The best unit value of land in entrance of Saigon’s central road is 467 million VND/m2

That is the information in Propzy’s HCMC actual property market report. In line with this unit, the worth of land within the heart of District 1 is about 11 instances larger than the worth of land within the suburbs.

Ho Chi Minh Metropolis presently has 2.6 million homes and is the locality with essentially the most homes in Vietnam, accounting for 10% of the nation. Wherein, 67% are personal homes, 32% are rented homes and 1% are group homes.

Newly developed areas comparable to Districts 2, 7, 8, 9, 12, Binh Tan, Tan Phu, Go Vap and Thu Duc Metropolis have land frontage costs starting from 70 to 150 million VND/m2. Nha Be, Hoc Mon and Binh Chanh districts have the common frontage land value under 70 million VND/m2.

  The highest unit price of land in front of Saigon's central street is 467 million VND/m2 - Photo 1.

Supply: Propzy Report

Relating to the particular common frontage land unit value: District 1 prices 467 million VND/m2, District three prices 387 million VND/m2, District 10 prices 314 million VND, Tan Binh District is 188 million VND/m2, Metropolis. Thu Duc is 96 million VND/m2; District four prices 220 million VND/m2, Binh Thanh District 193 million VND/m2, District 11 prices 239 million VND/m2…

In the meantime, land value in Nha Be district is 61 million VND/m2, Hoc Mon district 45 million VND/m2, Binh Chanh district 43 million VND/m2.

That is the unit value of residential land (façade location) calculated by the common transaction value of all roads in a district on the time of June 2021.

Additionally in response to this unit, since Covid-19 appeared, townhouses in Ho Chi Minh Metropolis nonetheless have a value enhance of 10 – 17% (from January 2020 to June 2021), however the liquidity of The actual property market is unstable. Particularly, within the four waves of Covid-19 raging, the liquidity in section 1 decreased by 29%, section 2 decreased by 2%, section three decreased by 25% and section four decreased by 44%.

Ha Vy

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