Why are handed over central apartments attracting customers near Tet?

Sôi động thị trường căn hộ cận Tết 2023

The end of the year is a bustling time for the real estate segment, especially apartments that are ready to be handed over and ready to move in. This is an inevitable development of the real estate market every year when cash flows start pouring in from bonuses, investments, savings, etc. In addition, the general psychology of home buyers is to find a place to settle down before the new year to have time to decorate their house for Tet.

Mr. Huy - a customer who wants to buy an apartment shared:“My husband and I have been working in Vinh for nearly 5 years. After Tet, we are preparing to welcome our second child, so the whole family cannot live in a cramped rented house. Instead of paying 4-5 million VND per month for rent, my husband and I decided to borrow more from both sides of the family, plus our available savings, to have our own house. Especially with Tet approaching, we want to buy an apartment that we can move in immediately so that our parents and family can come down to celebrate Tet and have a smooth spring.”

The apartments that have been handed over are the most sought after by customers near Tet. Photo source: Thanh Nien Newspaper

Statistics from real estate news sites show that the number of people buying and selling apartments nationwide increased sharply in the fourth quarter of 2022. In Ho Chi Minh City, the number of buyers increased by 23% and the number of listings increased by 29% compared to the same period last year. In Hanoi, the number of listings for affordable, mid-range and high-end apartments increased by 6%, 14% and 17% respectively. Similarly, in Nghe An, Ha Tinh, Thanh Hoa..., the apartment buying and selling market is also busier in the last months of the year.

Mr. Le Hoang (real estate broker in Vinh City) said:“From the beginning of the fourth quarter until now, customers in Vinh have mainly been looking to buy completed housing products in time for Tet. In particular, the apartment segment in the central location, rich in amenities, with full legal documents has received the most attention. Most of the real estate transactions in the fourth quarter came from this segment.”

The attraction of apartments right in the center of Vinh city

With the orientation of developing Vinh city into an economic and cultural center of the North Central region, in the future the city will be a "promised land" attracting a large number of experts and high-level workers to live and work, leading to a great demand for housing in the central location.

The reason why apartments in the city center are sought after is because this location not only provides convenient access to amenities and services such as schools and shopping centers, providing good learning opportunities for children and career advancement for parents, but is also the "golden key" that affirms the owner's position.

The apartment market in Vinh city center is increasingly scarce while demand is still increasing. Photo courtesy of Thanh Cuong

Moreover, compared to other cities such as Sam Son (Thanh Hoa), Quy Nhon (Binh Dinh), Ha Long (Quang Ninh)..., real estate prices in the center of Vinh City are still quite competitive. Ms. Nguyen Thuong shared:“I have studied and worked in Hanoi for more than 15 years but I still cannot buy a house because the price is too high. After moving to Vinh, I found that the apartment market here is still very cheap. If in Hanoi, apartments in the central district are often 2 times or more expensive than in the suburban districts and never cost around 1.5 billion, then in the center of Vinh, you can buy easily, even buy a luxury apartment with full amenities.”

However, in the context of tightening planning for new projects, the supply of apartments is gradually becoming scarce while demand is still very high, becoming a factor pushing up upcoming house prices, prompting home buyers to make quick decisions.

According to the majority of customers, in the center of Vinh city, there are currently 4 apartment projects that have been handed over and are considered the most livable. These are T&T Victoria, CT1B Handico 30, Vinhomes Quang Trung and Cua Tien Home.

Four apartment projects in the center of Vinh City are ready to hand over houses before Tet 2023.

The common point of these projects is that they are located in the core of the city center, easily connecting to utilities, entertainment centers and administrative - office locations such as Vinh market, Big C, Square, schools, hospitals, office buildings....

Expert Hoang Tuan commented:“Compared to the expensive price of land-based houses, apartments are a reasonable choice for young families with limited financial capacity. In addition, living in an apartment also has a clear view, enjoys a full range of utilities and is the most popular living trend today.”

In addition, the full range of internal facilities such as shopping mall, hanging garden, children's play area (T&T Victoria), kindergarten, sports area (Cua Tien Home) ... further adds to the attraction for multi-generational families. In particular, this is also a legacy asset for the future because real estate in the central location always has the potential to increase in price strongly over time.

The “no minus points” advantages make the apartment handed over, in the central location, become a smart choice for customers near Tet. It is not only a “place to live” to enjoy a happy life but also a safe and secure asset for future generations.