The real estate market in the south is showing signs of recovery ashigh prestige projects get off the ground, according to independentmarket watchdogs.
Investors are now ready to pour money intoprojects that offer reasonable prices and are located in favourablesites in Ho Chi Minh City and neighbouring provinces.
Latelast week, the Dong A Dat Xanh Company, for example, launched sales of41 apartments at its Gia Phu Khang project in Thu Duc district, whichsold out within one hour.
Similarly, the Nam Long InvestmentJoint Stock Company last week also began selling 161 apartments at itsEhome 3 Tay Sai Gon project in Tan Binh district, with each selling for710 million VND (33,800 USD).
In the morning that the company launched sales, it received deposits for 32 apartments.
The Gia Tan Huong property project in Tan Phu district sold 80 percentof the total 100 apartments put on sale within the first two weeks.
Sales of land plots at the Nhan Phu project of Phong Phu Company have seen all 51 products ordered.
Projects in neighbouring provinces have also been selling well.
In Binh Duong province, Mecamex IJC and Tac Dat Tac Vang companiestogether recently launched the sale of street houses in the Prince TownProject. All 50 houses were ordered immediately.
The Kim Oanh Real Estate Company has also sold nearly 1,000 land plots in Binh Duong province.
Market analysts said projects that are selling well have shown good construction progress, with many finished products.
These projects have also attracted investors with high prestige.
On the other hand, many other developers of property projects havetried to sell their products by offering attractive promotions, but mostof them remained unsold.
Hoang Anh Tuan, general director ofTac Dat Tac Vang Company, said the property market is recovering butstill has problems.
Many investors have lowered prices and eventaken losses, but customers are reluctant to buy because they lackedconfidence in them, Tuan said.-VNA
Investors are now ready to pour money intoprojects that offer reasonable prices and are located in favourablesites in Ho Chi Minh City and neighbouring provinces.
Latelast week, the Dong A Dat Xanh Company, for example, launched sales of41 apartments at its Gia Phu Khang project in Thu Duc district, whichsold out within one hour.
Similarly, the Nam Long InvestmentJoint Stock Company last week also began selling 161 apartments at itsEhome 3 Tay Sai Gon project in Tan Binh district, with each selling for710 million VND (33,800 USD).
In the morning that the company launched sales, it received deposits for 32 apartments.
The Gia Tan Huong property project in Tan Phu district sold 80 percentof the total 100 apartments put on sale within the first two weeks.
Sales of land plots at the Nhan Phu project of Phong Phu Company have seen all 51 products ordered.
Projects in neighbouring provinces have also been selling well.
In Binh Duong province, Mecamex IJC and Tac Dat Tac Vang companiestogether recently launched the sale of street houses in the Prince TownProject. All 50 houses were ordered immediately.
The Kim Oanh Real Estate Company has also sold nearly 1,000 land plots in Binh Duong province.
Market analysts said projects that are selling well have shown good construction progress, with many finished products.
These projects have also attracted investors with high prestige.
On the other hand, many other developers of property projects havetried to sell their products by offering attractive promotions, but mostof them remained unsold.
Hoang Anh Tuan, general director ofTac Dat Tac Vang Company, said the property market is recovering butstill has problems.
Many investors have lowered prices and eventaken losses, but customers are reluctant to buy because they lackedconfidence in them, Tuan said.-VNA
