What job can you do to buy a 3 billion VND apartment in Hanoi and Ho Chi Minh City the fastest?

Apartments worth 2-4 billion VND are sought after

Imbalance of products on real estate market has been recognized by many units Expert research mentioned in recent years.

In the 2023 market report, the Vietnam Real Estate Brokerage Association emphasized that affordable commercial housing products are increasingly lacking The proportion of apartment supply in the affordable segment out of the total apartment supply decreased rapidly from 30% in 2019 to only 6% in 2023.

In Hanoi, Ho Chi Minh City, the mid-end apartment segment is also gradually decreasing. scarce. Apartments priced at 40 million VND/m2 are almost only available in neighboring provinces such as Binh Duong, Dong Nai, Bac Giang, Bac Ninh.

Not long ago, reported by Ho Chi Minh City Real Estate Association (HoREA) also said that the affordable apartment segment (price below 25 million VND/m2) has completely disappeared from the Ho Chi Minh City market over the past 3 years.

Mid-end segment (price 25-40 million VND) /m2) also only accounts for around 30%. The high-end segment (price over 40 million VND/m2) is always around 70% and especially accounts for 782% in 2022.

In the information report on housing and real estate market Property in the fourth quarter of 2023 and the whole year of 2023 has just been announced. The Ministry of Construction said that in the fourth quarter of 2023, apartment prices will continue to increase in price in Ho Chi Minh City and Hanoi, especially in the central area.

There is almost no project the affordable apartment segment (price below 25 million VND/m2) but mainly the mid-range segment (price 25-50 million VND) is eligible raise capital and transact.

What is the fastest way to buy a 3 billion VND apartment in Hanoi, Ho Chi Minh City? - 1

Survey shows that many people are willing to spend 3 billion VND to buy an apartment.

Specifically in Hanoi in the fourth quarter of 2023total The report shows that some projects have an average price increase in the following areas: Thanh Xuan district increased by about 30.05, Ha Dong district increased by about 37%; Hoang Mai district increased by 38%. %; Nam Tu Liem increased by about 41%.

A recent research unit’s market report for the third quarter of 2023 shows that apartments are the type of real estate least affected by the pandemic. negative impacts of the market because this type serves real housing needs.

Accordingly, the level of interest in apartments has shown signs of recovery, the demand for apartments increased by 1% and the search for rent increased. 6% compared to the previous quarter.

Apartments priced from 2 to 4 billion VND are the most searched for. Dan Tri‘s recent survey showed that 56% were searched. Among the total comments, they said they were willing to spend 3 billion VND to buy an apartment.

What job can you do to quickly buy a 3 billion VND apartment? 

Professor Dang Hung Vo’s statistics at the end of 2022 show that house prices and average income, the average Vietnamese person has to work 100-120 years to buy a house in the city.

The question is, if you live and work in big cities like Hanoi, Ho Chi Minh City, how long will it take to buy an apartment with affordable prices? The current popular level is 3 billion VND?

This depends on the income of each individual in the field they are working in.

According to data from FPT University Can Tho currently has 10 occupations with income up to 8-9 figures per month including programmer, human resources manager, restaurant – hotel – tourism manager, flight attendant, pilot, bank manager, surgeon, real estate business, media – marketing director. CEO.

Specifically, personnel working as programmers have income ranging from 10 to 60 million VND/month depending on position. Surgeons have an income of 35 to 100 million VND/month. The highest in this group is the CEO profession. This position has an income ranging from 80 to 300 million VND per month.

What job can you buy an apartment 3 billion VND in Hanoi, Ho Chi Minh City the fastest? - 2

The CEO profession has the fastest income to buy a house of 3 billion VND (Statistics: Moc An).

Do The range of income fluctuations between occupations is relatively large, so we will use the median measure. In terms of statistical significance, the median is the middle number in a list of numbers arranged in ascending or descending order can describe more about the data set than the average value.

Thus, the average income of the programmer profession is 35 million VND/month according to the median measure of the profession Bank managers have an average income of about 42 million VND/month. Pilots have an average income of 975 million VND/month. CEOs have the highest average income of 190 million VND/month.

Assume people working in these occupations spend 100% of their income to buy a house, it will take them from 16 to 150 months to own a 3 billion VND apartment.

Fastest in this group CEOs only need 1 year and 4 months of income to buy a 3 billion VND apartment, followed by pilots who only take 2 years and 7 months to buy a house. Ranked 3rd is the surgeon profession with 3 years and 8 months of income. A human resources management job only takes more than 4 years to buy a house.

A banking management job takes 6 years to buy a 3 billion VND apartment. It takes people who work as programmers 7 years and 2 months to buy a house. In this group, it took the flight attendant the longest time, up to 125 years, to buy an apartment worth about 3 billion VND.