Real estate in Ho Chi Minh City in 2022, what are the favorable factors for investors to "catch the wave"?
The Global City – The real estate market in Ho Chi Minh City in 2022 is considered to be optimistic, with factors supporting strong growth. Many investors are waiting for the wave of projects to be launched in the market.
Many real estate businesses launch products
According to experts of DKRA, in general, Ho Chi Minh City real estate market in 2022 will have a clear recovery in some segments. In which, the apartment segment received a large supply of 25,000 - 30,000 units.
Demand in this segment is forecast to increase compared to 2021, but still quite low compared to the period before the outbreak in 2019.
In Ho Chi Minh City, the new supply is mainly concentrated in Thu Duc City. Grade A and Grade B apartments lead the market, while the supply of Grade C apartments continues to be scarce. Luxury apartments increased sharply and could establish a new price ground.
As noted by PV Dan Viet, after the 2022 Lunar New Year, most investors have begun to release products, the real estate market shows signs of appearing in some areas.
In 2022, Ho Chi Minh City is forecast to receive from 25,000 to 30,000 apartments.
Currently, a series of projects are being offered for sale by investors, creating an exciting transaction atmosphere. In the South Zone, prominent investors such as Phu My Hung, Hung Loc Phat, Gotec Land, Keppel Land...
In particular, Nam Long Group introduced at the same time two subdivisions located in the integrated urban area Mizuki Park with a scale of 26ha on Nguyen Van Linh Boulevard.
While in the West, the new supply is considered to be limited, but the market still shows signs of improvement. Accordingly, after a period of silence, at the beginning of the new year 2022, the West area has shown signs of movement when some investors are preparing to release new sources of goods to the market.
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According to information from Nam Long Group, coming here, the enterprise introduces the market of Flora Akari City luxury isolated apartments (phase 2 of the Akari City 8.5 ha project) in Binh Tan district with about 1,600 apartments .
Previously, in December 2021, this project handed over phase 1 with 1,800 apartments. Thus, this is also considered a "rare" new supply after the Lunar New Year introduced to the real estate market in the West of Saigon.
Previously, this area had a number of projects such as Moonlight Center Point, High Intela, Topaz Elite, D-Homme; Asiana Capella, Western Capital, Missile Zone project… but all are old carts from years ago.
In the context of the supply and land fund in Ho Chi Minh City increasingly depleted, the signal of new supply in early 2022 opens up hope for the real estate market of apartments in Ho Chi Minh City.
Mr. Tran Dinh Long (a real estate broker in Ho Chi Minh City) shared: “The days after Tet, the market is quite active. Many investors introduce products to the market, so customers have more choices. I have just successfully introduced two customers to buy Moonlight Center Point apartments of Hung Thinh”.
The 2022 market has many positive signs
Mr. Pham Lam - Vice Chairman of the Vietnam Real Estate Brokers Association said that the Ho Chi Minh City market in 2022 is considered optimistic and attractive, with factors supporting strong growth.
Specifically, in 2022, the policy on public investment, increasing disbursement for transport infrastructure projects is the driving force to strongly promote the development of the real estate market. Import-export and FDI activities in 2021, although decreasing, are still positive, leading to industrial and logistics real estate, thereby indirectly leading to the development of residential real estate.
The market in 2022 is assessed to have the strength to bounce back in terms of supply and demand.
Besides, the stock market, despite many fluctuations, still has great potential for development. This is a market that is directly related to the real estate market.
Mr. Lam said that mechanisms and policies in improving legal procedures and solving problems with real estate projects are also being promoted, which is expected to be positive in 2022. impact on market development,
Next, the Ministry of Construction is strengthening the national housing program for the period of 2021 - 2025 and towards 2030, focusing on housing for workers and social housing and affordable housing. This is also the driving force for the development of the real estate market.
In addition, in the context that the anti-epidemic sentiment has begun to stabilize and adapt, many opportunities for domestic and foreign tourism markets expand. That is also a positive point.
Real estate is still an attractive investment channel.
Another factor is that lending interest rates are at an attractive level, many investors can use financial leverage to participate in the market, thereby helping real estate investment activities to prosper.
“After a long time of the epidemic, the market is recovering in terms of supply and demand. In the coming period, the market has a more sustainable development. On the investor side, real estate is still an attractive investment channel, a cumulative asset deeply ingrained in the psychology of Vietnamese people. Whatever they do, they end up buying real estate as a savings asset. It is this view that is a good foundation for the real estate market to have opportunities for long-term development”, shared Ms. Nguyen Huong – Director of Dai Phuc Land.
According to: https://theglobal.vn/