Savills Vietnam has just announced the “million-dollar property market – the potential for return” report. According to this report, after a period of development of steady sedimentation, the high-class real estate market and ultra-high-level in HCMC have made signs back to vibrant positive.
According to reports reported by this company last quarter II, the apartment group has an average price of over 40 million per m2 having the best consumption on the market. In particular, the products of this segment had an absorption rate of 61% in the first quarter, a 16% increase from the previous quarter and a 31% increase over the same period of the previous year.
Mr. Nguyen Khanh Duy – Sales Manager at Savills HO Chi Minh City, sees the vibrant return of high-level and ultra-high-level segments coming from as many factors as the accumulation of rising people. Limited supply and suitable policies for many buyers, especially with foreigners who have a positive impact. Alien objects for the purpose of investing are growing sharply at high-end apartment segments, located in prime locations in the city.
“This also somewhat makes the situation of demand at the senior segment a more viable performance,” Mr. Duy identified.
Typically in District 4, HCMC, the luxury apartment project Charmington Iris has been rapidly absorbed, when 100% of the basket has been home. The apartment rate is 2.9 billion VND for 2 bedroom units.
According to TTC Land – Project Development Unit, high absorption rate comes from many factors. The first is the location when Charmington Iris is located at the center of District 4, adjacent to District 1 and easily connected to District 2 through Thu Thiem tunnel.
The project offers up to 30 internal facilities that are self-contained from healthcare, education, shopping to relaxation. The utility system is arranged scientifically in every project space to each apartment.
The living space is covered with fresh climate thanks to the adjoining Khanh Hoi Park 17, 6ha and 4,000 m2 of internal park. The project is surrounded by 3 bars of cool rivers from Saigon River, boring channel and Ben Nghe.
The TTC Land itself is also a reputable project development unit in the market, when it has been successful with many large projects such as the Carillon project chain from 1-7, Charmington La Pointe, Jamona Golden Silk, Jamona Home Resrot, Jamona City, Jamona Heights…
“We look forward to bringing the living apartments of any resident when choosing Charmington Iris,” said TTC Land representative.
With the level of interest of buyers as currently, the company’s co-development of TTC Land believes that the next stage absorption of the project is also possible. The next Block – Iris Luxury – is expected to debut in January 8.
The tower owns the most beautiful location of the project with three river views, Bitexco and Thu Thiem view. Iris Luxury consists of 719 apartments, with a flexible area of 49-95m2 with all apartments with 1-2 open-sided.
According to the HCMC Real Estate Association (HoREA), the city’s commercial housing market in the New Year 2017 has 92 project formation in the future qualifying for mobilizing capital, with a total of 42,991 homes. Meanwhile, up to 470,000 households out of the 2 million households of the city are in need of housing, not to mention immigrants.