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Real estate companies have new ways in 2014

Mr. Pham Thanh Hung, vice director of Cengroup, said new property order will be set up in 2014. Previously, 70 – 80% of subjects participating in the market were investors who had bought tens or even hundreds of apartments and then offered for sale to enjoy the difference in price. This year (2014), property is no longer a super profitable channel for speculators so that these subjects will gradually leave from the market.
Mr. Le Quoc Cuong, director of Dia Tien Thanh real estate trading floor, said completed and to-be-handed-over projects and affordable apartments remain to be strongly transacted. This is a precedent for property to develop in 2014. “Following the past year-end momentum, this year’s property market will witness the gradual warming of the whole market, especially the low-cost and mid-class apartment segments,” said Cuong.
Having the same viewpoint, CBRE Vietnam’s managing director Marc Townsend, said this year, bright point may continue shining at mid-class apartment segment. 5 years ago, none of investors thought of developing low-cost houses to offer for sale. However, commercial housing projects, with reasonable price and small size, are now playing the leading role for the market. The supply of this segment is likely to highly increase in the coming time.
“2014 remains the time for low-cost houses, developers having many land funds in hand will have more advantages if take full advantage of opportunities well,” said Marc.

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