The Southern market began to have launch activities, opening projects in the third quarter
Many projects “surface”
Thang Loi Group has just held a meeting to introduce J-Dragon commercial urban project (Can Duoc, Long An), attracting the attention of 500 business professionals. The project has an area of nearly 6 hectares with more than 270 products of shophouse, town house, and land.
This is not the only project launched in the third quarter in the southern region. Nam Long Company said it was the first time to launch a luxury product by the riverside mansion to meet the needs of high-end customers at Waterpoint (Long An). In particular, the Grand Villa line with an area of 300 m2 is priced over 10 billion; Riverfront Grand Villa with an area of 400 m2 or more has a price of VND 16 billion.
New real estate products are introduced in the third quarter. Photo: NLG.
An Gia Real Estate Company intends to launch products belonging to The Standard Project (Tan Uyen, Binh Duong) in August, the information was announced during the last Annual General Meeting of Shareholders in 2020. This is the first low-rise housing project of An Gia with an area of 6.9 hectares, with nearly 400 adjacent houses.In the first half of July alone, Waterpoint has sold more than 280 products of garden townhouses, commercial townhouses, semi-detached villas, detached villas, riverside palaces At the same time, Nam Long is expected. Launch of standard Flora apartments at the Mizuki Park project (Binh Chanh, Ho Chi Minh City. This investor also plans to sell the remaining 5% of products at Akari project (Binh Tan, Ho Chi Minh City), equivalent about 90 products with garden, shophouse
KITA Group said that it is about to introduce the Stella Mega City project in Can Tho City. Hung Thinh Group announced its intention to open Ho Tram Complex (Xuyen Moc – Vung Tau) in the third quarter, including tourism apartments, shophouse and commercial townhouses. The project area is more than 7 hectares with 7 blocks.
LDG Investment Company is expected to announce to the market and launch LDG Sky project (Binh Duong) in August, consisting of 5 apartment buildings with an area of nearly 2 hectares. At the same time, LDG plans to start the LDG Grand Central Project (Da Nang) and raise capital in October.
Highlights market second half
According to a report from batdongsan.com.vn, southern provinces in the second quarter received great attention from the market, such as Binh Duong, Dong Nai, Ba Ria – Vung Tau, Long An Land plots, land plots Projects and private houses receive special attention from investors. Experts think that in the second half of the year, the market will have different light and dark colors but the light color probably prevails and there is no mutation in any segment.
JLL forecasts that HCMC will have about 15,000 – 20,000 apartments offered for sale in the second half of the year, bringing the total supply of the year to 20,000-25,000 units. However, even if the market reaches the maximum supply as forecasted, this figure is still lower than the average total supply in the period of 2017 – 2019 when there are at least 30,000 units open for sale each year.DKRA report stated that land is still the leading investment choice channel. New supply continues to be scarce, most projects are implemented with small scale, concentrated mainly in the areas surrounding Ho Chi Minh City.
Mr. Robert Vu, General Director of Batdongsan.com.vn said that although Vietnam’s economic growth scenario in the last 6 months was only at 3.6 – 5.2%, much lower than previous years, but If you look at the overall development situation, Vietnam still has a lot of bright spots to expect. The market can grow with positive signs, real estate investment, especially housing will still be a potential channel when infrastructure is increasingly advanced, especially housing demand is still abundant.
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