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Real estate market in ho chi minh with the trend of increasing in demand of cheap to middle segment in 2011
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Real estate market in ho chi minh with the trend of increasing in demand of cheap to middle segment in 2011

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A rise in demand for cheap to middle price segment in real estate and a hot competition in interest rate, selling price and loan policy in 2011 in Vietnam

A rise in demand for cheap to middle price segment in real estate and a hot competition in interest rate, selling price and loan policy in 2011 in Vietnam

Published in: Real Estate, Education, Business

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  • 1. Real estate market in Ho Chi Minh with the trend of increasing indemand of cheap to middle segment in 2011It’s positive to look at the estate market in Ho Chi Minh City in 2011. With the effects of Decree71 and circular 16, it helps to make the market more explicit, prevent speculating and make itmore convenient for customer in their purchasing process.VIPC’s analysts- a fund management corporation along with other experts in Vietnam haveestimated that there will be a decrease in high class apartment segment while the cheap to middlesegment witnesses a rise in trading activities. This can be explained by some reasons. Firstly,there is an increase in the demand of customer for affordable houses in Southern and even fromNorthern areas. Secondly, while gold market, currency market and stock exchange market stillunstable- indicated by VIPC ‘s investment experts in security and private equity, affordableapartment segment still is a safe channel for investors.While the real estate market have a rise trend in low to middle price segment, investors still needto be more careful. According to some reports from CBRE, there are more than 10000apartments left from last year. It is said that due to the financial crises, the high interest rate inparticular, investors could only consume about 50% in total 22000 apartments being on sale from55 projects. In similar with CBRE, Vietrees’s research pointed out that the buying ability waslow also because at that time, there were still about 40000 available apartments being on re-saleprocess.2011 will be a burning year of real estate projects in Ho Chi Minh City when the supplyincreases, provides the market about 20000 new apartments. This also creates a harshcompetition in the market but also bring benefits towards investors. To attract customers, therewill be a running in adjusting interest rate, the selling price as well as loan policies. To maximizeprofit and reduce risk in investment activities, the role of fund management companies isimportant. They have high prestige in real estate field with professional and well-trained analystshaving high skills so that they are able to make wise, timely and macro decisions and this willbring long term profits to customers.Angela Trang Pham
  • 2. Sales & Marketing Departmentmarketingteam@vipc.com.vnVIPC Fund Management Corp.,No. 8 Nguyen Hue, Dist. 1, Ho Chi Minh City, Vietnamhttp://www.vipc.com.vn