Customers wait to see the project and complete contract procedures with the investor at a luxury apartment project in Nam Tu Liem district, Hanoi - Photo: QUANG THE
According to Tuoi Tre Online reporters in Hanoi and Ho Chi Minh City, despite the difficult real estate market, many projects still attract a large number of interested customers.
Hanoi: Luxury apartment sales boom
On the weekend, at the model home of a luxury apartment investor in Tay Mo Ward (Nam Tu Liem District), there were many people waiting to see the houses. The apartments here have a variety of areas, with introductory prices ranging from 60 to 95 million VND/m².
According to female broker Hoang Nga (HTV Real Estate Brokerage Company), this company is selling many luxury apartments in the LME project with prices ranging from 75 - 95 million VND/m².
"For over a year, the investor has not increased the price. In just a few days, the first price increase will be from 3 - 5% of the apartment value, so buyers must be quick to enjoy incentives on discounts and loan support," said Hoang Nga.
Meanwhile, the TSP project in the urban area has been in operation for more than 3 years and is also building the foundation for 5 apartment buildings with more than 4,000 apartments.
According to some sales brokers right next to this project, although it has not officially opened for sale, the investor will have a sales contract around August 2024, but the number of customers booking is very large.
People learn about real estate projects in Hanoi - Photo: QUANG THE
At another apartment project named WTR located next to Highway 32 in Hoai Duc district, brokers are also selling it for 43 - 60 million VND/m², depending on the location.
According to Tuoi Tre reporters, commercial apartments next to National Highway 32 in Hoai Duc district before 2022 cost less than 30 million VND/m².
Meanwhile, social housing apartments cost about 15 million VND/m². Notably, in mid-2023, the investor of a social housing project in Hoai Duc district (about 1km from the WTR commercial apartment project) had to open for sale for the 27th time because there were still more than 120 apartments that had not been bought or rented.
According to the leader of a real estate company in Hanoi, apartments in metropolitan areas attract customers because they have complete infrastructure such as parks, swimming pools, playgrounds and connections to schools and hospitals.
“Luxury apartments with accompanying utilities are the choice of many people with large accumulated assets to buy to live in. Besides, many people also have the mentality of investing in apartments (small apartments) for rent, so recently the transaction volume is much higher than the projects implemented in 2022 and 2023,” said Mr. T.D.H., leader of a real estate company.
According to the Ministry of Construction, in the first quarter of 2024, the total number of successful real estate transactions nationwide increased compared to the same period last year, reaching 133,512 transactions (the first quarter of 2023 only reached 109,066 transactions), including 35,853 transactions of apartments, individual houses and 97,659 land transactions. The apartment market continues to attract the attention of groups with real housing needs and medium and long-term investors.
Meanwhile, according to the Vietnam Real Estate Association, along with the recovery of the real estate industry, the brokerage profession has also regained its form, attracting many participants to return to the market, especially from the beginning of 2024 until now.
Ho Chi Minh City: Positive absorption in many projects
Talking to Tuoi Tre Online , Mr. Tran Manh Chi - Deputy General Director of Dong Tay Property Company - said that the actual transactions show that most people with real housing needs, wanting to buy a house to settle down, have started to return to the market to buy apartments at this stage.
Mr. Chi said that a project on Mai Chi Tho Street (Thu Duc City) has just introduced 700 apartments to the market with a reservation price of up to 125 million VND/m2 but has already had 70 - 80% of the bookings, or a luxury apartment project in Binh Thanh has just sold about 100 apartments with a price of 9 billion VND/apartment but still has good absorption.
Another large project in Thu Duc City with thousands of apartments currently has a transaction level of 40 - 60 successful transactions per week, showing that although market liquidity has not increased dramatically, it is still moving in a positive direction.
In addition, Mr. Chi said that a high-rise subdivision in a residential project in Thu Duc City that was recently introduced to the market with a price of 48.6 million VND/m2 also received a relatively large number of reservations in recent days.
Many apartment projects in Ho Chi Minh City are applying many great incentive policies for buyers - Photo: NGOC HIEN
In the southern area of Ho Chi Minh City, the investor of Phu My Hung urban area (District 7) is opening for sale the projects The Horizon, The Aurora and most recently L'Arcade, all of which have received interest from buyers.
Specifically, all apartments in The Aurora project have been sold 100%, only a few shops remain, the apartment basket at The Horizon has about 8% of products left, the low-rise project Phu My Hung L'Arcade (total supply of only 37 units) has just been announced and has also recorded a positive absorption rate.
The sales director of a foreign real estate corporation said that home buyers at this stage, besides a few investors, are mostly people with real housing needs.
In particular, due to the lack of supply, investors with land funds have launched luxury and super luxury apartment segments on the market because land costs and project development costs have increased, forcing businesses to target the high-end segment.
"Comparing the absorption capacity of the two markets of Hanoi and Ho Chi Minh City, we see that the absorption capacity in Hanoi is better and most buyers in this market buy for living purposes," he said.
Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - said that due to limited land funds, many projects have not completed legal procedures, leading to the number of projects for sale with full legal documents on the market being counted on the fingers.
According to Mr. Chau, due to their advantages in the market, real estate project investors all introduce high-end projects, many projects even advertise as high-end apartments even though they are only in the mid-range segment.
Source: https://tuoitre.vn/thieu-vang-nguon-cung-chung-cu-cao-cap-ca-ha-noi-va-tp-hcm-hut-khach-20240625162845695.htm
Comment (0)