the pandemic, the level of interest in land plots is still high, proving investors’ appetite for land, this segment is still very strong. For this segment, the most influential factor is infrastructure, followed by the ability to attract residents. Infrastructure, especially roads, will have a strong impact on real estate values. For public attraction, the central area, close to the center, with adequate infrastructure and utilities, is still a fertile “land” for investors.
Mr Troy Griffiths – Deputy Director General of Savills Vietnam also said that the limited supply in Ho Chi Minh City has motivated buyers to expand investment in other provinces. Therefore, 2022 will be an interesting year to see expansion into neighboring provinces and investor resilience.
According to the latest February 2022 report from Batdongsan.com.vn, provinces adjacent to Ho Chi Minh City such as Binh Duong, Ba Ria – Vung Tau, Long An, Dong Nai all received strong growth in search queries. , increased by more than 50%. Where, odd types of land and project land have increased interest and the number of listings for sale in many places.
As soon as Ho Chi Minh City and the southern provinces reduced the distance (October 2021), Ba Ria – Vung Tau was the leading market in attracting buyers of land lots and townhouses with a 73% increase, according to the newspaper. .com.vn. Especially in the city of Ba Ria, the number of land applications received by the end of 2021 has increased 3-4 times compared to October 2021.
However, according to experts, investors also need to pay attention to legal factors before paying for land in areas near Saigon. Clear legal real estate, complete infrastructure, surrounding residential area will have the advantage of price growth and reduce risk for investors.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
