Nghe An real estate market: Cheap apartments still sell well

(Baonghean) - While land plots in real estate projects rarely have successful transactions, mid-priced high-rise apartment projects have many customers choosing them and this segment is starting to "warm up".

To meet the needs of customers who are young families, families with stable income, and at the same time create a comfortable and modern living space, high-rise apartment projects in Vinh City have recently developed strongly. Due to the increasing demand for apartment housing, Vinh City has attracted many investment projects to build high-rise apartment buildings, including projects that are invested synchronously with many high-rise buildings, technical infrastructure works, public works, etc., creating a civilized and modern urban architectural complex such as: Doi Cung apartment complex, high-rise apartments of TECCO, Nghi Phu apartment complex of Dau Khi, Quang Trung apartment complex of Muong Thanh Group, Loc Chau apartment complex (Cua Lo Town)...

Petroleum apartment building on 72m road in Nghi Phu commune (Vinh city).

At the Nghi Phu high-rise apartment complex (close to the 72m road) of Nghe An Petroleum Investment and Trading Joint Stock Company, the 11-storey building No. 1 (and 1 basement) with 54 apartments with an area of ​​82 - 98 m2 is currently being completed, but customers have already registered to buy all the apartments. The Hung Loc high-rise apartment complex project of TECCO Central Joint Stock Company is also an address chosen by many customers. Mr. Phan Xuan The, Commander of the Hung Loc apartment complex construction site, said: "Although this 7-storey apartment complex has just finished pouring the roof of the last floor, every day many customers come to see the house and register to buy, so the company is focusing on human resources and modern machinery and equipment to complete the project and hand over the houses to customers on April 30, 2016".

This apartment project includes 63 apartments, with an area of ​​61 - 66 m2. Although the apartment area is not large, the apartments are designed appropriately, meeting the utilities and functions, so currently more than 60% of the apartments have been registered by customers. The 15-storey commercial and social apartment complex in Quan Bau (invested by Kim Thi Real Estate Company) is also pouring the roof of the 15th floor and is committed to completing and handing over to customers in the second quarter of 2016. The project has more than 90 apartments registered to buy.

Muong Thanh Song Lam Apartment in Vinh City

Cua Tien urban area invested by DANATOL Nghe An Company with nearly 400 billion VND started construction of 2 18-storey apartment buildings, at CT1 building started on June 19, 2005. The investor's goal is to target young family customers, families with low income, so the apartment area is designed to be from 32 - 78 m2. In particular, the project simultaneously carries out the construction of apartment buildings, model apartments and a 13,000 m2 sports and fitness area including: football field, swimming pool, golf practice area, accompanying service buildings...

Currently, the province is implementing 122 real estate projects (most of the projects are concentrated in Vinh City), of which 72 real estate projects have been and are being implemented, thereby creating a huge source of land and housing with 8,748 plots of land and 7,108 apartments. However, recently, due to the strong increase in the high-rise apartment segment, many investors continue to develop new projects.

The demand for high-rise apartments in Vinh City is increasing sharply, especially at the end of the year, so investors are actively completing projects to hand over to customers, and at the same time coordinating with banks to implement the Government's VND 30,000 billion loan support package for customers to borrow to buy houses. Up to now, the banking industry has committed to lending customers VND 173 billion in the Government's home loan support package and disbursed more than VND 146 billion. With the active participation of relevant levels, sectors and investors in the real estate market, this sector has helped to have more products, providing more housing funds for the city with acceptable prices... This is a good sign for the real estate market in major cities of our province.

Hoang Vinh