High-end apartments are blooming in the provincial market

High-end apartments are blooming in the provincial market

From the beginning of the year until now, while the key market in Hanoi has been quite quiet due to scarcity of new projects, many northern provinces are vibrant with a series of new projects. Notably, the products in the provincial market launched during this period have a large number of high-end apartment lines, instead of the shophouse and adjacent villas as before.


The wave of investment in the province market has taken place in recent years. In fact, due to the abundance of land, projects in the province often develop large-scale urban models with land for villas, adjacent houses or shophouses. The condominium model, which is not popular in the provincial market, if it appears to be mostly social housing, aims to solve housing for low-income people. But from the beginning of 2019 to now, a series of luxury apartments have flourished in the provinces.


In Vinh Phuc, in early September, The City Light high-class apartment project opened for sale for the first time with the price of VND 19 million/m2. Located at the intersection of Nguyen Tat Thanh - Ton Duc Thang, of Vinh Yen City (Vinh Phuc), The City Light is positioned as a high-class product line, with an area of apartments from 40 - 108m2. Also in September, The Minato Residence project officially launched a model apartment with an open space featuring Japanese architecture... The Minato Residence is the first project in Vietnam controlled by the Japanese investor from design, construction, construction and management. On the area of 1.26 hectares in the urban area along Lach Tray River, The Minato Residence consists of two complexes: commercial buildings and high-class apartment buildings, providing the Port market with 926 apartments of 1-3 bedrooms, covers an area of 51 to 107m2.


From early 2019 to now, a series of high-end apartment projects have been blooming in the provincial markets. Illustration


Meanwhile, Hai Duong welcomed the first luxury apartment project including the condotel and officetel model, Apec Group's APEC Mandala Wyndham Hai Duong. Located at the crossroads of Le Thanh Nghi Street intersecting Yet Kieu and Thanh Nien streets, Hai Tan ward. The project has a total area of 1,541m2 with a scale of 250 apartments, divided into 2 separate functions: condotel and officetel, the area of the apartments ranges from 28-53 m2. APEC Mandala Wyndham Hai Duong is operated by the brand Wyndham Hotel Group - a large US hotel group.


Not stopping there, also in 2019, Apec investor continues to land in Lang Son with Apec Golden Palace project located at 85 Le Dai Hanh, Dong Kinh Ward, Lang Son City. The project has a total area of over 5,000 m2 with an investment of up to VND 1,000 billion. Apec Golden Palace consists of 30 floors, including 28 floors of apartments, 2 utility floors and 2 basements with a total of 728 units completed according to high standards, meeting all necessary services and amenities such as coffee, hot mineral pool, gym, yoga, kindergarten, community room, sauna...


It can be said that the presence of luxury apartments is contributing to the diversification of real estate products and forming new living standards in the provincial market. The high-end condominium segment in these markets targets high-class Vietnamese and foreign professionals who are working in industrial zones in the province.


Currently, Hai Phong, Vinh Phuc, Hai Duong and Lang Son are focusing a large number of foreign experts and engineers (mainly Japan and Korea) on working and working. This group of customers is very focused and requires high living space. They are willing to pay a high price for a satisfactory accommodation. However, the above provinces and cities are in short supply of high quality accommodation facilities. Therefore, luxury apartments will be in the focus of this group of customers.


A survey of Batdongsan.com.vn shows that the line of high-end apartments is strongly attracting local investors and investors from Hanoi, Quang Ninh and Hai Phong. The long-term investment plan is to buy and sublease. Investor Lai Dieu Linh (Hanoi) said that the investment rate of high-end apartments in the provincial market is always lower than in Hanoi, while the supply is rare and high demand, so she believes the rent will be much higher compared to renting apartments in Hanoi.


According to Hai Mien

The old project stirred up the Northern real estate market

The old project stirred up the Northern real estate market

According to the online data of Batdongsan.com.vn, Hai Phong, Hung Yen and Vinh Phuc are the 3 Northern markets with clear growth in traffic in August 2019. Notably, the most sought-after projects in these markets are old projects, formed many years earlier.


