In recent times, in some areas such as Di An City, Thuan An of Binh Duong or areas bordering Thu Duc City, many apartment projects have seen a sharp increase in searches in recent times. Especially in completed projects entering the handover phase, demand has also been quite stable.
The reason is that the selling price of apartments in this area is still cheaper than in the central area, meeting the needs of many people to buy for living. In addition, because the demand of the rental market is still quite active, more and more investors are turning to owning apartments to earn extra cash while waiting for prices to increase.
Currently, many apartment projects on Pham Van Dong Street, passing through Thu Duc and Di An, have rental prices ranging from 6-14 million VND/apartment/month depending on the area and interior. The most popular are 2-bedroom apartments with basic interiors with rental prices of about 6 million VND/apartment/month. These are usually apartments that investors hold in large quantities, without investing too much in interiors to hold in the medium term.
Many apartment projects in suburban areas are attracting tenants.
In addition, rental prices also fluctuate depending on location and amenities. Projects near industrial parks, office buildings or convenient to travel to the center of Ho Chi Minh City also have high rental prices and good absorption rates. Some projects even have a "room shortage" situation, as rental demand shifts from the center to the suburbs more and more. Rental prices in these "hot" areas have increased by 7-10% compared to the end of 2023, partly due to the shortage of apartments about to be handed over.
According to Mr. Dinh Minh Tuan, Director of Guru Property - Southern Region, although projects about to be handed over often have higher selling prices than newly implemented projects in the first phase, in return, buying this product not only saves on housing costs but can also be an immediate profitable investment.
Talking about the investment plan for apartments for rent, this expert also said that if investing in the short term, you should not rush to put money down because the price and level of interest in apartments at this stage are not stable, when needing quick liquidity, investors will encounter difficulties. But if investing in the long term and investing for the purpose of renting to get cash flow, apartments are still a type worth considering.
The reason is because the growth in apartment investment profits (price growth rate plus rental yield) in the period 2015 - 2023 reached 97%, ranking No. 1 compared to other types of investment such as stocks, gold, savings, and foreign currency.
According to a report on real estate trends and consumer psychology published by Batdongsan.com.vn earlier, rising housing prices and a difficult economic situation are expected to increase the trend of renting houses in the first half of 2024. In particular, apartments are the type of real estate that most renters are interested in (43%), followed by private houses (18%) and boarding houses (18%). Only a small number (9%) are interested in townhouses for rent.
Source: https://www.congluan.vn/nha-dau-tu-san-tim-can-ho-da-hoan-thien-de-tan-dung-su-soi-dong-cua-thi-truong-cho-thue-post300270.html
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