July has reportedly witnessed various real estate projects with prices ranging from 270 million dong to 800 million entering the market.
Nam Long Investment JSC that specialises in mid-end property projects in HCM City is about to bring affordable apartments and garden houses onto the market later this month and early August. Apartments at Ehome North Sai Gon (Binh Duong) project are offered at 867 million dong each and Ehome 3 (Binh Tan District) 615 million dong.
Phuc Khang Investment and Construction JSC together with Thang Long Real Estate JSC launched on 21 July in HCM City 268 land plots under the Sunflower City (Dong Nai) project at 2.3 million dong per sqm.
General director of Phuc Khang JSC Luu Thi Thanh Mau said the depressed property market would normally hit high-end and mid-end segments rather than low-end one. Therefore, affordable housing has currently made up overwhelming proportion of the total property items on the market. She assumed this segment would stand a better chance of rapidly reviving than others thanks to expanding demand.
High-end and mid-end segments have been facin liquidity problems as prices are far beyond the reach of the majority of customers, said general director of A Chau Real Estate Company Pham Van Hai. Since most buyers would have an amount of 200-300 million dong rather than billions of dong on hand, low-end projects would, to some extent, be tempting.
In all likelihood, cheap land plots with the Red Books available as well as apartments of 600 million dong-700 million dong with the extended payment period would further come up, he said.
Source Intellasia | VnExpress