Specifically, in July and August 2019, Hai Phong real estate ranked first in the Northern provinces in terms of search volume. Particularly in July 2019, Hai Phong real estate traffic increased sharply by 36% compared to June 2019. In August, the city of red phoenix flowers continues to hold the first place in terms of traffic. However, the level of user interest compared to July 2019 only increased by 8%, focusing on projects Vinhomes Imperia Hai Phong, Hoang Huy Pruksa Town, Anh Dung Urban Area.



Hai Phong, Hung Yen and Vinh Phuc are the three Northern markets with the growth in traffic compared to August 2019 compared to July 2019. Source: Batdongsan.com.vn


In addition to Hai Phong, Hung Yen and Vinh Phuc are also provinces that focus the heat of the Northern real estate market in August. Interest in these two markets increased by 22% and 11% respectively compared to July 2019. The most sought-after projects are Aquabay Sky Residences (Ecopark, Hung Yen) and Flamingo Dai Lai (Vinh Phuc). Meanwhile, Quang Ninh and Bac Ninh - two provinces and cities that have always been in the "hot spots" of the Northern market in recent years, have had almost the same number of searches as last month, with no significant changes.


Notably, all three provinces receiving the attention of the users mentioned above are the markets with many new projects launched over time such as The Minato Residence (Hai Phong), The City Light (Vinh Phuc), Pho Noi House (Hung Yen)... However, these projects, despite strong media and advertising, but users still focus on looking for old projects that have been open for sale for a long time.


A representative of an exchange in Cau Giay distributing products of the provincial market said that new projects are in the process of approaching users, while the old projects have been put into operation for many years, creating Reputation, brand, proof of investment efficiency or quality of life should be more interested by investors and real buyers.


According to Bach Cuc

After the land hot status, how is the real estate market in the Northeast provinces at the end of this year?

After the land hot status, how is the real estate market in the Northeast provinces at the end of this year?



According to the Vietnam Real Estate Brokers Association, at the end of 2019, the real estate market in provinces like Bac Giang, Bac Ninh, Hung Yen, Vinh Phuc, Quang Ninh... is still exciting, not only the segment of land plots attracts visitors but also apartments are now thriving in many areas.


According to Mr. Nguyen Van Dinh - Vice Chairman of Vietnam Real Estate Brokers Association, in the past few years, the Northeast has been emerging as a potential real estate market, with full advantages of tourism and services. and industry, becoming the promised land for real estate investors.


Mr. Dinh said, from 2018, the real estate market in the North, especially in the Northeast, has witnessed rapid growth in provinces such as Bac Giang, Bac Ninh, Hung Yen, Vinh Phuc, Quang Ninh... These are "hot spots" of the Northern Real Estate Market when many real estate giants simultaneously poured capital to explore Real Estate with potentials for business, trade and tourism.


"Recently, in big cities like Hanoi, Ho Chi Minh City... the land fund is not much, the land price is many times higher than neighboring areas, so real estate investors have decided planning to find opportunities in new lands, great potential and many development advantages", Mr. Dinh emphasized.


According to Mr. Dinh, after the hot period land at the end of 2018 and early 2019 in many areas, the real estate price in the Northeast markets has increased significantly, there are areas that double or triple the price compared to the previous 5-year period. Currently, the market has passed the status and is at a stable time.


"The Northeast region is considered to be the axis of the East-West economic corridor linking Guangzhou - China with Vietnamese seaports planned to develop transport, urban and industrial infrastructures. Besides, This is a region with a large population, a large number of immigrants from other regions who come to work and live every year, which are attractive factors for industrial development, creating leverage to boost the real estate market", Mr. Dinh said.


Many apartment projects are springing up in industrial capitals.


According to Mr. Dinh, besides the segment of land plots and ground houses, the Northeast Real Estate market, especially industrial capital such as Bac Giang, has started to appear a series of new real estate products such as common houses. apartments, offices, commercial centers, hotels... and especially high-class serviced apartments.


In Bac Giang, Apec Aqua Park high-class apartment project invested by Apec Group is located in an area of 8927m2 on Nguyen Van Cu street, arterial road, the center of Bac Giang. The project owns a chain of commercial center, shophouse, international kindergarten, spa, gym, meditation garden, infinity pool, sky bar... These two apartment towers will be Swiss Spirit Hospitality - The world's leading brand in hotel management and operation.


