Four shots for the real estate market in Saigon last year

21/11/2017   Viewed: 959
The growing urban land fund, along with the large demand from the middle class, is adding to the real estate market.
In the report of the real estate market announced in early November, 1977, HCM City Real Estate Association Chairman Le Hoang Chau said that in the remaining months of 2017, the market will accelerate and reach the target. impressed by the positive factors.

Land for urban development promises to increase
Ho Chi Minh City is studying to shift the purpose of using about one third of the agricultural land fund into industrial land, services, urban land, smart urban construction. This is the basis and motivation for developing the real estate market in the medium and long term.
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HCMC real estate market is expected to break through strongly in the last months of 2017. Illustration

Population gold opens new real estate trend
Vietnam has a population of over 93 million people in the golden population stage. Nearly 60% of them are under the age of 35, with about 50 million internet users, accounting for 53% of the population (46.64% higher than the world average). With this population base and rapid urbanization, large-scale urban areas such as Ho Chi Minh City are opening up the possibility of diversifying real estate business. The current trend is to take advantage of information technology in the digital age as a foundation for the development of real estate.

Middle class - potential demand
The middle class is growing strongly. For Ho Chi Minh City, the per capita GDP is expected to reach $ 5,000 by 2020. This will be a big boost to the demand for homebuilding. housing, and development of urban real estate market over 10 million people.

Ho Chi Minh City's regional connectivity is extremely strong
Ho Chi Minh City's real estate market is now out of the administrative boundaries of the city and there is a strong wave of spillover. Initially, this trend has intensified in districts of neighboring provinces with a radius of near Saigon. Then, the spread to the territory of "Ho Chi Minh City" includes Dong Nai, Long An, Binh Duong. This impressive regional connectivity creates more demand, broadens and stimulates market growth.

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