The real estate market has witnessed a growth in new entrants, mostly sales agents, according to data from this unit. Specifically, the number of returning sales agents has been increasing rapidly, estimated at 20-30% compared to the same period last year.
Despite a decrease in the number of newly registered businesses, new registered capital has increased by 60% compared to 2023, reaching over VND 112,400 billion. Businesses are gearing up for a comeback with long-term strategies and strengthened internal resources.
Source: DXS – FERI
Investors are setting ambitious targets for revenue (up to VND 120,000 billion) and profit growth (up to >900%), along with plans to raise capital for project deployment in 2024.
According to DXS – FERI, most investors are optimistic about the market’s early recovery, and the planned revenue for 2024 will mainly come from the launch of new real estate projects.
Regarding the housing market demand in April 2024, the unit reported a significant growth in the absorption rate of new supply. The Northern market reached an average of 60-65%, while the Southern market recorded a good absorption rate from both previously launched projects and new ones.
There has been a price increase in the apartment segment, including new launches and subsequent projects. Prices in other segments remain stable due to the lack of significant changes in new supply.
According to DXS – FERI, all sides are ready to return to the market.
The DXS-FERI representative added that market confidence has improved. This is evident in investors’ bold revenue targets and plans to launch a series of new projects. The market has also responded positively, with new launches and projects in the media attracting significant interest from customers and investors. Most parties believe that the market has passed its lowest point.