Each apartment here costs from 700 million - 1 billion. Some serviced apartments at the project are guaranteed 10%/year for 5 or 10 years. With a total investment of more than VND 1,600 billion, after completion, the project will provide about 1,000 luxury apartments to the market. Apec Aqua Park is expected to solve the problem of lack of luxury apartments for foreign experts working in Bac Giang.


In addition to Apec Group, a series of other investors have quickly built houses for foreign experts such as Him Lam Land with Him Lam Green Park, Bach Viet with Areca Garden apartment projects, the Group Progress with Green City apartment project... Especially among the 6 projects that FLC is planning in Bac Giang, there is also a high-class apartment project.


It is known that, with high demand while the supply is only at a small level, the liquidity of apartment segment in the Northeast provinces with large industrial potential is always high. According to the real estate transaction market report of Vietnam Real Estate Brokers Association 2018, the sales of apartments and land plots in Bac Giang always achieved liquidity of over 60% of the number of launches.


"Despite that, the majority of apartments in the mid-end segment and high-end projects in Bac Giang are still relatively scarce", said the Vietnam Real Estate Brokers Association's 2018 market report.


According to experts, the home segment for foreign experts is extremely potential, especially with the apartment segment. In terms of investment rate, if buying a 2-bedroom apartment worth about VND 3 billion - VND 3.2 billion in Hanoi can be rented at VND 15 million/month, the investment value falls within 5.5% - 6%/year. For Bac Giang market, the purchase price of apartments is only about 1/3, fluctuating around 1 billion VND, but it can be rented up to around 10 million VND/month, profits are much higher.


However, experts also believe that apartments near industrial parks are having high liquidity, good rental rates, showing quite attractive investment opportunities. However, this is also a niche market that requires the resonance of many factors. There are at least 4 conditions for an apartment project to be rented to a foreign expert near an industrial park to be successful.


Firstly, the infrastructure and utilities around the project must be closed and complete. Secondly, security and management services, operating within the project, must be very good. Thirdly, the apartment is built with high quality, designed and furnished in a methodical manner, with the tastes of foreign experts. Fourthly, the project must have a good connection with large-scale industrial zones - clusters, abundant demand for management of foreign managers and experts, to ensure the output for investorst to buy an apartment for rent.


According to Nhat Nam

How is Vietnam's industrial real estate developing now?

How is Vietnam's industrial real estate developing now?

According to Savills Vietnam, if the development of a specific industry in the world becomes important because this activity helps to bring operational efficiency. Meanwhile, in Vietnam, clusters of industrial parks are scattered, making rental performance is not high.


According to this unit, in highly industrialized countries, concentrated development by specific industries becomes important because this activity helps bring operational efficiency. This means that centralizing an industrial cluster in an area will be much more efficient because the steps in the manufacturing process will be close to each other and synchronized.


The value of focusing on cluster development has been recognized for individual industrial sectors. This also allows provinces or regions with low competitiveness to develop and compete more effectively. At the policy level, it is also beneficial for tenants to focus on areas by industry, instead of the context of separate and scattered industries across the country.


Meanwhile in Vietnam, industrial zones have almost no cohesion. This is considered a missing point on the map of Vietnam industrial real estate. Research on this unit points out, locating 190 industrial tenants according to Vietnam's economic sector level 1 "Wholesale and retail; repairing automobiles, motors, motorbikes and other motor vehicles” shows that tenants are scattered across the country, with a few exceptions in Hai Phong.


Hai Phong is a locality that has a strong development of electronics industry but is now developing auto industry. With favorable infrastructure being gradually completed and close to major markets, this will be an outstanding industrial locality.


Long An currently has low rents and will benefit from connecting Ben 3 belt.


Meanwhile, Binh Duong is currently benefiting from the proximity to Ho Chi Minh City and has recorded a rapid increase in land prices, which has also increased the value of land in neighboring areas.


According to Savills, industrial real estate is heavily influenced by infrastructure, depending mainly on the distance to the source and destination markets. Because industrial land is quite similar, these operational variables will have a great influence on tenants. The concentration of industrial clusters will increase efficiency in finding tenants.


