Once a symbol of wealth, this real estate segment is now deeply discounted

Once a symbol of wealth, this real estate segment is now deeply discounted
Once a symbol of wealth, this real estate segment is now deeply discounted

It is noted that most of these products are offered by homeowners to handle year-end work. Among them, there are some products that have been for sale for a long time but currently have no buyers. According to brokers, it is not because of “sluggishness” but because the price has not yet been reached that the homeowner has not yet sold. Some buyers “pay” low prices, making the homeowner uncomfortable and continue to look for the right person who is willing to buy.

“Check out” a number of townhouses/villas in areas of Ho Chi Minh City that are for sale at lower prices than in early 2022. The reduction ranges from 700 million to 3 billion VND/unit.

Specifically, a villa with an area of ​​263m2 in Hoc Mon district is being offered for sale at 9.9 billion VND/unit, this has decreased by 1.6 billion VND compared to the asking price in early 2023 (old price: 11.5 billion VND). /canal).

The townhouse fronting Cao Dat Street, District 5 has a ground floor and two floors structure. The owner is currently offering it for sale at 19.5 billion VND/unit, a decrease of 1.5 billion VND compared to the previous listing price. Currently, the house does not have a rental contract.

Recently, the house at Street 18, Binh Hung Hoa Ward, Binh Tan District, Ho Chi Minh City (operating a karaoke bar) decreased by 3 billion VND, hoping to sell quickly by the end of this year. The house has an area of ​​105m2, 1 ground floor and 2 floors with terrace, currently has a rental contract of 70 million VND/month. The homeowner decided to collect 22 billion VND (old price 25 billion VND) hoping to sell quickly.

Similarly, a separate townhouse in Ward 13, Tan Binh District, with an area of ​​38m2, the divorced homeowner should sell to divide assets. This house has a 3-storey structure and is currently for sale for 8 billion VND, about 1 billion less than the neighboring houses.

In the same area, a house facing Nguyen Phuc Chu street, ward 15, Tan Binh district is selling a house with an area of ​​75m2 (1 ground floor, 3 floors, 1 terrace and elevator) for 14.8 billion VND, price This is about 700 million VND lower than neighboring apartments.

The “neighbors” of Tan Binh district, Tan Phu district, district 12 also have many individual houses for sale at the end of the year. For example, a corner house with a small frontage on Nguyen Lo Trach, Tan Phu with an area of ​​153m2 is currently being offered for sale by the owner at a pretty good price of 11.2 billion VND/house, the previous price was 12.5 billion VND/house. .

Or, at the front of Phan Huy Ich Street, District 12, a broker is selling a 128m2 house for 13.5 billion VND, this price is more than 1 billion VND lower than the regional market. Currently, the homeowner is renting it to an acquaintance for 25 million VND/month.

In the central areas of District 1, District 3, District 10, at this time there are also some street-front houses for sale at a discount. There are apartments reduced by up to 3 billion VND. Specifically, the mini villa in Ward 12, District 10 with an area of ​​157m2 is currently selling quickly for 36 billion VND. This price is 3.2 billion VND lower than the neighboring apartments.

In H She has an internal dead end at Le Thi Rieng Street, District 1, a private house with an area of ​​72m2 is currently being offered for sale at 16.5 billion VND/unit; market price is 18 billion .

In addition to private house products, land plots, luxury apartments, hotels… are also being offered for sale quite a lot on the secondary market. These are all products that investors who are short on cash flow should sell at the end of the year. Besides the central districts, the suburban areas such as District 12, Binh Tan, Go Vap, Hoc Mon, Cu Chi… source of products for sale at this time are quite numerous.

According to brokers, there is currently a lot of secondary supply for resale but demand is still weak. Compared to the early period of 2023, the current selling price is better. However, the market did not see a sell-off or “sell at all costs”. Even though the homeowner wants to sell the product, the price must be as expected, not at the price paid by the buyer. Anyway, with a reduction of billions of dong per apartment, it is also a pretty good reduction that the landlord offers at this time.

The article is in Vietnamese

Tags: symbol wealth real estate segment deeply discounted


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