According to data from Batdongsan.com.vn, the market is currently showing signs of a reversal, with interest in real estate on the rise. Specifically, interest in land in the third quarter of 2024 is expected to increase by 49% over the same period in 2023, private houses by 25%, apartments by 24%, and villas by 22%.
Participating in a survey by Batdongsan.com.vn, 72% of brokers said that fluctuations in the current real estate market are showing more positive signs.
Through the cycle of fluctuations, the real estate market is gradually showing many positive signs of recovery.
Batdongsan.com.vn's synthesis also shows that many newly opened projects in Hanoi and Ho Chi Minh City have quite high prices. In Hanoi , the average price ranges from 45 million VND/m2 to 90 million VND/m2. In Ho Chi Minh City, the average price ranges from 45 million VND/m2 to 130 million VND/m2. Most brokers responding to Batdongsan.com.vn's survey said that the absorption rate of newly opened projects ranges from average (30% - 60%) to very good (>80%).
Sharing about the new laws, Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn said: “The three revised laws related to real estate are being positively received by buyers, brokers, trading floors and real estate investors. The real estate market in 2024 is expected to increase transparency thanks to changes in the Law. The supply of social housing is also likely to improve with new preferential and support policies.”
Newly opened projects in Ho Chi Minh City and Hanoi have quite high prices.
In addition, the private house and land market has also recorded many positive signs. According to real estate market data for the first 9 months of 2024 of this site, the two types of private houses and land have generally improved in terms of interest and transactions. However, this is still only a local improvement in some areas, especially the northern provinces.
Accordingly, the price of private houses increased to 173 million VND/m2 in the third quarter of 2024 compared to 95 million VND/m2 in the first quarter of 2021. Meanwhile, the price of land in this area increased to 46 million VND/m2 in the third quarter of 2024 compared to 27 million VND/m2 in the first quarter of 2021. In the Southern region, the fluctuation in land and house prices was not too large. Specifically, the price of private houses increased to 106 million VND/m2 in the third quarter of 2024 compared to 94 million VND/m2 in the first quarter of 2021 and the price of land increased slightly to 17 million VND/m2 in the third quarter of 2024 compared to 13 million VND/m2 in the first quarter of 2021.
The rental market is also entering a growth cycle due to peak season factors and pressure from selling prices. In the first 9 months of 2024, selling prices have gradually increased to over 50 million VND/m2, which also creates pressure for rental prices to increase, from 10 million VND/unit/month at the end of 2023 to 11 million VND/unit/month.
Le Trang
Source: https://www.congluan.vn/di-qua-chu-ky-bien-dong-thi-truong-bat-dong-san-ghi-nhan-nhieu-dau-hieu-hoi-phuc-post312916.html
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