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Da Nang’s real estate market is currently facing many difficulties – Photo: Đ.C.
Due to the impact of the COVID-19 epidemic, land prices in Da Nang fell dramatically, especially in suburban areas such as the Hoa Xuan Ecological Urban Area (Cam Le District) and the Nam Hoa Xuan Area (District of Ngu Hanh Son). , Golden Hills Urban Area (Lien Chieu District and Hoa Vang District).
Bad urban area
Mr. Nguyen Van Huyen, a longtime real estate trader in the Golden Hills urban area, said: “If people were competing to buy and sell land last year, now there is not a shadow of people who ask to buy land Now many people deposit land to ask me to sell each lot, depending on the location, with a discount of 30-40%, but without transaction.
In the ecological urban areas of Hoa Xuan and Nam Hoa Xuan, all land transactions have stopped, thousands of transaction points here have been closed. Realizing the drop in the price of land, many investors “produced” goods but were unable to sell them. The price of each piece of land in this area also decreased by almost VND 1 billion compared to last year.
Also, in Da Nang coastal areas like Nguyen Tat Thanh, Tan Tra, Son Thuy … after a period of “fever”, the price is now also plummeting. The land transaction points in the coastal zone are usually very active, but are now deserted, with no buyers.
Mr. DVH, director of a real estate company in Da Nang, said that during the first translation of COVID-19, his company has also conducted some real estate transactions with clients, the second phase so far is not. to have. The income is not available, the cost is high, so Mr. H. has to offer support policies to official employees who have been with collaborators for a long time, while collaborators do not receive salary or reduce 50% of the salary.
“Hug the ground like holding a bomb”
Mr. Nguyen Van Lan, director of Minh Lan Real Estate Company, said that land prices in Da Nang started to drop sharply since the beginning of the year when the translation of COVID-19 appeared. Generally, land prices rise rapidly in a short time, it is normal to follow the value of investment in state infrastructure or development of surrounding services. As for Da Nang, in the past, land consolidation and investment in the form of surfing generate profits, causing land prices to rise too high compared to the real value.
“When the market slowed down and showed signs of a sharp drop in prices, many land pickers began to ‘dump’ a lot of land that they had ‘hugged’ before. However, in reality, the price has decreased, but people have very little purchase demand At present, land speculators who “have” assets in large quantities have tried to “free” their trimmed assets but there are no buyers. Land speculators can be seen in many areas. ground like a bomb “- said Lan.
Mr. Vo Van Cuong, President of the Danang Real Estate Association, said that the current price of land has dropped dramatically compared to more than a year ago. According to Mr. Cuong, to support real estate companies, banks must share to stabilize the situation. For bank loans that need to be frozen, the debt is rescheduled, in fact the real estate business is currently in a very difficult situation.
Great debt accumulates hundreds of billions
The Da Nang Police Department, CSDT, said it processed the case to take advantage of positions and powers while on duty; prosecute the accused, arrest and detain Ms. Duong Thi Ngoc Anh, specialist from the Son Tra District Land Registry Office Branch, and Ms. Dao Thi Nhu Le (Ms. Anh’s accomplice) .
What makes Da Nang’s public opinion poignant is not only the dire fact that the loss of a number of people’s red books at the Son Tra property registration office branch. From here, the root source is the real estate giant’s debt deposit.
Ms. Anh once voluntarily took 6 certificates of people’s land use rights for Ms. Le to use illegally. After that, Mrs. returned the certificates.
The police investigation has prosecuted the case and has urgently arrested Ms. Anh. After that, Ms. Le also returned from Quang Nam to surrender. Initially, Ms Le claimed to have borrowed around VND 500 billion from some banks to invest in real estate. However, the price of land has fallen drastically and has been affected by the COVID-19 epidemic, making it almost frozen. Ms. Ms borrowed around VND 500 billion from abroad at an interest rate of 5 to 30% to pay off bank debt and other loans and gradually lost her ability to pay.
Da Nang approved the new land price list