The future of the industrial real estate market lies in moving up the value chain, towards high-value industries or industries in the third sector of the economy - service industries.


“With that trend, pay attention to Da Nang: this market seems to be overslept but there are all prerequisites for developing high-value industrial real estate” said Troy Griffiths, Deputy General Director. Savills Vietnam Governor emphasized.


According to Ha Vy

Investors increasingly "prefer" the old style real estate

Investors increasingly "prefer" the old style real estate

According to JLL Vietnam, "non-retail" businesses are not outside the "wave" of hunting for old buildings. Old buildings in Saigon are quite busy with the presence of startups and the need to find nostalgic restaurants of millennials.


This research unit said that, in the context of the real estate market shortage of supply, more and more investors are eyeing the old style real estate in the city center. The value of these old buildings is huge.


Currently, in big cities there are many old buildings. According to JLL, the upgrade and reuse of these properties create opportunities for new investors to enter the market and increase the value of real estate. Old buildings may no longer fit the needs of the present, but once these buildings are properly modified they will create attractive destinations.


Thanks to a long tradition of history, Vietnam's large cities possess a sizable number of heritage buildings, and large alleys result in smaller and narrower alleys. If the previous generation always prioritized the fronts of the retail business, today's generation is quite interested in the old places in the alley. Thanks to the nostalgic trend of young people, big cities in Vietnam are witnessing a strong recovery of old-style buildings, instead of having to dismantle to build a new building.


For example, long-standing apartment buildings on roads like Ton That Thiep and Nguyen Hue in District 1, Ho Chi Minh City have always had a steady flow of people and won the hearts of young people over the years. Recently, thanks to the emergence of a series of cafes and eateries with minimalist, ancient, unique décor, the narrow but quaint staircase stairs, along with many small clothing shops inside makes the very attraction of the old apartment buildings.


This creates value for the old style real estate, meeting the needs of young people and the tourism industry.


According to JLL, businesses "non-retail" are not outside the "wave" of hunting for old buildings. For example, shared office Toong has successfully transformed many unused spaces in old buildings, bringing modern and traditional breath into the workplace. In Vietnam's big cities, the once-forgotten "old" buildings are also busy with the startups' presence and the need to find nostalgic eateries of millennials.


However, not all old buildings have been successfully restructured. Good location is a prerequisite for the success of this model even if the original function of the building is no longer suitable to the current needs. Old buildings with quality structures and flexible floor space are a great advantage for reuse.


In addition, safety is indispensable for investors who want to participate in this segment. Many old buildings are gradually degraded, damaged by systems, insects and moisture. The absence of building management and any lack of fire protection equipment is a very dangerous threat.


Therefore, investors need to consider safety issues for the building seriously, must be aware and understand all the problems of the building before re-operating.


Besides, according to JLL, investors also need to hurry and create new models to be able to catch up the trend when the price is still affordable.


According to Ha Vy

House prices are constantly rising, Ho Chi Minh City seeks new housing development solutions

House prices are constantly rising, Ho Chi Minh City seeks new housing development solutions



According to the Department of Construction, the city's housing demand for the 2016-2020 period is 40,000,000m2 and 45,000,000m2 for the 2021-2025 period. Forecast of housing demand in the period 2026 - 2030 is 50,600,000 m2 of floor area and period of 2031 - 2035 is 56,900,000 m2 of floor area.


Mr. Le Hoang Chau - Chairman of Ho Chi Minh City Real Estate Association (HoREA), said that currently Ho Chi Minh City has about 8.9 million permanent residents, including those registered for temporary residence over 6 months, with an average increase of 183,000 people/year for the last 10 years. Every year, Ho Chi Minh City has about 60,000 new babies and about 50,000 new married couples.


In particular, Mr. Chau cited data from the Department of Construction that Ho Chi Minh City has about 476,158 households without housing or living with parents, relatives, accounting for 23.46% of the total number of households. It is worth noting that there are about 21,000 households living on and around the canals and about 35,000 households living in the old apartments that need to be renovated, refurbished or relocated.


HoREA President said that the barrier for low-income people in urban areas when creating housing is the shortage of affordable and affordable commercial housing products, lack of social housing; lack of low-price rental housing. On the other hand, house prices are 20-25 times higher than average income while in developed countries, house prices are only 5-7 times.


