As noted by the reporters, for many consecutive days, especially on weekends, the flow of people constantly flocks to the coastal areas to hunt for land.
A broker in Ba Ria – Vung Tau, said that from the last week of October, many hunters started to contact the floor again to look for good projects and land. Targeted products are still land and resort apartments for investment.
“It is too early to talk about successful closing of transactions at this moment, but the market has recorded a marked increase in interest in buying real estate compared to the previous month. With this momentum, from now until the end of the year, there will be more new projects boldly selling and many investors will return to the market,” he said.
The warming of the real estate market of Ba Ria – Vung Tau also comes from relying on a little “big man”. Novaland Group has introduced to the market the Binh Chau Onsen project (Xuyen Moc district) with a scale of 309 hectares, of which 280 hectares are green forests, 11 hectares of natural hot mineral springs, 5 hectares of theme parks and 4 hectares of Water Park.
According to information from sales staff, this time Novaland offers more than 500 products for townhouses and shophouses, with the price of nearly 10 billion VND for townhouses and nearly 16 billion VND for shophouses.
Not far away, Phuc Dien Invest also launched Gia An Lakeside Project, with a scale of 3.44 hectares, including 213 products of adjacent land. Although not officially open for sale, the General Director of Phuc Dien Invest, said that the project received great attention in the market with hundreds of customers ordering.
In addition to Ba Ria – Vung Tau, Dong Nai is also a market of interest. Last weekend, when the circulation between localities in the South was completely smooth, Novaland’s Real Estate Transaction Center located in the Aqua City project in Bien Hoa was always in a state of crowded customers. In this offering, Novaland launched Sunharbor subdivision townhouses, priced at tens of billions of dong/product, attracting many customers.
Adjacent to Aqua City, Nam Long Group announced the Izumi City Integrated Urban Area Project on Nam Cao and Huong Lo 2 streets, TP. Bien Hoa Dong Nai). With a total investment of VND 18,600 billion, Izumi City has a scale of 170 hectares, providing many types of real estate such as apartments, townhouses, villas, grand villas…
A series of other projects in Dong Nai and Binh Duong such as Gem Sky World of Dat Xanh Group, Legacy Central of Kim Oanh Real Estate Company… have just launched a large source of goods to the market.
Don’t count ‘surfing’
According to Director of Real estate market place in the South region, the land fund in Ho Chi Minh City is not much, while home buyers tend to look for properties with quality and service factors. Services are increasing, requiring projects to have a full ecosystem such as schools, hospitals, parks… with reasonable prices. In order to implement such projects, in addition to strong financial potential, it also requires owning a large land bank.
In Ho Chi Minh City, it is difficult for investors to get a land fund of 100 – 200 hectares, even now, a few dozen hectares is not easy, the neighbouring province is still a “fertile” place in terms of land fund. . The move of businesses and investors to the vicinity of big cities is an inevitable trend of the market and will continue to explode in the coming years. This trend benefits both businesses and homebuyers.
Along with the shift of investors, home buyers and speculators moved along, creating an exciting wave for the real estate market in the suburbs of Ho Chi Minh City. the Senior Director of CBRE Vietnam, said that besides the scarce land fund and projects, the high prices in the central area also cause homebuyers to move to the suburbs to find opportunities to settle down as well as investment.
“Real estate is only a river apart, but in Ho Chi Minh City the price is 3-4 times higher than the neighbouring province, that’s why many customers come to the suburbs to buy. The inter-regional transport infrastructure system is continuously expanded and perfected, which is also a lever to help real estate developers be more confident when implementing projects in the suburbs, while homebuyers gradually change their culture.
However, some experts also recommend that, before landing on the market in the province bordering Ho Chi Minh City at this time, investors should not consider the “surfing” scenario, but must hold assets. It may need many years to hope to be profitable.
