In the context of the Ho Chi Minh City apartment market entering a recovery phase with a significant increase in transaction volume and higher demand than supply, a luxury project in the East area has become the focus of attracting customers and investors as soon as it was revealed.
Catch the "wave" when the market grows impressively
According to the OneHousing Center for Market Research and Customer Insights, in the first half of 2024, the Ho Chi Minh City apartment market had an impressive growth rate when supply and consumption were both higher than in 2023. People's demand for the luxury segment continued to increase and this segment is currently leading the market, accounting for 54% of new supply in the first half of 2024 with new projects opening for sale mainly in the East.
Notably, the average primary selling price of the entire Ho Chi Minh City market in the second quarter of 2024 reached a record of VND 76.7 million/m2, up 6% over the same period last year. Despite the high anchor price, the consumption volume in the second quarter of 2024 still increased by 7.3% over the same period in 2023. Of which, the consumption volume of the high-end and luxury segments accounted for about 80%. This shows that the potential of the high-end apartment market in Ho Chi Minh City is huge.
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| The luxury apartment segment is currently leading the market, mainly concentrated in the East of Ho Chi Minh City. |
According to experts, the recovery of the real estate market comes from many driving forces. Economic development has led to a 4.6% increase in real estate credit, with about 40% being real estate business credit (up 10.29%) and about 60% being real estate consumer credit (up 1.15%). The resurgence of real estate credit means the restart of many old projects and the launch of new projects, making the market more vibrant.
In addition, experts also commented that, along with the speed of implementation and completion of key traffic and infrastructure projects in the East, the price of high-end apartments in the area will continue to increase in the coming time, establishing new price levels. Therefore, the current "wave foot" time is a golden opportunity for investors to own products with a lot of potential from reputable and potential real estate developers.
Top 1 project in the East dominates the market
The name being mentioned the most right now in Ho Chi Minh City is The Opus One - the Top 1 project in the heart of Vinhomes Grand Park metropolis that is about to launch.
As a joint project between two leading real estate investors, Vinhomes and SAMTY (Japan), The Opus One brings together many outstanding and rare values, expected to create a breakthrough in both living space and lifestyle for the elite, as well as become a sustainable and highly liquid investment product on the market.
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| The Opus One in Vinhomes Grand Park urban area converges many outstanding values |
The most attractive point of The Opus One is its location at the "center within the center" of the most livable metropolis in Saigon. With this location, the project's 4 luxury apartment towers are surrounded by the complete Vingroup ecosystem. Within just 1-10 minutes of walking, residents can quickly connect to Vincom Mega Mall, the 36-hectare park, VinWonders "entertainment universe", Golden Eagle Square, and Vinschool Cambridge. Along with that are many other high-class amenities such as a 2-storey 36-slot golf course, a 43-storey office tower, Vinmec international hospital, Broadway and Ginza commercial service streets, and marinas.
If the concept of buying a house is often based on the criteria of “first near the market, second near the river, third near the road”, then the value of The Opus One has surpassed the usual limits. Not only is it located next to trendy shopping - entertainment - recreation destinations - a factor that guarantees the potential for real estate price increases, The Opus One also opens up a perfect living space, where residents can experience a high-end resort life amidst vast nature, surrounded by trees and rivers.
With its unique location, The Opus One owns a quartet of “eternal views”, including resort and entertainment views (internal resort, 36ha park, VinWonders); education and art views (Vinschool Cambridge, Golden Eagle Square); vibrant CBD views (Vincom, golf course, 43-storey office tower); and spacious river views (Tac River, Dong Nai River). The unique view that no other project has of The OPus One further increases the level of interest in finding the project.
Positioned as a Top 1 project, all elements of The Opus One are elevated to the level of works of art. The design and internal facilities of the project are in the style of a luxury resort, aiming at wellness values, while the design and internal facilities as well as the space inside each apartment are invested according to 5-star hotel standards, creating a worthy quality of life for the elite community of residents.
Therefore, it is easy to understand why the Top 1 project in the heart of Vinhomes Grand Park is the brightest star in the real estate market in the East of Ho Chi Minh City. The "epicenter" The Opus One also promises to shake up the market in the last months of this year.
Source: https://baodautu.vn/batdongsan/thi-truong-can-ho-sot-nong-du-an-nao-dang-chiem-song-d223313.html
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