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SEPTEMBER 2021 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY

SEPTEMBER 2021 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY

 

Each week we post a news flash with notable articles related to the real estate market in Vietnam. We asked our team to pick the top stories from the past month and we’ve tallied the results. Check out the headlines that made big news in our office below. Have any of the articles we’ve shared impacted you? Is there any important news we’ve missed? We’d love to hear from you!

We hope you and your loved ones are staying safe and healthy. The CVR team is here to answer your questions at any time. Whether buying, selling, renting, or opening a business, contact us to talk about your real estate needs today.

Your Friends at Central Vietnam Realty.


  1. 1. Why housing prices increase after each Covid-19 wave

 

Reduce profit, not take loss yet

Experts mentioned that there was no sell-off to cut loss yet, just accepted less profit. For example, before the epidemic, the investors expected to invest in real estate with a 20% profit, now they sell with an expected profit of 10% and they will choose one of many properties they currently have to sell, not sell off everything.

The expected return of the project developers may decrease, but not much. They do not offer initial price drops, but indirect discounts in the form of promotions, gifts,…

The trend of “leaving the city” to go countryside

Investors are gradually adapting to the epidemic, plus the macro policies are getting better, which will be an opportunity to find real estate to preserve cash flow.

The epidemic pulls many people back to their hometown to be close to nature, the climate is good, the population density is sparse, but the infrastructure is still well connected, so after the epidemic, there will be a wave of investors to the provinces with a favorable climate, good landscape to buy real estate as a second house. Potentially, the real estate market in the suburbs will increase in price.

 

Why it’s important:

This is a good opportunity for investors with good cash flow. They can buy now with a favorable price and wait after the covid wave to sell.

With invaluable local and regional market knowledge, an extensive professional network, and an up-to-date database of properties for sale, our team of experts will guide you through every step of the homebuying process. Whether you are interested in an apartment, condo, or single-family home, the CVR team will help you find a property that works for you. Contact our sales team today!

Source:https://vietstock.vn/2021/08/vi-sao-sau-moi-dot-covid-19-gia-nha-dat-lai-tang-4220-889834.htm

 

  1. 2. Retail real estate market will stabilize in 2022

 

According to real estate CBRE, retail segment sales in most Asia Pacific (APAC) markets in the first six months of the year surpassed or were on par with, pre-pandemic levels.

Consumption trends changed due to the impact of the pandemic, on luxury goods, sportswear, and clothing. The recovery of the retail market drives growth in the demand for premises in the countries

According to CBRE, rents for the retail segment will gradually stabilize in 2022, in which rents in large commercial centers are likely to recover higher.

The most obvious recovery prospects come in large markets, where population density and shopping demand are high, while growth prospects for low-end markets will depend on business efficiency. prevent the spread of the COVID-19 pandemic

 

Why it is important: With the hope of recovering from the COVID-19 pandemic, rents for the retail segment will gradually stabilize in 2022. Now is a good time for investors to return to the real estate market to prepare for the development trend after the pandemic.

CVR is here to help you understand the trends of the market so you can make the best investment decisions. Our experience, highly regarded reputation and strong legal knowledge keep us at the forefront of the real estate industry. Interested in learning more about opportunities in Central Vietnam? Contact the CVR team today!

Source:https://cafeland.vn/tin-tuc/cbre-thi-truong-bat-dong-san-ban-le-se-on-dinh-vao-nam-2022-102206.html

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  2. 3. 5 new trends of the real estate market after Covid-19

 

The real estate market is still being heavily impacted by the Covid-19 pandemic. In the coming time, the market will appear in the trends that have never happened before the epidemic.

 

1. Blockchain application for the real estate industry.

 

2. Online-offline virtual office, virtual model house – Virtual reality technology.

 

3. Offline opening events are gradually being replaced by ON_OFF events using technology. 

 

4. Primary – Secondary market paradox.

 

5. Flexible working hours trend.

 

It is important because more than 70% of businesses operating in the real estate sector are affected by the Covid epidemic and more than 90% of businesses have insufficient cash flow for fixed expenses: office rent, salary, social insurance… Compared to previous epidemics, this epidemic is more severe and prolonged, beyond the expectations of businesses, but this is only a matter of the present. In the long term, the epidemic is still very complicated and the real estate market alone will have many impacts on the behavior of buying real estate, products, and supporting technologies for the market.

