After a long period of relatively quiet supply and liquidity, the market Binh Duong apartments gradually regained its heat with the appearance of a series of new projects about to be launched at the end of the year. According to research from Batdongsan.com.vn, the current supply is somewhat diverse in price range and quality, there are many projects with selling prices ranging from about 1.5-2 billion VND. /apartment.
Binh Duong apartment market recorded an increase in buying demand with the appearance of many new suppliers newly opened for sale.
Specifically, in the area of Di An City, Phuc Dat Group officially announced the Phuc Dat Connect 2 project with a scale of 724 apartments. Accordingly, the selling price of Phuc Dat Connect2 apartment is expected to be about VND 40 million/m2. In the same area of Di An, Bcons Group is introducing to the market the first tower of the Bcons City complex called Green Topaz. It is known that the selling price of Bcons City apartments is expected to range from 34 million VND/m2 (equivalent to about 1.8 billion VND/two-bedroom apartment). Similarly, in the fourth quarter of 2022, Phu Dong Group also plans to launch the Phu Dong SkyOne project, with the area of each apartment ranging from 30 m2 to 75 m2, priced from 1 – 1.5 billion VND.
In addition to new projects, in the last months of the year, Binh Duong also has a series of existing projects open for sale after the break such as C-SkyView and C-RiverView projects of the investor Chanh Nghia Quoc Joint Stock Company. . In the last month of the year, this project will continue to sell the remaining basket and reserve seats for phase 2. Another project, Diamond Boulevard of Tecco Southern investor, will also open for sale next time with an expected price range from 31 million VND/m2.
The Real Estate Market Report August 2022 of Batdongsan.com.vn shows that the demand for apartments in Binh Duong market is showing signs of recovery when the interest in this segment increases by 5% compared to the previous month. 7 earlier. Searches for this type of apartment are mainly concentrated in the area adjacent to Ho Chi Minh City, Di An and Thuan An. Also in August, Thuan An was the only market in Binh Duong that recorded an increase in demand for real estate search, with an increase of 6.2% and mainly in the apartment segment.
Contrary to the type of apartment that is having a good recovery, the transaction of buying and selling project land and villas in Binh Duong has not yet recorded any positive recovery from buying demand due to a shortage of new supply. . Accordingly, the number of listings for sale of villas in Binh Duong decreased by 16% compared to the previous month, resulting in a 7% decrease in purchase demand. Project land also saw a 13% decrease in listings and a 12% decrease in purchase demand. The remaining segments such as townhouses and private houses also recorded a decrease of 19-23% in interest respectively compared to the previous month.
Pham Thi Phuong Thao, General Director of Sao Viet Real Estate Services Joint Stock Company, said that the market demand in the last months of the year is gradually getting better. However, compared to 2020, the supply of apartments in Binh Duong market is still limited. Before the fact that the average selling price of apartments in Ho Chi Minh City market reached 75.4 million VND (according to Cusman&Wakefield data), in Thu Duc City alone, it was about 85.6 million VND/m2. While moving to neighboring areas such as Di An and Thuan An of Binh Duong, there are still apartments priced from 1.5-2 billion VND/unit. Therefore, the apartment segment in Binh Duong market offers a more affordable choice for many young households who want to settle down and want to live closer to Ho Chi Minh City.
According to Mr. Vo Huynh Tuan Kiet, Director of Housing CBRE Vietnam, the Binh Duong apartment market still has a lot of potential for development. Binh Duong currently has a huge real demand for housing when not only local workers want to buy apartments to settle down in the context of high-priced townhouses. Many workers from Ho Chi Minh City who are not too important in terms of location also choose to buy apartments in Binh Duong to save costs. With the speed of infrastructure development, the advantage of transport connections and the affordable price for the majority, Binh Duong apartments are considered a good choice for real buyers in the near future.
According to Phuong Uyen (batdongsan.com.vn)
