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The real estate companies selling land plots and townhouses having a big win

Sunday - 06/01/2019 19:56
The amount of land plots and row houses sold in 2018 increased dramatically, with trading units doubling in 2016 - 2017.
A project of land plots and townhouses adjacent to Saigon. Photo: Vu Le
A project of land plots and townhouses adjacent to Saigon. Photo: Vu Le
VnExpress's survey, in 2018, the real estate companies selling land plots have a spectacular breakthrough in the number of goods sold as well as the value of traded products.

Kim Oanh Real company, a senior unit specializing in distribution of land plots and row house has just announced a spectacular growth year in sales. The company's average growth rate is about 40% per year against previous years and suddenly accelerated sharply in 2018.

In 2016 - 2017, on average each year, the enterprise has been sold 5,000-6,000 products to the market. In 2018 alone, the company sold 10,000 products, nearly double the previous years. However, the majority of these businesses are land plots and row house in adjacent provinces of Saigon, most in Binh Duong and Dong Nai.

With a clean land fund of 550 hectares, in 2019 Kim Oanh Real plans to diversify products. Besides the main segment of land plots and built houses, the company said it would penetrate the apartment market and provide services, tourism, trade and hotels.

Last year, Danh Khoi Real Estate Joint Stock Company (DKR) sold 1,000 products, including 400 commercial kiosks, 300 townhouses, and 300 land plots. The proportion of real estate with land plots and row houses accounts for over 70% of the basket of goods. In 2019, this enterprise continued to boost the market share of real estate in the land plots and row houses in Ho Chi Minh City and Long An and Vung Tau areas.

According to preliminary statistics in the trading system of DKRA Vietnam Company, in 2018, the company sold about 4,000 products, of which, 60% of real estate in land plots and row houses. The company's leaders said that most of the land plots and townhouses in Long An and Nhon Trach and the number of real estate in Ho Chi Minh City accounted for a lower proportion than the provinces.

Meanwhile, Cat Tuong Company also sold 4,000 terrestrial real estate products including land plots and townhouses in 2018 in the key areas of the neighboring provinces of Saigon. The company's sales volume is similar to 2017 but it is worth noting that the total value of goods has increased by 25-30%. The reason is that land fever caused real estate prices to soar sharply last year.

Even land plots projects launched quite late this year are also welcomed by investors. A project with an investor's residence located in Saigon, located on provincial road 830, frontage of Ring Road 4, in Ben Luc district (Long An) adjacent to Ho Chi Minh City via Binh Chanh district has just announced to the market at the end of November 2018, immediately "burned" the goods. Only in 12/2018, the project was interested by thousands of customers and successfully held over 700 platforms.

Real estate experts assessed that in 2018, a basket of terestrial real estate goods tends to be concentrated in the neighboring provinces of Saigon with high liquidity and this scenario is likely to repeat in 2019. Because Ky Hoi year was the time when the hinge of Ho Chi Minh City restricted the licensing of new projects and the inner city land fund was not much.

The general director of Sea Holdings Real Estate Company, Tran Hien Phuong, said that an inevitable impact on the adjacent regional real estate market when Saigon restricted its license to the new project was "the water will run to the depression ".

Mr. Phuong analyzed, when housing prices in Ho Chi Minh City are too high and scarce, new product distribution maps may shift to suburban locations. These are the provinces adjacent to or near Saigon such as Long An, Dong Nai, Vung Tau, Binh Duong because these areas are not restricted to new project development and land prices, housing prices are softer than HCMC.

Author: Translated by CoPhieuViet.Com

Source: Vnexpress newspaper

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