Type of apartment 90m2, 3 bedrooms will gradually disappear in 2019

According to Mr. Duong Duc Hien, Director of Housing Business in North & Central Savills Vietnam, in the new year 2019 the market does not appear any new real estate product model but will focus on the Edit, change existing products.

Mr. Hien said that 2019 could still be the year of the mid-end housing market, which is affordable, in line with the affordability of most people.

Customers wishing to live will also aim at adjacent townhouses or development projects near social security facilities. Currently, this demand remains high, stemming from the tendency to migrate to the city of the people outside the province along with the tendency of separation of households and deteriorating housing conditions in the cities.

According to Mr. Hien, the market has not appeared any new product models. If so, it is likely that there will be resort real estate products in the marine market. Instead of launching new products, the market will make adjustments to suit the existing products to better meet the needs of customers as well as the general trend of the world.

Mr. Duong Duc Hien said that the market will no longer have apartments of 90 m2, 3 bedrooms

due to changing demand. Photo: The Leader.

"For example, narrowing the space of 3-bedroom apartments in an area of ​​90 m2, has long revealed many shortcomings, will gradually disappear in the market; or apartment design will expand balconies, loggia, and windows to catch natural light; or gradually cease to commit to profit in resort projects with this program is expected to be more sustainable directions of the housing market, ”Mr. Hien said.

Talking about the possibility of a real estate bubble, Savills Vietnam representative stated that in 2018, there was no bubble burst as before. However, in 2019 there is still a risk of bubbles, so it is necessary to carefully control credit for real estate loans, control the quality and progress of construction of investors. The market is likely to remain stable in the short term thanks to an increase in annual housing demand; But whether the market is sustainable depends on the supply of products that can meet the needs of each segment.

Savills' experts also noticed some signs of irrationality in some segments, the distribution structure among grades in 2018, making the market surpassed transiently, especially resort products. . But in the short term, the market will gradually absorb these products, especially in key markets including Da Nang, Nha Trang, Phu Quoc, Quang Ninh - places with great potential for tourism development and collection. Attracting international customers.

(According to NDH)