Real Estate Projects in HCMC to Handover at the End of 2021

Records show that many apartment projects in Ho Chi Minh City are preparing to hand over to customers. In which, there are a number of projects that were supposed to be handed over from the beginning of the third quarter of 2021, but due to the complicated situation of the Covid-19 epidemic, investors delayed the handover time to customers.

For example, the Akari City project located at the front of Vo Van Kiet Street, Binh Tan District, Ho Chi Minh City by Nam Long Group with a scale of 8.5 hectares is expected to start handing over apartments from 6/11. It is known that the apartment in this project is offering a secondary price of about 37-38 million VND/m2. Compared to the time of opening sale in 2019, this price has increased by about 15-20%. The project should have been handed over before, but due to the complicated situation in Ho Chi Minh City, this investor delayed the handover time to early November 2021. New homes welcome the Lunar New Year, as well as investors looking for opportunities to take profits at the end of the year.

Những điều bạn cần biết về dự án Akari City Bình Tân của Nam Long
Akari City

Similarly, Van Phuc Group, in addition to implementing the year-end sales plan with product lines of townhouses, lakeside, riverside eco-villas and apartments, this unit will also hand over nearly 200 products by the end of this year.

Or, Q7 Saigon Riverside apartment project will also be handed over in the fourth quarter of 2021. This is an apartment project with a scale of 7.5ha at Dao Tri Street, District 7. Currently, the price on the secondary market fluctuates around 2.5 billion VND/unit, 2-bedroom apartment.

Previously, in the second quarter of 2021 and the third quarter of 2021, a number of apartment projects such as Asiana Capella, Eco Green Saigon, Citi Esto project, Midtown Phu My Hung, Q7 Boulevrad project … also moved to hand over. , welcome the first new residents living in the project.

Not only in Ho Chi Minh City, in neighboring provinces such as Binh Duong, Dong Nai, Long An, a number of apartment projects are also entering the handover phase, contributing to the market supply at the end of the year.

According to experts, compared with projects formed in the future, apartment projects that are about to be handed over or have been handed over still have their own attraction to real buyers. The record shows that, even in the context of the complicated epidemic, the transfer of completed apartments is still going well.

Records show that the rental price of completed apartment projects in Ho Chi Minh City or Binh Duong for 2-bedroom apartments currently has an average rent of about 7-11 million VND/month (depending on the apartment, furniture).

And the fact shows that not every completed project has a higher price than a project formed in the future. The survey shows that, some projects in District 8, District 6, or Binh Tan District… prices on the secondary market still have projects ranging from 35-40 million VND/m2, lower than some future projects in HCMC as well as in Binh Duong. Accordingly, with apartment projects that can be moved in immediately, the access of real guests will be easier.

According to a representative of Colliers Vietnam, the price of mid-range apartments is regulated stably by the market, so people with real housing needs can still access and find a house they like. Newly launched products have many incentives, including financial ones. The project owner also links with many banks and offers many flexible payment methods. Home loan interest rates are at a very good level and tend to decrease further, which will help people with real housing needs to afford to buy houses at this time.

According to this unit, the real demand for housing of people in Ho Chi Minh City is still very high. The mechanical population of the city is about 12-13 million people, many young families and young people who have worked for many years still cannot buy an apartment. The supply of apartments is still quite short and only meets about 15% of the demand. Meanwhile, housing prices in Ho Chi Minh City in recent years have continuously increased, making it more difficult to find affordable projects for many people. Therefore, the apartment projects handed over at a reasonable price in the suburban areas of the city are still sought after by real buyers.

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