Shophouse podium is warmly “hunted” despite its high price and small supply, accounting for no more than 5% of the total number of apartments in the project.
According to experts, the lack of supply is the reason why shophouse prices have continuously established new ground over the years. Currently, the average price is about 6,675 USD/m2 (equivalent to nearly 150 million VND/m2).
In fact, the market proves that the value of shophouse apartments can increase by 15-30% per year (depending on the project and location). Meanwhile, the market demand is increasing with absorption rate up to 96%. Profit from shophouse rental can reach 8-12%/year. This explains why, shophouse is always the type that is sought after by investors.
For example, recently, at the Westgate complex (Binh Chanh, Ho Chi Minh City) of An Gia Group introduced to launch 12 shophouses, which immediately received considerable attention from investors. Because this product is arranged with 5 street fronts close to the existing utilities in the center of Binh Chanh, meeting the ability to exploit business and access a huge number of guests from the project and the surrounding area, it causes get attention. At the same time, because the investor commits to a profit of up to 18%/year; interest rate support, principal debt grace and only 15% payment and stop until the end of 2023… should be of interest to investors when launching.
Or before that, the type of shophouse belonging to Vinhomes Grand Park (Thu Duc City) offering a limited number of apartments also attracted the attention of investors. Due to the scarcity of supply, while meeting the two needs of living in combination with trading and leasing, creating direct profits, this type of business when introduced to the market is immediately interested by investors.
Khan supply, shophouse apartments are in demand
According to experts, shophouse is creating great attraction compared to other types of real estate products. In particular, when the epidemic is under control, the demand for ownership and rental of premises increases, so podium shophouses in high-rise apartment buildings are increasingly sought after by their scarcity and high liquidity.
It is estimated that in 2022, the number of new apartments in the HCMC market will be about 20,000 units. Although there are signs of recovery, the shortage of apartment supply continues. In particular, the number of shophouse apartments usually only accounts for a very small percentage, usually no more than 5% of the total number of apartments in the project.
In addition to the scarcity, the factor that makes shophouse an investment channel that is sought after by investors is because it possesses the “3 in 1” advantage: both for living, doing business or renting business without having to spend renovation costs.
Because it is both “precious” and “rare”, according to experts, the liquidity of this type is quite good.
The latest report of Cho Tot Nha shows that the number of shophouses for sale in Ho Chi Minh City recorded a positive signal when it grew strongly in March 2022 with an increase of more than 50% compared to a month earlier and increased 20% compared to the time before Tet. In general, the number of posts in each region increased by 25% or more, of which the West and the South had the strongest bounce with an increase of 86% and 71% respectively.
Regarding the index showing demand, the amount of interest in buying a shophouse in March 2022 reached 1.81 points, an increase of 81% compared to the time before Tet. Meanwhile, the volume of communication for transactions has recovered quite well and stably since the beginning of 2022, with an average increase of 50% in March 2022 compared to the first two months of the year.
Notably, the number of shophouses posted in Binh Chanh district increased dramatically in the period after Tet when the supply in March 2022 doubled compared to February 2022 and nearly quadrupled compared to February 2022. post-translation period in October 2021.
According to industry experts, Shophouse occupies the most favorable locations for business in buildings. The “golden” location and smart design make this type of apartment very suitable for renting as shops, foreign language centers or offices, businesses.
Even in tough times like during the severe outbreaks of the Covid-19 pandemic, shophouse owners can still get revenue by converting functions, allowing businesses to operate online. sublease (such as an online learning service provider, a technology enterprise, etc.). Rental income can reach 12%/year.
In addition, owners of shophouses, depending on their needs, can consider living options or using them for business purposes, which is very flexible.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here
