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APARTMENT PRICE FLUCTUATION IN DISTRICT 2

The mid-range apartment prices in district 2 have been recorded that the selling prices have increased at least VND 3 million/sqm. The highest record is at the price of VND 8 million/sqm compared with the corresponding period last year. On the other hand, the supply in this area is relatively abundant, so apartment prices have slowed down, and the transaction has become more difficult.

District 2 is adjacent to central districts, and assessed by experts to be an area which has a fast growing speed for infrastructure, transportation, real estate. The secondary apartment prices in this area have increased by 15-25% just within a year.

Market survey has shown that along the route of Mai Chi Tho street, Nguyen Duy Trinh street, Dong Van Cong street, Thanh My Loi street, there are quite a lot of middle – high-end real estate segment’s projects being ready to enter the market in the next phase. The recorded lowest price is VND 28 million/sqm, the highest is VND 50-60 million/sqm. Together with the abundant supply is a VND 3-8 million/sqm increase in secondary prices compared with the middle of 2017.

In addition, foundation soil has recently become hot, and investment needs seem to focus on this foundation soil segment. The real buyers are at the waiting-probing status. Especially, finding buyers and finalizing buyers are partly affected by Carina apartment fire incident.

About the need of finding apartments in Ho Chi Minh, chairman of the board of Thu Duc Housing Development Corporation – Le Chi Hieu said that the pressure and needs for housing were always there. Finding suitable apartment has tended to rise in recent years. Needs of finding apartments in the suburb of Ho Chi Minh have significantly increased under the pressure of living environment, transport infrastructure in the central area.

 

Source:

http://cafef.vn/gia-can-ho-tai-quan-2-tphcm-bien-dong-manh-20180613085936724.chn

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