Outstanding real estate news of the week from June 2 to June 8, 2019

Residential land in District 9 increased by VND 6-7 million / m2 compared to the beginning of the year; Investing in townhouses and villas that bring huge profits to investors in Saigon ... is the remarkable news of the real estate market last week.

Outstanding real estate news

- Residential land in District 9 increased by VND 6-7 million / m2 compared to the beginning of the year: According to online data of Batdongsan.com.vn, at the time of January 2019, the average price of residential land (legal enough) in the area District 9 from 30-33 VND / m2. However, since the end of the second quarter, the selling price has changed in the direction of increasing sharply, averaging about 36-40 million VND / m2.

The upward trend of housing prices in District 9 in addition to eating according to the infrastructure progress of a series of projects to expand roads, build urban areas and transport works has been announced recently, and still affected. from the increase in land prices of neighboring areas such as Bien Hoa, Nhon Trach and Di An.

- Auction of many gold lands in Ho Chi Minh City. Vung Tau: In 2019, there will be 29 land lots in Ba Ria - Vung Tau province being auctioned for use rights with the total value estimated to reach over VND 7,239 billion.

The report of the Department of Natural Resources and Environment said that there are currently 2 land lots of Ba Ria - Vung Tau province successfully auctioned, over 139 billion VND compared to 255 billion VND starting price.

- Earn billions of money by investing in townhouses and villas: According to a survey of Batdongsan.com.vn, the market of residential houses in Ho Chi Minh City recorded continuous growth trend from 2017 up to now. If quarter 1/2018, the price of primary villas and townhouses recorded an increase of 35% over the same period of 2017, then in quarter 1/2019, the price of townhouses / villas continued to increase nearly 30% compared to the same period of 2018 .

Particularly for the secondary market, house prices associated with land continue to increase by nearly 50-60%. Among them, the most impressive growth is built commercial townhouses. Specifically, if in 2017, the primary selling price reaches USD 2,400 / m2, the end of 2018 will increase to USD 5,300 / m2, an increase of 2.2 times compared to 2017. Notably, in the first three months of 2019 , commercial house prices continued to increase by 2-3% compared to the end of 2018.

- Long-term investment in Can Gio land "hit" boldly: At Can Gio district, there are many investors "hugging" the land for 10 years to earn interest dozens of times. However, according to the confirmation of expert Doan Quoc Duyet, who had many years of observing the real estate market in the south of Ho Chi Minh City, the interest rate of more than 10 times is only true for cases where investors have long embraced goods. in the past decade. Moreover, they have to bear a lot of pressure, including sacrificing the opportunity cost and accepting to bury capital for a long time.

Outstanding real estate projects

- Ba Ria-Vung Tau supports Ho Tram Safari resort investment plan: Announcement No. 298 on the conclusions of the Chairman of Ba Ria - Vung Tau Provincial People's Committee Nguyen Van Trinh at the meeting of the Provincial People's Committee to listen to the report. The investment planning of Safari resort area has just been announced by the Provincial People's Committee. Accordingly, basically the province supported the investment plan of the project.

- How will Hoa Binh - Moc Chau Expressway connect with Hanoi? With a total length of 85 km, it is expected that the construction time of Hoa Binh - Moc Chau highway (Son La) will be about 4 years, then connect with Hoa Lac - Hoa Binh road.

- Trillion project in Binh Duong is banned from trading: Although the compensation for site clearance has not yet been implemented and there are still many legal procedures that have not been completed yet, the investor of Central Residence Binh Duong has advertised for sale. and receive money from buyers.

- Will expand KDT coastal Cai Rong, Van Don district: Urban area (KDT) along the coast of Cai Rong town, Van Don district has been approved by Quang Ninh People's Committee for a joint venture of Seafood Trading Investment Company Limited Unified and Eurowindow Joint Stock Company carried out research on expansion planning ideas.

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(According to Enternews.vn)