hoalegd@gmail.com 
Green House Agency, 027 Street O, My Giang 2, Phu My Hung, Dist 7, HCM 
Real estate hot
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New project
Video
news
Luxury Apartments Will Continue To Increase In The Year 2020
According to the real estate experts said that the price of housing in Saigon is constantly escalating in recent years. This has made many people forced to move to the neighbor area, even neighboring provinces, nearby Ho Chi Minh City to find settlement.
According to statistics from multiple sources, from in 2017 to early fourth quarter of in 2019 luxury apartment in Ho Chi Minh City increased to 40% and forecasts will continue to increase in 2020. The cause of the main price increase is the land area in city center is less gradually, the entrance cost for the land price has a unique location is increasing. In addition, the number of luxury apartments in no more, this scarcity and the process of building quality products, the expensive imported materials have pushed the price of luxury apartments to increase in the last 3 years.
In the last 3 years, apartment prices of all segments are steadily increasing, average and intermediate are an increase from 5 to 7% per year while high-class and luxury apartments increase from 10 to 13% per year.
The segment of average and intermediate apartment is purchased by customers for mainly staying. Meanwhile, high-end and luxury apartments are purchased for investment. Luxury and high-end apartments have a high rate of increase and faster than 2 remaining segments, because the cost of input land for the central area is at a very high level after many years of continuous hot property market.
The segment of luxury apartment has increased price at large amplitudes for recent years, especially apartment in District 1 appear nearly 300 million dongs per square meter, because of being unique position.
The market for luxury apartments in Ho Chi Minh City appeared in the sale price of fainting, partly due to the city government limited licensing of projects in District 1 and District 3 in the period 2018-2020. This caused scarcity situation goods in the city center of Saigon.
This situation has caused the market to be badly affected as it continues to establish new price in the existing central core (District 1, Distric 3) and the new Center (Thu Thiem). Moreover, the status of the price also has an impact on the neighboring districts or adjacent to the central area, even to the coast of Saigon.
