“If Thu Duc City has apartments around 50 million VND/m2, it is considered a rare commodity”
“Accordingly, if there is still a supply of apartments of around 50 million VND/m2 in Thu Duc City at this time, it is a “rare product”, capable of attracting strong attention from people who have demand in living. People with real housing needs will understand that this is the remaining opportunity for them to find a place to live in Thu Duc City, meanwhile, investors will certainly have confidence in the profit level. great profit when assessing the potential for price increase of this area,” emphasized Colliers Vietnam expert.
Indeed, records show that, currently, new supply to the market in Thu Duc City is almost rare for apartments at the price range of 49-55 million VND/m2. Currently, at To Ngoc Van Street, Tam Phu Ward, there is a project called Fiato Premier developed by Thang Long Real Group, offering a price of around 50 million VND/m2. This is a primary supply with a rare price appearing on the market of Thu Duc City at this stage, attracting attention. It is known that the project has more than 400 products with high-end investment in technology, utilities and increasing green space.
Talking about the reason why the price offered to the market is more comfortable than the general real estate market in Thu Duc City, the representative of this developer said, offering a softer primary price than the area is to create opportunities for investors. investors buy in at an early stage. Not to mention, this is the first apartment line developed by the business in the chain of low-rise projects that have been invested before. Therefore, market recognition at the beginning is also essential.
Of course, in the future, apartment prices will continue to increase according to the general market and the investment of the project itself.
Mr. David Jacskson, General Director of Colliers Vietnam
According to the latest report published in March 2022 by Cushman & Wakefield, the average selling price of apartments in HCMC market reached 3,300 USD/m2 (equivalent to 75.4 million VND), an increase of 8% quarter-on-quarter and 27% year-on-year. In Thu Duc City alone, data recorded at the end of 2021 by batdongsan.com.vn shows that the average apartment price here is about 85.6 million per square meter.
According to Cho Tot Nha, mid-end apartment prices in Thu Duc City are the highest in HCMC and will continue to increase in the future. This is also the period when apartment prices in this area reached the highest peak in the past half a year.
Mr. David Jackson said that real estate prices in Thu Duc City continuously “set a new peak” in the last 2 months, the price has increased by about 7-15% compared to the time before Tet. This is the area where many projects of villas, townhouses and apartments in the mid- and high-end segments appear.
Currently, the supply of new real estate in Thu Duc City is mostly in the mid- and high-end segments. The average price of mid-range apartments is about 60-75 million VND/m2. Accordingly, the market in this area also has apartment projects priced at around 50 million VND/m2, according to experts Colliers Vietnam, which is exactly the “soft” price when compared to other projects in the area.
According to this position, in the context that the price of construction materials is increasing “dizzy”, buyers must also be “impatient” because they know that investors are facing pressure to increase project prices. How secondary prices will fluctuate depends on many factors such as the average momentum of real estate prices, demand, and market sentiment. If the majority of F2 investors do not experience a disruption in their cash flow for a reason such as the outbreak of the Covid-19 pandemic has passed, and are not required to quickly “exit”, it is likely that the secondary price will get a raise.
Mr. Jackosn, said that there are many factors that cause real estate prices in Thu Duc city to continue to increase in the future.
Firstly, Thu Duc City has been invested in developing many important and large-scale infrastructure projects such as metro line No. 1 (10 stations in the area), new Thu Duc bus station or City expressway. Ho Chi Minh City – Long Thanh – Dau Giay, Ring Road 4, Tan Son Nhat – Long Thanh Airport Expressway… It can be said that Thu Duc has convenient connections with many areas of Ho Chi Minh City and is also an important traffic hub. important to spread to Binh Duong, Dong Nai or Vung Tau.
Secondly, with the presence of high-tech and ecological technology centers, many high-rise buildings, villas, townhouses … new modern style and excellent design, integrating many smart solutions… City Thu Duc is and will be attracting more people from the middle class, upper class, foreign experts to live and work, contributing to a strong demand.
In the “price storm”, buyers eyes tired looking for apartments with prices around 50 million VND/m2 in Thu Duc City.
In addition to the planning information, the belief in the future of Thu Duc City of people with real housing needs, investors and investors is one of the important reasons for the rapid increase in house prices. Projects like Thu Thiem international center make people’s trust even more grounded. It is impossible not to mention the continued limited supply in the market and it is expected that this situation will continue in the near future.
Cho Tot Nha also pointed out that, in terms of demand for apartments in the East area, the index of search volume increased in the same direction as the supply of the market, with a growth rate of 27% respectively for District 9. and 19% for Thu Duc District. This proves that the demand for the apartment segment in the two areas is still very large and it is likely that the current supply is not enough to meet it.
“Not only the amount of interest increased, but the actual contact to conduct the transaction also accelerated strongly. The speed of contacting transactions to buy and sell apartments here has increased rapidly since the beginning of the month and reached the highest level within 6 years. last month”, Cho Tot Nha said.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
