Although the hard time of real estate market is still far from over, and opportunities to invest in the market remain limited, it is the golden time for home buyers, according to analysts.
Analysing Hochiminh City real estate market from the view point of home buyers, Adam Bury, Associate Director of Investment Department, CBRE Vietnam said that the real estate market has been at the bottom and begin to show the signal of recovery.
“Home buyers are still waiting the real estate prices to continue falling, however, according to CBRE’s statistic, HCMC property prices has hit the bottom. I would be surprised and feel sorry to those who have real needs for housing, but don’t buy a house at this time.” Adam Bury believed that Vietnam’s economy is moving in the right path, less attractive gold and deposit investment will support the real estate market recovery. Once the market recovers, prices will rapidly go up and opportunities for home buyers will be less.
According to CBRE’s survey, second quarter of 2013 alone has seen a total of 598 apartments offered for sale from many projects such as Happy Valley, Sunrise City (the North) and Dragon Hill Residence and Suite of the Saigon South. Transaction of senior projects has also increased significantly, accounting for about 40% of nearly 1,200 apartments sold in the second quarter.
Source: Đầu tư chứng khoán Online – Writer: Tang Trien