Real estate enterprises are preparing to release ‘hot’ products of inexpensive projected apartments, especially land lots with land use right certificates so as to dominate the market in Long An, Binh Duong, Dong Nai, and districts of Ho Chi Minh City.
A heat wave of land lot for real estate market is a surprise to investors in the face of declining investment value of gold, shares, and apartments.
Statistical data show that more trades are made during the first quarter of the year when investors are willing to rush for land lots which are considered as ‘safe’ and ‘non-escalating’ products. This offers a chance of investors to dominate the market in the second quarter by preliminary moves.
In Long An, Dat Xanh Real Estates and Services JSC is preparing to release another 600 land lots (about VND 500 million a lot) in Five Stars Urban Zone after its previous release of 300 land lots.
“The common characteristics of land lots selling in areas bordering Ho Chi Minh City are that the prices are rather low but the locations are near current industrial parks and residential areas. The attractive land lots will stir up strong competition in the time to come,” said Mr. Luong Tri Thin – Director of Dat Xanh Company.
In Dong Nai, the heat wave hits Phuoc An Urban Zone in Nhon Trach dominated by Housing and Urban Development Group (HUD) of Vietnam. By the end of May, Phuc Khang Company is expected to release 400 land lots to attract middle-term and long-term customers who can pay about VND 300-500 million per land lot for the next 5 to 10 years.
Meanwhile, Becamex IJC is projected to introduce their products to Chinese community in Binh Duong and Green Town by the middle of May.
Enterprises are releasing land lots to sell out in May in a move that experts claim as the beginning of a race in finding ways to dominate the inexpensive real estate market. Majority of the projects are attractive to low investment and safe ones.
Source: Binh Duong Newspaper – Translated by Vi Bao
