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In the announcement session on Batdongsan.com.vn’s third quarter 2020 market report recently, Mr. Nguyen Ngoc Hieu, Head of the Market Research Department of Batdongsan.com.vn said that prices and transactions Real estate in the eastern area have uptrend when the TP project. Investment policy approved by Thu Duc.
Mr. Hieu said that the sale price of apartments in 3 districts in the east in the third quarter of 2020 increased by an average of 1-2%, of which the price increase in District 2 was approximately 2%, District 9 was about 1%, Thu Duc had 2.5% increase compared to the previous quarter 2.
According to big data from Batdongsan.com.vn, in terms of the amplitude of house price increases, compared to the same period in 2019, the increase in apartment prices in the eastern districts is approximately 8%, while the price level of the apartments increases. The average home in the central HCMC area is only 5%.
With the type of private house, semi-detached house, while the central area experienced a 3% decrease in house prices in the last quarter due to the epidemic situation, the prices of houses in District 2, District 9 and Thu Duc still registered an increase of almost 7% compared to that of with the same period.
Currently, the supply of real estate is concentrated in the eastern part of Ho Chi Minh City. |
Mr. Nguyen Ngoc Hieu said that in the period 2020-2025, the new supply on sale in the city. Thu Duc will be quite abundant, with an average annual growth rate of 11.5%, or between 15,000 and 16,000 new apartments per year. This is a remarkable figure compared to the growth rate of supply in the South (4.6%) and the West (5.3%). However, with a large new supply in the future, the market will be subject to more competition, buyers will also demand more.
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