Three major projects of Vinhomes are expected to open for sale in 2022

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The supply of apartments in the North next year is expected to increase thanks to large projects such as Vinhomes Dream City (Ocean Park 2), Vinhomes Co Loa, Vinhomes Wonder Park, BRG Smart City Sumitomo.

Vinhomes Dream City urban area of ​​460 hectares in Hung Yen is expected to open for sale in 2022. (Documentary photo: Ha Vu).

In the newly released analysis report, Securities Joint Stock Company VNDirect (Tick: VND) said that the residential real estate market will enter a favorable time from 2022 when the supply is gradually recovering thanks to the legal easing.

Meanwhile, demand was also strongly driven by a large-scale recovery in the market, low interest rates on home loans, and accelerated development of infrastructure.

In Hanoi, the supply of new apartments next year is expected to increase by about 40% over the same period last year, reaching 25,600 units and then recovering to the period 2018 – 2019 with 36,100 units in 2023, mainly from the region. West and East.

The absorption rate is expected to improve to 90 – 110% in the period 2022 – 2023, higher than 75% – 90% in the period 2018 – 2019, equivalent to about 27,000 – 32,000 units sold per year. As for the townhouse market, the new supply continues to depend on the opening volume of large projects.

VNDirect analysts forecast that the price of primary apartments in Hanoi next year will maintain a stable growth momentum of about 5-7%. Meanwhile, the luxury apartment segment is forecast to set new prices with the Masterise project in Hang Bai with a selling price based on market estimates of about $8,000 – $10,000/m2.

Land prices in the suburbs of Hanoi are also forecasted to continue their upward trend in 2022 thanks to developed infrastructure, especially the Cat Linh – Ha Dong metro line that has been put into operation since November. 2021, will boost land prices in neighboring areas such as Ha Dong and Dong Da.

According to the data of this securities company, in 2022, the Northern region will have a number of large projects expected to open for sale.

In which, Vinhomes Joint Stock Company (Code: VHM) has three projects, including: Vinhomes Dream City (Ocean Park 2) with a scale of 460 hectares (Hung Yen), Vinhomes Co Loa scale of 385 hectares (Dong Anh, Hanoi), Vinhomes Wonder Park has a scale of 133 hectares (Dan Phuong, Hanoi).

In addition to the two projects of Vinhomes, Hanoi will receive a new supply of apartments next year from the Sunshine Empire (Tay Ho) project with an area of more than 5 hectares of Sunshine Group Joint Stock Company, FLC Premier Park FLC of more than 6 hectares (Southern). Tu Liem) of FLC Group, BRG Smart City Sumitomo (Dong Anh) 272 hectares wide of BRG Group, Him Lam Vinh Tuy (Long Bien) 16 hectares wide of Him Lam Joint Stock Company.

In Quang Ninh, in the basket of goods to be opened for sale next year, there is the 144-hectare An Bien beach villa project of Van Phu – Invest Investment Joint Stock Company (Code: VPI).

Source: vietnambiz.vn – Translated by fintel.vn