Home Business Coming soon will be the decade of satellite real estate – VnExpress

Coming soon will be the decade of satellite real estate – VnExpress

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Speakers attending the seminar on October 8 said that the market now has a different perspective on satellite real estate compared to 10 years ago.

Real Estate Movement 8.10

What is the picture of the trend of shifting to satellite regions? Where are the potential markets, there is still room for development? What should investors pay attention to when choosing investment markets and segments? These are the questions that will be discussed by experts in the seminar “Getting the pulse of satellite urban real estate”.

The experts who will participate in the program are Mr. Vu Cuong Quyet, General Director of Northern Green Land; Mr. Pham Duc Toan, General Director of EZ Real Estate Development and Investment Joint Stock Company (EZ Property) and Mr. Phan Cong Chanh, a personal real estate expert.

Assessing the strong development of satellite real estate, Mr. Toan said that the epicenter of this market is increasingly spreading. According to him, in the previous periods, in the North, industrial real estate areas were vibrant such as Vinh Phuc, Bac Ninh, Bac Giang and Thai Nguyen, but the heat spread to more remote areas such as Phu Tho with a series of Large industrial parks were established. In the South, the heat not only spreads to the provinces near Ho Chi Minh City, but also to Binh Phuoc.

Experts say that improved infrastructure is the main factor that has made satellite urban real estate more vibrant in recent years. Mr. Quyet gave an example in 2011, when his business expanded to Quang Ninh, the market only saw the whole city in its infancy, poor infrastructure and barely developed real estate.

“My staff also asked how to sell apartments and land plots in Quang Ninh. But for 10 years, the province has made the infrastructure to connect traffic convenient, calling for big investors. There are not many The locality can do so. The real estate picture of this locality over the past 10 years has changed continuously and the prominent segment is the resort”, Mr. Quyet said.

There is also a fast growth rate, but according to Mr. Quyet, Hai Phong has a different direction when it comes to attracting industrial real estate investors.

Regarding the growth rate of satellite real estate, Mr. Pham Duc Toan, some areas in the suburbs increased prices by 100-200%. For example, in 2015, when he implemented a project in Vinh Yen (Vinh Phuc), the regional price level at that time was only about 7-8 million VND per square meter. However, by the beginning of 2021, it increased to 40 million. Prices increased 5-6 times within 5 years.

“Other provinces and cities also increased dramatically. For example, Hon Gai center a few years ago 40-50 million, now has increased to 200 million. Some provinces and cities not only have high prices but no one sells them,” Mr. Toan said. .

Mr. Chanh assessed that the market now has a very different perspective on real estate in suburban and satellite areas. “If in the past people thought that the satellite area was sparsely inhabited, investors did not know who to sell to, in the near future it would be a decade of satellite real estate,” Mr. Chanh said.

About one of the risks of the satellite market is the premium. Mr. Toan admits that is a common practice. However, this expert gives advice, to avoid risks, it is best for investors to check the legality of the product, the reputation and capacity of the investor, whether the product has a red book or not.

“In the satellite market, there are two main types of products. One is sold by investors. The second supply is auction land, which is safer, but when sold, the first buyer will usually collect the difference. Therefore, I think that individual investors should pay attention to the legality of the product,” noted Mr. Toan.

The seminar “Getting the pulse of satellite urban real estate” is one of the activities within the framework of Vhome Expo – an online real estate fair that is held periodically and lasts for 15 days. The first program was held on October 12 on Vhome. To receive information about projects as well as incentives, readers can leave information here.

Nguyen An

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