Real estate market in the first quarter of 2023: The selling price of townhouses in Ho Chi Minh City and Hanoi has increased by 101TP3 billion

In the Q1 real estate market report, Batdongsan.com.vn said that the selling price of townhouses in Hanoi and Ho Chi Minh City in the first quarter of 2023 increased by 10% over the same period last year.

Looking more closely at the last one-year cycle, the selling price of Hanoi townhouses has increased continuously over the quarters. In Ho Chi Minh City, the selling price of townhouses from the first quarter of 2022 increased gradually and peaked in the third and fourth quarters of the same year, but by the first quarter of 2023, it decreased, but still higher than in the first quarter of 2022.

The average asking price in the first quarter of 2023 for street houses is about 335 million/m2 in Hanoi, and 220 million/m2 in Ho Chi Minh City.

With the type of apartment, after increasing significantly in the fourth quarter of 2022, the selling price of all apartment segments in Hanoi and the mid-high-end apartment segment in Ho Chi Minh City has decreased. Therefore, as of the first quarter of 2023, the selling price of apartments in Hanoi and Ho Chi Minh City has not changed too much compared to the same period in 2022, except for the high-end segment (over 50 million/m2) in Hanoi and Ho Chi Minh City. Hanoi reduced the price to 10% and the affordable segment (under 35 million/m2) in Ho Chi Minh City increased the price to 13%.

The selling price of townhouses in Hanoi and Ho Chi Minh City has increased by 10%.

In the central and southern coastal areas, the selling price of land plots in many provinces also tends to decrease. In which land plots in Long An and Ba Ria - Vung Tau are discounted by 6%; Da Nang, Quang Nam, Khanh Hoa, down from 2-1%.

Particularly, Binh Thuan is a rare coastal province witnessing an increase in the price of land for sale up to 25% compared to the fourth quarter of 2022.

According to Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, the reason land plots in some localities still tend to increase the selling price is due to buyers' expectations.

“If the land is located in areas with good infrastructure and utilities, or next to an industrial park, the price level will be stable and there is room to increase. As for the types of investment land that do not have high use value, after buying it, the price will decrease. Most of the provinces with a large amount of FDI have stable land prices, "said Mr. Quoc Anh.

The same expert also said that in 2023, there will be no land fever, because the real estate market is in a quiet state with low liquidity.

The average selling price in the first quarter of 2023 for townhouses in Hanoi is about 335 million/m2.

However, in the long-term, land plots are still a potential investment type if they know how to choose valuable land products as well as the ability to exploit and generate cash flow on that product as possible. build inns, warehouses…

“Currently, the urbanization rate of Hanoi is about 49% and HCMC is about 70%; some provinces and cities have urbanization rates above 50%. Thus, there is still room for development and the demand for land is always present,” said Mr. Quoc Anh.

Townhouse projects are being implemented with good policies such as The Global City townhouse Ho Chi Minh City area is receiving much attention from customers near and far, especially customers in the North and abroad.

Masterise Homes has just announced a very HOT support policy for customers buying SOHO townhouses at the new center The Global City: COMMITMENT TO RENTAL WITH THE EARLY PRICE OF DISTRICT 1 CENTER in 12 months, expected rental profit UP TO 2 BILLION/YEAR.

The tenants are all famous F&B and retail brands from Singapore, and the investor also supports the basic interior finishing, without having to worry and waste time finding tenants. Not to mention, the income from rental income is enough for SOHO buyers to pay for other financial expenses.

Contact The Global City via:

Hotline/Zalo: 0911 525 454

Project official website: https://theglobal. vn/