Real estate market in the last months of 2024 will recover sustainably?
On the basis of being supported by many positive factors, the real estate market in the last months of 2024 is predicted to continue to recover sustainably.
The real estate market has many favorable conditions for recovery.
In the first 8 months of 2024, Vietnam's economy has shown many positive signs, according to the General Statistics Office's report, compared to the same period last year: goods export turnover is estimated at 265.09 billion USD, up 15.8%; total registered foreign investment capital in Vietnam reached 20.52 billion USD, up 7%; public investment disbursement continued to be promoted, reaching 40.49% of the plan;...
In addition, the three laws related to real estate (Land Law, Housing Law, Real Estate Business Law) taking effect earlier than the previous decision have had many positive impacts, contributing to promoting the recovery and development of the real estate market.
 |
| Vietnam's economy in the first 8 months of the year has many positive signs |
With these positive impacts, the waiting mentality of investors and customers is gradually being removed, investors are more confident in launching products and investors are more confident, promoting cash flow into real estate.
According to the Vietnam Association of Realtors (VARS), supply in the second half of 2024 will continue to improve, estimated to increase by about 20% compared to the first 6 months of 2024. In addition, investment demand will recover by about 30% and demand for buying houses for residence will also remain high.
Forecasting the volume of real estate transactions in the last months of the year, Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, shared: the volume of transactions is expected to increase by about 20% compared to the first half of the year because the supply may increase sharply at the end of the year and focus mainly on apartments.
According to experts, not only in big cities, long-term ownership apartments in tourist cities will also be the market-leading products and force customers to be quick to seize opportunities due to scarce supply.
Phu Quoc - a potential destination for investors
In the “race” to hunt for long-term luxury apartments in tourist cities, Phu Quoc is considered a potential destination for investors. According to the plan, Phu Quoc will strive to reach the standards of a type I urban area by 2025 and become an island city, a high-quality tourism and resort service center with its own identity and attractiveness to domestic and international tourists by 2040.
With this development potential, Phu Quoc is expected to soon become an economic, financial, medical, and educational center, attracting strong domestic and foreign investment, thereby creating a large, highly educated and high-income community. This is a solid foundation for the development of Phu Quoc, accordingly, the city needs to have appropriate infrastructure planning, especially housing, to meet the needs of living and anticipate the wave of population migration.
However, according to the land use planning, Phu Quoc will retain up to 70% of its primeval forest and only 6% of its land fund for long-term ownership, so it is not difficult to see that residential real estate in Phu Quoc is extremely limited. In fact, many people who have lived here for a long time are still not in the land fund for long-term ownership. Therefore, at present, new projects launched and in the land fund for long-term ownership such as the first yacht-style apartment collection in Pearl Island - Meypearl Harmony (belonging to the Meyhomes Capital Phu Quoc Urban Complex) are considered a rare opportunity for customers and investors.
 |
| Meypearl Harmony - "bright spot" of Phu Quoc real estate market |
Only 150m from Bai Truong beach, Meypearl Harmony Phu Quoc owns a prime location with 4 road frontages: 66m wide Bai Truong coastal road - the largest coastal road in Phu Quoc, Anh Sao avenue (24m) and "Billion dollar road" Bai Truong inter-area (36m)... In less than 20 minutes, residents can connect to the airport, Duong Dong center and a series of important destinations on the island.
Located in the pure urban complex Meyhomes Capital Phu Quoc - the most livable urban area in Phu Quoc - which is oriented to become the new economic - cultural - administrative center of the Pearl Island, Meypearl Harmony fully inherits the best conditions of a modern urban area from planning, infrastructure to utility services. In addition, future residents of Meypearl Harmony will also enjoy 78 exclusive utility services right at their doorstep, bringing an endless journey of living and experiencing.
Apartments at Meypearl Harmony have flexible areas from 31 - 129 m2, are intelligently and modernly designed, maximizing space and functionality, thus suitable for both residential and rental needs.
According to official information from the investor, Meypearl Harmony is about to launch 350 apartments in The Sunset Cruise tower with many attractive policies. In particular, customers who register for early purchase rights will also enjoy discounts of up to 35%.
A product developed by Meyland - Brand of Tan A Dai Thanh Group
Source: https://baodautu.vn/batdongsan/thi-truong-bat-dong-san-nhung-thang-cuoi-nam-2024-phuc-hoi-ben-vung-d225233.html
Comment (0)