Positive sign of high-end real estate market in Ho Chi Minh city

Despite the hesitation of customers regarding of the "slow down" of the real estate market, many enterprises shared that the situation is still positive and the profit is mainly focused on high-end projects.

Positive sign

It is reported for the real estate transactions have been slow down from 10% to 30%, the reason is supposed that investors and customers have started to be cautious with the forecast about the 10 - -year economic crisis may happen. The story of the years 2009, 1979, 1999 is really a big concern for many countries.

However, looking at macroeconomic stability, GDP in the first 6 months of 2018 is estimated to increase by 7.08% over the same period last year and it has been the highest record in eight years. The liquidity of the banking system is good, the interest rate basis remains stable and the interest rate increases sharply in the most banks’ income statement.

According to Mr. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association- HoRea, the 10-year cycle is an indication for reference not a real sign and real estate bubble will not happen. A Director of a reputable real estate company in Ho Chi Minh city also commented that in fact, among more than USD 20 billion FDI invested in Vietnam for the first 6 months, investment for real estate is ranked the second with USD 5.54 billion. M & A activity and high-end real estate segment are really promising because real estate prices in Vietnam are much cheaper than other countries in the same region.

Investment in high-end Apartment.

According to a report about the second quarter of 2018 published by Savills Vietnam, the housing market in Ho Chi Minh city still has been well received the attention from the majority. In particular, the resurgence of high-end segment is supported by many accumulated advantages such as high population, favorable policies suitable for multi–level customers. Foreigners for investment purposes have also been growing strongly in the segment of high-end apartments in beautiful locations of the city.

While, investors focused mainly on the occupation of the apartment, thereby increasing rental rates, those projects range from VND 40-80 million/ m2 with suitable payment method, are recorded at good transaction rate.

Charmington Iris includes 2 blocks: Iris Luxury and Aqua Luxury, 35 floors with convenient location that it takes only 5 minutes to District 1

Especially in District 4, Ho Chi Minh city, the recently introduced Charmington Iris luxury apartment project has been "absorbed" amazingly, when 100% basket was booked at first release with price only from VND 2.9 billion for a two- bedroom apartment.

Charmington Iris owns a beautiful location in an area where land fund is very limited. This location is the core area of the city, adjacent to District 1, hence the value added is very big. In addition to good location, prestige of developer is also one of the main factors for customer to put their trust in when choosing Charmington Iris. TTC Land is a co-developer of the project and has been successful with a number of big-scale projects like the chain of Carillon 1 to 7, Charmington La Pointe, Jamona Golden Silk, Jamona Home Resrot, Jamona City and Jamona Heights, etc.

It is planned in August 2018 that TTC Land will introduce the most beautiful block of Charmington Iris - Iris Luxury. On this occasion, TTC Land will also have many special offers for customers, including: lucky draw program "Buy a luxury house - Win a beautiful house" with the award is a Charmington Iris apartment value of VND 2.8 billion. There are also many attractive offers such as: discount up to 3% on each product, preferential rate from 0.75% to 1.5% for customers who registered from 3 apartments or more, 150 DHA healthcare packages with value of VND 200 million/ package, a diamond with value of VND 120 million; a Samsung TV with value of VND 65 million; one 9999 gold medal and travel voucher with value VND 4 million, cash voucher up to VND 13 million.

For more information, please contact:

Hotline: 0903 69 69 77

Project Address: 76 Tin That Thuyet Street, Ward 16, District 4, Ho Chi Minh city.

Website: https://www.charmingtoniris.com.vn