There is 1 billion to invest in a house segment, where? This is the advice of real estate professionals!
There is 1 billion to invest in a house segment, where? This is the advice of real estate professionals!
It seems that real estate investors do not have many options as before when holding 1 billion dong. Affordable apartments, townhouses or distant land are options that many investors consider.
According to experts and businesses, the rise in the price of real estate in Ho Chi Minh City and the surrounding area has made it harder to buy real estate (real estate) for investors.
In fact, real estate prices range from VND 900 million to VND 1.2 billion which have been exhausted during the past year. If 2-3 years ago, holding 1 billion, investors have many choices in the segments in the districts of Ho Chi Minh City, the present situation seems more difficult.
According to experts, with 1 billion finance, investors have many choices when "offshore fishing"
However, the experts had advice for investors if they had 1 billion in hand that could be flexible in some segments:
Mr. Nguyen Khanh Duy, Director of Savills Vietnam Real Estate Trading Floor: "There are 2 options: affordable apartment and periphery, surrounding city"
Mr. Duy acknowledged, with 1 billion dong of opportunity to expand the investment segment of investors will be more limited. However, there are some projects that meet this cash requirement. Specifically, investors can choose affordable apartments from 950 million to 1.2 billion / unit, although this segment is quite rare in the current market. The second is remote land in Long An, Dong Nai and Binh Duong. "Particularly for suburban land, investors need to pay special attention to the legal issues when investing money," Mr. Duy emphasized.
Talking about risks when investing, Mr. Duy said that with 1 billion in cash, it seems that there is little risk when investing, is it reasonable for investors not to achieve the expected profit if not calculated carefully about the project location, regional infrastructure ...
Mr. Phan Cong Chanh, personal real estate expert: "Can invest in townhouses in the central area of Saigon, the area of town houses is about 6m2 (2x3m)"
This expert revealed quite interesting from the survey of his market when he said: There is 1 billion in hand can still invest in townhouses in the city center, such as Nguyen Kiem street (Q. Go Vap) has townhouses of 6m2 (2x3m) with a price of VND 1.2 billion (had a red book before 2014).
In addition, Mr. Chanh pointed out that investors can invest in townhouses when having a capital of 1 billion VND such as: Hoa An area (Dong Nai), 500m2 townhouse in Thai My (Cu Chi), Long airport. 120m2.
Mr. Pham Lam, General Director of DKRA Vietnam: "1 billion VND cannot buy real estate in Ho Chi Minh City but the surrounding province has many options"
Mr. Lam affirmed that, with the real estate price in Ho Chi Minh City, it is quite high, there is 1 billion dong which is difficult to own real estate in the city area at the present time. Remote areas such as Cu Chi and Hoc Mon still have some land products worth 1 billion VND.
With this money, investors can "offshore fishing" in the neighboring provinces of Ho Chi Minh City such as Long An, Dong Nai and Binh Duong. "However, the choice of products with this price is no longer as diverse as before," said Mr. Lam.
Legal, legal and legal
The common point of experts and businesses when advising investors to put money into real estate at the current stage is to promote legal issues. When asked, how do investors avoid risks when investing in real estate, Mr. Nguyen Khanh Duy answered briefly "legal, legal and legal"
In addition, those who have invested must do "homework" which means coming to the place, looking at the product with their own eyes, not being enchanted by the advertisement; must check the information carefully before investing, absolutely do not invest "great".
Legal factors are always highly appreciated in real estate transactions
At the same time, Mr. Phan Cong Chanh advised investors to only buy land plots with red books and residential land to make sure products are owned.
In fact, after the local land fever in the whole country in late 2017 and early 2018, it seems that legal issues are always highly appreciated in every transaction and investors and buyers in real kidneys. much more important to the volatile market.
Phuong Nga