Meanwhile, the State has not had a credit policy to support middle and low-income people in urban areas to create houses, except for the VND 30,000 billion credit package for the period of 2013-2016. The social housing policy under the Housing Law 2014 has only been able to support the house purchase credit for about VND 1,000 billion with 15-year installments.


Mr. Tran Khanh Quang, General Director of Viet An Hoa Company, said that in order to create conditions for people with houses, the city could consider about 10 hectares of land in development planning areas to build. housing for low-income people. If this can be done, the real estate market in Ho Chi Minh City will develop sustainably, do not deflect the supply and demand phase and reverse the situation of buying houses to invest more than buying houses to serve actual living needs as at present.


"Because of the supply-demand gap, people with stable monthly incomes cannot afford houses and social housing falls into the hands of buyers to invest, accidentally pushing up home prices. In addition, HCMC There is a need to have a policy of legal support to build 40-50 m2 houses for low-income people, and interest rate support policy for first-time buyers at 6 -7%, which is 3-4% lower than the market, in the first 3-5 years so people can buy houses", Mr. Quang added.


According to Mr. Nguyen Thanh Phong - Chairman of Ho Chi Minh City People's Committee, there are still a large proportion of workers, especially immigrants, low-income people living in cramped, old, unsecured conditions about hygiene and safety. Most of these subjects are not able to own houses, even to rent houses with suitable prices is difficult.


Therefore, the focus on building housing development mechanisms and solutions to ensure social security, especially social housing, affordable housing for rent to meet the huge demand for housing for low-income people, immigrants are big demands for a special city with a high level of urbanization like HCMC.


Regarding the housing development orientation of Ho Chi Minh City for the period of 2021 - 2035 is to develop housing to ensure compliance with the city's construction planning in the direction of smart cities, maximizing the efficiency of information technology and utilities of the urban areas and housing towards modernization, energy saving, sustainable development...


At the same time, housing development is associated with the development of Ho Chi Minh City from a regional development perspective, Ho Chi Minh City is a multi-center city with modern transport system, connecting satellite towns and nuclear cities. Invest in developing a complete and complete urban infrastructure system, focusing on regional connectivity to create a solid basis for housing development...


Promote the development of condominiums in the direction of increasing the proportion of condominiums in the total number of newly developed houses annually, increasing the proportion of houses for rent and encouraging the development of social housing suitable affordability for low-income people, especially social housing for rent...


In addition, Ho Chi Minh City will have a priority policy, encouraging businesses to participate in the development of social housing, affordable housing, cheap housing. For managers, the Ho Chi Minh City People's Committee will request departments and agencies to accelerate the resolution of administrative procedures related to housing, especially social housing.


In terms of housing support policy for some cadres, civil servants, the city has also raised the social housing loan for officials, public servants and public employees from 500 to 900 million dong, interest loan rate of 4.7%/year for a period of 15 years to buy houses, so far, the capital has disbursed 15,000 billion VND…


Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that in the coming time, in order to build housing for people effectively, the city needs to review land use plans to arrange houses in a reasonable way for specific circumstances, avoid scratching, spreading; the city needs to strengthen the direction to promote management and development of social housing for low-income people in the districts, evenly distributed; focus on mobilizing financial resources from socialization to have more housing supply for the plentiful people to choose.


At the same time, creating favorable conditions for people to buy houses and rent long-term and pay in installments monthly to have a dream house; continue to step up administrative reforms, accelerate the specific planning of sub-areas of projects and publicize them to people, avoiding the case of buying "virtual" projects and ghost projects; strengthening inspection and checking of housing projects, speeding up the implementation of the project and in a way that benefits people...


According to Nam Phong

The wave of investment in coastal land plots come to new lands

The wave of investment in coastal land plots come to new lands



Both businesses and individual investors are tending to move strongly to areas with beautiful beaches, and potential for tourism makes real estate prices here tend to rise sharply. Phan Thiet, Mui Ne, Quy Nhon, Thanh Hoa... are considered new lands attracting strong cash flow of investors at this stage.


