What is real estate trends in 2017


According to some experts, the middle- and high-end apartment segment in recent months has been gradually declining, but the real estate property is beautiful and green space is still selected by customers.

That is the general opinion of the experts at the workshop "Trends to buy real estate in 2017" by Consumer News held on 19/4. The problem that many people are concerned about is that the market is in a state of bubble?

Le Hoang Chau, Chairman of HCMC Real Estate Association, said that the market will not be able to create bubbles in the future. However, HCMC real estate market is in a state of overheating in some areas for the land segment.

For example, in the East, many speculators in the West (over 70%) have used the information of large transport infrastructure projects are about to be completed, some new urban planning was issued to raise In my opinion, this fever will cool down in the coming time, when the market identifies the nature of the problem, ie the price is blown too high but no one buys immediately the price must return to the real value. "Said Chau.

In the segment of apartments, professionals said that this year will continue to have many projects flare, so the leading competition is the quality of products. In addition, decentralization between real, middle and high end apartments will be more pronounced.

Real demand in this segment will still lead the market at prices ranging from 1.2 to 1.5 billion VND, averaging 20 million VND / m2, accounting for 50% of the market. The mid-end segment will have fierce competition among investors, selling at between VND 1.5 billion and VND 3 billion, averaging VND 30 million / m2, accounting for 30% of the market.

Particularly high-end apartment segment, the market is more and more products and also accepted by the market at the price of 3-5 billion, accounting for 17% of the market. Especially, 2017 is the year of the boom of super-luxury apartments located in the city center, of which Phu My Hung, Thu Thiem occupies 3% market share, priced at $ 7,000-10,000 / m2.

For land, townhouses are still the most popular refuge of investors. Although the 2016 land plots have risen the most, some have risen above 50%, but, like a spiral, real estate investment dominoes often end up in the majority. Into this blessing.

For example, the small house sellers in District 1 will use the proceeds to buy housing in District 9, while the large land sellers here want the owners to go to the center. Buyers who make a profit from investing in a condominium apartment and have enough money to buy a larger house. The seller of a large plot of land wants to buy a bigger piece of land than it is to find a farther home, which is typical of Long An, Dong Nai continues to be the market's hot destination for this segment.

For resort real estate, most investors commit to profit at least 3 years. And most of the projects are handed over 2017-2018 so resort property is still an investment channel. However, the commitment to profitability may be disintegrating, as any project is committed despite being in bad locations or inefficiently exploited and customers are starting to realize this should be marketable. Pauses for a certain time of the year.

According to the assessment of the owner, in the next 1-2 years can determine how good the future of this model. This year, some types are tending to decrease.

According to some experts, this year the interest rate tends to increase, is estimated to fluctuate around 0.5% to 1.5%, banks limit lending to real estate projects but will in fact not The effect is too great on the owners. The large project owners will have solutions mobilized from other sources of capital, in which foreign capital flows are boldly poured into real estate after a period of notice the attractiveness of the market.