Specifically, the country’s economic growth in 2018 is expected to reach over 7% – the highest level in 10 years. Inflation index – CPI – after 11 months under 4% control. Also during this period, the country recorded $ 23 billion of foreign direct investment registered, with 25% of them – equivalent to $ 6 billion – poured into real estate.
With the leading role of the national economy, it is estimated that HCM City has a GRDP growth rate of 8.3% and attracts about 7.07 billion USD of foreign investment in 2018.
JLL Vietnam representative assessed these positive signals from the economy will have a strong impact on the real estate market, especially apartments in Ho Chi Minh City, in 2019. Forecast firms, next year, city There will be about 40,000-45,000 new apartments for sale with absorption rate continue to grow positively.
“Looking at the current market, all new projects are sold well, shown by the number of apartments offered and sold quite similarly. So I think the absorption rate of the market is still very lost. “Mr. Stephen commented.
In the context of the current quiet market, JLL noted that some investors still have profitability of 35-50% in some projects, if they buy apartments at the time of investors’ opening.
Demand for apartments is expected to remain positive in 2019..
According to data released by the company at the end of the third quarter, in the first 9 months of this year, HCMC recorded nearly 28,680 apartments for sale and 31,149 units sold. Accumulated total supply of completed apartments of the whole city is currently about 150,000 units, very small compared to the population size of more than 8 million people.
However, Stephen judged that, due to the new supply is plentiful, the selling price in 2019 will be difficult to have a sudden increase, but will control at an average of 4%.
According to a recent report, the HCM City Real Estate Association (HOREA) said the 2019 real estate market will face mixed opportunities and challenges. In particular, the important factor affecting the consumption rate of the market is the scarcity of clean land fund and policy to limit high-rise apartment buildings in the inner city from now to 2020.
Particularly in the apartment market, the high-end segment is expected to be more competitive, with the advantage of projects that develop towards green and smart real estate, creating a different and unique level. unique, integrated synchronization of many utilities, services, safety.
The advantage belongs to different development projects, integrating many utilities for residents.
Another factor evaluated by experts will be an important variable for the purchasing power of apartments in 2019 is the participation of foreign investors. Mr. Tran Duy Tien – Deputy General Director of Hung Loc Phat Company, the investor owns a land bank of 30ha in the southern area of Saigon – said that many foreigners in the neighborhood are increasing their investment proportion. into Vietnamese real estate, especially apartment type.
For example, at this investor’s Green Star Sky Garden project. 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. Since the announcement in mid-May, the project has 1,200 customers registered to buy, with more than 20% of which belong to the foreign sector.
“We identified the development strategy to make a difference to impress buyers, upgrade the life experience of residents by applying modern housing models around the world to Ho Chi Minh City, from That increased competitiveness for products, boosting sales, “said Hung Loc Phat representative.
Perspective overview of Green Star Sky Garden project.
Accordingly, all Green Star Sky Garden apartments are equipped with infrared nano baths, antibacterial nano paint and air purifiers. In the project site, there are hot mineral baths, wide spread gardens, landscape lakes with area of tens of thousands of square meters … In addition, a series of utilities such as Fitness & Wellness Center, Spa & Sauna are also invested. strong to help residents exercise.
“These investments are ‘weapons’ that make a difference and competition for Green Star Sky Garden, helping us to confidently market twice the number of apartments compared to previous projects in the market context. Businesses are optimistic about the absorption capacity of the product in the next openings in 2019, “said the representative.
Data from the Vietnam Real Estate Association show that the apartment segment remains the dominant product line in the housing market in HCMC, accounting for 94.2% of total housing products in development projects since in 2018. As of the third quarter, the proportion of high-class and mid-end houses is dominated, high-end, reaching 40.5% and intermediate level is 36.5%. The affordable housing segment accounts for a smaller proportion, only 21%. Absorption capacity of high-end apartments in Ho Chi Minh City is up to 78% and luxury products reach 100% absorption rate.