From the appearance of 400 million VND/m2 apartments in Saigon, looking at the apartment market in Nghe An

PV DNUM_BJZAFZCACB 15:06

(Baonghean.vn) - Recently, the real estate market has been stirred up by the appearance of apartments priced at 400-500 million VND/m2 in District 1, Ho Chi Minh City. This proves the change in the concept of living space of Vietnamese people; affirming that choosing to live in an apartment is a trend of the times.

Dựa án One Central HCM có giá bán 460 - 570 triệu đồng/m2 Nguồn: https://danhkhoireal.vn/one-central/

One Central HCM project has a selling price of 460 - 570 million VND/m22Source: danhkhoireal.vn

What do you see from the 400 million VND/m2 apartment?2in Saigon?

The real estate market has recently seen the emergence of two super-luxury projects, One Central HCM and Grand Marina Saigon. Both projects are located in the center of District 1, Ho Chi Minh City.

One Central HCM has a price of about 460 - 570 million VND/m2Grand Marina Saigon is for sale at around 420 million VND/m2.2These are record prices in the HCM City apartment market.

The customers of these apartments are the super-rich, the top group of rich Vietnamese, foreign experts and businessmen...

Những căn hộ chung cư tiện nghi đang ngày càng chinh phục được nhiều khách hàng Nguồn: https://holcim.com.vn/thiet-ke-noi-that-can-ho-tai-nha-trang
Comfortable apartments are increasingly winning over many customers. Source: holcim.com.vn
The appearance of these super luxury apartments is not a phenomenon but it reflects a change in the concept of choosing housing of Vietnamese people as well as the rich. Previously, most Vietnamese people preferred houses and land, but now choosing apartments is a new trend not only for young people but also for the rich, even the super rich.

That shows the increasing demands of customers for apartments. They do not hesitate to spend tens, hundreds of billions of dong for apartments that give them a classy and different experience.

Because it is suitable for the needs of Saigon, recently, villas worth tens of billions of dong, rented at a high price of 45 million/month, are still not popular with customers, while luxury apartments with a rental price of 50 million dong are easier to exploit.

Demand is high, quality is improved, so according to a survey, apartment prices in big cities have increased continuously in the past 5 years. For example, in 2015, the price of class C apartments was about 16 million VND/m2but now increased to 25 million VND/m2; It is expected that in the coming years, prices will continue to set new records.

Looking at Nghe An apartments at the present time

Lựa chọn chung cư cũng là xu hướng mới tại TP Vinh Nguồn: Báo Nghệ an
Choosing to live in apartments is also a new trend in Vinh City. Source: Nghe An Newspaper

With unique advantages such as: Reasonable cost, comfortable and modern life with synchronous utilities, services and guaranteed security system... living in an apartment is also the choice of the majority of young people in Vinh city.

According to market surveys, apartment prices in Vinh City have been continuously increasing in recent years. Customer demand is still leaning towards projects in central areas, with guaranteed quality, modern design and construction.

However, there are not many such projects in Vinh City. Moreover, according to information from the Nghe An Department of Construction, the department will stop issuing new construction permits for apartment projects in the center of Vinh City. This makes the supply of inner-city apartments even more scarce.

The impact of this policy, combined with the fact that Vinh City is an urban area with a high population density (population 545,180 people/area 104.5 km²), and has been approved for development into an economic and cultural center of the North Central region; further increases the "thirst" for people to own apartments.

Chung cư Arita Premier đang được xây dựng. Ảnh đồ họa dự án
Arita Premier Apartment is under construction. Project graphic image

Therefore, some rare apartments in the inner city area that are licensed like the current stage, for example: Arita Premier on Phan Boi Chau street, have become very "hot" in the market.

The apartment market in the country in general and Vinh city in particular will become increasingly vibrant and professional. However, in the context of skyrocketing construction material prices, the increase in apartment prices in the coming time will be inevitable. Therefore, in all aspects, now is the golden time for Vinh city residents who want to spend money and own their dream apartment./.

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From the appearance of 400 million VND/m2 apartments in Saigon, looking at the apartment market in Nghe An
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