The complicated developments of the pandemic have negatively affected the real estate market in many areas. Even so, the market was still moving in some provinces with effective epidemic prevention and control.

Thanh Hoa is one of the few markets that develop actively despite the epidemic.

Land price in Thanh Hoa fluctuates rapidly

Mr. Tran Huu Giap, representative of the North Central region market research working group of the Vietnam Real Estate Brokers Association, said that the focus of this market in the past time was Thanh Hoa, with 18 projects. offered for sale in the third quarter of 2021.

Among them, there are 8 new projects and 10 old projects, providing 2,235 products to the market.

Some projects such as Sungroup Sam Son, Flamingo, Vinhome, TNR and auction land projects in the city and district centers with 950 products have been sold, equivalent to 42.5% rate. absorption. Particularly for newly opened projects, the rate is up to 60%.

In areas with great attraction such as Dong Son district, the land price of projects sold from 9-15 million VND/m2, an increase of 5% compared to the previous quarter.

New projects in the city. Thanh Hoa is priced from 18-26 million VND/m2. In Hoang Hoa area, the price of land also fluctuates very quickly, from 8-20 million VND/m2. Especially, the adjacent type and shophouse cost from 50-75 million VND/m2, achieving a high increase of 9%.

According to Mr. Giap, Thanh Hoa's real estate situation at the beginning of the third quarter was still active and received great attention from investors from Hanoi, Ninh Binh, Bac Ninh and Hai Phong.

However, the end of the third quarter was the time when the epidemic was mainly affected, and investors in the provinces could not travel to see the project, so the market showed signs of slowing down and generated fewer trading transactions.

The current market can make investors wary. However, projects around the industrial park are still receiving great attention.

“Partly because these are small and medium projects that are not enough to satisfy investors. On the other hand, the price of these projects is still quite cheap, only 7-10 million VND/m2 and the potential for price increase is very high, it is easy to have a sudden change in a short time," said Mr. Giap.

According to him, the fertile markets targeted in Thanh Hoa can be mentioned as Dong Son, Hoang Hoa, TP. Thanh Hoa with large industrial zones and clusters as well as vibrant entertainment service points.

Talking about the land around industrial zones and clusters, Mr. Huu said that despite the great influence of the epidemic that made the real estate market in Thanh Hoa slower than before, investment waves are still coming here.

For example, Foxcom is expected to invest 1.3 billion USD, TNG Group invests 11 trillion VND, or a series of giants such as Sungroup, Vin group, FLC, T&T... have been implementing projects. stature in Thanh Hoa.

Bac Ninh, Bac Giang attract investment

In the Northern Midlands region, Mr. Le Dinh Chung, Deputy General Director of Hai Phat Land, said that the regional market currently has about 7,115 products for sale. In which, mainly inventories of projects that have been opened for sale before, accounting for 85.9% of total supply.

The rest are new products from a number of projects such as La Viena Valley Da Bac, Bac Dam Vac urban area, CIC Luxury, Eurowindows Green Park, My Do Vistar City urban area, HP Intermix BG pedestrian street...

The number of transactions reached 2,923 successful transactions and the absorption rate in the quarter was approximately 41%. Some projects with good liquidity in Q3 such as: TMS Wonder World – Vinh Phuc (170 transactions), Viet Han Urban Area – Thai Nguyen (100 transactions), Kosy Eden – Bac Giang (60 transactions), Hanaka Tu Son (80 transactions),...

According to Mr. Chung, most houses in the market in the surveyed area have common selling prices ranging from 18-30 million VND/m2.

For low-rise products, projects located in prime locations, in the center of Bac Giang, Vinh Phuc, Thai Nguyen and Bac Ninh provinces have prices ranging from 30-50 million VND/m2.

Projects located on the outskirts of the city and areas with prices range from 14-25 million VND/m2. Selling prices in most provinces remained unchanged from the previous quarter. Particularly in Bac Giang, land prices increased by 5-7%.

In general, due to the complicated development of the epidemic, the regional real estate market is also affected.

“The highlight of the Midlands market in the next quarter will come from Bac Ninh and Bac Giang. These are the two localities with the most positive signs of recovery. Investors' interest in the two markets of Bac Giang and Bac Ninh increased by 26% and 7% respectively compared to the previous quarter," said Mr. Chung.

Besides, real estate businesses are still very active in following the market, selling even during the time of social distancing through many forms such as introduction and online sales.

According to cafeland