Real estate market: The big screening and opportunities for quality projects

Apartments "lead the wave", land "catches the big wave"

According to the latest report from Batdongsan.com.vn, apartments are the hottest keyword in the first half of 2024, increasing by 46% compared to the same period in 2023. Selling prices in the Hanoi apartment market also recorded a remarkable acceleration compared to Ho Chi Minh City due to the scarcity of supply. Hanoi apartment prices increased by 31% while Ho Chi Minh City apartment prices increased by 6%. The primary transaction volume is almost all in a "sold out" state despite high selling prices. Currently, the apartment product line is still maintaining a good rhythm even when selling prices are no longer increasing. The reason why apartments are leading the market recovery from the first half of 2024 is because this is the type that meets real housing needs, especially among young customers.

The new regulations of the "trio" of laws, effective from August 1, 2024, will help tighten market management, eliminate "ghost" projects and protect the rights of real estate buyers. The market will have a new order, more transparency and more competition. This means that investors must meet more stringent standards on legality and project quality to be able to participate in the market.

Land, which is one of the most vibrant segments of the real estate market, is now facing both great opportunities and unprecedented challenges. The regulation prohibiting the subdivision and sale of land in wards, districts, and cities of special, type I, type II, and type III urban areas in 105 cities and towns has caused a sharp decrease in land supply. This means that investment opportunities in this segment will become more limited, but in return, the quality of the remaining projects will be better.

According to a survey by Batdongsan.com.vn, land prices in the North have recorded strong growth after 3 years, from an average of 27 million VND/m2 (quarter I/2021) to 44 million VND/m2 (quarter II/2024). The level of interest of land seekers is increasing sharply compared to the first quarter of 2021, reaching 33%.

According to the assessment of the Vietnam Association of Realtors (VARS) on the real estate market in the regions in the first 6 months of 2024, the markets of Bac Ninh and Bac Giang have developed positively. Secondary real estate in Hai Duong has developed actively, with prices reaching "peaks". Mr. Nguyen Van Dinh, Chairman of VARS, said that the liquidity of the land market is currently concentrated in projects with completed legal documents, with "red books" or projects with completed legal documents, synchronous traffic infrastructure, adjacent to residential areas, industrial parks, convenient connections to the city center, which have and are possessing certain bright spots, and are prioritized by investors.

According to experts, when the price of apartments in Hanoi increases, the investment demand will not increase sharply in the near future. Currently, customers with financial resources of 5-10 billion VND have almost no opportunity to invest in the Hanoi market. Therefore, the cash flow will "flow" to the provinces surrounding Hanoi such as: Bac Ninh, Bac Giang, Hung Yen, Hai Duong... In particular, the land segment will recover because after all, this is still the common taste of the market.

Opportunities for quality projects

In the current volatile market, projects with synchronous infrastructure and transparent legal status will have more opportunities to shine. Most transactions focus on products with clear legal status and meeting real needs, instead of speculation. When the "three" new laws come into effect, the sustainable trend of the real estate market will be further consolidated, opening up many development opportunities.

Located in a prime location right on Highway 390, Thanh Ha District (Hai Duong), conveniently connected to major routes such as Highway 5, Highway 37 and Hanoi - Hai Phong Expressway, Thanh Ha New City is not only an ideal place to live but also an attractive investment channel. With a synchronous, modern planning and a green living space, the project promises to bring residents a high-quality life.

Ms. Kim Anh, an investor from Hanoi, said that she and her investment group have thoroughly researched the Hai Duong market and highly appreciated the Thanh Ha New City project because of its solid legal foundation, potential price increase from the project's location and synchronous planning, as well as the planning of Thanh Ha district.

Thanh Ha district is in a period of strong development, with the goal of becoming a type IV urban area by 2030. The impressive economic growth of Hai Duong province along with preferential investment policies have attracted many businesses to invest, creating many job opportunities and increasing income for people. This means that the demand for high-quality housing is increasing, opening up great prospects for the Thanh Ha New City project.

In addition, Thanh Ha New City is also highly appreciated for its feng shui, promising to bring fortune and luck to residents. With these favorable factors, Thanh Ha New City is not only a real estate project but also an attractive investment opportunity, worthy of investors' attention.