Major investors such as Masterise Homes, Viva Land, NovaLand, GS Nha Be (Korea GS), Phu Long, Nam Long Group, Dat Xanh Group... are stepping up investment and completing projects in the South and South zones. East of Ho Chi Minh City. In the context of market volatility, the move of investors to launch projects into the market shows that positive signals may appear by the end of this year.
In some areas in the South and East of Ho Chi Minh City, some real estate giants such as Masterise Homes, Viva Land, NovaLand, GS Nha Be (Korean professor), Phu Long, Nam Long Group, Dat Green Group… is promoting investment to "launch" new products.
Check out the upcoming real estate projects in Ho Chi Minh City
Large investors such as Masterise Homes, Viva Land, NovaLand, GS Nha Be (Korean professor), Phu Long, Nam Long Group and Dat Xanh Group... are promoting investment and completing projects in the South and East areas of Ho Chi Minh City. Ho Chi Minh City.
For example, Phu Long is about to introduce the Essensia South Saigon health apartment project (belonging to Dragon City Urban Area) in September 2022. This is considered the highlight source of the real estate market in Ho Chi Minh City at the end of the year.
Or Nam Long Group "released" about 400 isolated apartments along the Flora Panorama river in Mizuki Park urban area (Binh Chanh, Ho Chi Minh City), with prices around 50 million VND/m2.
In the same area, Novaland's The Grand Sentosa officially announced recently, is also a notable supply in the real estate market in the South of Ho Chi Minh City at this time. Or, Phu My Hung's The Horizon located on the banks of Crescent Lake is also about to open for sale in the near future.
Records show that, in the second half of 2022, this area is expected to have 3 new projects offered for sale such as Viva Plaza (District 7) handed over by the end of 2023, The Peak - Midtown Phu My Hung subdivision, expected to be discussed. Delivered at the end of 2022, Sunshine Sky City is expected to open for sale building S2 in August 2022.
Meanwhile, in the West area of Ho Chi Minh City, from now until the end of the year, there will be the next phase of Nam Long Group's Akari City project (size 8.5 ha) introduced to the market. This is also the "rare" supply of apartments in this area from now until the end of the year. It is known that the project is offering a price from 45 million VND/m2. While some projects such as D- Aqua (prices from 60-65 million VND/m2); Starlight Riverside, Remax Plaza, Viva Riverside ... have been offered for sale since 2016-2017, currently the secondary price is quite high.
In the East area of Ho Chi Minh City, the real estate supply is only "fragile" in some projects. In it, there are some projects like Datxanhhomes Riverside is expected to open for sale in the fourth quarter of 2022; Grand Marina Saigon complete completed in the first quarter of 2023; FIATO premier, Urban Green is "disguising" information to the market of Thu Duc City, or the urban area The Global City dubbed the 2nd Downtown in HCMC will launch the 4th phase of SOHO townhouses for sale. and is expected to open for sale the luxury apartment subdivision, which is known to be a strategic project of Masterise Group in 2023 and later. Especially the center of District 1 received super Pearl project in District 1 of Viva Land (in place of Masterise Homes, this project was formerly known as – One Central HCM).
The record shows that, in the first half of 2022, compared to the period before 2019, when there was no COVID-19 epidemic, the real estate supply decreased sharply. However, compared to 2021, the supply in early 2022 has positive signs. In Ho Chi Minh City, areas with large apartment supply such as Binh Chanh and Nha Be continued to achieve a fairly good growth rate in supply, more than 30% in the second quarter of 2022 compared to the average of Ho Chi Minh City. the first quarter of 2022. In which, Binh Chanh recorded a slight increase in apartment prices with an average increase of about 4% per month and reached VND 33.9 million/m2 in June 2022. Meanwhile, Nha Be stabilized its selling price in the second quarter of 2022, equal to that of the first quarter of 2022.
According to data from Cho Tot Nha, in the second quarter of 2022, many positive signs were recorded with steady growth in all regions. Especially, in June 2022, the South area of Ho Chi Minh City led the number of apartments for sale with the proportion accounting for more than 32% of the total supply of apartments of the whole city market.
In the first half of 2022, the apartment market in particular and the real estate market in general received two important information, affecting prices as well as market purchasing power. Specifically, over the past time, some banks have had "orders" to suspend or limit lending to real estate. In addition, the Ministry of Construction proposed to issue pink books for apartments with a term of 50-70 years and have been approved by the Government, reporting to the National Assembly to propose to include it in the National Assembly's Law-making Program in 2023. .
According to investors' forecasts, if the number of banks restricting real estate lending increases rapidly in the near future, the risk of a slowdown in the real estate market is possible. However, the fact is that in the first half of 2022, the real estate market in Ho Chi Minh City has witnessed positive signs of supply. Demand for apartments is still growing. Especially, with the price segment from 40-50 million VND/m2, the average absorption rate is 65-85%.
The Global City
With the trend of apartment supply increasing again, the development of apartment products also has many innovations. there has been a marked change. Therefore, Phu Long Company has researched the housing needs of urban residents in order to create houses that are suitable for the tastes of today's homebuyers. Thereby enhancing the lifestyle and bringing new experiences as well as protecting the health of residents.
The Global City progress August 2022.
According to experts, in the context of the volatile real estate market, the fact that large investors plan to "release their goods" shows an optimistic signal about supply and demand in the coming time. This is also the foundation for the real estate market to regain "momentum", creating confidence for buyers during market fluctuations.
