House with billions in profit, owner still doesn't dare to sell

VÂN HI |

Can Tho - Even though the house price is fixed with a profit of billions, the owner still does not dare to sell for fear of not being able to buy a new house.

Although she wanted to move closer to her company to make it easier to commute to work, Ms. Nguyen Minh Anh (an employee of a cosmetics company in Can Tho City) quickly stopped selling and returned the deposit because she did not have enough money to buy a new house.

It is known that the 1-ground-floor, 1-story house with an area of ​​50 square meters was previously bought by Ms. Anh for 1.6 billion VND. Because she wanted to know how much profit the house was worth, she brought customers to see it and they quoted 2.5 billion VND, if the red book was complete, it would be 2.6 billion VND.

"Seeing the big profit, I received a deposit of 200 million VND and signed a 3-month contract to move house and find a new house with the customer. However, when I found a new house, I was shocked because most of them were priced at 2.4-3 billion VND but they were old apartments. Afraid that I wouldn't have enough money to buy a new house, I had to ask the customer to return the deposit and pay the contract," said Ms. Anh.

Gia nha dat tang khien . Anh: Kieu Phung.
Housing prices increase due to scarce supply. Photo: Kieu Phung.

Ms. Nguyen Thi Mong Kieu (Long My district, Hau Giang province) said: "I am looking to buy an apartment to both live in and open a photography studio, but the price is quite high, few apartments are under 2 billion VND. The price ranges from 30-48 million VND/m2, while at the end of 2023 it will only range from 25-30 million VND/m2".

According to the reporter's investigation, the price of houses and apartments in alleys around the central area of ​​Can Tho City has been continuously pushed up, currently at 35-50 million VND/m2, even exceeding 55 million VND/m2.

For example, a house in an alley on Nguyen Van Cu Street (Ninh Kieu District) is priced at 2.6 billion VND, 42 square meters. Or another house in an alley on Cach Mang Thang Tam Street (Binh Thuy District) is for sale at 1.6 billion VND, 30 square meters.

Mr. Tran Minh Hau - a real estate brokerage office owner in Ninh Kieu district, Can Tho city - said: The real housing demand of people in the city accounts for a fairly high proportion, as evidenced by the fact that since the beginning of the year, customers with housing and apartment brokerage needs account for 70% of investment needs.

To ensure that real estate business takes place transparently and publicly, the People's Committee of Can Tho City has issued a document on strengthening the management and control of real estate price fluctuations in the city.

TP Can Tho se to chuc kiem tra, co bien phap chan chinh viec dau co, thoi gia trong kinh doanh BDS. Anh: Yen Phuong.
Can Tho will organize inspections and rectify speculation and price inflation in real estate business that disrupt the market. Photo: Yen Phuong.

Accordingly, Chairman of Can Tho City People's Committee Tran Viet Truong requested relevant units to organize inspections, take measures to rectify speculation, price inflation, and price fixing, strictly handle violations of the law on real estate business; organize auctions of land use rights in the city in accordance with legal regulations, ensuring publicity and transparency.

In addition, monitor, grasp the situation, clarify the causes of price fluctuations of real estate types; monitor and control the buying and selling, handover many times, especially in project areas, apartments with unusual price increases...

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