Thanks to the leverage of infrastructure, suburban villas “heat up”
In April 2022, the demand for villas and adjacent houses on the online market increased by an average of 7% across the country. In which, many provinces have a strong increase in searches of this type, notably Quang Nam up 167%, Hung Yen up 43%, Khanh Hoa up 18%, Quang Ninh up 14%.
The supply of villas and townhouses nationwide also increased by 17%. The selling price of villas and townhouses also increased significantly, especially in the districts of Hanoi and Ho Chi Minh City. The selling price of villas and adjacent houses in Gia Lam, Hoang Mai, Hoai Duc (Hanoi) increased by 82%, 46%, and 39%, respectively. This index in Tan Binh, District 7, District 9 (HCMC) also recorded an increase of 60%, 35% and 25%, according to data from Batdongsan.com.vn.
In the first quarter of the past, the primary supply in the Ho Chi Minh City market was restored after a long time of supply shortage in this segment due to the complicated situation of the Covid-19 pandemic. According to Savills, this growth comes from the effective vaccination plan, thereby promoting new supply as well as restoring the sales plan of investors. Specifically, primary supply reached nearly 490 units, up 23% QoQ and 3% YoY.
New supply in the first 3 months of the year was recorded from 10 newly launched projects and the next phases of sale of 2 existing projects in the old District 9, District 12, Tan Phu District, Binh Chanh District and District 2. Old Thu Duc district.
According to Savills, by the end of 2022, the supply of villas/townhouses is 1,130 units/plots expected to be offered for sale, of which 56% comes from big investors such as Vingroup, Masterise Homes, Khang Dien, Keppel Land and Keppel Land. Dai Phuc Group. In particular, projects are developed in closed complex urban areas with high density of green space and full facilities to meet the needs of homebuyers after the Covid-19 pandemic.
As for neighboring localities such as Dong Nai and Binh Duong, Savills noted the tendency of investors and buyers to expand investment in these provinces in the context of affordable housing supply in Ho Chi Minh City. rare.
Mr. Troy Griffiths, Deputy General Director of Savills Vietnam, assessed: “The supply of townhouses in Ho Chi Minh City continues to be low, so housing demand is gradually moving towards neighboring provinces such as Dong Nai and Binh Duong. Thanks to infrastructure development and abundant land fund, land-based real estate projects in Dong Nai reached 85% and Binh Duong reached 67%. However, the market shows signs of speculation with about 65% of buyers buying for investment rather than real demand.
Why do investors prefer suburban villas?
Commenting on the change in behavior of homebuyers today, Ms. Ginny Nguyen, Senior Manager of Housing Sales Department Savills Ho Chi Minh City, said that after the Covid-19 pandemic, the housing demand of a group of customers Middle-class and well-off customers in Vietnam have switched to real estate with an area larger than their current house, surrounded by many green and private spaces, not concentrated in densely populated areas. .
“With a certain budget, most of these customers often look for products in the vicinity of Ho Chi Minh City such as Dong Nai or Binh Duong to optimize costs. Therefore, in the past time, luxury villa products with the price range of 30-40 billion VND were “sold out” during the opening time,” commented Ms. Ginny.
Besides, she also said that after the epidemic period, the demand for luxury land-based housing products became higher than ever when the new supply was increasingly limited and few new projects opened for sale.
Ms. Ginny Nguyen, Senior Manager of Housing Sales Department Savills HCMC.
A representative of Savills said that although the selling price of townhouses in Ho Chi Minh City is currently at a relatively high level, there are still many customers interested in buying to live and invest. For example, a project in Thu Duc City has now opened for sale in 2 phases with a record high announced price from 370 million VND/m2 for townhouses or commercial townhouses. The sales of this project recorded quite good absorption rate because the area is positioned to become the new center of HCMC.
Explaining the high rate of homebuyers for investment, Ms. Ginny Nguyen said that customers of these products already own a lot of real estate and are looking for new products in new potential markets. high price growth. Along with that, real estate in satellite markets is also purchased by customers as second and third homes for short weekend vacations with family with lots of green space.
“The market for development of villas and townhouses of satellite markets in the coming time will develop further because the central land fund for land house project development is not much and the licensing procedure for project development is limited. The new one is still slow. Investors will definitely shift resources to acquire clean land funds in satellite cities to develop projects in order to cut costs and catch up with trends,” the Savills representative added.
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