Domestic property market facing uncertainty: Insiders
In a report on Vietnam's real estate market in early 2023, Mr. Troy Griffiths - Deputy General Director of Savills Vietnam, said that although there are many prospects, the market has not escaped the challenges that have existed for a long time, including supply imbalance. Data from this unit also shows that up to 80% of new supply is in the high-end and luxury segment, and only about 20% in the popular segment, suitable for the majority's demand.Read more: New belief around the corner for real estate
Mr. Nguyen Dang Ninh, General Director of Real Estate Consulting Floor Vision Holdings, said that recently, most of the customers who come to ask for assistance have the exact requirements for affordable housing and potential locations in urban areas near Ho Chi Minh City, such as Dong Nai, Long An, Binh Duong.
"Projects in Long Khanh and Nga Bay with attractive sites... still have strong liquidity. Many investors are interested in finding good-priced real estate in this area," Mr. Ninh shared.
Long Khanh CityAlso read: Ministry inspects real estate projects in Dong Nai
Also, according to a report published earlier this year by Savills Vietnam, the master plan will promote real estate demand to move to neighboring provinces other than major cities. Nguyen Thoi Thanh Nhan - Director of ERA Vietnam's low-rise real estate division, said that the southern real estate market is witnessing the "rise" of satellite cities such as Binh Duong, Dong Nai, and Long An. , Lam Dong ... About 60 km from Ho Chi Minh City, Long Khanh City (Dong Nai) is a destination many investors are interested in.
According to Ms. Nhan, two industrial parks in the city, including Long Khanh and Suoi Tre, have been put into operation, attracting four foreign investment projects, with a system of domestic enterprises and more than 100 non-state enterprises. According to the plan, Long Khanh will open eight new industrial parks with an area of more than 5,000 hectares, a software park shortly.
"This is one of the key drivers of Long Khanh's economic growth and the foundation for a future breakthrough in the real estate sector," said the director of ERA Vietnam's low-rise real estate division. They emphasized that real estate units such as TNR Holdings Vietnam, Novaland, T&T... have embarked on implementing many critical projects in areas with high development potential.
Perspective of TNR Grand Long Khanh project of TNR Holdings Vietnam in Long Khanh city
Representative of the NextLand distribution unit, Mr. Nguyen Van Thinh, shared it is reasonable for the big giants to restart at this time; the focus is TNR Holdings Vietnam with the TNR Grand Long Khanh project in the trade gateway center of Long Khanh City.
"With a large land bank and low construction density, the system of apartments, townhouses, and villas here has a wide view, airy and close to nature," Mr. Thinh assessed.Also read: Hanoi suburbs see faster rise in housing prices than inner areas
In September last year, TNR Grand Long Khanh was honored as "The best model urban area project in South Vietnam 2022" by the poll of Dot Property Vietnam.
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