Multiple psychological support conditions
Since the beginning of the year, the State Bank of Vietnam has issued directives to credit institutions to focus on enhancing credit growth solutions, streamlining and simplifying lending procedures to increase customer access to capital. During the press conference to deploy the tasks of the banking sector in 2024, the State Bank shared that interest rates are currently at the lowest level in the past 20 years. At the same time, in 2024, there was no mention of the issue of increasing the operating interest rate.
Borrowing to buy a house is a way for young people to own a permanent residence
Stabilizing interest rates at a low level is the foundation for businesses to develop their business with peace of mind, stimulate the flow for the economy, thereby contributing to stable jobs and income for the people.
Why is owning a house always the top concern of every person? Because only when “settled can we find a job” and moreover with the developments of the real estate market in big cities like Ho Chi Minh City, the opportunity to own a house is increasingly restricted when supply is scarce and prices are high.
As forecasted by Savills Vietnam, in 2024, in Ho Chi Minh City, the new supply of grade B apartments will account for 44% of the market share, grade A will account for 37%, and grade C apartments will only account for 19% of the market share. Such a supply rate shows that the opportunity to own a home in Ho Chi Minh City is not much.
From a perspective and observation, experts assess that in the context of increasingly narrow land reserves and the policy of restricting the development of projects in inner districts, the new supply of apartments in Ho Chi Minh City tends to form in farther areas, according to the city’s infrastructure-based planning directions.
This project location map is creating favorable conditions for bordering areas of Ho Chi Minh City, supporting good development for the area. Considering the location adjacent to Ho Chi Minh City, the area of Di An City benefits more in terms of geography, infrastructure, and this place has been providing a new supply of affordable apartments for the market from 2020 up to now. Thanks to owning a supply that meets market demand, the liquidity of transactions in this area is superior compared to many other places.
Bcons Group’s 2 billion VND apartment meets market demand
To explain the attraction of housing in Di An City adjacent to Thu Duc City, according to the analysis of Bcons Group representatives, this place has many advantages in terms of distance as it is only about 30 minutes from the center of Ho Chi Minh City; The transport infrastructure connects both the Saigon Bridge and Pham Van Dong Boulevard directions; Own full living amenities from hospitals, schools, markets, and entertainment areas…
Convenient living space at Bcons City to meet daily needs
In 2024, the Di An City area adjacent to Thu Duc City, specifically in the University Village area, still has a new supply of apartments that meet the home ownership capacity of young people. That is, the Bcons City Tower located in the Commercial – Service – Office – Apartment Bcons project complex (Bcons City) on Thong Nhat Street will introduce apartment products to the market, with an expected starting price from 42 million VND/m2.
As shared by Bcons Group representatives, with the idea of bringing housing opportunities to the people, apartment products are always calculated from suitable area, price, and living space. Then, in addition to the policy of only paying 20%, the bank will provide loans, support interest rates for 18 months (from the disbursement time to the Notice of handing over the apartment), the apartments are also committed to be leased at a price of 10 million VND/month (1-bedroom apartments), and 14 million VND/month (2-bedroom apartments) for two years. This policy is considered to create favorable conditions for young people to confidently decide to own their own home when their cash flow is guaranteed for 2 consecutive years after receiving the apartment.
Moreover, residents of the Bcons City Tower will also enjoy the privilege of free use of the swimming pool for a period of 3 years as well as the right to park a car in the project area (applicable to the first 100 customers of the Bcons City Tower).
In addition to the regional amenities system, residents of the Bcons City project complex also have access to many facilities within the project. Specifically, Bcons Group will invest in a series of facilities such as a 7-story commercial – service – hotel complex; pedestrian street, night market, inter-level school from Primary to Secondary school,… In which, the Bcons City Tower is evaluated to have outstanding value when existing facilities are located in the base of the building, which is planned as a commercial and service area.
