Hunting for real estate investment opportunities after Tet
The real estate market became stagnant from the second quarter of last year, with investors looking for quick profits leaving the game as the market saw a decreased liquidity and real estate gradually fell back to its actual value.
This, however, has also ushered in opportunities for investors with available cash and a long-term vision.
Dang Van Thanh, a resident of Di An city in the southern province of Binh Duong, has just bought a satisfactory piece of land during a spring trip with his family in Tay Ninh – a locality in the southeastern region.
The land has an area of about 100 square metres and is located on a wide open road that is near schools and benefits from convenient transportation connections. The price offered by the landowner was around $52,170, equivalent to $520/sq.m, however, after negotiation the piece of land fetched nearly $43,480.
Without using financial leverage, Thanh and his wife did not hesitate to buy the land plot as a long-term investment.
2022 saw many changes ahead of a new cycle in the real estate market |
Similarly, during a spring trip during the first days of Tet, Nguyen Van Hung, a veteran investor in Hanoi, decided to put money into buying a piece of land covering 90sq.m in Hung Yen province for $86,950.
Hung shared that as the land is located in a beautiful area with high potential, he paid a deposit right away and chose a good day to sign the contract.
“As the market is currently stagnating, it may not be profitable in the first year, but when the market reboots, land prices are likely to inch up by 20-30 per cent in value. Real estate is a long-term investment channel, the longer it stays, the higher the price will be,” said Hung.
Experts believe that 2022 saw many changes as it prepared for a new cycle in the real estate market. In 2023, the process of adjustment and purification is expected to help institute a healthier, more transparent, and more sustainable investment and business environment.
Therefore, investors with a long-term vision keep hunting for potential real estate purchases and are ready to put down money when they find suitable options.
Recognising this issue, Tran Khanh Quang, general director of Viet An Hoa Real Estate Investment Co., Ltd., said that the real estate market always has potential in the long-term thanks to the rapid pace of urbanisation, increasingly comprehensive infrastructure, and high housing demand.
As a result, if investors have available capital for 6-12 months, they can put money into real estate as it is deemed a durable and productive investment channel compared to many other options.
“The real estate market this year still has many promising bright spots. Investors should not put all their capital into a crowd-driven segment. Instead, they should choose a segment that is suitable for their financial means to create efficiency and reduce risks,” said Quang.
From the perspective of a business acting as a real estate distributor and developer, Nguyen Nam Hien, chairman of VPCORP and HKT GROUP, feels that the demand for housing is still huge this year, especially in the mid-range segment and in the satellite areas of Ho Chi Minh City.
“Average and mid-range housing is the key segment of the market this year because it will solve the accommodation needs of many customers. This is true not only in big cities like Ho Chi Minh City, but also in many satellite areas where human resources are concentrated such as Binh Duong, Dong Nai, or Long An,” Hien opined.
Businesses should therefore study products carefully, change themselves, and set forth clear goals and plans. In addition to building houses for the rich, they also need to focus on creating a place to live for those with average earnings.
In 2023, the process of adjustment and purification is expected to help institute a healthier, more transparent, and more sustainable investment and business environment. |
See also
Property market starts new recovery “cycle”
08:22 | 26/09/2024 Property
Decree facilitates social housing development
15:06 | 13/08/2024 Property
Digitization of land administration a necessity: Deputy PM
09:39 | 24/06/2024 Property
Vietnam resort properties attractive to foreign investors
07:30 | 27/05/2024 Society
The OpusK by SonKim Land Triumphs at Vietnam Property Awards 2023
10:29 | 14/11/2023 Property
BCI Central celebrates the best in Vietnam architecture, building and design industry
07:05 | 28/05/2023 Property
See more news
M&A to pick up in property market
07:00 | 19/05/2023 Property
More than a million low-income homes to be built by 2030
07:00 | 07/04/2023 Property
Strong signals of positive year for industrial real estate market
10:25 | 27/03/2023 Property
Credit crunch burdens real estate market
06:00 | 03/03/2023 Finance-Banking
A great chance to invest in commercial property
10:46 | 30/01/2023 Property
Industrial real estate market recovers strongly
