Land and housing in the vicinity of Ho Chi Minh City are fluctuating

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Land and housing in the vicinity of Ho Chi Minh City are fluctuating

Update: 2018-08-09 14:31:58

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Category: News Land Vietnam

Type: News Land Vietnam

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Land near HCMC is fluctuating before her soul

Land near HCMC is fluctuating before her soul

Recognition of the sale of land at some "hot spots" in the coastal areas for rent of the complex, showing that prices began to decline noticeably. However, the situation of people watching the land, buying land has improved over the past two months.

Before July lunar month (the soul of the soul), the land near the city of cho thuê nhà nguyên căn biên hòa is clearly fluctuating. Survey in residential areas (KDC) in the vicinity of Ho Chi Minh City, the land has a red book, the price has leveled off or reduced from 30-100 million / base (depending on the location).

In Q.9 and Q.2, KDC land plots have fallen in some places. At Phuc Long residential area (Truong Luu street, Long Truong ward), the price of red book has decreased from VND 36 million / m2 (April 2018) to VND 32-33 million / m2. In an area near the KDC, prices have fallen by more than 3 million VND / m2 compared to the time of hot land.

At Nguyen Duy Trinh (District 2), residential land prices have also stabilized, keeping prices down or decreasing 2-3 million VND / m2 compared with the previous 3 months. VND 37-40 million / m2. Even, as noted, some land prices fell from 250 million VND / floor compared to 2-3 months ago. In addition, the new projects open at this time also at the lower threshold of the old site from 5-6 million m2.

Meanwhile, in the district of Hoc Mon, Cu Chi, investors (investors) began to run away from the market. According to the business community here, both residential and agricultural land prices have fallen 15-20% compared with April 4/2018. Tan Thoi Nhi (Hoc Mon), Hoa Phu, Phu Hoa Dong, Trung An (Cu Chi) ... land price has dropped sharply compared to some months ago.

However, there is a noticeable phenomenon in the coastal market at this time, that is the number of serviced apartment in bien hoa buyers in real estate and investors going to see the land tend to increase. In particular, most of them go "detect" the price of land before the soul to make decisions later.

The land near the city of Ho Chi Minh City is fluctuating before her soul - Photo 1.

Mr Vu Van Thanh, a resident of Cu Chi District, said that at present, the price of land has leveled off, also the time when both buyers and investors returned to determine the value of the market. Even so, many people are willing to down the money at this time to soft price because the idea that through July lunar month price can light up the general trend of the market until the end of the year.

Recognized at the hot spots such as District 9, Cu Chi District, Hoc Mon ... After about 2 months of silence, the air open selling as well as the number of people go to see the land has increased. In addition to the new projects offered, the land under the old project has a red book more attention. According to real buyers, this time is the opportunity for them to make a decision to own housing because prices have leveled off, market movements stable compared to a few months ago.

However, according to buyers, the price has stalled but still far exceeds their financial ability. Most people in the real world have to use financial leverage to own the land.

Vo Quoc Viet, a freelance broker at cheap rent in Bien Hoa, said that the month of the land market is generally bleak than the rest of the month. However, it is at this time that buyers of land will have the advantage of price and incentives from investors. There is a reality that took place years ago, that is despite the fall in her soul but real estate transactions are still normal. Enterprises are still picking up the purchasing power.

For this year, in addition to the impact of the heat from the past fever is also partly due to limited market supply, so the phenomenon of buying in the market is not clear. However, according to Mr. Viet, purchasing power still quietly took place in the project with good price and location. Particularly, at this time, new land sale projects have been selling well since they aim at the end of the year.

Mr. Pham Lam, General Director of cho thuê nhà giá rẻ tại biên hòa also said that from the time until the end of the year, the land is still a segment of many investors interested because of the advantages of profitability and psychology of land ownership of people always exist. However, before the market fluctuations, investors should be careful to limit risks in the investment process.

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