While condominium segment condotel is expected to level off, the land segment in many areas in Hanoi and Ho Chi Minh City is expected to have many opportunities to increase prices.
The real estate market in the last months of the year, said Vu Van Phan, deputy director of the Housing and Real Estate Market Management Department, Ministry of Construction, said that the final months of 2018 would not change much.
Specifically, Mr. Phan said that in the segment of apartment housing demand for social housing, low-priced commercial housing next year will continue to increase, especially in developed urban areas. However, the market will have the segmentation of the ability to consume in each segment …
“In 2018, the ability to continue the excess supply of medium and high-end apartments, lack of popular apartments. Products in the popular segment of prestigious investors forecast high liquidity; High-end products are forecast to slow down. In some areas, real estate prices fluctuate slightly in each segment, “he said.
As for the resort market, representatives of the Ministry of Construction said that there are many projects are offering with many promotional methods, the supply of condotel tourist apartment is very large, forecasts 2018 apartment market Tourist condotel will tend to level off.
There is a positive outlook for the market from now until the end of 2018, said Nguyen Manh Ha – Former Director of the Management and Real Estate Market Vietnam – Chairman of the Association of Real Estate Brokers in Vietnam. In the last few months of the year, the market has remained stable.
“Particularly for suburban land with complete infrastructure, located in areas where many roads have been completed in both Hanoi and Ho Chi Minh City will tend to increase,” said Ha emphasize.
Observations on the market show that at the moment in the segment, the land is still the most vibrant segment, especially the land in the central districts of HCMC and the coastal area. According to experts, land scarcity in Ho Chi Minh City has pushed land prices of surrounding provinces to increase in the first quarter.
According to statistics open sale adjacent, villas in the city last time not much. In Ho Chi Minh City, there are some projects for sale in the first quarter and high results.
As for coastal provinces such as Long An and Dong Nai, mainly in areas bordering Ho Chi Minh City in the first quarter open sales are 2,009 floors and 1,895 floors / townhouses.
For the apartment segment, since the Carina apartment fire in March has affected the entire market, resulting in a decline in liquidity in both Hanoi and Ho Chi Minh City. In addition, the current supply in the market is quite large so it also affect the liquidity of each project.
In the segment of real estate resort, if the real estate market in 2017 is quite exciting with its main product condotel hotel is in 2018 this segment is quite quiet due to the legal status of Condotel is still quite dim. In addition, investors have started to feel the risk in the story of profit commitment of investors.
According to InfoNet