Warm up transaction


According to experts, if previously in the tourism markets, the majority of real estate types such as hotel apartments, villas, townhouses, and shophouses are now emerging in the emerging market. Land plots, which are considered to attract strong cash flow and demand of real estate investors because of soft prices while the ability to increase prices and profit margins are quite high.


The investment movement of both real estate enterprises and individual investors has led to investment activities in emerging real estate areas such as Quy Nhon (Binh Dinh); Mui Ne, Phan Thiet (Binh Thuan), Quang Nam, Quang Ngai, Thanh Hoa... are busy recently.


Compared to the tourism capitals like Da Nang, Nha Trang, and Phu Quoc, these emerging markets have only really been known by investors in the last 1-2 years. A series of well-known real estate enterprises such as VinGroup, FLC, Novaland, Phat Dat, Hung Thinh, DKR... at the same time attacked this market, making this place a focus of individual investors recently.



The land plot segment is considered to attract the cash flow and demand of real estate investors because of the soft price while the ability to increase prices and profit margins are quite high.


Transactions on projects therefore also increased heat. Some 1,300 plots of Nhon Hoi New City project have been ordered, thousands of second house products belonging to Novaworld projects of Novaland Group have also been registered to buy, Quy Nhon Melody project in Binh Dinh has also attracted the attention of investors; Or another recent land project is causing "hot status" for investors in the North is the Quang Phu Residential Area (Sunrise Residence) in Thanh Hoa with the price of land sold from only 9 million VND/m2 is also attracting. be investors...


Meanwhile, some other emerging markets such as Mui Ne, Phan Thiet (Binh Thuan), although some projects have been incomplete, there is an undeniable level of interest from real estate investors coming to new projects in the market are quite high. In particular, according to businesses, affordable products are best absorbed.


According to experts, coastal real estate, especially in markets with plenty of tourism development space, is receiving great attention from buyers because of the scarcity of clean land, high profitability, in when the investment cost is low. Besides, the secondary price increased strongly along with the preference for land plots, which made trading in these markets so hot.


Prices rose sharply on the secondary market


Businesses noted that in the last 1 year in the markets such as Da Nang, Nha Trang, and Phu Quoc, the price increase was very low due to the excessive supply, leading to the saturation situation, partly due to the legal status of the condotel. also affected a lot to psychology of investors' money. Meanwhile, Binh Dinh and Binh Thuan are two emerging markets with significant price increases in the past 6 months.



Mr. Nguyen Hoang Son, Deputy General Director of Sales and Marketing of Danh Khoi Real Estate Company (DKR), said that Quy Nhon market is not much in terms of supply, while the demand from investors is increasing.


From a geographical perspective, Quy Nhon is unlikely to expand its land bank, because the East borders the sea, the West borders on the mountains, the North is forming industrial parks, so the ability to expand the land fund is only left. is in the South, meaning the area that is forming Nhon Hoi Economic Zone. It is the scarcity of land, while the demand is high, that has led to a rise in housing prices.


Indeed, according to the survey, the neighborhood of the city with connected transport infrastructure, which is the center of Quy Nhon tourism such as Nhon Ly and Nhon Hoi has a price increase of 4-5 times compared to the period of 2014 - 2017. Especially for projects near large resort populations in Nhon Hoi Economic Zone, land prices are also on the rise.


According to experts, the level of price increase will continue when these areas have the advantages of complete transportation infrastructure thanks to the synchronous construction investment planning and the gateway to many domestic and international tourist attractions in Binh Dinh such as Ky Co, Cu Lao Xanh, Eo Gio...


Meanwhile, the golden land plots in the center of Quy Nhon city have a strong growth rate. There are routes that reach the threshold of VND 100-200 million/m2, a number of times higher than the previous years.


Talking about the secondary price increase of real estate in coastal areas, Mr. Ngo Duc Son, General Director of DRH Holding said, from the beginning of the year, only Quy Nhon recorded the strongest increase from 40-60 % and the south of Binh Thuan like Ham Tan, Lagi; In Bac Ba Ria like Binh Chau, the price growth is about 20-30%/year.


According to Mr. Son, from June 2017 to December 2018, coastal real estate prices generally increased sharply. Long Hai, Long Dien and Ba Ria area increased by about 70%. In Cam Ranh, Phan Rang, some places in Phan Thiet such as Thien Nghiep, Lagi and Tien Thanh, the price increased by 150%. Particularly, Da Nang and Nha Trang had previously increased sharply, so this period only increased slightly by 20-30%/year.


