On real estate news sites and social networks such as Zalo, Facebook, TikTok..., information about selling townhouses and small alley houses with prices ranging from 2.8 billion to 5 billion VND is attracting the attention of buyers.
As a real estate broker in Go Vap, Phu Nhuan, Binh Thanh districts (HCMC), Mr. Nguyen Lan took us to see a 32 m2 house in an alley about 60 m from the front of Nguyen Thuong Hien street (Binh Thanh district). "The owner offered a price of 4.2 billion VND, but if you pay down 4 billion VND, you can buy it. If you just spend a little more money to rebuild the ground floor and 3 floors, the house price can increase to 5 - 6 billion VND" - Mr. Lan introduced.
Alley houses and townhouses with reasonable prices are attractive segments at the present time.
Another broker, Mr. Nguyen Hoang, said he had just "closed the deal" on a 102.6 square meter house with an asking price of only 4.5 billion VND, about 35% cheaper than the market price. "The homeowner wanted to close the sale before Lunar New Year so he agreed to reduce the price to 4.2 billion VND. If he waited until after Tet, the price would be higher. The buyer saw the bargain price, only equivalent to the price of a 2-3 bedroom apartment, so he quickly paid," said Mr. Hoang.
Ms. Do Linh Dan, a long-time real estate broker in Thu Duc City (HCMC), also said that in the past 2-3 months, transactions in the segment of individual townhouses in the central area have been quite active. Not only have transactions increased, but house prices have also increased slightly by about 5% compared to the beginning of 2022. The demand for buying to live accounts for 60% -70%; the rest is buying for investment, renting... One of the motivations that makes many people decide to buy a house at this time is because bank interest rates are "more affordable".
Mr. Ta Trung Kien, Deputy General Director of Wowhome Real Estate Company, assessed that the demand for buying pre-built townhouses with red books or individual plots of land in central districts of Ho Chi Minh City is currently quite high. Of which, a part of the supply is old, dilapidated houses that have been renovated and put on the market; the rest are due to homeowners who need to sell quickly to handle personal matters. The 3 - 5 billion VND segment meets the most buyers' needs.
According to Mr. Tran Khanh Quang, General Director of Viet An Hoa Real Estate Company, affordable townhouses always have liquidity, especially at the end of the year because they meet the real needs of urban residents. This is also a segment that competes strongly with mid-priced apartments.
Normally, houses in areas bordering the center of Ho Chi Minh City such as districts 5, 7, 4, Binh Thanh, Go Vap... are very attractive to buyers.
"Townhouse and alley house transactions from now until the end of the second quarter of 2024 will still attract buyers, with increased liquidity. This trend will initiate a recovery in liquidity of other segments such as apartments, high-end townhouses, and land..." - Mr. Quang predicted.
Dr. Pham Anh Khoi, Director of the Institute for Economic - Financial - Real Estate Research Dat Xanh Services, commented that the time when the real estate market hits rock bottom and gradually increases again will be an opportunity for those who prefer townhouses, alley houses or want to accumulate assets.
Source: https://nld.com.vn/giao-dich-nha-pho-am-len-196240122200804569.htm
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