After the laws related to real estate came into effect, it brought positive signals to the real estate market. Although not as clear as in Hanoi and Ho Chi Minh City, the real estate market in the South has gradually warmed up by the end of the year.
Due to the slow recovery, investors are also cautious in investing. At the end of the year, many investors joined the wave of investing in apartments and rental houses because of low risk and good liquidity.
Realizing that housing is always a low-risk investment channel and wanting to circulate cash flow, Mr. Trinh Van Can (Ninh Kieu district, Can Tho city) decided to invest in apartments for rent.
The investment decision is to anticipate the settlement trend, people going to the city to find jobs at the beginning of the new year. It is known that Mr. Can is building a separate house, a row of mini houses, starting to complete and rent after Tet 2025.
"Apartment prices are quite high, so customers often choose cheap rental houses. If I invest 3 billion VND in land and wait for profit, it will take a long time because the customer is financially stable. But if I use this capital to invest in apartments and houses for rent, I will have more customers such as students and workers. Although the source of money is slow to recover, there is less risk," said Mr. Can.
Meanwhile, Ms. Phuong Ha (CEO of a cosmetics company in Can Tho) has just hunted for a plot of land with a pink book, the customer cut a loss of 10%. She plans to invest in this plot of land to build a house for rent at the beginning of the new year.
"Next year, if the land is profitable, I will sell it again. If not, I will build a house to rent. Land is usually difficult to sell because the transaction amount is large, but renting out houses or boarding houses is quite easy because there are many students and workers," said Ms. Ha.
According to the Can Tho Real Estate Association (CaREA), in the first 6 months of 2024, the apartment segment focused on development in the city increased by 5 - 6%. CaREA forecasts that in the last 6 months of the year, demand will still be concentrated in the apartment segment with real housing needs, with suitable prices remaining stable and possibly increasing by 5 - 7%.
The Vietnam Association of Realtors (VARS) forecasts that the real estate market in 2025 is expected to develop stably thanks to the legal corridor. The segments of private houses, townhouses, land plots, and villas will increase.
VARS believes that although the market will gradually recover in 2025, it will not be able to bounce back immediately and will need a few more years.
According to the third quarter 2024 report of the Vietnam Association of Realtors, in the first 9 months of 2024, the market recorded 38,797 new products offered for sale. Supply still recorded strong differentiation, 70% of new supply came from the apartment segment.
