Wednesday 11 January 2012

Real Estate Market in Nha Trang: high prices and still ... quietly rising

Chairman of the Real Estate Brokerage Nha Trang Vietnam Hoang Lam said: "Until now, the property market Nha Trang is not" hot "and not" freeze ", but ... not cheap.Quietly ... price increasesAs soon as the "golden path" Tran Phu been extended by two north - south to NhaTrang Bay embrace the present, many enterprises have registered investment projects "land for public works" to explore the mountain land titles , over the sea. Map adjustment of Nha Trang immediate formation of high-end villas as An Vien (53ha), Anh Nguyen (11.7 ha), sugar - Yonghe (9.6 ha) ...


Geo-economic perspective, the business property unstintingly praised the hillside "3 on the sea" on the road to (wards Yonghe), mountain bit (Vinh Nguyen Ward) as the "Mediterranean" by VN . Many have "fast hands" for purchasing the entire area where local people are the government allows reclamation, afforestation on the hillsides along the coast. This time, the coastal hills, there are many buyers away, sell dozens of times, the price index which is quietly ... increased 5-6 times after cultivation of land use conversion to residential land prices have increased several hundred times more than 2-3 years ago.Follow the road to landowners in clusters: Early in 2011, when the property market began to quiet the country, it's time Incomex Company reached an agreement Saigon clearance the best location at the foot of the temple told capital is owned by dozens of overseas Vietnamese or some of the Khanh Hoa officials. Earlier in 2010, land prices in line to field about 3 billion / ha, but the current price "agreement" up to 18 billion VND / ha and Incomex Saigon is selling project land from 8 to 12 million / m2.Chairman of the Real Estate Brokerage Hoang Khanh Hoa Lam said: "Among the coastal project has been started, the An Vien villas have" class "of all. Located close edge of the sea end of Tran Phu, An Vien is the investment in building infrastructure and a fairly complete management service, very good protection. From early 2011 until now, land prices in the beautiful location of An Vien is "hold" about 21 to 22 million m2, mainly ground floor of the former investors sell. "


Abundant land FundsPlanning of urban areas Nha Trang Vietnam extended west, southwest and north has created abundant land fund in the project with about 30 residential building permits have been issued. In theory, the supply of lots, but in fact only a few projects actually start and have formed. Of the three main product property (land, villas / houses and apartments adjacent) land product shall prevail over all.According to a survey by Savills, overall, the housing market of Nha Trang in recent months has not changed much supply. The only residential project in Vinh Hoa Center for Development of housing land successfully sold 100% of the area. The Vinh Diem KDT (36ha), the investor is a Joint Investment and Trade Vinaconex ensure completion according to schedule and sold land, condominiums private funds are still relatively abundant. KDT Phuoc Long (50 ha) of the HUD are leveling, KDT America Gia (181ha) of Vinacapital under construction and infrastructure have been completed the form. Ground segment luxury villas have the highest prices in the primary housing market in Nha Trang with the prevalence of about 18 million m2, while the primary value of the apartment and villa / house adjacent times 12 million m2, respectively, townhouses road approximately 80 to 10 million m2.All apartments are concentrated in the central area Nha Trang, representing more than 50% of the total number of apartments on the market, but also some apartment completed in late 2011 as the River Ocean Beach apartment Da Nha Trang, Nha Trang Vietnam Center Hoan Cau Co., Ltd..In this context, the property market faced many difficulties, including raising capital is the most difficult. NH State Director, Branch of Khanh Hoa said: "The last months in 2011, the commercial bank branches in the area continue to limit real estate lending business." That's why investors find ways to "sell non wheat" to raise capital. Time in Nha Trang is a real demand in the construction segment complete, townhouses and apartments for low-income people, however the gender analysis of real estate brokers, the situation is quite lax management and changes in market the risk of non-transparency is available to buyers of real estate ... remote!

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