In 2022, the selling price of tourist apartments in the primary market will increase by an average of 12-15% compared to 2021 due to new projects having high asking prices…
Information from the Vietnam Association of Real Estate Brokers (VARS) said that in the fourth quarter of 2022, the resort real estate segment had 18 projects for sale, bringing to the market 2,561 products, concentrated mainly in the region. Male. The main supply is inventory from the previous quarter. In a context where the market is facing many challenges, the opening for sale and putting into operation of some projects is behind schedule compared to expectations. The absorption rate is about 28%.
In addition, in the fourth quarter, transactions focused mainly on the tourist apartment segment at a project in Ba Ria – Vung Tau, accounting for 50% of total consumption. Besides, in the last 3 months of the year, the price level in the primary market did not increase. Investors continue to apply commitment policies, profit sharing, interest rate support… to stimulate market demand.
According to VARS statistics, the whole country in 2022 will receive more than 19,124 new tourism and resort real estate products. The supply mainly comes from the Central region with nearly 8,000 products, equivalent to about 42% of the total market supply.
In particular, villas and resort shophouse products are invested by reputable investors, have good overall planning and are in locations and areas with potential tourism growth, so they are very attractive to investors. “This is the key segment of the resort real estate market in 2022 with supply and consumption increasing sharply, accounting for 44% and 65% of the total supply and consumption of the country, respectively,” VARS stated. .
However, VARS leaders said that the number of transactions of tourist apartment products is not as good as expected because there are still legal bottlenecks in the context of the tourism industry not yet recovering. According to research, primary selling prices range from 17 – 167 million VND/m2. The southern region recorded the highest price range from 35 – 167 million VND/m2. For the whole year 2022, the selling price level in the primary market increased by an average of 12-15% compared to 2021.
Giving forecasts about the market outlook, this unit believes that in the coming time, the supply of tourism and resort real estate is likely to decrease. Reputable investors with strong financial potential continue to develop projects along with the recovery process of Vietnam’s resort industry, through increasing the frequency of domestic and international flights; There will be a return of visitors from traditional markets such as China and Northeast Asia.
In addition, branded real estate developed by reputable investors, operated and guaranteed the quality of famous brands, is forecast to increase both supply and demand with the number of famous brands joining. the largest future market, with the strong increase of the upper class, the interest of international customers; Resort products that have a positive impact on personal health and spirit still attract the attention of investors, shaping future trends.
Experts commented that although the Vietnamese real estate market is facing difficulties, it still receives special attention from foreign investors. Foreign investors have never said that the Vietnamese real estate market no longer exists. another chance. Because the Vietnamese market has the following factors: a young population, a rapidly growing middle class, and a high urbanization rate that create favorable conditions for socio-economic development and open up much development potential. type of real estate project. In particular, the resort real estate segment is still the destination of many investors, especially investors in the region, such as Korea, Japan, Singapore, and Hong Kong.
(Source: VnEconomy – Thanh Xuan)
