Kinh tế

Worried about the market’s liquidity loss, ‘locking’ the starting price of Sam Son gold land, haunting the sea of ​​’house for rent’ in Hanoi’s old quarter

Latest real estate: Van Don industrial cluster.  (Source: Vietnamnet)
Latest real estate: Quang Ninh established Van Don industrial cluster. (Source: Vietnamnet)

If inflation occurs, real estate prices will increase but “freeze” trading?

According to experts, when inflation occurs, although real estate prices increase, the market often cannot afford to buy, and there is no liquidity.

Right in the first months of the year, the pressure to control inflation in Vietnam has become an important issue raised in macroeconomic management. Data from the General Statistics Office (Ministry of Planning and Investment) shows that, on average, in the first two months of this year, CPI increased by 1.68% over the same period last year, core inflation increased by 0.67%.

According to analysis by economic experts, 3 main reasons for inflation this year include a sudden increase in aggregate demand during the period when the economy recovers from the pandemic; the dependence of the Vietnamese economy on imported raw materials; and disruption of global supply chains.

This year, Vietnam sets the CPI target to increase about 4%. At the time of January, this goal was judged to be completely within reach. However, after the sudden fluctuations of the world economic – political situation, this goal became a big pressure.

In the context of high inflation concerns, which channel to invest in is a headache for many investors. With the real estate channel, experts say that if inflation increases this year, the pressure to increase real estate prices will also be great.

An analysis by Savills World Research has shown that, if inflation occurs due to economic growth (demand-pull inflation), the demand for real estate will be pushed up and help increase the value of real estate.

However, if inflation is driven by costs such as raw materials, rising labor costs (cost-push inflation) will lead to a constraint on the supply of real estate. Cost-push inflation is also difficult to predict, often due to unforeseen events such as the environment, geopolitics, etc.

According to Dr. Su Ngoc Khuong – Senior Director of Savills Vietnam – in the face of fluctuations such as conflicts, epidemics, and financial crisis, there are three major asset havens, namely oil, precious metals and real estate.

In particular, in Vietnam, in recent years, the supply of residential real estate is very limited. People mainly invest in land, while residential real estate products including land and properties on land account for a lower proportion.

Therefore, Mr. Khuong said that in the context of world economic and political instability, rapid inflation and tight supply, the real estate market, including the residential and commercial segments in Vietnam, is evaluated. price will increase significantly in the coming time and is an investment channel to help reduce risks in the context of inflation.

However, the senior director of Savills Vietnam also emphasized, when inflation occurs, although real estate prices increase, the market cannot afford to buy, there is no liquidity.

At the same time, many investors also use financial leverage to invest in real estate, making low-liquid assets a great burden for them as well as putting pressure on the banking system.

Sharing the same view, many professional real estate investors also recognize that real estate investment planning calculations at this time are very necessary because this year, inflation pressure on the economy is huge.

From the perspective of the whole market, Mr. Nguyen Van Dinh – Chairman of the Vietnam Real Estate Brokers Association – said that from the beginning of 2022, although the epidemic situation was still complicated, the market was hot in all regions. Real estate transactions are still quite active, businesses are also very excited.

However, in the long term, we will still face many crises, with inflation pushing up real estate prices, so real estate in 2022 will be quite harsh.

The land of hot sauce is everywhere, the old town giants embrace the ‘golden land’ to bury billions

The old town area is always considered the “golden land” of the capital with expensive facades and a large number of tenants.

However, over the past 2 years, due to the Covid-19 epidemic, this area has become desolate, lacking tenants. Although Hanoi returned to the “new normal” state, reopening to tourists from March 15, the old town’s premises were still in a sluggish state.

The above information VietnamnetMany shops in the old town have reopened, however, there are still many premises in beautiful locations still looking for tenants, hanging signs “house for rent” on Hang Ngang, Hang Ma, Hang Dao…

A small trader on Hang Ngang Street shared: “Since the appearance of the Covid-19 epidemic, there are few tourists, almost no international visitors, while the premises are expensive, so it cannot be maintained. Up to now, there are not many tourists, so many people still do not dare to invest in the old town even though the price has decreased by 30-50%.

Another owner of a premises on Hang Ma street said: “In the past, this person was out of rent and someone else ‘jumped’ in to rent, until now, I receive many calls but only ask for the price, not rent.”

