Is there a narrative about ‘slicing losses’ in residences with a whole bunch of hundreds of thousands of dong throughout the epidemic season?
Promoting ‘cease loss’ from a number of dozen to a couple hundred million dong
“Because of the influence of the epidemic, want cash to promote urgently…”, or “slicing off the condo loss”, “promoting at a loss”… are phrases that seem on many actual property listings right now.
Within the function of a house purchaser, PV Infonet contacted the one that posted an advert to chop a lack of greater than 200 million VND for an condo with an space of over 70m2 in Ha Dong space (Hanoi) to search out out particularly.
Many info on the market to chop losses in residences for a whole bunch of hundreds of thousands of dong.
Accordingly, the vendor stated that the condo has 2 bedrooms and a couple of bogs, individuals who need to purchase can transfer in instantly as a result of the earlier proprietor purchased it for funding, not for residing, so the home remains to be empty and unused. The opposite residences have been occupied for two years now. The unique worth the proprietor purchased from the investor was greater than 2.four billion dong, now slicing losses for the client solely earns 2.2 billion dong, ie about 30 million dong/m2.
Nonetheless, when PV wished to see the contract that the proprietor of the condo purchased from the investor, the vendor refused to supply it and stated that if he was actually keen to purchase, he may present the home, if he agreed to purchase it, he would offer it. contract for viewing.
Price mentioning, discovering out extra concerning the info on the market of residences with the identical space on this condo constructing on the market to chop losses, the promoting worth is just at 28-28.5 million VND/m2.
An commercial on the market to chop a lack of an condo of greater than 200 million VND in Hanoi.
Or is there one other condo in Dai Kim, Hoang Mai district, which is offered by a dealer named Mai with a lack of over 200 million VND, however after I contact the dealer, I solely obtain the reply “the condo was offered proper after itemizing” and the dealer directs clients to different residences and doesn’t have a cut-off worth.
Persevering with to go looking, PV contacted a vendor to chop a loss for an condo in Thuan An (Binh Duong). Accordingly, the condo has an space of 50m2, 1 bed room prices 1.6 billion VND.
The vendor stated that resulting from shopping for for funding, however due to the epidemic, there isn’t a longer the power to speculate additional, so it must be offered urgently. The overall worth of the condo is 1.6 billion, new cash 200 million, now must promote urgently, reduce a lack of 30 million, solely get 170 million.
“Lower your losses” is simply an invite to draw clients
Sharing with PV Infonet, Ms. Nguyen Thanh Thuy – answerable for the enterprise of an actual property buying and selling flooring in Hanoi stated that there isn’t a story of residences slicing losses even throughout this epidemic.
Thuy cited, some residences which were used for a number of years in Cau Giay haven’t decreased in worth although the proprietor desires to promote to maneuver to a bigger condo.
“Dad and mom requested me to promote an condo in Dich Vong, Cau Giay for 29 million VND, however earlier than I may discover a buyer, the proprietor known as to say it was offered for 30.5 million VND/m2. It is a actual proof to see that there isn’t a lack of condo blocks even within the previous undertaking,” Thuy stated.
Ms. Vien Bich Hold, Gross sales Assistant to the Basic Director cum answerable for gross sales of THM Land Flooring stated, within the condo market, there are condo merchandise within the investor’s new undertaking on the market and undertaking. Half-finished condo initiatives or used residences that have to be offered… In line with precise observations available in the market, all of those merchandise haven’t dropped in worth or reduce losses.
“Cease loss is only a gross sales pitch to get consideration. There are new initiatives of the investor at present provided on the market to the market which aren’t low however fairly excessive as a result of the provision is low, the value of uncooked supplies will increase, the investor can’t promote cheaply. Perhaps it is just some traders who want cash, so that they promote at a barely cheaper price in comparison with the earlier excessive worth,” Hold stated.
Additionally sharing with PV Infonet, Mr. Nguyen Chi Thanh, Director of Thanh Binh Hanoi Joint Inventory Firm, stated that if in initiatives with a lot of merchandise, the investor reduces the value, forcing secondary traders to additionally discount is inevitable.
“As for the residences which were in operation, the value relies on the standard of the condo. There can be a number of initiatives that improve costs and this worth improve is just in initiatives with good areas, good merchandise however little advertising and marketing earlier than, when folks transfer in and consider the precise high quality. The remaining, used residences primarily hold costs or lower, solely somewhat, not important, “Mr. Thanh stated.
Basic touch upon condo costs after the epidemic, Mr. Thanh stated that there could also be a worth discount in massive initiatives with a lot of merchandise when the earlier investor set the anticipated worth too excessive, when not. Consistent with the epidemic context, it should be modified.