06:00 | 06/08/2022 Property
Banks tightening real estate credit to limit risks
06:00 | 06/05/2022 Economy
Bright prospects for Vietnam’s industrial real estate market
06:00 | 19/03/2022 Property
Vietnam, an ideal destination for real estate investors
06:00 | 28/01/2022 Property
Bac Ninh: 28 additional 4-star-rated OCOP products
23:24 | 22/12/2024 Society
PM attends inauguration of resettlement areas of Lao Cai’s typhoon-affected villages
18:52 | 22/12/2024 News and Events
Defence cooperation forms pillar of Vietnam-Thailand enhanced strategic partnership
18:39 | 22/12/2024 Cooperation
Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024
17:02 | 22/12/2024 Science - Technology
Vietnam needs development of green products exported to UK
16:58 | 22/12/2024 Trade
Multimedia
Glorious tradition of the Vietnam People's Army
08:30 | 22/12/2024 Infographic
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
09:02 | 17/12/2024 Infographic
First 11 months of 2024: Import-export turnover increases 15.4%
10:55 | 16/12/2024 Infographic
11-month agro-forestry-fishery exports exceed yearly target
19:55 | 15/12/2024 Infographic
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
08:57 | 13/12/2024 Infographic
Gov't targets to gradually make English second language at schools by 2030
15:45 | 21/12/2024 Policy
Nine newly-adopted laws made public
16:42 | 20/12/2024 Policy
Resolution on construction of North-South high-speed railway issued
11:42 | 19/12/2024 Policy
PM requests no one be left behind in apparatus restructuring
09:16 | 18/12/2024 Policy
Ministry proposes incentives for renewable energy projects
16:17 | 20/12/2024 Energy
The Era of Advancement for Vietnam Industrial Park
17:15 | 19/12/2024 Industry
Vietnamese coffee sector working to meet EU Deforestation Regulation
16:38 | 18/12/2024 Industry
Construction industry expands at the highest rate since 2020: ministry
09:38 | 18/12/2024 Industry
Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025
12:33 | 21/12/2024 Investment
Boeing aims to expand investment and cooperation in Vietnam’s defense sector
17:00 | 19/12/2024 Investment
Can Tho attracts non-state investment
10:21 | 17/12/2024 Investment
FDI remains vital contributor to boost economic growth
09:06 | 13/12/2024 Investment
Year-end surge in property bond issuance amid financial challenges
09:39 | 20/12/2024 Finance-Banking
Vietcombank named most valuable brand in Vietnam
16:43 | 18/12/2024 Finance-Banking
Many banks increase deposit interest rates in year-end period
16:56 | 16/12/2024 Finance-Banking
Deputy PM urges extra efforts to remove Vietnam from money laundering grey list
15:16 | 13/12/2024 Finance-Banking
Vietnam likely to face continued turbulent weather systems in 2025
14:26 | 19/12/2024 Environment
Nature-based projects help Mekong Delta fight climate change
16:31 | 18/12/2024 Environment
11 rare monkeys released back into wild in Nghe An
09:27 | 18/12/2024 Environment
Master Plan on Sustainable Exploitation and Use of Coastal Resources announced
11:26 | 16/12/2024 Environment
Contracts worth 286.3 million USD inked at Vietnam Int’l Defence Expo 2024
17:02 | 22/12/2024 Science - Technology
Vietnam can partner with UK in developing nuclear power: Expert
12:43 | 21/12/2024 Science - Technology
Vinaphone launches fastest 5G service in Vietnam
12:38 | 21/12/2024 Science - Technology
Vietnam cooperates with Google to launch “Official Government Apps" feature
17:13 | 20/12/2024 Science - Technology
Bac Ninh: 28 additional 4-star-rated OCOP products
23:24 | 22/12/2024 Society
HCM City’s first metro line launched after years of delay
16:47 | 22/12/2024 Society
Aviation sector strengthens smuggling, commercial fraud and counterfeit goods control
09:49 | 22/12/2024 Society
How will green transformation roadmap for Ho Chi Minh City public transport be applied?
12:19 | 21/12/2024 Society
Viettel's hi-tech products meets standards for supply to Malaysia
13:19 | 21/12/2024 Vietnamese Brands
Hanoi promotes key industrial products
12:57 | 15/12/2024 Vietnamese Brands
Building a strong brand for Ha Giang’s thick-skinned orange
14:31 | 12/12/2024 Vietnamese Brands
2024 Vietnam Business Day opens shop in Japan
14:49 | 04/12/2024 Vietnamese Brands
Vietnam’s high-end fashion targets Chinese market
10:04 | 22/12/2024 Culture
Enduring tradition of Ha Nhi ethnic minority group's costumes
13:14 | 21/12/2024 Culture
Legendary band Boney M to thrill Vietnamese audiences this Christmas
14:49 | 17/12/2024 Culture
Ten prominent cultural, sports, tourism events in 2024 announced
14:39 | 17/12/2024 Culture
Two VNese destinations among cheapest places to live for digital nomads
13:10 | 21/12/2024 Tourism
Vietnam among top 3 destinations appealing to Australians
14:34 | 17/12/2024 Tourism
Ha Long Bay celebrates 30 years as a world heritage site
15:16 | 16/12/2024 Tourism
“Biet dong Sai Gon - Legendary Tunnels" tour launched
15:10 | 16/12/2024 Tourism