According to Lao Dong reporters, on both sides of Le Trong Tan Street in Hoai Duc District and Ha Dong District (Hanoi), there are dense rows of shophouses .
However, just walking around, you can see that most of the new shophouses here are closed. Some areas have shophouses rented for business, but the density is generally sparse.
Not only that, recently, many social networking groups are selling a series of shophouses in central districts of Hanoi such as Ha Dong, Thanh Xuan, Hoai Duc... with prices ranging from 200 - 300 million VND/m2, equivalent to 24 - 29 billion VND/unit, depending on area and location. The rental price is only 30 - 45 million VND/unit/month.
Mr. Pham Dinh Chung (real estate broker in Hanoi) said that if only rented, the profit rate of shophouse is currently very low.
According to Mr. Chung, the sluggish business or vacant shophouses are due to many different reasons, but in general, people's shopping habits have not changed much after the COVID-19 pandemic.
Ms. Trang Bui - Director of JLL Vietnam Market Department - commented that with the type of shophouse in general and the apartment podium in particular, it is necessary to meet criteria such as well-invested projects, high population density, appropriate apartment ratio and number of shophouses to have hope of being popular, and the profit rate from renting is also better.
Sharing the same view, Ms. Duong Thuy Dung - Senior Director of CBRE Vietnam - said that shophouses are only truly potential when they achieve factors such as the project being able to fill up quickly, good utility services, having a large enough internal resident community, smooth connectivity, and attracting the resident community outside the project.
CBRE Vietnam experts suggest that, to achieve profit and safety, investors should choose shophouses with a moderate value of 2-7 billion VND, so as not to have to spend too much money initially without knowing whether the return is commensurate or not. Investors should also not invest in shophouses in the short term of 1-2 years but must have a medium to long-term plan of 3-5 years or more.
Meanwhile, DKRA Group's report also clearly stated that in fact, in the second quarter of 2024, the market for townhouses and resort shophouses in Hanoi has not yet escaped the gloomy situation, with overall market demand decreasing by approximately 60% compared to the same period last year.
The market for townhouses and resort shophouses in Hanoi continues to face many difficulties in liquidity and price increase potential as investor confidence and the recovery of this segment remain low.
