Mid-range real estate dominates the market

24/07/2017   Viewed: 519
Real estate market in the first half of 2017 maintained relatively stable growth. In particular, mid-end apartments are still the market segment with large supply and attract the attention of investors and home buyers.
 
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Lead the survey report of SocialBeat (The system of listening, analyzing and supporting information processing social networking), Association of Real Estate Vietnam said that from 1 / 1-18 / 7/2017, Real estate and condominiums are the two most discussed segments of the social networking industry, accounting for 35% and 22% of the total, respectively.

Remarkably, in the condominium market, low-end apartment segment attracted a lot of interest, accounting for 47.4% of the total searches. Among them, the most attention is apartment location, utility system, delivery time, house purchase policy ...

According to the Vietnam Real Estate Association, in the second quarter of 2017, real estate transactions increased slightly compared with the first quarter.

As the number of transactions in key markets has increased again, projects by reputable developers, projects with facilities and infrastructure or the ability to take advantage of the bus routes. Fast (BRT), railway overhead also recorded high levels of liquidity.

In terms of trading volume, according to the statistics of the members of the Vietnam Real Estate Brokerage Association in Hanoi, Ho Chi Minh City, Da Nang and Nha Trang, in the second quarter, trading was up 13.7% over With Q1, in which in Ho Chi Minh City and Hanoi, mid-end apartments still occupy the largest trading volume.

In the second quarter, Hanoi reported that more than 6,700 apartments were opened for sale. Apartment supply was mainly in the Northern districts of Tu Liem, Nam Tu Liem, Ha Dong, Hoang Mai and Thanh Tri districts, accounting for 63% of total new supply.

With a large supply, the mid-end segment of the market has many projects being offered in the second quarter such as T & T Riverview, Viet Hung Green Park, Ecolake View, Imperial Plaza.

According to the aggregate data of the Vietnam Real Estate Association, total apartment market transactions in Q2 / 2017 in Hanoi reached 5417 apartments, equivalent to 406,240 m2. The total trading value was equivalent to 11,375.2 billion dong. Leading the market was low-cost housing, accounting for 55% of total transactions in the quarter.

Ho Chi Minh City recorded the number of apartment transactions in QII / 2017 reached 9,827 apartments, equivalent to 751,385 m2. The total trading value reached VND 25,889.85 billion. Leading is still the middle-class segment, accounting for 47% of total market transactions.

The middle segment is also the main source of HCMC market. This supply is mainly concentrated in the East, South and West of the City. Typical projects include The Art, CitiOlo, LuxGarden, Celadon City, Green Town Binh Tan, Sun Square, Conic Skyway Residence, The Golden Star ...

Forecast optimistic about Hanoi and Ho Chi Minh City

Vietnam Real Estate Association said in the remaining two quarters of 2017, the number of new apartments completed in Hanoi is expected to reach more than 20,000 units, with 50% of the middle segment. The western and southwestern areas of the city will continue to dominate supply and lead the market.

Real estate experts expect that along with the excitement in other market segments, in the remaining months of 2017, especially at the end of the year, transactions in the mid-end segment of the market The Hanoi market will be better when a number of projects from branded investors such as Vingroup, Eurowindow ... are ready to launch large number of middle-class housing market. This is a segment with great demand that the market is waiting for, so the market is expected to be active in this segment and good liquidity.

In HCMC, the supply of apartments in the remaining months of 2017 can reach between 25,000 and 27,000 units.

Improvements in infrastructure such as Nguyen Van Cu Bridge and Nguyen Tri Phuong Bridge with Vo Van Kiet Avenue and public facilities such as Children's Hospital 3 in Binh Chanh District will attract market attention. West of the city ...

Real estate transactions in Ho Chi Minh City are expected to continue to increase, will grow both the tendency to buy investment and to stay. The average segment will be the segment that attracts investors' attention.
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