Expensive location – Factors that help real estate “immune” through a quiet period
According to the DKRA Vietnam report on the HCMC housing market in the second quarter of 2020, the eastern area of the city continues to lead the HCMC housing market, accounting for 42% of supply and 45% of consumption. The most prominent is still District 2 – an attractive focus for both home buyers or for investment. Where does this attraction come from?
Why is the cash flow still flowing into District 2 real estate?
With high demand for housing, district 2 is always an attractive rental market. According to a report by CBRE Vietnam, this is also the region with impressive price increases. In the period 2015–2020, the selling price of luxury apartments in the primary market in District 2 increased on average by 7.3% per year. Since 2018, the price has increased significantly as the metro line gradually completes, with the asking price 25% -75% higher than the starting price. These figures show the attractive investment potential of the apartment market in District 2. The real estate will continue to increase in value, especially when the metro line in Ho Chi Minh City officially operates in 2021.
Besides, according to experts, luxury real estate in a location has a high ability “immunity” to short-term fluctuations of the market. As a result, projects in strategic locations that have not fallen in price during COVID-19 have even inherited a positive impact from the post-pandemic economic recovery. The expensive location is the factor stretching the price increase band of luxury real estate in big cities like Hanoi and Ho Chi Minh City. This shows the attractive investment potential of luxury apartment products in strategic locations, such as Thao Dien area, District 2.
Great potential from an expensive location
In terms of location, District 2 is the gateway connecting the center of Ho Chi Minh City and the new Thu Duc city in the East, from which it is easy to connect to the administrative center thanks to the system of Thu Thiem tunnel, the bridge over the Saigon River. such as connecting with the Hi-Tech Park of District 9 and some neighboring provinces such as Dong Nai, Binh Duong, Vung Tau via the system of highways and highways.
The appearance of District 2 real estate has changed rapidly in recent years thanks to a series of large traffic projects invested. In addition to the Hanoi Highway, East-West Highway, Ho Chi Minh City – Long Thanh – Dau Giay Expressway, metro line No. 1 Ben Thanh – Suoi Tien is about to put into operation in 2021, will contribute to complete traffic infrastructure. area and added convenience for District 2 residents.
District 2 is also home to an ideal living environment with low population density and fresh space. In particular, the Thao Dien area always attracts foreign experts who choose to live because of its location adjacent to the river and large green area. This is also home to a system of modern high-end facilities such as schools, hospitals, restaurants with many rich cultural entertainment activities.
Mr. Gibran Bukhari – Director of Business Division Masterise Homes, a real estate specialist with more than 20 years of international experience, commented: “For real estate investors in Vietnam as well as anywhere in the world, the factor of concern leading is always the position. That explains the attractiveness of District 2, especially Thao Dien, for both international and domestic visitors. ”
New bright spot in Thao Dien area, District 2
Capturing the needs of customers, a lot of luxury apartment projects have been formed in District 2, especially along the metro route on Hanoi Highway in Thao Dien, An Phu. Among them, LUMIÈRE riverside of Masterise Homes is attracting a lot of attention. Dubbed the “last jewel” of the Thao Dien area, LUMIÈRE riverside is located on two fronts of Hanoi Highway and Vo Truong Toan, with a “million dollar” view towards the Saigon River and the city center.
In addition to its rare and expensive location, LUMIÈRE Riverside is also a pioneer project bringing the concept of living to international standards into Vietnam, with a unique design inspired by the organic lifestyle, harmony between nature and convenience. Comfort, luxury. “Located between the foreign expert community and the civilized class of Thao Dien, we wish to create a unique LUMIÈRE riverside of international standards and match the diamond position of the project, at the same time meeting the luxury needs of customers in this area ”, said Mr. Gibran Bukhari. “Masterise Homes has joined hands with the world’s leading partners to bring LUMIÈRE Riverside a luxurious and classy living experience not inferior to high-end real estate projects in Hong Kong and Singapore. This will definitely be a project to strongly attract domestic and international customers in the near future.
Phương Dung
Cre: cafef.vn