This is considered an optimistic forecast in the context of the HCMC market showing signs of decline for many consecutive quarters.
According to a report published by Savills earlier, in the third quarter, the whole city had 7,700 apartments from 14 new projects and the next phase of 10 existing projects. The total primary stock on the market as of the end of the third quarter reached more than 18,800 units, down 26% QoQ and 47% YoY. The total market trading volume was also not better, at over 10,000 units, down 30% QoQ and 13% year-on-year.
Previously, the supply of semi-primary apartments in the second quarter, according to the company ‘s statistics, also decreased by 11% QoQ and 30% YoY, reaching more than 25,400 units. Although, the overall market performance is better with about 14,400 transactions, up by 6% QoQ and 22% YoY.
Another report released by HCM City Real Estate Association (Horea) also forecasted that the real estate market in the last quarter of the year will see better development.
For example, at The Peak project – the last component of The Midtown complex – has just been launched by Phu My Hung last weekend. With the number of tourists interested in up to 2,000 people, the investor only approved 600 applications to attend the lottery and the successful sale rate was over 96% in just one morning.
Another project in the South area is Green Star Sky Garden of Hung Loc Phat Real Estate Company, which also started to launch sprints at the end of the year. Located on Nguyen Luong Bang Street, District 7, HCMC, the project has a scale of more than 53,000m2, including more than 100 villas and 903 apartments.
According to the latest data from the investor, Green Star Sky Garden apartment has a quite good consumption rate after 2 introduction sessions. Many subscription options are closed in the first and the second time customers visit the model house, mainly from the fact that they perceive the future living space, location and connection of the region. . Currently, the investor has boosted distribution through real estate floors in the South to quickly approach customers in need.
Representative of Hung Loc Phat said that most of the customers who come to the project are buying to stay. Due to the demand of living, they often consider many criteria such as planning cycle, convenient location, diverse project facilities to meet the living needs of residents and especially the prestige of the owner. invest.
“Meeting these key points is that investors can hold up to 80% of the ability to sell goods,” the representative said.
Statistics on specialized sites selling and selling real estate nhadat.vnexpress.net under FSell (e-commerce portal of VnExpress), the number of real estate listings in October has increased by 15% compared to the previous month and exceeded 50% compared to the first month of the second quarter. Most of the new products for sale are apartments with the number of successful transactions are on the rise.
Mr. Hoang Dinh Trung – Fsell project manager, said that this is a normal movement of the market over the years. The fourth quarter often falls into the peak period of the real estate market, due to customers’ demand for Tet holiday.
“This is also the time when overseas remittances flow to many, plus profit taking after a year of trading or hoarding people’s assets. These cash flows actively support the psychology of buying houses at the end of the year. of Vietnamese people “, Mr. Trung evaluated.
According to representative of Savills Vietnam, the attraction of real estate on the occasion of Tet holiday also comes from the picture of planning and improving products more smartly and attractive selling program of investors.
However, Mr. Duy acknowledged the good liquidity rate mainly recorded in projects with good locations, reputable investors, well-planned infrastructure, quality products, reasonable prices and full utilities. . In addition, the support factor of the sales staff is also mentioned in particular, as a factor that contributes to the ability of buyers to reduce their money.
“Salespeople who work together and support customers who come after buying or leasing are also contributing to the investment group’s confidence. Finally, the expected profitability of customers is also a The important factor determines the liquidity and liquidity time of that real estate, “said Mr. Duy.
The company forecast, from now to 2020, HCMC expects 124,000 apartments from 94 projects to be offered. In which, 32% of these came from district 9.