Experts believe that the real estate market in Ho Chi Minh City is in a state of continuous observation and adjustment, showing that there are positive signs allowing hope for recovery, albeit modestly.
There are many positive signs of the real estate market in the last months of the year, such as the launch of the luxury apartment project Eaton Park, accelerating disbursement of public investment, completing Metro Line No. 1, and expected land clearance. by Metro Line No. 2, starting construction of component projects on key belt routes in the Ho Chi Minh City area.
Director of Dat Xanh Research Institute Pham Anh Khoi said that the general market is in a state of continuous observation and adjustment and has positive signs that allow waiting for a very modest recovery.
In Binh Duong province, the apartment supply is the next phase of old projects in An, Thuan An, and Thu Dau Mot towns such as Bcons Lavita Thuan An, HT Pearl, Pearl, and The Maison.
However, experts say that even if the supply is the apartment segment, it will be the growth driver in the following months in 2024.
The apartment segment will still be very attractive because of high demand and liquidity. The current apartment supply is quite abundant, and there are many projects to choose from. The fact that businesses "jointly" develop low-cost housing means that its sustainability is higher, thereby relieving people's "thirst" for housing.
According to the Ho Chi Minh City Department of Construction, foreign investment capital in the real estate sector has also increased. In the first quarter of the year, foreign investment capital reached only $6.9 million, but in the first two quarters of the year this figure was at $131 million. This demonstrates the interest and expectations of foreign investors in this field, as well as their willingness to invest capital in the real estate market.
Although demand remains very high, supply will increasingly account for only about 8 to 10% of apartment supply; Apartment prices will continue to increase...
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