A survey by VnExpress shows that the phenomenon of real estate with a price of 20-30% because of a river view is quite common in projects located on peninsulas, islands, many sides bordering the river in Ho Chi Minh City and other provinces. vicinity.
Recorded in a project in the old Thu Duc district, with a 3.4 km long riverside park, the asking price for riverside villas including land and house is up to 330-350 million VND per m2 for best view. Meanwhile, ready-made villas in the area of this project fluctuate at 260-280 million VND per square meter of house and land. The difference between the price of a house with an internal view and a riverside house of this project is up to 70 million VND per square meter.
In the old district 2, a project located adjacent to the Saigon River also recorded a house price of about 300 million VND per square meter or more, while the normal internal view apartments ranged from 240-250 million VND. one square meter. Thus, the selling price of real estate with river frontage is more than VND 50-60 million per square meter.
Not only townhouses, river view villas are more expensive than internal views, even apartments also record this price difference. In Thao Dien ward, an apartment project that has just been offered for sale in mid-2021 has a price list of apartments with an internal view of 80-85 million VND per square meter, but with river view apartments, the price is 10-15% more expensive and often out of stock. earlier than other view types.
With high-class apartments in Thu Thiem peninsula, the price of river view apartments is 15% different from those with internal view of the project area and is marketed by the investor as more expensive because these apartments have a permanent view. change). Even affordable apartment projects near Cat Lai port, apartments with river view have a 5-7% price difference compared to the rest of the project's products.
The real estate market along the river in Ho Chi Minh City viewed from Thao Dien area in District 2 to Thanh Da peninsula (Binh Thanh district), the section surrounded by the Saigon River
In the neighboring markets of Ho Chi Minh City, riverside real estate also recorded an inflated price compared to houses located in less favorable locations. A large urban project in Dong Nai has a peninsula location, the riverfront villas have the primary selling price of nearly 10 billion VND per unit, 30% higher than the villas with internal views. However, the secondary asking price of this riverside villa to the market recorded transactions at VND 13-15 billion per unit, which is 30-50% more than the initial offering thanks to the view. river.
In Ben Luc, Long An, a large-scale urban project offers villas with floor price of 22-27 billion VND per unit, internal view. While wanting to buy river view apartments, customers have to open their wallets from 48 billion VND or more for a riverside product with a more favorable location, which means the price difference is double.
The general director of an urban area project located in Thu Duc city confirmed that townhouses and riverside villas often have a limited quantity compared to ordinary real estate, so the price level is about 30% higher. In particular, there are townhouses and villas with prices up to 50% or higher than other products of the same project thanks to the beautiful river frontage.
According to this CEO, the reason that riverside real estate is more expensive is because it has a cool climate, a clear view (not obstructed by vision), is in a group of favorable feng shui locations, so it is popular with many customers. buy, accept a higher price.
Sharing with VnExpress, Mr. Doan Quoc Duyet, director of Tin Thanh Company, said that riverside real estate prices are 20-30% more expensive than similar products in the same segment, which is a fairly common phenomenon and is loved by both investors and people. Buy to live accept this difference.
Mr. Duyet explained, in a housing project, it is inevitable that there will be nice view apartments and inferior apartments, with normal views. Therefore, when calculating the cost and marketing techniques, the investors often divide the offering price brackets in batches. Real estate with normal view or internal view will be offered for sale first at a low price, also known as the bottom price (average or lowest price). This will be the reference price often offered by brokers to attract buyers' interest.
Apartments with beautiful views such as river fronts, lake views, and large street fronts are often opened for sale later with a higher price ground. The difference in house prices with river view is calculated by the bottom price formula (reference) plus a coefficient of 10-20-30% depending on the location and orientation of the house.
There are many situations in which riverside real estate in the primary market (the investor offers it for the first time) is designed to cost 15-30% more than the rest of the project's products. However, due to the limited number of houses and houses in the river front, only accounting for about 10% of the basket, the selling price on the secondary market (buying and reselling) is many times higher.
In addition, Mr. Duyet said that besides the advantage of river frontage, there are many other factors affecting the ability to increase the price of real estate such as complete legality, fast project implementation speed, low investment progress. Technical infrastructure and social infrastructure are synchronous, full of utilities (schools, commercial and service areas, markets, hospitals), filling capacity (dwelling density).
By Vnexpress.net