Real estate 2019, the picture is still bright

CafeLand - Although experiencing 2018 with many fluctuations, the real estate market is still an attractive investment channel. In 2019, this market retained its stability and there was no risk of real estate bubble..

In DKRV Vietnam's report on the overview of the HCMC real estate market in 2018, in 2018, the whole market decreased slightly in new supply and demand. With a stable trading situation, the land plot segment is still the top selected investment channel. Selling prices of land, apartments, houses and villas increased by 7-15% on average depending on each segment and took place mainly in the first 6 months of the year.

In 2018, the land plot segment supplied to the market about 3,736, equaling 52% of the supply in 2017 (about 7,181 backgrounds). Consumption rate is about 86% (about 3,272 backgrounds), equal to 48% compared to 2017 (about 6,851).

Selling prices increased on average by 12-15% compared to 2017. However, the price increase was concentrated in the early period. In the last 6 months of 2018, selling prices have not changed much. Supply and consumption in the northern region accounted for a large proportion in the market (more than 50%), the scale of the project is from 1 to 2ha.

With a positive consumption rate in 2018, DKRA Vietnam said that the land plot continues to be the leading investment choice channel in 2019. However, because the market has decreased in recent years, new supply is available. will not increase and customers will be more cautious when making investment decisions.

In the apartment segment, new supply ranges from 30,000 to 35,000 units. The east and south areas account for a large proportion in the supply. Grade A and B apartments continue to lead the market while Grade C apartments are still scarce, not many projects are ready to hit the market.

The supply of townhouses and villas in 2019 can be up to 2,500 - 3,500 units if the market is favorable and timely preparation of investors. The east and south areas account for a large proportion in the supply. Market demand may increase slightly.

For the resort real estate market in 2019 will be a challenging year when a series of projects are put into operation. New supply is still concentrated mainly in familiar localities such as Da Nang, Khanh Hoa, Phu Quoc and Binh Thuan.

Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA), said that in 2018, the market has dark colors such as virtual fever in the ground, some areas of price increase suddenly, deviation of supply and demand ... However, this is not the element that constitutes a bubble on the market.

Mr. Chau forecasts that the real estate bubble will not happen in 2019 due to the experience of state agencies on timely and effective use of tax tools; credit tools; tools for land use planning and planning, policies for investment projects to regulate the effectiveness of real estate market.

Mr. Chau added that while the supply of land projects through the compensation for land acquisition by investors is difficult, the market in 2019 is expected to supply through the plan of changing the use purpose of 26,000. ha of agricultural land, including about 2,200 ha of residential land; bidding plan for 127 infrastructure and urban projects of the city, and VAMC's plan to implement the National Assembly's Resolution No. 42 on piloting the handling of bad debts. In particular, many debts secured by real estate projects will be widely bid to select investors, helping to boost the market for transfer of projects (M&A) to develop more strongly.

From the perspective of investors, Mr. Phan Cong Chanh, General Director of Phu Vinh Group, shared the real estate market in 2019 will still move sideways in the first two quarters and gradually recover, stable in the third and fourth quarters. Along with this recovery are new policies from state management agencies.

Enterprises will face difficulties when the land fund is increasingly scarce along with the tightening of credit valves into real estate. However, businesses with good preparation will still have many opportunities in 2019. In particular, segments such as townhouses, land plots and affordable apartments will be the top choice priorities. of the market.

Nguyen Van