Many experts and businesses in the industry are optimistic about the stability of the real estate market in 2021, if Covid-19 vaccine is present in Vietnam in 2021, it will further confirm the belief about a good recovery. of the real estate market.

Forecasting the real estate market by the end of 2020, Mr. Tran Khanh Quang, a real estate expert, said that the land plots will continue to trade slowly at the end of 2020, the price will not decrease but may increase by 5%. In the future, the further away from the center, the more valuable the area is because the central land is already too high.

Commenting on investor sentiment, Mr. Quang said that from now until the end of the year, investors will continue to restructure and sell real estate to keep cash because they cannot expect to enter the market in 2021. With Investors, products need to have good liquidity in order to survive.

At the same time, developers are introducing a variety of financial policies, stimulating and attracting new investors, making them excited. New projects focus on competitive strategies to attract customers with stable incomes and want to invest in a second property. This is also the trend of the market in 2021.

Looking at real estate in 2020, Mr. Quang thinks that there will be many changes due to the impact of the epidemic. However, prices are still “anchored” in most segments. In 2021, the Covid-19 translation has not been completed, but the real estate market will be stable again, in which stable tourism will push the resort real estate to recover in 2021.

Expert optimize about the real estate market in 2021. Photo: Ha Vy

According to Mr. Quang, bank lending rates are still low, so Vietnam is an investment destination, the government also encourages an increase in the supply of low-income housing, completely resolves the legal project remains, so the mechanism has starting to open up for real estate. It is forecasted that the real estate market will continue to grow in 2021.

According to Ho Chi Minh City Real Estate Association (HoREA), it is forecasted that from now until Lunar New Year, Tan Suu (also the golden time) and for the whole year 2021, the national real estate market and Ho Chi Minh City will continue to recover and The growth is back, due to the positive effects from the effective control of the Covid epidemic by the whole country and a number of new policy mechanisms in place.

Specifically, the Law on Investment 2020, the Construction Law (amended) 2020, the Law on Investment under the Public-Private Partnership (PPP) mode, incorporating amendments to a number of articles of the Housing Law, the Law on Real Estate Business, Law on Environmental Protection, effective from 01/01/2021; (ii) At the same time the Government is considering amending a number of decree, especially the “Draft Decree amending decrees on the implementation of the Land Law”, will remove many problems regarding mechanisms and policies; (But, it is necessary to have the drastic involvement of the local authorities in law enforcement, removing the congestion for real estate market forecasts to the Tan Suu Lunar New Year and 2021 “first project. commercial housing project, in order to realize the “dual goals” set out by the Government, both effectively control the CoViD-19 pandemic while developing the economy firmly.

In addition, the process of urban development and urbanization will provide more resources for the socio-economic development and the real estate market of Ho Chi Minh City to recover and grow faster and more sustainably, both in the middle of the country. long term, with new accelerating forces. That is:

The project to establish Thu Duc city in Ho Chi Minh City is a creative and highly interactive city, class 1 city, with an economic scale equal to about 7-8% of the national GDP, accounting for 1/3 of the GRDP. of the city, go hand in hand with the goal of building Ho Chi Minh City into a smart city.

Project to convert 4 out of 5 districts into districts in the next 10 years. In addition, it is entirely possible that Can Gio district will become a “coastal city, ecological city and environmental city” in the future.

The government has decided for Ho Chi Minh City to convert 26,000 hectares of agricultural land into industrial, commercial, service, urban, housing land for the 2016-2020 period, which in fact has proven 1 hectare of industrial land. Trade, services, and urban areas generate more than 100 times the value of one hectare of agricultural land.

These premises, according to HoREA, will be the driving force for the real estate market in the near future.

Before that, Mr. Nguyen Khanh Duy, Director of Housing Business Division of Savills Vietnam, had an optimistic view of commercial housing real estate even in the epidemic context.

According to Mr. Duy, this difficult time, from a different perspective, is a very good opportunity for businesses or individuals with good financial capacity, with a lot of experience in real estate investment, not only inside and outside. country. With practical policies and guidelines to cover the red carpet for businesses of the Government of Vietnam, this can be considered as a golden time for mergers and acquisitions for real estate projects in Ho Chi Minh City. in particular, and the country in general.

In addition, the City People’s Committee’s efforts to deploy the Metro railway line, along with the thorough completion of the construction of infrastructure in satellite districts such as District 9 and Nha Be, will be a hit. powerful for the expansion and connection of new urban areas, to relieve the central areas.

“The temporary restriction in business activities can be considered a good time for real business owners to restructure and change their investment strategies, towards real estate segments with great potential such as Industrial real estate or resort, and complete the procedures related to land, licensing to anticipate the next real estate development cycle in the next 1.2 years “, Mr. Duy said.

Commenting on legal procedures and policies, Mr. Duy also said that the State should consider and broaden more policies and procedures for buying and selling real estate for foreign customers. These include increasing the quota rate of the number of apartments sold to foreigners, simplifying administrative procedures – allowing signing e-purchase contracts, simplifying payment for real estate purchases, for allow to pay taxes and fees online, transparently and provide quick guidance on the issuance of certificates of ownership of houses and land-attached assets – red book, pink book.

Source: cafef.vn