The post-Covid-19 pandemic real estate trend, which segment in Vietnam will benefit? According to many experts, after a long time of being “compressed” due to the impacts of the pandemic. The real estate market is forecast to have another mild fever by the end of 2021. Which, The segment that benefits the most is island plots because this segment always has many options available and is not too picky about cash flow.
In fact, in the past time, the psychology of the majority of potential investors is still silently observing, evaluating, reviewing the market. And monitoring relevant information in order to prepare for the future.
After a period of being restrained because of the epidemic. Products with a total value of about 2 billion VND will definitely be active again. Specifically. It is land in the suburbs of Saigon. Band townhouses are already at the price saturation threshold.
“Assuming that September 30, 2021, Ho Chi Minh City eases social distancing
Investors will continue to spend time monitoring market developments, epidemic situations. And actions to support the businesses of the city. Only then will the government make a decision. I think the post-epidemic investment wave will be really exciting from the beginning of October 2021 until the end of the year if the epidemic is better controlled,” he said.
Also assessing the market scenario after the epidemic. A General Director said the land plot market will have a slight fever at the end of the year. The reason is that the market has had to wait too long because of the epidemic. This is good news for real estate.
In Ho Chi Minh City, in the past 2 years, there have been almost no new products due to legal restrictions. During this time, the wave of investors and businesses flocking to the coastal areas such as Long An, Binh Duong, Dong Nai… has caused the prices of these areas to rise very high after many fevers. Therefore, an expert predicts that in the coming time. The market will welcome the new trend of expanding to more remote areas such as Ba Ria – Vung Tau, Lam Dong…
In general, these areas have large land funds and soft prices
so investment opportunities are still increasing. In addition, the policy of stimulating public investment after the epidemic will create jobs for many people, which will also greatly affect the real estate market. Once public investment increases, the trend of real estate following the infrastructure highway will be more evident. At that time, cash flow from securities and other small investment channels will slowly shift towards real estate.
This expert assessed a series of highways implementing such as Dau Giay – Phan Thiet expressway, Bien Hoa – Vung Tau expressway, Ben Luc – Long Thanh expressway, Ring Road 3 will form A straight road that helps connect from Long Thanh (Dong Nai) to Ba Ria – Vung Tau, Phan Thiet, Lam Dong more conveniently. From there, creating momentum for real estate to bounce back after a period of tight social activities. In particular, land products with affordable prices of 1-3 billion dong will benefit greatly, especially products around 2 billion dong are still considered “diamonds” that always attract cash flow.
Land near the industrial park, priced at about 2 billion VND, is the most popular segment of investors
Although the land plot segment has attracted investors in recent years. There are almost no land plot projects in Ho Chi Minh City because of the land fund exhaust. Meanwhile, the trend of expanding border areas such as Long An, Binh Duong. Dong Nai … has made these markets gradually saturated because the price has increased too high.
From that fact, it is understandable that investors gradually expand to more distant areas to look for investment opportunities. As noted, the investment wave is gradually moving to the areas receiving the wave of industrial real estate.
In particular, according to experts, Ba Ria – Vung Tau is the place that expects to attract the strongest investment wave after the epidemic. Besides the potential of a seaport, this province also attracts a lot of public investment and is located on a road with many highways that are gradually complete.
In particular, Chau Duc is the new industrial “capital” that is being highly appreciated by businesses for its potential for real estate development.
Currently, the market in Ba Ria – Vung Tau is attracting many investors after a series of information such as the Prime Minister’s approval of the policy to build the Bien Hoa – Vung Tau expressway, and the proposal to add 5,700ha of industrial park land in Chau Duc. Or recently Quantum Group (USA) has offered to invest 5 billion USD in Long Son. Showing that the industrial potential in this area is still very large.
According to an expert, looking at the map
Chau Duc is an area located in a straight line bordering Long Thanh. Phu My to the center of Ba Ria city. Therefore, Chau Duc can connect to the regions through the Binh Ba – Da Bac road running straight down to Ba Ria – Phu My – Ho Tram. So it has great potential for tourism. Chau Duc is also a land with great potential for industrial development. As can be seen, Sonadezi industrial park and many other industrial parks propose as the basis for attracting labor and creating jobs for workers.
In addition, Chau Duc is next to Cai Mep port – a port that can accommodate super-long and super-heavy ships. Currently one of the 19 largest ports in the world.
Once the seaport priority for development, it will be the center of maritime shipping. Since then, opening up great opportunities for infrastructure development. A series of major routes will open for goods from big cities. The southwestern provinces flow here simultaneously. With the strong development of industry, seaports and synchronization in freight transport will lead to an increase in real demand.
The fact that some businesses are preparing to launch new products to welcome the market at the end of the year is creating confidence for the real estate market in Ba Ria – Vung Tau to “rebound” after the Covid-19 pandemic
Currently, some businesses have made a move to be ready to wait for the epidemic to be controlled to unpack
The latest supply is The Fusion project, priced from only 12.5 million VND/m2. This project, with over 400 products, will launch in the fourth quarter of 2021. This is a high-class villa area for professionals, adjacent to Sonadezi industrial park (the largest industrial park in Ba Ria – Vung Tau today. On a scale of 2,200ha.
Previously, in this market, Hung Thinh has successfully deployed Lavida Vung Tau with more than 1,000 products, currently. The difference in secondary transactions is around 500 million/unit. In 2020, Novaland Group reported to the People’s Committee of Ba Ria – Vung Tau the resort project of Palm Beach Vung Tau complex urban area at 3/2 street in wards 10 and 11, Vung Tau city. The project covers an area of about 99.5 hectares.
Tien Phuoc Real Estate Joint Stock Company developing a detailed planning idea for 1/500 Co May’s new urban area in Phuoc Trung ward, Ba Ria city. The project covers an area of about 149 hectares with an investment of up to nearly 9,000 billion VND.
A market “in the sights” of many real estate giants, the potential is certainly huge
Promising a “wake up” of this land. Due to the complicated development of the epidemic, currently. Real estate trading activities in the Ba Ria-Vung Tau market are quite quiet according to the general situation. However, the move to sign cooperation as well as carefully prepare new shopping carts of some businesses is a sign that as long as the translation control. The real estate here will “pop up” strongly. as has happened many times before. This is also a signal to create confidence for the real estate market hereafter the Covid-19 pandemic.
According to experts, the real estate market can develop well, it needs well-planned projects and synchronous investment in utilities to avoid market fragmentation. Therefore, in order to buy good products. The first thing investors need to pay attention to is the capacity of the investor. Followed by the legality of the projects. In particular, it is necessary to consider the ideal location of “follow-up” projects from 2km to 5km from industrial parks.
Investors also need to pay attention to choosing products based on industrial parks located near intersections. The way up and down the highway will bring high efficiency for investors because of convenient transportation.