According to experts, although coastal real estate has had a strong growth in recent years, it is still relatively "soft" and the room for the increase is still large. The scarcity of land fund and the intensive hunting of businesses are considered the reasons for the sharp increase in coastal land prices over the past time.


In addition, the potential for tourism in emerging markets is also the reason for the sharp rise in the price of secondary real estate. For example, according to statistics, the number of international tourists as well as domestic tourists to Quy Nhon in general and Nhon Hoi in particular has increased in recent years. It is forecasted that by 2020, the province will welcome 5.5 million visitors, including 800,000 international visitors, the average tourist growth rate is more than 20% per year and will continue to increase when inter-regional infrastructure From road to air are interested in investing.


Regarding the total, according to CBRE, in the first 10 months of 2018, the number of international visitors to Vietnam reached 12.8 million, up 22.4% over the same period in 2017 - the leading growth rate in Asia, especially In the first 6 months of 2019, international visitors to Vietnam reached approximately 8.5 million (up 7.5% compared to the same period in 2018). In particular, the number of tourists flocking to emerging tourism markets, still wild as Mui Ne, Quy Nhon, some areas of Quang Nam, Quang Ngai increased sharply is considered the cause of the real estate market in these areas bustling according to real estate investors.


According to Ha Vy

Consult ministries and banks on real estate transaction inadequacies

Consult ministries and banks on real estate transaction inadequacies

The Government Office asked ministries and banks to comment on Ho Chi Minh City's proposal to solve real estate-related shortcomings before September 30.


Specifically, the Government Office asked the Ministry of Justice, the Ministry of Construction, the Ministry of Finance, the Ministry of Natural Resources and Environment, and the State Bank of Vietnam to comment on the Official Letter No. 3753 of September 13, of Ho Chi Minh City People's Committee, in order for The Department to submit to the Prime Minister for consideration and decision.


Previously, PLO on September 18 published "Ho Chi Minh City to propose the Prime Minister to remove real estate transactions" reflecting current regulations on real estate transactions, especially real estate formed in The future is generating many difficulties and obstacles in the above petition of Ho Chi Minh City.



Buyers need to carefully review the project's documentation before buying any money. Artwork: HTD


Four proposals and recommendations of Ho Chi Minh City include: Amending regulations on future real estate transactions of investors with credit institutions, individuals and organizations in the direction of notarization to ensure the strictly, protecting the interests of customers and preventing violations of enterprises operating in real estate business (if any).


Specific provisions on real estate transactions through the form of "Contract of capital contribution", "reservation"... for future houses in housing construction investment projects.


Additional administrative sanctions "suspending real estate business up to 12 months" for acts of non-disclosure, incomplete publicity or incorrect content of the status of real estate as prescribed.


According to Kim Phung

Where are real estate investors "dropping money" to expect big wins at the end of the year?

Where are real estate investors "dropping money" to expect big wins at the end of the year?

Not only has coastal land in the central provinces, condominiums in industrial "capitals" are the year-end target of real estate investors.


Recently, in many lands along the Central region with great potential for tourism, yet to be explored, are the areas attracting strong investors. These include Sam Son - Thanh Hoa, Cua Lo - Nghe An, Dong Hoi - Quang Binh, Quang Tri, Hue... Land prices increased unprecedented, there are areas where prices doubled in just 6 months.


In these markets, along with housing fever is a series of large projects that are landed by investors in the market. The common point of most of these resort projects is that they are developed according to a well-invested model of tourism and entertainment projects.


In Thanh Hoa, it can be mentioned as a super project of entertainment area of 1200hectares in Sam Son, invested by Sungroup. Vingroup is also conducting research and planning of a resort project next to Cam Luong fish stream, with an area of about 17.8hectares and another project in Ho Thanh area, Thanh Hoa city.


Following the big boys, a series of small businesses also rushed to build satellite towns on the axis of the 47th junction, South Song Ma Boulevard connecting the center of Thanh Hoa new city to Sam Son. It can be mentioned as Quang Phu - Sunrise Residence project in Quang Phu of Ha Thanh Financial Corporation - JSC is being aggressively opened for sale by investors with only about 8-9 million VND/m2.


