Wednesday, December 2, 2020 3:58:35 AM - Markets closed
VN-INDEX 1,008.87 +5.79/+0.58%
HNX-INDEX 148.93 +1.23/+0.83%
UPCOM-INDEX 67.81 +0.91/+1.36%
Residential suburban projects prove alluring to buyers
Vietnam News - 3/1/2020 10:56:05 AM
 (0 ratings. You must sign in to rate.)
The western suburbs of HCM City has seen a rise in popularity among real-estate developers in recent years thanks to their natural environment – which mostly remains untouched – and vast areas of undeveloped land, according to industry experts.
 
Among the most sought-after are shophouses and villas, as Vietnamese buyers often prefer the option to own the land lot on which the property sits, seeing it as a long-term investment.
 
This is also in line with a number of government-sponsored initiatives to reduce the number of households living in densely-populated urban areas, especially major cities such as HCM City and Hà Nội.
 
“I know quite a few people who chose to leave the crowded city to live in the suburbs. As the infrastructure network continues to improve, especially in Đồng Nai Province – a Mekong Delta province west of HCM City and home to future Long Thành International Airport – I’ve made a decision to invest here,” said Lê Thị Thu, a HCM City resident who recently purchased land in the province.
 
Nguyễn Thị Thanh, a real-estate investor, said it was only a matter of course for buyers to look to nearby suburbs, such as Đồng Nai and Bình Dương provinces, as land is scarce in urban centres. Affordable price tag, generous and eco-friendly living space in well-planned new projects appear extremely attractive to buyers.
 
A report from batdongsan.com.vn, a popular real estate website in Việt Nam, said searches related to properties in HCM City's surrounding provinces surged by 48 per cent in 2019.
 
Former deputy head of the Central Institute for Economic Management Võ Trí Thành said the demand for eco-friendly residential projects in close proximity to large cities such as HCM City and Hà Nội had been on the rise for some years.
 
Three major reasons have been identified as scantier supply in urban centres, new development plans for metropolitan areas and improved infrastructure, said Thành. In addition, homeowners now prefer areas with cleaner air which play to the advantage of projects located in the suburbs, which often dedicate a large portion of their land for green space and community facilities. 
 
Projects with flexible payment schemes, convenient location and established reputation hold even greater allure to potential buyers with the trend likely to continue for the foreseeable future. — VNS
 
Read original article here
Newer News
27/08 Localities must select ODA projects practically: minister
18/06 COVID-19 could shake up realty rent market
10/06 Property firms return to market after COVID-19
28/03 Association calls for tax incentives for social housing developers to be consistent
Older News
23/02 Ownership certificates for condotels could solve market issues: experts
09/02 Hải Phòng eyes new industrial zones this year
01/02 Local property market to recover this year
28/01 Vietjet launches Hà Nội- Bali route
11/01 Support industry promotes development of industrial real estate
23/12 Domestic property market to have enough capital next year
29/11 MoC releases first quarterly real estate market report
09/11 Tourism to boost hotel real estate segment in Việt Nam
25/10 Workthere expands to Việt Nam
08/10 Prices of Grade A office space rise due to low supply
 
Newsletter Signup
Top Stories
Reference exchange rate continue going down
Reference exchange rate down 8 VND at week’s beginning
Reference exchange rate down 15 VND
Growth target of 6 percent for 2021 is feasible: legislator
VNM: Vinamilk plans to import 1,200 milch cows from US in 2021
Market Update
Last updated at 3:05:26 PM
VN-INDEX 1,008.87 +5.79/+0.58%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.