Vietnam Apartment Market continue creates expectations
Vietnam Apartment market investors are expected to continue making profits.
According to an analysis of the Real Estate company of Colliers International, along with the reasons for signal recovery of the economy in general, increase the heat back to the stock market, gold has a strong impact on housing market.
In the third quarter of 2009 there were only the capital moves at local and regional projects, such as new urban areas west of Hanoi, Ha Dong, projects on Le Van Luong, Lang Hoa communication and Highway 32.
Step into the fourth quarter, the market has adjusted investment in all segments are more spread out and the area east of the North (South North Thang Long, Me Linh Dong Anh), Eastern region (Long Bien, Gia Lam), the South (Hoang Mai, Linh Nam, Vinh Tuy).
The price can increase significantly from the early months of 2009, an average increase of flats from 10% to 25%, depending on the segment and region specific.
Market segments high and low level areas “still some way all warm market investors and speculators, brokers, typically apartment project Duong Noi Nam Cuong of the group.
Supply for the segment of luxury apartments to be launched by a number of projects such as Indochina Plaza, Dolphin Plaza, Tricon Tower, Hoa Binh Green Apartment …
Colliers International also said that the company is selling the exclusive luxury apartments Peace Green Apartment is located in the road Grapefruit, Hanoi, the Hoa Binh Co., as investors, including 153 apartments with all kinds area from 1-3 bedrooms.
Projects can be contracted re-investment for customers with 150 apartments by corporate managers to monitor Ascotts (Singapore) for rent for about $ 30 USD/m2 to 40 USD/m2.
Also according to Colliers International, the district has the potential to become a new city, such as Ha Dong, is gradually becoming the location of the projects focus on new residential areas. Buildings in Ha Dong, often 2 to 3 bedrooms and large from 60 to 100 m2. Prices range from 500-1000 USD/m2.
With Ha Dong area, the Nam Thang Long area from the My Dinh, Me Tri and Dong Ha, the West Lake area, Highway 32 and Hoang Quoc Vietnam long considered to be a supply of apartments increased sharply in future.
Hanoi is currently approximately 12,000 luxury apartments. In about a year, will have 3000 apartments and senior secondary class be taken to market. Price of luxury high-USD/m2 between 2000-3750, depending on the location, size and by the county.
Colliers International comments, the highest supply will come from new urban areas, the land area land area of 100 hectares and supply is relatively stable in the past 10 years. Supply for customers in urban areas will also very strong with large number of projects in Ha Dong and Thanh Xuan.
