The real estate market in the south is showing signs of recovery as high prestige projects get off the ground, according to independent market watchdogs.
Investors are now ready to pour money into projects that offer reasonable prices and are located in favourable sites in Ho Chi Minh City and neighbouring provinces.
Late last week, the Dong A Dat Xanh Company, for example, launched sales of 41 apartments at its Gia Phu Khang project in Thu Duc district, which sold out within one hour.
Similarly, the Nam Long Investment Joint Stock Company last week also began selling 161 apartments at its Ehome 3 Tay Sai Gon project in Tan Binh district, with each selling for 710 million VND (33,800 USD).
In the morning that the company launched sales, it received deposits for 32 apartments.
The Gia Tan Huong property project in Tan Phu district sold 80 percent of the total 100 apartments put on sale within the first two weeks.
Sales of land plots at the Nhan Phu project of Phong Phu Company have seen all 51 products ordered.
Projects in neighbouring provinces have also been selling well.
In Binh Duong province, Mecamex IJC and Tac Dat Tac Vang companies together recently launched the sale of street houses in the Prince Town Project. All 50 houses were ordered immediately.
The Kim Oanh Real Estate Company has also sold nearly 1,000 land plots in Binh Duong province.
Market analysts said projects that are selling well have shown good construction progress, with many finished products.
These projects have also attracted investors with high prestige.
On the other hand, many other developers of property projects have tried to sell their products by offering attractive promotions, but most of them remained unsold.
Hoang Anh Tuan, general director of Tac Dat Tac Vang Company, said the property market is recovering but still has problems.
Many investors have lowered prices and even taken losses, but customers are reluctant to buy because they lacked confidence in them, Tuan said.-VNA
Investors are now ready to pour money into projects that offer reasonable prices and are located in favourable sites in Ho Chi Minh City and neighbouring provinces.
Late last week, the Dong A Dat Xanh Company, for example, launched sales of 41 apartments at its Gia Phu Khang project in Thu Duc district, which sold out within one hour.
Similarly, the Nam Long Investment Joint Stock Company last week also began selling 161 apartments at its Ehome 3 Tay Sai Gon project in Tan Binh district, with each selling for 710 million VND (33,800 USD).
In the morning that the company launched sales, it received deposits for 32 apartments.
The Gia Tan Huong property project in Tan Phu district sold 80 percent of the total 100 apartments put on sale within the first two weeks.
Sales of land plots at the Nhan Phu project of Phong Phu Company have seen all 51 products ordered.
Projects in neighbouring provinces have also been selling well.
In Binh Duong province, Mecamex IJC and Tac Dat Tac Vang companies together recently launched the sale of street houses in the Prince Town Project. All 50 houses were ordered immediately.
The Kim Oanh Real Estate Company has also sold nearly 1,000 land plots in Binh Duong province.
Market analysts said projects that are selling well have shown good construction progress, with many finished products.
These projects have also attracted investors with high prestige.
On the other hand, many other developers of property projects have tried to sell their products by offering attractive promotions, but most of them remained unsold.
Hoang Anh Tuan, general director of Tac Dat Tac Vang Company, said the property market is recovering but still has problems.
Many investors have lowered prices and even taken losses, but customers are reluctant to buy because they lacked confidence in them, Tuan said.-VNA
