A memorable 2022 for the market of villas and townhouses in Ho Chi Minh City and is expected to be 2023
2022 is considered a memorable year for the villa and townhouse market in Ho Chi Minh City as it continuously records record high prices from branded projects.
A report published by Colliers Vietnam recently stated,
The appearance of the branded real estate super project The Rivus Elie Saab of Masterise Homes is a typical example, when the highest selling price of this project is up to nearly 30 million USD – a rather high price for such a project. suburban area project.
Besides, many other famous projects have also been launched into the market such as Classia Khang Dien, Global City, Senturia An Phu, The 9 Stellars.
According to the survey, Classia Khang Dien has a price list ranging from 18-40 billion VND / unit, Global City has a price of 36 - more than 40 billion VND / unit, Senturia An Phu has a price of about 240 - 330 million VND / m2. These projects all recorded quite good absorption rates, ranging from 70 to 90%.
Since the beginning of 2022, the average price of land-based projects in Ho Chi Minh City has increased at 10-15% per quarter, but then this increase has slowed down, even decreased slightly in the fourth quarter (only about 5%).
An expert from Colliers Vietnam explained that due to the credit tightening situation and some problems related to the Ho Chi Minh City real estate market, the purchasing power decreased, the absorption rate was only about 80%. Investment also does not deploy shopping cart much.
In 2023, Khang Dien and Masterise will continue to be the leading names in the townhouse market in Ho Chi Minh City with new projects, attracting a lot of attention. In addition to the projects in the east of the city, the southern areas such as Nha Be, Binh Chanh with projects Zeitgeist, Fifa City are also expected.
Prominent supply of townhouses and villas in Ho Chi Minh City in the future
Meanwhile, the market of townhouses in Hanoi witnessed a relatively quiet year when the selling price did not have too many fluctuations and prospered like the southern region. Even in the last quarter of the year, the price level decreased somewhat when purchasing power was not maintained.
Up to now, the average price of villa and townhouse projects in Hanoi is fluctuating at $4,000/m2. Absorption rate ranges from 70 to 80%.
The main supply in Hanoi comes mainly from projects of FLC, Lotte and Vingroup. In the near future, the market promises to have more prominent names besides Vingroup's Vinhomes Co Loa super project such as the appearance of Keppel Land in Mailand or a part of Kita's marked Ciputra urban area. Group, next to the UDIC Westlake project.
Prominent supply of townhouses and villas in Hanoi in the future.
Continue to open and sell the most beautiful subdivisions of The Global City in 2023
The Global City is a luxury urban area project located at the golden location - frontage of Do Xuan Hop and highways Ho Chi Minh City - Long Thanh - Dau Giay, bordering Rach Chiec river. The Global City is synchronously planned with 1800 shophouses, townhouses, villas and more than 10,000 Grade A apartments, along with an international standard technology and utility system first appearing in Vietnam.
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