The Rise of Real Estate with Value and Completed Legal Frameworks
The real estate market is experiencing a noticeable slowdown since the end of 2022. Many projects have come to a halt, requiring payment extensions or additional incentives for customers. In particular, speculative properties such as land plots, condotels, and outlying shophouses have virtually no liquidity.
In contrast, segments that meet real demand, such as apartments, houses, and centrally located townhouses, continue to experience consistent price increases. According to a report by the Ministry of Construction, prices for primary apartments in condominium projects have increased by 2-4% from late 2023 to early this year, averaging at 53 million VND/m2 in Hanoi. In line with the market reality, just before the Lunar New Year of 2024, the prices of inner-city houses suddenly rose by several hundred million VND per unit, accompanied by a surge in transactions.
This disparity between segments indicates that while investment cash flow often experiences short-term cycles and is vulnerable to macroeconomic influences, a significant portion of cash flow from genuine buyers acts as a “support” to maintain the market during economic downturns.
However, this does not mean that wise real estate investors will stop investing, especially as deposit interest rates continue to decline, currently only half of what they were at their peak. The stock market’s performance is still unclear, and gold prices continue to rise.
After experiencing a “wave of enthusiasm,” investors are now more cautious when choosing projects. Mr. Nguyen Quoc Hung, an investor in Hanoi, stated: “Investing in projects with a 5-10 year vision is risky. I will only buy properties that can be lived in or rented out to generate loan repayments. Real estate may not go through another hot growth phase for short-term speculation.”
During the first three months of 2024, many projects have started to introduce products to the market, creating a more optimistic outlook. However, some projects with incomplete legal frameworks have sparked controversy.
Emphasizing Real Value and Completed Legal Frameworks
Although newly introduced to the market, Vaquarius has received high ratings from investors due to its combination of real estate value and completed legal frameworks.
The project covers an area of 7.3 hectares in the most strategic location of Van Giang, facing the District Party Committee and People’s Committee. In the future, it will become the administrative, economic, cultural, and festival center of the most dynamic satellite urban area, only 15km away from Hanoi. The project is surrounded by a dense community with a commercial tradition and various amenities such as schools, hospitals, markets, cinemas, and golf courses within a radius of less than 1km.
Vaquarius offers a diverse range of amenities and unique and flexible product designs to meet all three needs: cash flow, residential needs, and investment. At the project, customers not only obtain the most commercially promising products in the region but also an ideal living space for multi-generational families. Additionally, they own long-term assets with existing price appreciation potential as Van Giang develops into a city by 2025.
In particular, the project introduces a breakthrough in the market with shophouses that include basements. These designs not only follow the principle of “tall and spacious” houses but also provide exclusive spaces for owners, including areas for wine cellars, spas, banquet rooms, and entertainment rooms.
Currently, Vaquarius has completed technical infrastructure construction, fulfilled all legal requirements, and received confirmation from the Department of Construction of Hung Yen Province for the future establishment of 285 low-rise products in the project.
Vaquarius, located in the Van Giang New Urban Area, Van Giang District, Hung Yen Province, is a rare and safe investment destination with sustainable value and generational asset affirmation. The project is scheduled to be launched in the second quarter of 2024.
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