Central coastal land plots are a magnet for investors' cash flow.


In Nghe An, the super-project of Cua Hoi entertainment area of Vingroup with a total investment of nearly VND 5,000 billion and a scale of 195.5 hectares preparing to deploy is also heating up the coastal land market. A series of projects adjacent to the Cua Hoi entertainment area have been developed by investors to "wave".


Recently Bao Khanh Hamico Group has announced the Cua Lo Beach Villa project of nearly 16 hectares. This is one of the leading Cua Lo hotel, villa and townhouse complexes with nearly 150 villas - town houses, 5-star hotel area of 3 hectares, 3-star hotel area of 1 hectare, 1 hectare for supermarket and 1 hectare for sport area. According to information from the investor, just after half a month of publication, the project has nearly 300 customers. This is the highest ever transaction number in Nghe An real estate market.


In addition to the hot coastal areas, the real estate market also witnessed the return of old markets such as Phan Thiet, Mui Ne in Binh Thuan, Ba Ria Vung Tau. If at the beginning of the year This witnessed a "rush" of dizziness, then moved to the last months of the year after the information of Phan Thiet airport was about to start and a series of other policy mechanisms pushed the real estate market here again.


Large-scale and well-invested tourism and entertainment projects are attracting tourists.


Evidently, after the first phase of boom at the end of the year, a series of projects have sprung up to phase 2. It can be mentioned as recently Hung Loc Phat has launched the Mui Ne Summerland Resort project phase 2. This is a entertainment complex. and party in the model of Lasvegas, miniature Macau with walking street and festival road of more than 2,000m, the first 10,000m2 water park in Phan Thiet, a giant restaurant on the river. According to information from the investor, although phase 2 has just started to release, the number of interested customers has exceeded expectations.


In addition to coastal land, another segment is also creating heat in some areas of "capital" of industrial parks which are apartments for workers, experts and foreigners. In this segment, the hottest is to mention the Binh Duong market when the new supply of apartments from the beginning of the year has been 5.3 times higher than the terraced houses despite the huge land fund for low-rise houses here, according to the JLL report.


Thanks to being the capital of an industrial park with a occupancy rate of over 90%, Binh Duong has a vibrant apartment market due to the needs of locals and workers and a huge force of experts. Evidence at the event announcing the Charm City complex to the market on July 21 has attracted nearly 1,500 investors, 3 times the amount of goods launched by DCT Group. This project also quickly sold out after a few months of opening.


Investing in apartments in industrial capitals is a piece of cake that many investors are looking forward.


Most recently, the Ruby Group has announced the market of Thinh Gia Tower with a scale of over 1,000 luxury apartments in the heart of Thinh Gia Residence urban area (Ben Cat town). The project is a 25-storey apartment block of which 21 floors of apartments with 1008 units priced from VND 18 million/m2, 3-storey commercial center with 34 shophouse units.


While Ben Cat is welcoming a series of "big" industrial parks, Thinh Gia Tower is the first and only high-class apartment tower in Ben Cat Town to date. Therefore, it is not difficult to explain when the project was announced to the market with impressive sales results, sold out in the first launch.


In Binh Duong, the price of apartments is only around 20 million. The apartment is located near the big road, convenient transportation, complete furniture, prices from 1.2 to 1.5 billion, can rent over 10 million/m2, profit margin up to 8-10% may have attracted real estate investors in Ho Chi Minh City and Hanoi to invest money to buy apartments for rent.


It can be said that the real estate market at the end of the year is very exciting. Investors are tending to look for coastal provinces, which are the poorest lands in the country, rich in tourism potential but not yet exploited, low-cost apartment market but high rental profit margin.


According to the explanation of experts, this is inevitable. In most of the major resort markets such as Nha Trang, Da Nang, Quang Ninh or the apartment market of Hanoi, Ho Chi Minh City... the real estate price has been pushed up after a period of hot development, the room for increasing prices is no longer available. Currently, many new lands with great potentials but low land prices, strong room for price increase are of great attraction to investors.


According to Nam Anh