ECONOMIC DEVELOPMENT COMES WITH REAL ESTATE DEVELOPMENT
In Vietnam, groups that share home-buying experiences often tell a story about a guy who sold a piece of land in his hometown to get money to go to Saigon to study. After studying, working for many years, but still can’t afford to buy a house in Saigon, looking back at the old land, the price was the same as a small house in Saigon.
HOUSE PRICE ALWAYS NEVER REDUCED
Do you remember, from the time Vietnam opened up to now, has housing prices ever dropped? Even at the time of the economic crisis in the 2010s, real estate prices did not decrease, only those who borrowed money from banks to invest in land were facing difficulties at that time.
Do not continue to deceive yourself that one day, not far away, housing prices will fall deeply! Not only in Vietnam, in almost every country in the world, housing prices have never fallen deeply.
HOUSING PROJECT PRICE GROW UP DURING THE DEVELOPMENT PROJECT
Do you know 6 strong price increases in the development process of each real estate project?
• Expected price
• Pre-sale price
• Opening price for the first phase
• Price upon completion of construction
• Price when residents receive pink book
• The price when the metro line / road widening / shopping mall appears nearby,…
When the apartment project has just opened for sale, you think you will wait until it is finished and then buy it to be sure, but when it is completed, the price has increased by a large amount. And you regret again: “If only…”.
HOUSE PRICES ONLY “BULLET” ON THE NEWS!
Mr. Tuan Hoang – owner of a building materials store in District 5 shared: “Since 2009 until now, every year the media has written that the housing bubble is about to burst, but I have not seen it burst for ten years.”
Indeed, if you wait for the bubble to burst before buying a house, how long will you wait?
It is so in Vietnam, so are Vietnam’s neighbors. Recently, Chinese media announced the news that China’s real estate bubble burst, house prices fell sharply, but did they really fall deeply?
In fact, China’s house prices fell by less than 10% in 2, 3 projects that were too bad, never finished! In densely populated areas, even house prices are still rising! Real estate prices only fall in the newspaper.
URBAN DEVELOPMENT IS NOT WAITING FOR YOU
When the population is a bit sparse, you say: “This area is so deserted!”.
When the population is more crowded but the roads are not clean, you say: “This area is too far from the center!”.
The residential area is crowded, the road is wide, you say: “This area is too expensive!”.
There is a question that customers often ask real estate agents: “Last time, the apartment wasn’t this price, was it?”.
YOU CAN FINALLY BUY A HOUSE
Hearing the price of houses in Ho Chi Minh City, billions of billions of dollars, you feel panic, you give up the idea of buying a house for yourself. But have you ever actually looked at actual house prices?
In fact, in Ho Chi Minh City, there are still apartments with prices below 2 billion VND, suitable for the life of young families. If you live frugally, take out a bank loan, and pay off in the long run, chances are you can afford to buy a house.
You should find a good broker, they will find you the right settlement options for your family’s financial situation. Please try! Don’t sit around waiting and get bored!
EVERYTHING IS INCREASED, ONLY CURRENCY DESCRIPTION
Congratulations to our customers who have signed a home sale agreement, the house you bought has just gone up in value, and the price hike is still going on as prices of everything are going up:
• Increase in cement price
• Increase in steel price
• Increase in labor cost
• Gasoline price hike
• Increase in land prices
BUYING A HOUSE IS INVESTMENT, RENTING A HOUSE IS A CONSUMPTION
My friend is almost 40 this year. He’s been renting for over 15 years and has helped several landlords pay mortgages on his own home. One day he came to visit my house and realized that none of the houses belonged to him.
He finally understood a truth: No matter how high the price of a house, it is an asset, and no matter how low the rent is, it is a consumption.
BUYING A HOUSE IS LIKE CHOOSE TO SIT IN THE MOVIE
Buying a house is like choosing a seat when buying a ticket at a movie theater, the fare for all locations is the same, you hesitate to choose the best seat, then someone else has already paid.
Also, you are hesitant to buy a house that is both cheap, close, and beautiful, but the right house has already been bought by someone else!
ARE THE VISION OF REAL ESTATE INVESTORS BETTER THAN YOU?
Not to mention the snatched real estate investors, do you doubt the vision of reputable investors?
Why are there areas where the population is not yet crowded, but a series of large investors have flocked to build apartments and townhouses?
For example, District 2, now and 10 years ago are two completely different pictures. While you are complaining “this area is too far”, the big developers have started construction.