With the policy of "Ho Chi Minh City" and the unique mechanism approved by the National Assembly, HCM City will focus on the development of satellite urban areas in cities and urban areas. expensive.

Property market will continue to grow steadily

At the recent construction industry summit, Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association (VNREA), said that the concern about the "bubble" was lacking on the basis of the numbers. liquidity when the volume of transactions this year increased sharply compared to 2016.

As noted by VNREA, in 2017 there are 64,263 transactions successfully, stable real estate prices. In particular, apartment prices increased slightly about 5%, land prices increased about 10%, inventory continued to decrease 17% (as of November 20, 1977 to more than 25.700 billion).

HCMC real estate market is still on the rise.

According to Ho Chi Minh City Real Estate Association (HoREA) credit in the real estate sector continues to grow within the safety limits. From 2015 up to now, the real estate market has seen a high growth rate of 4.07% compared to 2016, contributing 0.21% of total GDP growth in 2017.

Considering the real estate market in HCM City, according to expert Dinh The Hien, the capital poured into the field is quite plentiful, from credit, capital to the people to FDI. In 2017, FDI poured into real estate in HCM City ranked second reached about 1.6 billion USD, while about 22% of about 5.2 billion USD remittances to the city last year was poured into real estate.

In addition, the expert said that in 2018 investment capital in real estate continues to increase, including the stock market also play the role of promoting the growth of the real estate sector, more or less create a shift of capital flows to real estate. to realize the property.

The supply of real estate is moving quite clearly to the project products green, intelligent, medium and small apartments to meet the increasing demand.

Many opportunities for real estate in the suburbs of 2018

West Saigon real estate has many promising developments in the near future.

2 trends of the market

It is easy to see that the development of the market in the outskirts is creating two new trends in the market, that is moving the area in parallel with changes in product structure.

HCMC is changing the purpose of using about 1/3 of agricultural land fund into industrial land, services, urban land; smart urban construction; To develop the highland areas in the west and northwest. At the same time, to concentrate on the development of the transport infrastructure system, with priority given to the routes to the coastal districts, first of all by roads and viaages. Highways, metro lines, railways, high-quality buses, river buses ... will create great opportunities for businesses to "follow" to invest, develop the real estate market in the middle and long-term.

By 2018, the western and eastern traffic gateways will benefit. The West will have the opportunity to develop multi-polar cities as transport infrastructure links across from east to west.

The West also possesses many advantages when it owns the largest natural green space in the city. It is a gateway urban area with residential projects with complete internal utilities, selling prices to meet the real demand. market.

This is also a trend in the real estate market is a "green real estate".

In addition to the move to the area, experts forecast, the segment in the real estate market in Ho Chi Minh City also changes, restructuring more reasonable. According to a report by Real Estate Company Danh Chau A Chau (DKRA Vietnam), in 2017, the supply of apartments is always high, about 41,388 units, of which, Grade B and Grade C occupies 78% In particular, there was a "reversal" when the West surged to hold 43% of the total market supply instead of East in the previous few years.

In Ho Chi Minh City, HoREA expects the boom period of 1-2 bedroom apartments priced at VND 1-2 billion per unit. High-end market segment is stable, but there will be a strong restructuring to match the purchasing power of the market. In particular, the type of villas, townhouses, due to limited supply, is sustainable, so will continue to grow but there is a clear division, depending heavily on the planning and quality of services. each area.

Thus, 2018 will be a year of continued development of HCMC real estate market in all segments, which will be both challenging and potential for development. Which investors have the capacity and strategic vision.