Positive signals of the Southern real estate market: Liquidity has appeared

Supply continues to improve

According to the analysis of many experts on " Southern real estate market and positive signals", the information shows that currently, the real estate sector is receiving more attention from investors and people than before.

In particular, the real estate market recorded a lot of positive information about product supply as well as high liquidity in many segments such as apartments, land, townhouses, etc.

According to the latest report by DKRA Vietnam, the real estate market in Ho Chi Minh City and surrounding areas recorded a significant improvement in primary supply in key segments.

Specifically, in the land segment in the first quarter, primary supply increased by about 18% compared to the end of 2023. Of which, more than 80% of transactions were concentrated in Duong and Long An provinces, with products having an average price of 16.4 - 22.2 million VND/m2.

Real Estate - Positive signals of the Southern real estate market: Liquidity has appeared — Apartment supply is gradually being introduced to the market. In which, the area adjacent to Ho Chi Minh City such as Binh Duong province has a very high proportion of apartments.

The primary price level has not fluctuated much compared to 2023, the common price is in the range of 14.5 - 23.5 million VND/m2. The secondary price level increased by about 1% - 3% compared to the end of the year, liquidity has positive changes after Tet, transactions are concentrated in the group of products - projects with completed infrastructure, legal documents and implemented by reputable investors in the market.

The apartment segment recorded 122 primary projects for sale (about 12,967 units) in the quarter. In Ho Chi Minh City alone, most of the new supply in the quarter came from Grade A projects in the West and South areas.

Transactions are mainly in mid-range projects with completed legal procedures, rapid construction progress, convenient connection to the city center and prices from 40 - 55 million VND/m2 in Ho Chi Minh City, from 30 - 35 million VND/m2 in Binh Duong province.

Primary selling prices in some projects increased slightly by 2% - 5% compared to the end of 2023, applied with many policies of quick payment discounts, principal and interest grace periods, etc.

Create market liquidity

According to Nguoi Dua Tin , currently in Ho Chi Minh City, investors such as Khang Dien Housing Investment and Trading Joint Stock Company; Dien Phuc Thanh Company, Gamuda Land have launched new apartment products in districts such as Binh Tan, Thu Duc City; Binh Chanh...

This is considered one of the big “baskets” launched by investors in the market at the beginning of last year. Although each segment is different, it is still well received by investors and they are willing to spend money.

In Binh Duong province, some investors such as Bcons Group, Kim Oanh Group, Hung Thinh Group, Dat Xanh Group, etc. also offer some new projects. Among them, there are old products but the projects are almost completed and handed over, with stable legal status.

Real estate - Positive signals of the Southern real estate market: Liquidity has been found (Figure 2). — Apartments are still the choice of many people with real housing needs and investors.

Mr. Vo Hong Thang, Director of Consulting Services and Project Development of DKRA Group, commented: “Currently, investors are racing to bring many real estate segments to the market. In particular, Ho Chi Minh City and Binh Duong province can be said to be the two key areas with a series of projects for sale. This shows a good signal from the market.”

Talking to Nguoi Dua Tin , Mr. Ha Van Thien, Deputy General Director of Tran Anh Group said: “With the current situation, it is clear that the real estate market is more prosperous than before. Government policies as well as reduced bank interest rates and incentives for home buyers are creating a good mentality for investors. When money flows into real estate, it means that the market will gradually have liquidity.”

According to Mr. Thien, the market has not yet returned to its "peak" like previous years, but recently some businesses have sold their products within a week.

Real estate - Positive signals of the Southern real estate market: Liquidity has been found (Figure 3). — Many real estate brokerage centers have started to return with many positive signals from the market.

“During this time, according to my research, there are still many investors who can sell 3-8 real estate products a week, it can be seen that everything is gradually getting better. Investors with capital, many services such as construction, construction equipment, labor, etc. will also develop accordingly. Real estate can be said to have just started to move again and this is also a good time to choose to invest,” said Mr. Thien.

According to experts, in the first quarter of 2024, market demand is expected to have positive changes. Primary prices may continue to increase slightly due to input cost pressures. Secondary market liquidity, as well as selling prices, have improved significantly.

This shows that the whole market is showing many positive signs. The real estate market is gradually returning to the “race” slowly, safely and towards perfection from legality to the products brought to the market.

Apartment supply is gradually being introduced to the market. In which, the area adjacent to Ho Chi Minh City such as Binh Duong province has a very high proportion of apartments.

Apartments are still the choice of many people with real housing needs and investors.

Many real estate brokerage centers have started to return with many positive signals from the market.

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