In recent report made by a consultant and market research firm said, the number of successful transaction in apartment segment in first quarter of 2015 in Ho Chi Minh City increased 130% over the same period time last year with more than 5.000 units offered this time (reports from Savills).

The supply is abundant while the demand improved, lots of new projects were introduced to the market, most of them have reasonable price, good locations that created attraction to the customers. But is it too early to say the market is already on its trend of recovery, the price is starting to go up in general speaking?

A sales manager from a real estate company in Ho Chi Minh City said, the matter whether the price is up or not still need careful consideration, not just depends on some noises in the market, because it just lead reasons for investors blowing the bubble price. It is not smart decision these days to do some tricks at price due to the customers now really sober.

Although the fact is that, there are some projects with nice locations, the prices per square meter are quite different between the construction phases are tens of millions, even hundreds of million VND; but it is just the surface of the problem due to the later phases could focus on utilities, improve disadvantages in construction and design from the first phase, or spare some “spaces” for secondary investors to have differences in term of income.

Galaxy 9 luxury apartment in District 4 is one of the hottest projects near Saigon Business Center

Moreover, there are also situations in which the apartment price is being increased in comparison with the time the market is still bleak; but it only happened when the projects have achieved certain progress (i.e. nearly delivery) or completed. But, you have to look really into the inside of story, the investors will offer flexible sales policy together with discount policy, gifts, pay in installs with deferred interest…with that to say, the price stand still after times of up and down.

The point is, the seller made a psychological impact, felt “gaining over losing” to the buyer. It is unlikely to happen when the market at the time of 2007 and early 2008.

That is still not mentioning about the intensive competition from the apartment market in Ho Chi Minh City, the supply is everywhere, from the inner city to the suburban, so the actions like the sudden increased price or over pricing effects only make congested output.

This is due to, the buyers have too many choices and the information nowadays is reachable so that they get easily confused or change their decisions even when the price have very little, little fluctuation.

VietApartment NEWS compiled

Literatured from Saigon Businessman

River Gate apartment shows its central location in above map.

River Gate Apartment is located at 151 Ben Van Don Avenue, District 4. River Gate is one of the most extremely good apartment in District 4. It is located in frontage of Ben Van Don Street, at the foot of Ong Lanh Bridge, parallel to Vo Van Kiet Avenue, only 200 meters to reach commercial and financial center of Ho Chi Minh City. In the near future, when the Ben Thanh –Suoi Tien subway is going to completion stage, from River Gate apartment, you can easily go to the Eastern area of Ho Chi Minh City.
– From River Gate apartment to District 1 approximately 200meters.
– Far from Ben Thanh market 500 meters.
– Far from 23/9 Park under 300 meters
– River Gate is closed to Ben Thanh-Suoi Tien metro
– From River Gate Apartment, you can easily go to District 5, District 10 and District 2 by Vo Van Kien Avenue.
– You can also quickly go to District 7, 8, Binh Chanh and Nha Be District.

Overview of riverside area where River Gate apartment on
The location of River Gate apartment project is supported to be a “gold” location for long-term investment. Customers and investor will feel convenient for both business and residence. Hardly can you find a good apartment in the same area. In terms of wind and water, by oriental concepts, River Gate apartment is owning a prosperous place next to business center.

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VietApartment NEWS

In few recent years, to adapt with the continuous development of the city and increasing popularity, many big projects in surrouding area of business center are developed and solve the demand of owning property of convenience right at the center of Saigon. One direction is on very high velocity of development is the sounth-east area- District 4 separated District 1 by some rivers. The traffic gradually built up and the only problem between District 1 and District 4, connection, is totally solved. At the present, some project you should take notice when you want to own a property near the Old Saigon Center are: The Rivergate apartment, The Galaxy 9 apartment and Icon 56 apartment. All of them is under construction, investment and developent of Novaland investor.

This post aims to inform you useful information about one excellent project right at Saigon Center, The Rivergate apartment. By some pictures in video and introduction of Novaland investor, we hope you can image, just generally, about very hot riverside project.

PROJECT INVESTORS

Novaland Group is a joint stock company whose activities specialized in the field of Investment and Real Estate Development in Vietnam. As an investor has wealthy financial background, high reputation and firmly success in the market with several famous project: River Gate Apartment in District 4; Tropic Garden Apartment in District 2; Lucky Dragon apartments in District 9; Sunrise City Apartment in District 7; Lexington An Phu in District 2; Lucky Palace apartment in District 6; The Prince Residence in Phu Nhuan District; Galaxy 9 D and Icon56 Residences in District 4

Novaland has received a lot of great prestige awards: TOP 10 investors headed Asia (BCI Asia Awards 2013), Vietnamese strong brand in 2013, Famous Brand ASIA 2013.
While the real estate market in Vietnam is still in the recovery stage, the Novaland constantly surpriseby announcement of acquisition a series of very big projects in real estate market such as Hoang Anh Gia Lai, Intresco , Savico, Dai Hung Phu … . Not only acquired many big projects, Novaland Group also prove its ability on selling villa, apartment and other properties. The latest results in ending months of 2014 is selling more than 1,000 apartments in just two months. It somehow surprise all the Vietnamese real estate market.
Mr. Phan Thanh Huy- General Director of Novaland Corporation: “Target of year 2015 is selling out 6.000 apartments, so we are continuing to open new projects “. As he mentioned, in 5 next years, Novaland focus in single house market. Besides the luxurious apartment products, they would change direction to popular apartment with price from 18-25.000.000 per square meter, sell out in big number and have small profit over quantity. As one head of Novaland, this popular segment is very attractive to both customers and investors.

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VietApartment NEWS