Through this route, real estate prices in Hoc Mon and Cu Chi “pop up” again.
Information about the project to expand Dang Thuc Vinh street in Hoc Mon district has just been completed after nearly 4 years of construction as a boost to the real estate market in the Northwest of Ho Chi Minh City (especially Hoc Mon District). .
Dang Thuc Vinh is one of the important traffic routes connecting Ho Chi Minh City through Binh Duong and Long An, so it always receives traffic. For many years, this road has been degraded, overloaded, flooded… making it difficult for people to pass through. This route has helped to upgrade the urban “face” here, as well as easier for the traffic situation of Binh Duong – Long An – Hoc Mon.
According to statistics from Cho Tot Nha website, the real estate market in the Northwest region of Ho Chi Minh City has recorded positive growth since the time after Tet. growth with an increase of 27% in February 2021 and 13% in March 2021. Especially with the opening and traffic opening event on Dang Thuc Vinh route in Hoc Mon district, the real estate supply is expected to continue to increase in the next few months. In Hoc Mon and Cu Chi Districts, the number of listings about houses and land dominates with more than half of the supply, while apartments are only a minority with 1% of the postings in these two areas.
Regarding the demand index, the amount of interest in buying houses and apartments in Hoc Mon and Cu Chi districts after Tet increased sharply by 86% compared to the low purchase at the beginning of the year, reaching 1.97 in March 2022, but still not reached a peak of 2.5 points as in the post-lockdown period in October 2021. However, this is also a quite positive signal and promises to continue to increase after the opening of Dang Thuc Vinh road. Besides, the number of contacts to make purchase and sale transactions also increased sharply in March 2022, with an increase of 40% and continued the upward momentum to reach the highest point in April 2022 – the highest level within 12 months. passed with 0.19 points.
The Cho Tot Nha report shows that, in Hoc Mon district, the selling price of all types of real estate has not changed too much when the price of apartments remains stable in the range of 17-18 million VND/m2 from October 2021. Up to now, house prices are listed at 32-34 million VND/m2 and land prices are in the range of 14-16 million VND/m2.
Similar to the trend of increasing and decreasing prices in Hoc Mon District, since Tet, Cu Chi District has not had too many special changes. According to statistics from Cho Tot Nha, the selling price of apartments is in the range of 13-14 million VND/m2, 23% lower than in November 2021 at 18 million VND/m2. House prices have remained at 16-17 million VND/m2 and residential land prices have been around 5-6 million/m2 since before the epidemic until now.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
