Along with the growing economy, Hai Phong will focus on building and developing urban transport infrastructure, promoting […]
In a recent summary meeting, Mr. Nguyen Quang Van, Chairman of the Hai Phong Real Estate Association, said that in the first quarter of 2021, Hai Phong had a phenomenon of land fever in suburban areas. In the second quarter of 2021, land prices cooled down and broke, many segments had to reduce prices and even sell at a loss.
In the third quarter of 2021, land prices stabilized and returned to balance, focusing on the consumer market and inner city areas. In the fourth quarter of 2021, prices increased by 15-35% compared to the third quarter.
Hai Phong is one of the provinces that attracts many real estate investors in the country, with great potential for economic, commercial, service and industrial development. Transport infrastructure projects are developing strongly along with many urban beautification projects...
With an economic growth rate of 12.38%, it will be a positive lever for economic development. Thanks to the city's policy to stabilize the real estate market, the second and third quarters of 2021 make the real estate market in the fourth quarter become vibrant.
Industrial real estate: Continuing to develop
Hai Phong's goal for 2021-2030 is to become an industrial and modern city, a key marine economic center, and a national logistics service center. Currently, Hai Phong has 12 industrial parks with an area of 5,000 hectares. Recently, Hai Phong added 15 industrial parks with more than 6,000 hectares.
The occupancy rate of industrial parks in Hai Phong is very high, reaching over 90% with the average rental price of industrial real estate reaching up to 96USD/m²/rental cycle, which is high in the Northern market. Some typical industrial real estate projects currently open for sale include Nam Cau Kien Industrial Park, occupancy rate 60%, DeepC 60%, Nam Dinh Vu 50%.
Pioneer Eco-Industrial Park model Eco-industrial real estate accounts for 16.5%. Including Nam Cau Kien: 263.32ha, Deep C: 1,736ha. This is a zero-emission circular economy model, minimizing environmental impact, reducing transportation costs, increasing the rate of recycled materials, production efficiency, and long-term, sustainable development.
Residential real estate: Good absorption rate
Regarding the luxury apartment segment, some ongoing projects include: Hoang Huy commerce (55% absorption rate), Hoang Huy Grand Tower (89% absorption rate), BRG's The Legend (83% absorption rate), The Minato Residence (95% absorption rate), Dimond Crown Plaza (20% absorption rate).
In the commercial housing segment, prices increased sharply in the fourth quarter of 2021, up 30% compared to the third quarter and up 60% compared to the first quarter. Typically, Vinhomes increased up to 90% compared to the first quarter. In the segment of street-front houses or low-rise residential houses, commercial houses of individual investors, prices did not fluctuate much, transactions increased slightly due to demand for housing at the end of the year.
The social housing segment, affordable apartments, the market absorbs 100% of the products, there is no inventory left, the apartment price deployed by Hoang Huy is 11-14 million/m².
With the land segment, in the beginning of the first quarter, prices increased sharply, especially in the suburbs. In the second quarter, the market cooled down, in the third quarter, prices stabilized and increased slightly. In the fourth quarter, the market was vibrant and prices increased sharply. Especially in the segment of land divided into project lots with synchronous infrastructure, land auctioned, increased by 15-35% compared to the third quarter, with exciting transactions. Residential land increased slightly by about 10-15%, trading was stable.
Resort and rental real estate: Cooling down
The current resort real estate segment in Hai Phong has just had the Dragon Hill International project starting to open for sale, a highlight for the resort real estate market and the city's tourism economic development.
The real estate rental segment in Hai Phong is steadily decreasing and falling to a low level since 2019 due to the continuous impact of the COVID-19 epidemic. Business premises on central streets have reduced prices by 20-30% and up to 40% compared to the first quarter. Apartment rental prices are reduced by 30%, only from 7-13 million VND/unit. Currently, the occupancy rate is about 40% of the market, with a relatively large surplus of apartments.
For the office rental segment, the occupancy rate is not high, many buildings are still quite empty. Offices are concentrated mainly on Le Hong Phong, Tran Phu, Le Thanh Tong streets... office rental price for row A office ranges from 8-10 USD/m²/month; Grade B and C offices from 6-8 USD/m²/month.
Forecasting growth momentum
In 2022, with the economy on the rise, Hai Phong will focus on building and developing urban transport infrastructure, promoting regional connectivity. Tourism, trade, industry, and seaport services are all developing, so the real estate market will grow strongly in 2022.
Mr. Van said that real estate supply has not improved much, so the market will be under pressure to increase prices. Transactions focus on the land segment, resort real estate, low-rise housing, and high-end apartments. Residential land and real estate on the outskirts of industrial zones will increase in price.
Industrial real estate continues to grow, maintaining occupancy rate, rental prices may increase by 10-20%. The rental market will recover, prices have not increased but the occupancy rate increased to about 50%. Mr. Van also warned that there will be a local fever scenario in some places and a situation of heat shock due to hot growth.
It is known that in 2022, the Hai Phong Real Estate Association will organize many training courses on real estate brokerage and organize a real estate brokerage practice certificate exam to standardize the city's real estate brokerage team.
At the 2021 summary of the work of the Hai Phong Real Estate Association, the Hai Phong Real Estate Brokers Association was officially launched. Mr. To Hung, Vice Chairman of Hai Phong Real Estate Association, was assigned to take on the role of Chairman of Hai Phong Real Estate Brokers Association.
Thu Duyen
Source: haiphong.gov.vn
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