How is the current real estate market trend recovering?

While Hai Duong market is still sluggish due to Covid, Bac Ninh and Bac Giang, are the two localities with the most positive signs of recovery. Along with that, the low-rise real estate segment in Hai Phong also recorded a hot situation.

Bac Ninh and Bac Giang are the two localities with the most positive signs of recovery
How is the current real estate market trend recovering?

In the real estate markets of Bac Giang, Vinh Phuc, Thai Nguyen and Bac Ninh, there are currently about 7, 115 items for sale, most of which are inventories of projects that have been launched before. , accounting for 85.9% of the total supply. The rest are new products originating from many projects such as: La Viena Valley Da Bac, Bac Dam Vac Urban Area, Cic Luxury, Eurowindows Green Park, Vistar City My Urban Area, HP Intermix bg pedestrian street.

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The volume of deals reached 2, 923 successful transactions and the absorption rate in the quarter was equivalent to 41.1%. Many projects have good liquidity in the third quarter such as : tms wonder world - Vinh Phuc ( 170 trades ) , viet han ktd - Thai Nguyen province ( one hundred trades ) , kosy eden - Bac Giang ( 60 trades ) , Hanaka from Son (80 deals), …

Most of the houses in the market in the surveyed area have common selling prices ranging from 18-30 million VND/m2. For low-rise products, projects located in prime locations, in the center of Bac Giang, Vinh Phuc, Thai Nguyen and Bac Ninh provinces have prices ranging from 30 to 50 million/m2. Projects located on the outskirts of the city, areas with prices ranging from 14-25 million/m2. Selling prices in most provinces remained unchanged from the previous quarter. Particularly in Bac Giang, land prices increased by about 5-7%.

In general, due to the complicated development of the Covid-19 epidemic, the regional real estate market is also affected.  The highlight of the Midlands market in the next quarter will come from Bac Ninh and Bac Giang, the two localities with the most positive signs of recovery. Investors' interest in the two markets of Bac Giang and Bac Ninh increased by 26% and 7% respectively compared to the previous quarter.

Real estate businesses are still very active in following the market, still selling even during the time of social distancing through many forms such as introduction and online sales (Sale Online).

Hai Duong market is still good due to Covid-19
In the Northern Delta region, in Hai Duong, there are 4 projects offered for sale, providing 993 land plot products to the market , the number of transactions reached 632 products. This equates to an absorption rate of 63%. The price of land plots fluctuates on average 15-20 million VND/m². There was no change from the previous quarter.

Due to the Covid-19 situation, the transaction is slower than in previous times, but in general the situation is still quite stable, the investment demand is still very large. At new projects, when opening for sale, they still receive a lot of attention from customers. However, there is a phenomenon of buying and selling hands when there is no listed price.

Faced with the scarcity of products and concerns about the legality of some projects, investors tend to focus more on legal residential land products with adequate and affordable prices. Areas attracting investors include: TP. Chi Linh, Binh Giang, Cam Giang, Nam Sach, Gia Loc areas around industrial and tourist zones.

Quang Ninh real estate prices still increased growth strong
Hai Phong, Quang Ninh and Thai Binh - three northern coastal provinces with strong economic, commercial and tourism potentials have been attracting many large real estate investors across the country. These are all provinces and cities that are in the period of investment and development in economy and industry, have high urbanization rate and are considered to have great potential for business, trade and tourism exploitation.

In the third quarter of 2021, Duyen Hai area has more than 5,000 products offered for sale on the market. In which, mainly apartments in Hai Phong and resort products in Quang Ninh.

In Quang Ninh, the real estate situation is still growing strongly in price, but there is a slight decrease in the quantity of product supply. However, the supply still reached 2,782 products, transactions reached 1,606 products. The products on the market are mostly products supplied by reputable investors and the products have a high investment in terms of ideas as well as marketing and sales.

The most prominent product in the third quarter in Quang Ninh is the Sun Marina Town project with an absorption rate of up to 84%, the price ranges from 60-100 million VND/m². Notably, the product line in the affordable segment is no longer on the market, the lowest and mid-end products are also priced from 32 million VND/m, and the high-end segment ranges from more than 40 million VND/m² to more than 100 million VND/m².

Villa, adjacent in Hai Phong hot
In Hai Phong, because Hai Phong has a special connection position of the North in particular and the whole country in general, there is Cat Bi international airport and Lach Huyen international deep-water port combined with complete control of the epidemic. At the same time, Hai Phong is vigorously implementing synchronous infrastructure transportation projects, building many bridges for many important intersections, and determined to complete the proposal to build 67 parks and flower gardens throughout the city. Therefore, the real estate market in Hai Phong in general and the third quarter of 2021 in particular is very good, even very exciting.

The leading segment leading the market as well as surprising in terms of absorption is high-end apartments. Typically, the opening sale of Hoang Huy Commerce luxury apartment project with a scale of 3 buildings of 2,500 units that the Investor has sold nearly 1,300 apartments with an average price of 37 million/m2.

In addition to this project, there is the Grand Tower project, which was previously launched on the market with a scale of 1 37-storey building with 821 houses, sold out of nearly 700 units with an average cost of 28 million/m2. Or the legendary luxury house project of brg 65 million / m2 with a scale of 202 units also sold out 80%.

The category that really causes fever is low-rise housing that stands out in high-class residential projects such as Vinhomes or royal. The lack of new low-rise projects and the real demand in the market for this high-quality category and the good economic capacity of consumers in Hai Phong causes a fever for this category, prices even increase by 15-20 % compared to the beginning of 2021.

Due to strong growth in the end of 2020 and early 2021, in the third quarter of this category, there are usually deals, but gradually lose their bustle, excluding areas with transportation infrastructure development, amusement parks or flower gardens or districts with policies to urbanize such as Thuy Nguyen or An Duong and Duong Kinh.

The category of tourism real estate at this time in urban areas has not yet been developed, however, there is a global project on Do Son Dragon Hill at this time, through exploration and practice before, guests in Hai Phong have watched. Following and leaving out this genre nationwide is generally dense, in recent years, tourism projects distributed in the Hai Phong market are also extremely good like Sun Marira Ha Long or Vinpearl Phu Quoc.

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