In context real estate market is difficult, many market research units assess that the apartment segment is least affected by negative impacts because this type serves the needs Real demand for housing. However, the imbalance and scarcity of supply cause apartment prices to be high.
Information on the real estate market in the third quarter of the past year, the Ministry of Construction said that in Hanoi, the average selling price The average number of newly opened apartments for sale on the primary market increased nearly 7% quarter-on-quarter, increased 14% year-on-year and reached about 508 million VND/m2.
According to the Ministry of Construction, this price increase is due to the amount of supply. New products in the high-end segment account for an overwhelming proportion (over 90%). Along with that, some investors have increased prices and opened additional sales on higher floors.
In Ho Chi Minh City, in the third quarter, the primary selling price of the Ho Chi Minh City apartment market in the third quarter reached more than 60 million VND/m2. On the secondary market, the average price of apartments reached 45 million VND/m2, an increase of 3% compared to the previous quarter.
In the face of developments in the apartment market, the apartment market has continuously peaked in many areas in Hanoi. Many investors also question whether they will continue to invest in this real estate segment?
Answer the question above, financial expert Associate Professor. Dr. Dinh Trong Thinh – lecturer at the Academy of Finance – said that unlike ground-level houses with very high rental prices, apartments for rent are suitable for the majority of people with a good income because of their moderate price.</ p>
When investing in apartments, it is very easy to sublease and rent at high prices,” Mr. Thinh commented on the biggest advantage of apartment real estate products. .
In addition, the comfortable living space of apartments will almost always be better than that of townhouses. If there is no business need, renters will prioritize renting cheap mini apartments.
Living at project high-rise apartment buildings residents will receive Enjoying the amenities of good infrastructure. Therefore, it is understandable that investment profits in apartments increase more than other types,” experts emphasized.
From an investor’s perspective Tuong Nguyen Van Thuc, director of a real estate brokerage office in Hanoi, said that the profit of investing in apartments depends on the time of investment.
According to Mr. Thuc, in a normal market state, Buying an apartment before handover is when it brings a lot of profit to investors. And after the project is topped off or immediately upon receiving handover, the buyer can transfer and make a profit ranging from 25-50% of the value of the amount paid to the investor.
If determined Investing for 3 years or more, investors can expect the apartment to achieve a price increase of 10% a year. However, the price increase of the apartment will gradually decrease the longer the investor holds it for a long time due to the deterioration of the building. However, the point that compensates for the profit is that the apartment after being handed over also generates cash flow with a rental efficiency of about 5% per year.
Although there are many factors that bring profit But with apartments, this expert believes that investors buying apartments in future apartment projects also have risks. That is what they have to face when the investor does not complete the project on schedule, leading to the buyer having their capital buried in the project for a long period of time.
If the investor buys back the apartment In the secondary market of handed over apartment projects, it is difficult to achieve the expected profit because currently the price of apartments on the market is quite high while there are almost no new projects” Mr. Thuc shared.< /p>”
