Adding momentum to the real estate market in Ho Chi Minh City with a package of VND 350,000 billion from April 2022

The Global City - The largest economic recovery and development support package ever with a scale of VND 350,000 billion will start to be deployed from April 2022.

In particular, experts believe that VND 15,000 billion for housing will not cause a fever in the real estate market, but on the contrary, it will also create conditions for low-income people to buy land and houses in big cities like Ho Chi Minh City. .

The largest economic recovery and development support package ever

Recently, at the regular Government press conference on the afternoon of March 3, a representative of the Ministry of Planning and Investment said that the public investment package under the 350,000 billion VND program will start to be implemented from April 2022.

The report on the work of relevant ministries, branches and localities shows that, compared with the requirements and progress of the Government's Resolution 11/NQ-CP, the ministries, branches and localities can basically meet the requirements and progress. progress requirements.

This is a socio-economic restoration program issued by the Government with a total scale of 350,000 billion VND, of which about 1/3 - equivalent to 114,000 billion VND - will be spent on infrastructure development. This is also considered the largest package to support economic recovery and development ever.

The economic growth stimulus package of VND 350,000 billion aimed at promoting public investment and infrastructure development will have advantages for the real estate market.

On the other hand, the general support package of VND 40,000 billion and VND 15,000 billion for housing will not cause a fever in the real estate market, but even create conditions for low-income people to buy land and houses in big cities such as Ho Chi Minh City. Ho Chi Minh City.

The project meets the real needs of creating a "bright spot" in the market

A report from the Vietnam Real Estate Association shows that, in 2021, although the market faces many difficulties due to the impact of Covid-19, many projects still record an absorption rate of up to 90%.

According to DKRA, in the first two months of 2022, Ho Chi Minh City has only about 7 projects, including one new project and six projects implementing the next phase. In particular, the new supply is concentrated in the segment of Grade A apartments in Thu Duc City and the West of the city, the remaining areas are scarce.

Infrastructure development is one of the factors that help real estate in the East of Ho Chi Minh City prosper

In addition, the apartment market will be more encouraged besides the trend of adjusting primary prices which is getting closer to the needs of residents, increasing promotion policies, payment methods, etc. more and more diversified and attractive buyer demand.

For example, with The Global City project introduced to the market by Masterise Homes in the first quarter of 2022 in Rach Chiet Area, District 2, Thu Duc, Ho Chi Minh City possesses many unique utilities but still has a good price and flexible payment methods, suitable for customers' finances, especially young families.

The Global City is one of the rare new projects "launching" in the East of Ho Chi Minh City with the most modern utility system in the region.

Project developer The Global City said that the expected price of The Global City is about 400 million/m2 for townhouses and 100 million/m2 for luxury apartments. In particular, the payment method is expected to be quite good for customers.

The Global City is located on the front of Do Xuan Hop, invested with modern facilities in the campus of more than dozens of hectares. Specifically, landscape streams, non-chlorinated fiber optic swimming pools, open libraries, outdoor cinemas, Sunset Serenity sunset spots, VIP Lounges, aerial meditation gardens, cloud footpaths, etc. The project owns the leading number of large utilities in District 8.

The highlight of The Global City project is a shopping boulevard inspired by Asiatique entertainment street with the participation of more than 30 leading brands.

Not only that, The Global City also owns an open commercial street in the middle of nature, creating a unique highlight for the apartment area. The planning of the street is arranged along the landscape stream in the heart of the project.

See more The Global City  at: https://theglobal .vn/