The liquidity of the cheap house for rent in District 2 has increased significantly since the beginning of the year, partly due to demand for housing, on the other hand, investors are returning and put money into the real estate.
Reasonable price for apartment for rent in District 2
Pham Lam, General Director of Asia Real Estate Joint Stock Company, said that its leasing division is concentrating on exploiting the market in District 2. With completed apartment for rent in District 2: Parc-Spring apartment, or apartment Era Binh Khanh district 2 are the apartments you can move to stay right away.
With the speed of urbanization is increasing, the key infrastructure is gradually formed, full utility, concentrated middle class crowded and high rent (such as Samland apartment in District 8, The price of two bedroom apartment is not less than $1,400/month) are the factors that investors believe to pour money into the apartment segment in this area.
Due to the concentration of many high-end apartment projects and mainly in the completion phase, rent apartment in District 2 is considered as having good liquidity. Typically, the business results of Novaland Real Estate Investment JSC (Novaland) show that 98% of apartments in the 8th floor of Samland Apartment have customers ordering.
Investors are paying more attention to real estate in District 2
During the initial openings, the proportion of investors was more than the buyers. Until the handover of the house in March 2014, customers to buy is the key and many investors in the first phase also find a certain profit when not afraid to put money into Tropic Garden. Currently, the Samland apartments in Vietnam are still vacant for more than 20 units, these are nice apartments, which are kept by investors for sale for the last sale.
Meanwhile, in the Vista verde of District 2 apartment project, in front of Dong Van Cong, close to the People’s Committee of District 2, the apartment that the investor likes is small area, one bedroom, the rate of buying the product of Vista verde accounts for 50%, equivalent to the number of buyers to stay. Representatives of Novaland also said that it depends on the location where the rate of purchase to invest and to stay different.
For example, the same in District 4, but the project Galaxy 9 (developed by Novaland, basement construction), the investor only accounts for 40%; Icon 56, located in front of Ben Van Don street (adjacent to District 1 center), this rate is 60%. Not only investors from the North as before, the rich in the south also do not hesitate to choose apartments as investment channels.
Similar to cheap house for rent maret in District 2, the middle and high-end apartment projects in District 1 at Chanh Hung Giai Viet have high absorption rates. According to Savills Vietnam, in the second quarter, apartments in these two categories accounted for nearly 70% of total supply as well as absorption in District 7, Typically, the apartment in District 8 of Samland.
In addition to the reasonable price factors, financial support and flexible payment policy from the owner, Savills Vietnam also shows that the turnover ratio The real estate market in Ho Chi Minh City is about 4-6% per year, which is the reason for the liquidity of the apartment market.
“With the ceiling deposit interest rate of banks has decreased significantly in recent times, revenue ratio of 4-6% is quite attractive for investors, especially those who prefer real estate In addition, the lack of stability of other investment channels such as gold and securities also motivate individual investors to inject money into the apartment for rent in District 2” said the representative of Savills Vietnam.
High liquidity turn into profit for the investors
By appealing from the payment packages such as 50% prepayment to get the house and can lease, this money enough to pay customers bank interest, the investor will assist customers find a tenant at reasonable prices. So many people can have options to rent apartment in District 2.
If the investor quickly leases assets immediately after receiving the interest payment pressure will be resolved but if the market situation is as easy as the introduction from the seller.
Regarding the matter should or should not put money into the apartment segment to invest in the present time, Bui Tien Thang – General Director of Sacomreal-S – analysis: the moment the market is vibrant, buyers are Investors accounted for 50-60% of the market, but now the average level for the whole market is 30%.
Therefore, whether to put money into any housing project, low or high segment, where the project progress is guaranteed or not is something that investors have to consider. Not only stable revenue, the investors put money into residential property also enjoy other added value if the investment product is land to build villas for rent. This is a great asset to create in the future, especially in areas with great development potential, limited land fund such as District 2.
In the apartment segment, high-end projects often attract more investors than average projects because of high turnover rates on high-value rental properties, and high utility projects. The level is quite sufficient so it is easy to find tenants.
Thang Tran – Mogi.vn
