Positive factors such as lower interest rates and new regulations are creating new opportunities in the real estate market. Taking advantage of this, big investors are hunting for real estate waiting for an opportunity to make a profit.
According to reports, from the end of 2023 until now, investors with good finances have been continuously returning to the market in search of investment opportunities. Most of these investors enter the market to hunt for “tight” properties with good locations.
The process of research by investors actually started before Tet, but they had not found suitable products, so when the Tet holiday ended, they continued their search. Notably, investors’ interest still focuses on the apartment segment, especially the secondary market, where existing products are clearly available with a community of residents. In the land segment, investors are paying attention to large plots of land with infrastructure potential and planning. After the Lunar New Year, transactions in suburban areas of Ho Chi Minh City such as Dong Nai, Binh Duong, Long An, Ba Ria – Vung Tau appeared.
It can be seen that many big investors have started to return to the real estate market, but the actual number of completed transactions is still quite limited. The return of these investors is very selective. Although most of the real estate market game revolves around those with cash in hand, they still maintain a cautious attitude, making transactions in various segments limited.
According to a recent market report, DXS – FERI representatives said that the real estate market has seen some big deals from “big” investors. Although it is still small, it is expected to be the premise for real estate in this area to recover in the coming years.
Sharing about the buyer’s trend in real estate, Mr. Nguyen Dinh Truong, CEO of TT Capital, said that there are currently only a few groups of long-term investors returning to the market. This group of investors has been in the real estate market, participating in buying and selling real estate many times. They are people who currently own assets but are stuck with funds because they have not been able to sell yet. In 2024, this group will partly solve the problem of inventory and rotate capital, continuing to buy real estate. The recovery signal of the market mostly comes from the leading role of these investors.
In the context of the real estate market gradually coming back to life, brokers and investors have also launched early business campaigns to not “miss” the opportunity to access a large number of potential customers.
Mr. Dinh Minh Tuan – Director of PropertyGuru in the Southern region, believes that real estate companies have recorded an increase in land transactions in the early months of 2024. Most of them focus on land plots with standard legal procedures, prices under 2 billion dong, located within a 60 km radius around Ho Chi Minh City.
Assessing the real estate market in 2024, Mr. Can Van Luc – Member of the National Financial and Monetary Policy Advisory Council, shared that up to the present time, the real estate market has shown positive signs of recovery with five support pillars: the macroeconomic is predicted to continue to be stable; capital for real estate is returning as interest rates decline, businesses have significantly reduced financial obligations, and the corporate bond market is gradually opened up.
