In the second quarter, Hung bought a house in district 1, HCM City 1.3 billion, early in the third quarter has fallen 1.8 billion.

07/11/2017   Viewed: 647
The house has a modest land, 25m2 in the alley Tran Dinh Xu. Structure of a ground floor, a mezzanine, a floor, total floor area of ​​less than 65m2, built nearly a decade ago. Homeowner offers soft price 1.3 billion, full legal.
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Mr. Hung shared, he decided to flash, almost as soon as the broker announced immediately to see the status quo, legal inspection is finished the deposit right. "I rushed for a quick race because it was not easy to find a townhouse in the center of Saigon at the same price as the apartment," Hung explained.

Two months later, this investor has sold the house has bought in the second quarter of 2017 with the price of 1.8 billion, bringing the profit of 500 million. This is Hung's third-best-selling mini-market and resale. All of them are bought fast and sell in 3-6 months, the longest held goods for no more than a year. On average, with each sale, the net profit of 300-500 million dong / unit, the expense of three business transactions from the beginning of the year to bring this investor a profit billion.

Also preferring the trafficking of 1.5 billion VND a house down, over the past 10 years, Mr. Can (Thu Duc) kept the habit of hunting small area in all districts 5, 6, 10, 11, Binh Thanh Phu, Phu Nhuan, Binh Tan, Tan Phu for resale. Wherever you believe to sell a small, legal full is Mr. Need to pursue again, hunting to gather for experience shows, what kind of profitable business.

Over the past decade, this investor has traded quite a few street-and-street products in a quick and short-lived way. 80% of the deals went hands-on in 6-12 months, while the remaining 20% ​​were slower but better off, with better earnings than bank interest rates and asset appreciation through land fever.

Mr. Need to disclose, Sai Gon townhouse market has a strange paradox is that the buyer although the money but still prefer home land is no different than the giants prefer villas, townhouses. They are heavy-handed, the street is more spacious than the modern apartment building.

Therefore, there are quite a few people willing to accept the land area of ​​only 15-18-25m2, alley, narrow space, as long as there is a certificate of land use rights and home ownership, The location is convenient and functional (kitchen, sanitary, parking, bedroom). This is why the mini-town became a fast-selling, fast-trafficking, even profitable market.

There are nearly ten years of legal counsel in Ho Chi Minh City, experts Nguyen Tan Phong confirmed in the market there are many traders filtered core lightning hunting mini houses price of 1.2-1.5 billion , then reselling, profit of hundreds of million just after a deposit.

Cause there are some investors living healthy with this niche market, according to Mr. Phong, because there are not many cheap houses, sold at the threshold of 1.3-1.5 billion / unit. The cyclical land fever in decades has gradually pushed the price of real estate beyond the reach of many people. Therefore, the mini town has legal full, clear origin (usually due to the history of land clearance compensation, urban renewal), the price of over one billion and under 1.5 billion Still, the market is quite private.

If a townhouse area of ​​20-25m2 or less is built a ground floor, a mezzanine or an additional floor, the area is still used for all functional rooms: guest, kitchen, bedroom, toilet and a place for motorbikes. Most of this type of house is being used by the homeowner to live or lease with good profit margin. For this reason, the traffickers have two options are quite popular. One is to sell interest rates of several hundred million dong each. Two are for rent, waiting for the opportunity to increase prices for sale in the medium and long term.

According to Mr. Phong, the advantage of the mini-street traders is that the total value of assets is not too high compared to the product line of urban houses that are extremely expensive. Thanks to the soft price, for those who have modest budget but prefer at the townhouse is a suitable choice.

However, the disadvantage when selling this type of small town is not cheap. One of them is that houses with very small land area are often not accepted by banks. Most bank accounts have an unwritten law that will drop real estate with a plot area of ​​20m or less right from the initial evaluation round.

In fact, this unspoken rule is said to have cleared more than 10 years ago. A decade ago, the type of townhouse built on a 30 square meter plot of land was denied the mortgage.

The reason banks refuse to lend collateral is small area townhouse is concerned that the purchasing power of this type of property is lower than the house of the area of 35-40m2 or more. Another reason is that land with an area of 15-20m2 or less often faces some restrictions related to construction permit regulations, building blocks.

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