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Project on schedule creates confidence for investors

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Delivery progress is one of the factors that investors consider carefully in the process of product screening before depositing money.

Real estate projects face difficulties after the pandemic

Most investors expect their investments to return quickly but still ensure safety and minimize the level of risk. But in order to find a product of real value, ensuring that investment risks are minimized, many experts believe that when screening products, it is necessary to focus on two criteria: the reputation of the investor and the location of the project. .

Explaining this, a long-time investor in the resort real estate segment said that location determines the value of the property in the future. However, an equally important factor is the financial potential and reputation of the investor. “Reputable investors will bring competitive advantages and increase liquidity for products. Projects also ensure legal transparency and delivery progress as committed,” he said. speak.

Recently, projects located in epidemic areas have been affected by progress, many real estate sales activities, directly affecting the capital of investors. If this situation continues, it is expected that by the end of 2021 and early 2022, there will be many projects that cannot be handed over on schedule.

In addition, the rapidly escalating price of construction materials also causes many significant impacts. From the beginning of 2021, the market witnessed an increase in steel prices by 40-50% compared to the end of 2020, while steel accounted for 60% of construction costs of the whole project. Besides, the price of asphalt, iron, sand and cement also increased significantly.

All input costs increased at the same time, causing many investors a headache to manage and were forced to increase the selling price or wait patiently. With projects that have received customer deposits, it is almost impossible to increase the price.

Many projects are ahead of schedule despite the pandemic

From a different perspective, experts consider Covid-19 like a “golden test fire”, in difficulties, investors with good vitality will be revealed. Any project that meets the schedule will create a competitive position. Due to the difficult market, the project’s delay in handing over caused the supply to decrease. And investors will turn their attention to good projects in the market right now.

In Nha Trang, Vega City Nha Trang is considered as one of the projects attracting the attention of investors right during the epidemic. Developed according to the night economy model, the project has successfully distributed more than 90% of Vega Continental Shopping Plaza luxury shophouses within the first time of opening for sale.

Despite temporary difficulties, investor KDI Holdings kept its commitment on construction progress, completing the topping out of 168 shophouses within 16 months from May 2020. By last August, Vega Continental Shopping Plaza has taken on a new look, and is expected to be handed over in the second quarter of 2022.

168 shophouses have completed topping out and are expected to be handed over in the second quarter of 2022.

To get this result, the representative of the investor said: “In order to ensure the goal of quality and progress for the whole project, we have worked closely with construction contractors, engineers and technicians. maintaining work 4 on-site, as well as deploying vaccination for all workers, in parallel, the 5K epidemic prevention regulations, the regulations on entry and exit to the construction site are strictly controlled to create safe green zone for construction area.”

The investor expects that the Vega Continental Shopping Plaza shophouse complex will be a stopover to bring high-class experiences and anticipate future tourism trends thanks to the international utility system and unique check-in points.

In the future, global travelers can enjoy the charming Caribbean atmosphere; the vibrant colors of tropical Hawaii; Immerse yourself in the art space of Europe or indulge in the symphony of nature in Polynesia.

Thao Mien

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