People learn about new apartments in Ho Chi Minh City that hit the market in early November. – Photo: NGOC HIEN
There are thousands more apartments available on the real estate market.
At the end of October, the Conic Boulevard project (Ho Chi Minh City), with 1,000 apartments completed, was launched by the company. The average published price at the end of the year is approximately 370,000 VND/m².
exchange youth online On June 11, EximRS Vice President Le Tien Vu said that a positive signal was recorded when more than 100 reservations were made within two days of the project launch, contributing to reflecting the reliability of the project. market.
According to Mr. Vu, the end of the year is also a time to push sales strategies in the real estate field. This is because it is a time when investors gradually stabilize their cash flow after completing a year of business and look for investment opportunities.
In the eastern part of Ho Chi Minh City, Masterise Homes has also launched two towers of apartments in its Global City project (Thu Duc City), expected to deliver approximately 616 apartments to the market. According to the investor, the project is scheduled to be delivered in 2026 and this will also be the first high-rise building in the project. Currently, the broker is accepting bookings for VND10 billion/m².
On September 11, the Japanese joint venture Cosmos Inita-TT Capital-Coteras Group will also hold an announcement ceremony for the TT AVIO Apartment Project (Binh Duong) with a maximum of 2,000 apartments. At a price of VND1.23 billion per unit, buyers can negotiate payment methods and receive low fixed interest rate support from the enterprise for many years.
A representative of CapitaLand Development (Singapore property developer) said that although the Orchard Hill project (Binh Duong) was launched on the market on 26/10, 90% of the apartments, amounting to 694/774 units, had been sold. Reserved.
Meanwhile, Namrong Investment Limited Partnership announced that it plans to invest the final apartment fund for the second phase of Akari City starting from 450,000㎡/㎡ in the second quarter of this year. And now Gin, the business continues to place its villa products in separate villa areas, Aqua and Park Village.
Along with the market, Can Tho Nam Long Real Estate will also launch 274 land products and ready-made commercial townhouses in the Nam Long II Central Lake urban area.
Launch of various promotional policies and flexible payment
To attract customers, real estate companies have launched many preferential policies favorable to homebuyers.
An investor in the TT AVIO project said the company would launch a special interest rate support policy for homebuyers in the project, subsidizing an interest rate of 12% for three years instead of six or seven months.
exchange youth onlineCEO of Cosmos Initia Housing Operations Department (part of Japan’s Daiwa House Group), Mr. Shin Ogawa, said that to reduce the payment burden, they have introduced a ‘payment negotiation’ policy that allows customers to choose. Monthly payment time and amount.
During the 3-year scheduled installment payment period, the customer can propose a payment schedule directly to the investor, and depending on the phased percentage amount, the buyer can choose to pay nothing, pay less or pay more.
The Conic Boulevard project is complete and is now available for sale with a flexible payment policy with a principal grace period of up to 60 months. – Photo: NH
Le Tien Vu, Vice President of EximRS, said that in addition to the pricing policy, the success factors of the current deal largely depend on the promotional policy and financial incentives of investors and the level of project completion.
Like the Conic Boulevard project, in addition to the “affordable” price of 37 million VND/m², it also offers flexible payment methods, with buyers paying 450 million (equivalent to 15%) to own an apartment.
In addition, the bank offers an interest rate of 18% per annum for 0 months, a principal grace period of up to 60 months, incentives of up to 10%, and free management fees for 2 years.
Likewise, CEO Nam Long said incentives of up to VND1.5 billion will be provided for customers to purchase houses and settle in Izumi City in the 4th quarter of 2024, for completed projects, or up to 202.4 billion VND if they complete the Akari City project and settle in the 4th quarter. You will receive an incentive of VND54.6 billion.
A real estate business investor in Ho Chi Minh City said investors holding ‘commodities’ at the end of the year should take advantage of ‘commodity release’ opportunities to attract cash flow before Tet.
Homebuyers today have two advantages. Interest rates and discounts of up to 10-15%, flexible payment methods… But the person said that not all projects have a good level of absorption and some are also having difficulty finding them. Buyers due to location factors.
There continues to be a shortage of affordable apartments.
Teo Construction Ministry, in the 3rd quarter of 2024, the country’s housing supply will have about 3,300 more completed apartments, mainly mid-range, luxury and high-end apartments, and apartment sales prices will increase by 4-6% compared to before. It will continue to increase. Last quarter.
In the third quarter of this year, the number of projects subject to future housing sales across the country was 55 projects, and the construction scale was approximately 21.3 million 117 households, an increase of 21.3% compared to the same period last year.
Apartment sales prices in the 3rd quarter of 2024 continue to increase in Ha Day, Ho Chi Minh City. Sales prices for new and old apartments rose 4-6% compared to the previous quarter, up 22-25% compared to the same period last year.
The recent rise in real estate prices in some areas is due to the influence of several factors, including rising land-related costs and rising apartment prices as affordable housing products fail to meet market demand. Depending on the region, sales prices increased 35-40% compared to the previous quarter.
