Clients visit IJC@VSIP project, Binh Duong New City.
CBRE, Vietnam’s leading real estate market research company just set out statistics showing Binh Duong real estate market is bustling with apartments worth at average level.
Buyers on the rise
According to CBRE, Binh Duong real estate market resumes its liveliness in the first 3 months of this year with more than 1,000 sold apartments, a three fold increase compared with the previous year. Meanwhile, more than 500 land lots were successfully transacted after only the first 3 months of this year.
More importantly, a survey showed that more than 350 apartments were sold, a double from the same period last year. After many years of silence, real estate market witnesses a strong rebound of big projects. Thanks to development of information network, house buyers enjoy smart solutions of collecting detailed information on real estate market.
At present, real estate market has appeared many projects with average level price in HCMC and Binh Duong province.
In March 2015, Binh Duong real estate market marked a rebound of Becamex social house project. Accordingly, Becamex IDC inaugurated the first phase of the project with nearly 5,000 apartments in Viet Sing residential area (Thuan An town), Hoa Loi social house area (Thu Dau Mot city), My Phuoc 1 IP (Ben Cat town) and Bau Bang IP (Bau Bang district) as well as built 10,000 more apartments.
Notably, Becamex IDC adjusted apartment area to meet clients’ rising demand. Bui Van Chien, vice general director of Becamex IDC said “We adjust and expand social house area from 30sqm to 50sqm with the purpose of meeting laborers’ great demand on accommodation. In reality, this product is greatly welcomed by clients”.
Rebound of Binh Duong real estate market brings many opportunities for buyers. They enjoy quality and convenient products with reasonable levels of price. Besides, support measures from banks and investors are also advantages for the market.
More professional competition
In the recent years, Binh Duong real estate market has gained a great attraction from two-bed room apartments with the price ranging from VND600-800mn. With average level of price, social house projects have enough conveniences like hi-grade apartments. Thanks to loan package worth VND30tril, social house buyers in Binh Duong enjoy a loan worth up to 80% value of apartments with the interest rate of 5% within 15 years.
As such, buyers will spend about VND200mn for the first payment period and less VND7mn per month for payment for banks.
Hoang Anh Tuan, director of Tac Dat Tac Vang Company said that after economic recession, many investors with restriction of capital were forced to quit the market. The ongoing projects belong to prestigious and capable investors. Binh Duong real estate is paid much attention by local and foreign investors, owing to rapid increase on population and human resources.
Possible speaking, paranoma of Binh Duong real estate market in this year becomes lively with the participation of wise clients, prestigious investors, especially a VND30tril support package.
Therefore, experts said that 2015 will be a lively year for Binh Duong real estate transaction floors.
Reported by K.Vinh – Translated by A.C
