Real Estate: The largest consumer of the economy

Le Hoang Chau, chairman of the HCM City Real Estate Association, assessed the property as both a hurricane bird and a swift bird of the economy.

According to Le Hoang Chau, real estate is one of the most important sectors of the economy. Real estate uses materials, equipment, including the gray matter of many different professions.

As a hurricane bird, it is a swift bird of the economy

With each apartment building rising there are tens of thousands of products of various economic sectors being consumed constituting. From construction materials (cement, steel ...), household electrical appliances (electric wires, light bulbs ...), interior decoration, exterior decorations, bonsai trees ... An artist seems to be unrelated but also There are products that contribute to a real estate project.

Because of this, many people compare real estate as the "biggest consumer" in the economy, contributing to the overall growth of many industries combined. Real estate as a base configuration for other economic sectors developed, including the field of creation.

The head of the HCM City Real Estate Association shared many people's thoughts that real estate is just housing, but actually involved in many other areas such as retail real estate, resort real estate, tourism real estate , Real estate hospital, real estate industry, school property ...

However, residential real estate still makes consumers feel most comfortable. Residential houses are also divided into many segments such as high class, medium, popular, social ...

The labor force in the real estate industry is also very large with many construction companies, construction services companies, real estate management companies after the sale. There are also many other businesses involved in the value chain.

The real estate market develops sustainably, the new economy develops sustainably.

Regarding the role of real estate with the economy in general, Chau said that the real estate market develops sustainably, the new economy develops sustainably. It acts as a hurricane bird and acts as a swill for the economy. Real estate is like "two birds are hurricane and swallow."

It is a hurricane bird; When the crisis real estate market signal that the economy is at risk of crisis. In fact, the crisis of the economy often comes from the crisis of real estate. And when the real estate recovery also signaled the economy to recover.

The slowdown also leads to the risk of a freeze or growth crisis depending on the government. If the business behaves inappropriately, it will fall into a fever of bubbles.

Water wants to have a strong international brand

Sharing about the growing real estate business today, Chau cheerfully said that a country that wants to be strong must have national brands and international brands. Therefore, he always supports business minded, contributing to the development of society, for the economy.

"They have contributed to social change, turning wildland into large urban areas, settling homes for many people. They also contribute to many different sectors, contributing to promoting many industries, not just real estate, "Chau emphasized.

The head of the HCM City Real Estate Association said in the market there are many real estate companies are doing business illegally, set up many ghost companies, taking advantage of the trust of consumers to cheat. There are also plenty of riches coming from real estate, but there are also rich people who are justified, rich from their efforts.

A country that wants to have a strong brand must have national brands, international brands.

"I am delighted that many of the major businesses in the economy have contributed to greater social wealth. Many businesses have been doing business in more than just real estate. This not only promotes the overall development of the economy but also promotes the common development of society.

In particular, I am very supportive of many large businesses are jointly developing affordable commercial housing, social housing. This represents social responsibility, helping hundreds of thousands of households soon achieve their dream of owning a home in the future. It is both the development of business and the development of the country, "Chau shared.

Giang Thu Quan