The activity of tightening credit sources into real estate in the past time is expected to help purify the city's real estate market. Ho Chi Minh City in the last 6 months of 2022, creating confidence for investors. Meanwhile, new supply will continue to remain as in the first half of 2022.
Lots of positive signals
According to Savills Vietnam Research, the real estate market in the first half of 2022, despite facing many difficulties in terms of investment capital and limited land fund, still recorded some positive signs. Ms. Vo Thi Khanh Trang - Deputy Director of Savills Vietnam, said that the real estate market in Ho Chi Minh City. Ho Chi Minh City still recorded a certain new supply, especially from large-scale projects.
Some notable points of the real estate market in Ho Chi Minh City. Ho Chi Minh City in the second half of 2022 was also mentioned by Ms. Trang as: The growth in supply remained at the same rate as in the first half of 2022 with about 10,000 apartments for sale and more than 200 townhouse products. In particular, the apartment segment is still concentrated in areas such as Ho Chi Minh City. Thu Duc and District 7. These are the areas adjacent to the center with the existing land bank.
However, the townhouse product line only recorded 2 new projects in Nha Be and the old district 9. This is an inevitable trend of the real estate market in Ho Chi Minh City. Ho Chi Minh. In addition, neighboring areas such as Binh Duong, Dong Nai, and Long An will continue to benefit in the near future due to the supply in Ho Chi Minh City. Limited Ho Chi Minh.
“Currently, the price of apartments in Ho Chi Minh City. Ho Chi Minh City is also at a high level compared to the income of the majority of people. Therefore, housing in neighboring provinces will be a destination for people in the city. Ho Chi Minh City or immigrants are in need of buying a house," explained Ms. Trang.
From an investment perspective, Savills also assessed that the Government's success in controlling the Covid-19 epidemic and opening the door to foreign businesses and investors in Vietnam will be a great driving force for FDI inflows. ' into real estate. On that basis, in the coming time, capital into the market will be improved and increased again.
Strong purification market
Ms. Trang pointed out the big problems of the city's real estate market. Ho Chi Minh City is a limited land fund, the supply is quite low, the selling price is high and the project licensing process is still being tightened.
Regarding the issue of tightening credit to real estate, the expert said that this is a positive signal because this shows that the market is having a strong purification towards a more sustainable and healthy development. Accordingly, only real investors with financial resources and sustainable development will continue to exist in the market. While, investors depend on loans and do not have a sustainable development process, they will face many difficulties.
In terms of home buyers, Ms. Trang said, credit tightening can reduce the group of speculative, surfing and non-residential buyers, thereby helping homebuyers with real needs get closer to the real estate market. more home owners.
“However, investors have to face the cost of land use and raw material prices continue to increase. This is also a difficulty for the investor and affects the final selling price of the product. Therefore, the affordable or social housing segment is still a door for investors to participate in and contribute to the development of society "- Ms. Trang recommended.
In addition, Savills experts also recommend that businesses need to actively diversify their capital sources and access alternative channels such as investment funds, M&A, joint ventures, etc. in the context of tight real estate credit. Diversifying capital sources will help stabilize the market and reduce systemic risks.
By Thoi bao Tai chinh Viet Nam