Source:https://batdongsan.com.vn/phan-tich-nhan-dinh/5-xu-huong-moi-cua-thi-truong-bds-hau-covid-19-ar107430

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  2. 4. There is a risk of bond debt bubble burst, especially real estate segment: Experts

 

According to the Ministry of Finance, in the first 6 months of the year, the volume of bonds issued to the public reached over VND 15,000 billion, an increase of 53% of the same period in 2020, accounting for 8% of the total volume of corporate bonds issued,6.5% higher than 2020.

 

Experts said that the majority of individual investors today do not care much about the ratings and performance of businesses, but only need high interest rates.

 

In the context of the complicated epidemic situation, negatively affecting the economy, experts are concerned about risks from corporate bonds in the coming time.

 

Bonds are still issued thanks to interest rates, while thousands of businesses are forced to leave the market. If from now until the end of the year, the Covid-19 epidemic situation is still not completely controlled, this number could reach 100,000 businesses. He expressed concern that no one is sure that among them there are businesses that have issued bonds.

 

Importance: During the difficult economic period caused by the epidemic, this is not the time for individual investors to boom and make profits at all costs, but the time of thinking critically and study well when making investments.

  • With the current market situation, finding a great realtor is key to finding the right investment opportunity. All of these points are strong signs of the growth of the real estate market in Vietnam and give a good outlook for capital appreciation for investments in the long run.  Interested in investing in Vietnam?  Contact the CVR team for more details on available properties today!

Source:https://cafef.vn/ts-nguyen-tri-hieu-nguy-co-vo-bom-no-trai-phieu-dac-biet-o-nhom-bat-dong-san-2021083102291048.chn

 

  1. 5. Tips that should not be ignored when buying an old apartment

1. Learn the history of the old condominium.

– It is necessary to carefully check the issues of the origin, the transaction history of the house, how many owners there were, whether there is any interference with the house structure or not. 

– You also need to know the reasons why homeowners sell their homes, ask the neighbors if the previous person has had bad luck or something unfavorable, so he has to sell.

 

  1. 2. Review the price and legality of the old apartment building.

 

  1. 3. Check the real area of the house compared to the area on the papers.

 

  1. 4. Pay attention to the location and amenities around.

 

– Priority should be given to choosing an old apartment which is near the workplace, school, surrounded by many necessary utilities such as markets, hospitals, supermarkets, convenience stores …

 

  1. 5. Check the quality of the old apartment building

– Find an apartment with stable quality and decent enough

– When you come to see the house, you need to carefully observe the condition of the apartment to see if the paint color, plastered walls are peeling a lot, the service in the apartment, the quality of the living environment, and surrounding neighbors. 

 

  1. 6. Note the extra fees

You need to budget for all these fees to avoid being blundered, thinking that you’re buying cheap but it actually turns out to be expensive after adding everything up.

Our expert knowledge of both the property market and business environment ensures our clients are provided the best advice throughout the process. In today’s constantly changing market, buyers face an array of complex challenges and new opportunities. We can help!

Source:https://batdongsan.com.vn/loi-khuyen-cho-nguoi-mua/6-kinh-nghiem-khong-nen-bo-qua-khi-mua-nha-chung-cu-cu-ar102631

 

  1. 6. 3D Rever home viewing technology increases the convenience of real estate transactions

 

Not only is it a temporary solution in the context of the epidemic, but 3D / VR home viewing technology also promises to make a big change in real estate transactions.

  1. Sitting at home, find the house you want:

Select to Rever platform to search with intelligent filtering mechanisms according to the user’s information needs. Within a short time, you can complete a tour of practically every corner of the interior of many apartments without the need for a host key, no appointment required. All thanks to 3D View and Street View home technology (realistic photos of apartments and surrounding residential areas). Then just contact Rever’s broker to come and find out directly, negotiate, and negotiate.