Signage for rent in Hanoi Old Quarter.  (Source: Vietnamnet)
Shop for rent in Hanoi Old Quarter. (Source: Vietnamnet)

Thanh Hoa ‘closes’ the starting price of hundred billion gold land

Vice Chairman of Thanh Hoa Provincial People’s Committee Nguyen Van Thi has just signed a decision approving the starting price for auctioning land use rights for the project of Urban Residential Area and Sam Son Trade Center, in Truong Son Ward, Sam Son City. .

Accordingly, the auction land area is 8,092 m2, including the residential land area for construction of a mixed-use apartment building with 50 floors and 4 basements of more than 4,883 m2 and the construction land area for 17 adjacent houses with 5-storey height. 9 floors and a basement over 3,208 m2.

The project has a total investment capital approved by Thanh Hoa Provincial People’s Committee on July 23, 2021, which is more than 3,000 billion VND.

The purpose of use is residential land in urban areas allocated by the State with land use levy. Investment projects approved by competent authorities for a maximum of 50 years, counting from the date the People’s Committee of Thanh Hoa province signs the decision recognizing the winning results of the auction, buyers of houses attached to land use rights may use the land use rights. long-term stability.

The starting price for auctioning the right to use this land is more than 222 billion VND. This specific land price is determined on the condition that the investor must fulfill all obligations specified in the approved land use right auction plan.

The starting price for auctioning the above-mentioned land use rights is valid for 6 months from the date of approval and is determined for land use purposes and targets according to the detailed construction planning at the rate of 1/500. Urban residential area and Sam Son commercial center.

In case the winning investor of the land use right auction applies to change the land use purpose or change the land use criteria according to the planning, the difference between the land use levy and the State budget shall be determined at the time of acquisition. authorized State agencies according to regulations.

Provincial People’s Committee assigns departments, branches and People’s Committee of Sam Son city to perform their assigned functions and tasks.

At the same time, the Provincial Police were assigned to actively coordinate closely with the People’s Committee of Sam Son city in ensuring security and order at the auction.

Quang Ninh establishes Van Don industrial cluster

Quang Ninh Provincial People’s Committee has just decided to establish Van Don Industrial Complex in Doan Ket Commune, Van Don District, invested by Phu Thinh Van Don Joint Stock Company, with an area of ​​53ha, investment capital of over 486 billion VND. .

The industrial cluster is divided into 4 zones to develop industries including: Food production and processing; beverage production; production of costumes, production of shoes and sandals; manufacture of leather and related products; wood processing and products from wood, bamboo; industrial gas production, production of drugs, pharmaceutical chemicals and pharmaceutical materials; other processing and manufacturing industries; repair, maintenance and installation of machinery and equipment, manufacture of metal products; metal processing services in the direction of industry chain links…

Along with that, the goal of Van Don industrial cluster to serve the relocation of handicraft establishments that cause environmental pollution or are not suitable for urban planning must be relocated in the district according to Resolution 201 /2019/NQ-HDND of the People’s Council of Quang Ninh province on July 30, 2019.

Regarding the progress, from the fourth quarter of 2021 to the second quarter of 2022, the planning and approval of detailed construction planning will be organized, compensation and ground clearance will be organized, support for relocation of households, completion of procedures will be carried out. land allocation and land lease. Quarter III/2022 – Quarter IV/2023 will conduct ground leveling of industrial clusters, investment in infrastructure construction; and from the first quarter of 2024 will attract secondary investors.

The project’s operation period is 50 years from the date the industrial cluster was established.

In this decision, the People’s Committee of Quang Ninh province required the investor to build the technical infrastructure of the industrial cluster to make a table of the overall implementation progress of the project after the provincial People’s Committee established the industrial cluster and submit it to the People’s Committee of Van Don district. approved in March 2022 to serve as a basis for implementation and organization of management and supervision.

Complete documents on investment procedures, construction, environmental protection, land use, deposit to secure the project according to regulations… to implement the investment project to build technical infrastructure of the industrial cluster according to regulations.

During the implementation process, if the investor fails to carry out the project to build technical infrastructure after 12 months from the date of establishment of the industrial cluster or stops the implementation; 12 months behind the project implementation schedule in the decision to establish the industrial cluster, the Provincial People’s Committee will consider extending it or decide to choose another investor…

The People’s Committee of Quang Ninh province also assigned the People’s Committee of Van Don district and departments to supervise the project’s implementation. At the same time, handover and convert the defense land area within the project scope in accordance with the regulations and opinions of the Ministry of Defense…

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