From the appearance of 400 million VND/m2 apartments in Saigon, looking at the apartment market in Nghe An
(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.
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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 heart of District 1, Ho Chi Minh City.
One Central HCM has a price of about 460 - 570 million VND/m22Grand Marina Saigon is for sale at about 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...
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| Comfortable apartments are increasingly winning over many customers. Source: holcim.com.vn |
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.
Due to high demand and improved quality, apartment prices in major cities have increased continuously over the past 5 years, according to a survey. For example, in 2015, the price of a Class C apartment was around 16 million VND/m2.2but now it has 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
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| 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 still tends towards projects in central areas, with guaranteed quality and 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 apartment ownership among the people.
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| 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 more and more 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./.