  1. Saving transaction time:

Statistics and observations of real estate postings from the first quarter of 2020 to the first quarter of 2021 recorded on the Rever.vn platform shows that the listings are attached to actual images, supporting 3D View and Street View all had 3 times more visits than usual. Thanks to that, these apartments were selected and closed 30% faster than the total time since the news was published. Customers can know the details of the properties. This makes it faster and more convenient for me to consult customers remotely

 

Why it is important: This technology is implemented effectively, increasing the rate of reaching buyers in a short time, bringing convenience to the parties, saving time, improving efficiency, speeding up progress, and thereby promoting Everything happens more proactively and intelligently. Specifically, the project of the 6nature Da Nang apply 3D space technology for customers’ reference as: https://vr360.com.vn/tham-quan-khong-gian-thuc-te-ao-can-ho-premier-sky-residences-da-nan

Check out The 6Nature Beachfront Apartments Da Nang Project page HERE

Source:https://vnexpress.net/cong-nghe-xem-nha-3d-rever-tang-thuan-tien-giao-dich-dia-oc-4353721.html

 

  1. 7. Set of criteria for apartment buyers during the epidemic season.

 

Some criteria that buyers need to remember when buying an apartment at this time.

Firstly, investing in safe, spacious at least 60sqm for two bedrooms, airy, hygienic, and especially well-managed properties. Currently, there are many well-managed apartments, limiting the generation of F0 during the epidemic season.

 

The second is the ability to exploit rentals. Buyers must predict how much the rent per month will be.

 

The third is to choose “escape Covid” apartments – those that investors can hand over in early 2023.

 

Fourth is a good sales policy. The current time is for buyers and we can choose products with good prices, good payment policies, and discounts.

 

The fifth is the selling price of the apartment. Currently, many people see that the investor paints a very beautiful picture of a project, labeled as a luxury apartment, and considers it a luxury apartment and does not care about the selling price.

 

Six is the style of the investor. When handing over, each investor offers different quality and operation. A suitable criterion in the current time of Covid-19 services is that the project must-have services that provide essential needs such as commercial stores, gyms, clinics. In addition, an equally important criterion is the operator, in the context of the current Covid-19 epidemic.

 

Why it is important: This is a piece of very useful information for investors to make the right decision when buying an apartment in the Covid situation.

  • With the current market situation, finding a great realtor is key to finding the right investment opportunity. All of these points are strong signs of the growth of the real estate market in Vietnam and give a good outlook for capital appreciation for investments in the long run.  Interested in investing in Vietnam?  Contact the CVR team for more details on available properties today!

Source:https://cafeland.vn/tin-tuc/bo-tieu-chi-cho-nguoi-mua-can-ho-mua-dich-102726.html

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  2. 8. What is special about the Asiana Danang long-term ownership beach apartment?

 

Located right in the heart of the Northwest of beautiful Da Nang, Asiana Danang is the first and highest long-term legal ownership apartment project in the region. It is this advantage that opens up dual opportunities: lifetime enjoyment and smart investment for both customers and investors.

Currently, the demand for a life with high-class utilities, the tendency to choose a place to live that has a convenient location, ensures health, integrated space with multi-utilities, and is a long-term asset is increasing day by day. Meeting that criterion, the Asiana Danang l is located right in front of Nguyen Tat Thanh beach – becoming a reason to be sought in the market today. 

Solid legality, peace of mind for customers looking for long-term ownership beach apartments, meeting all the criteria for peaceful settlement – resort

Asiana Danang was formed from the idea of an apartment project facing the sea, with 5 * resort standard amenities, with a height of 33 floors and 487 apartments with a variety of utilities, smart layout, comfort, convenience, and modern.

Position at the Northwestern gateway of Da Nang city, the center of Technology, Industry, and Seaport in the future – Asiana Da Nang becomes the bright spot of the region with the 2 tallest towers in the bay on Nguyen Tat Thanh.

The profitable potential of Asiana Danang also comes from the profits from the source of sustainable tourists in Da Nang. In addition, economic development along with changes in the point of view of choosing a place to live are also the reasons for increasing the demand for long-term coastal apartments. The elite are willing to spend money to own a place to live to enjoy beautiful scenery, a fresh climate, and an effective workplace in the digital era.

 

Why it is important: With distinct advantages and attractive ownership policies, the arrival of Asiana Da Nang is considered to be at the forefront of the “golden moment” of the Da Nang real estate market. CVR is a professional realtor in Da Nang that is very pleased to support customers who are interested in the project. Project details: Asiana Da Nang Project Page

Source:https://batdongsan.com.vn/tin-thi-truong/can-ho-bien-so-huu-lau-dai-asiana-da-nang-co-gi-dac-biet-ar107513

 

As always, CVR is at your service and happy to provide help in any way we can!

Contact Us today 

 

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