The opening of the overpass at My Thuy Intersection at the end of June has made contribution to the completion of the infrastructures of Cat Lai Urban Area (District 2), which results in the development of the real estate in this area.
A real estate specialist gave an judgement: If you only observe the outside data, you may think that the real estate market in this area is not good. In reality, villas and townhouses in this area are sought and their sale prices have increased gradually.
Products are sold up when they have just been offered.
Although the supply and sale have decreased compared to previous quarters, sale prices have still gone up. According to CBRE: the market of real estate attached to land including ready-built townhouses and villas has a strong increase in sale prices. Prices for sale of houses in some projects increased by more than 80% in the 3rd quarter compared to the same period of the last year.
According to DKRA Vietnam, concerning the real estate attached to land , the 3rd quarter witnessed only one developer to offer 17 houses ( which belong to a preceding project) and 100% of these properties were bought.
In the secondary housing market, Cat Lai (District) is now a highlight of transactions. The price rate of some projects has increased by 5 – 7%. This is an increase in the price rate of the 3rd quarter not an increase compared to the first offer because, if compared to the first offer, the price rate has gone up very much. Mr. Nguyen Hoang, a Director of R&D Department of DKRA Vietnam Corporation said: “ in the next offerings, the price rate will rise more than previous quarter, because the projects are gradually being completed so sale prices in the next periods will higher than last periods.”
People can see there is an increasing demand for villas and townhouses in HCM City, particulary in the end of this year when there is few new offer in the market. Customers would seek projects with reputable developpers, good constructions progress, excellent location and supporting facilities to buy and own houses although the price for sale of such properties are not low.
The Eastern area of the city taking the lead in the market, the Rise of USD Million Villas
According to a survey of DKRA Vietnam in the 3rd quarter, the supply is mainly from the Eastern area of Saigon, occupying about 61% of the new supply to the entire market.
One of the important reasons exerts an attration to the Eastern Area of the City is the continuous investment and completion of the infrastructures for this area. One of the remarkable infrastructures are the project of the Express way from HCM City to Long Thanh to Dau Giay and Thoi Dai Bridge crossing Diamond Island which were put into use and numerous important trarnsportation projects of roads such as Belt 2 road, Belt 3 road, Thu Thiem metro, Long Thanh International Airport, Ben Thanh- Suoi Tien Metro, My Thuy overpass… are being conducted.
Sol Villas which have been invested and constructed by Saigon Construction Corporation (SCC) and which are being distributed by DKRA Vietnam as a Sole Distributor are a rare type of High Luxury Compound Villas in District 2 now.
In opinion of many professional experts, since now until the end of 2019, the Eastern Area of the City is still the target of many end-users of real property and big investors. The push of “USD Billions” by the infrastructure has been accompanied by an increasing investment in this area by the world’s leading companies from Japan, Korea, France, the U.S… who have continuously provided fund for the Eastern area, in which there are 2 remarkable large projects of Intel and Samsung in the High Technology Area or Science and Technology Park covering 200 ha.
The Compound Area means a type of detached villas with closed construction, synchronous and completed infrastructure, security control by the use of magnetic card, and a security guard patrol for 24/24 hours. At the present time, the real estate market in District 2 has the high luxury compound villas of Saigon Construction Corporation (SCC) as a developper, so as expected by the market, 100% of the products offered in the first sale were successfully bought in only one week. So far, 80% of high luxury compound Sol Villas have the owners…
At the present time, DKRA Vietnam is launching a final offer for sale of high luxury compound Sol Villas which are the most beautiful ones of the villas.
The representative of Saigon Construction Corporation (SCC) said: Sol Villas are a type of high luxury compound villas of which the design was advised by Mr. Thiery Van De Wyngaert, a former Presidence of Academy of French Architecture. The semi-classic architectural type make the most luxurious compound Sol Villas become a perfect living space for high society. Located at PhoDong Village Urban Area, Sol Villas provides its residents with excellent experience and enjoyment of outstanding facilities with gyms, green parks, supermarkets, swimming pools, Cafeterias, multi-purpose sports grounds. Additionally, SCC has obtained the Red Certificate for each villa and ensure to transfer it to the buyer in a timely manner. With this express legal evidence, customers feel more secure when they decide to become an owner of one of Sol Villas.
From Thanh Niên
Sorry, this entry is only available in Vietnamese.
.....
