Monday, August 16, 2010

Housing Market Frozen in Vietnam


Prople have rushed to buy a luxary apartment such as Sai Gon Pearl, The Vista, Estella, Blooming Park, Phu Hoang Anh, Hoang Anh Riverview before the housing market forze. Nowadays,there are so many condos for sale on the internet but no one wants to buy it. Tran Van Hai, head of Phu My Hung Vinaland property transaction office, said " his office his office hadn't had a luxury apartment sale for three months, despite prices at below cost." Nguyen Minh Suong, director of District 2's Dai Nam Property Co, said " a project in Nam Sai Gon Area drooped its price but it had not attracted the buyers. In addition, while they can not slow the process of the project, it is difficult to take out loans from the bank. Real estates are trying hard to grap attention from the buyers by giving out the discount and promotion but it is not successful. They offer to give 10 percent discounts, free kitchensand dong/dollar exchange rate deals that benefit all the buyers.

In my opinion, it is a trend to live in an apartment or buy a new apartment. It brings you a comfort to live in an apartment near a trasportation. For example, there are so many new apartments locate near the BTS, MRT or BRT. People buy them because it is easy to go to other places even the price is quite high. If I am a billionair i would love to buy one condo that is located near the center of Bangkok or easy to transport.

I chose this topic because I perceive that so many new condos are constrctign new the center of Bangkok or near the BTS. It is comfortable. More information http://vietnamnews.vnagency.com.vn/Economy/Business/202568/Luxury-housing-market-awaits-thaw.html



1 comment:

  1. i wish i could buy one too, but... you know how expensive they are! (2)

    ReplyDelete