Binh Duong Real Estate Price may increase by 20%, the market is in short supply of "affordable" luxury apartments
In the context of a meager capital supply, the selling price continuously established new ground due to the province's development speed, plus the price of construction materials increased due to the impact of the Covid-19 epidemic, Binh Duong real estate market There is a shortage of high-end affordable apartments.
The supply is low and increasingly scarce due to fluctuations in the market
Binh Duong's real estate market has experienced strong growth in recent years thanks to the advantage of being the southern industrial center and adjacent to Ho Chi Minh City. According to statistics of a real estate website, in the period 2017 - 2020, the average selling price of apartments in Binh Duong increased by 15% per year.
However, the supply of luxury apartments in Binh Duong is quite meager when accounting for 86% of apartment projects located in the affordable segment, for workers with limited income. Supply currently only records a number of projects of "terrible" scale, positioning in the high-end, international segment, mostly concentrated in the three cities of Di An, Thuan An and Thu Dau Mot with the participation of some reputable investors.
Binh Duong real estate leans towards the affordable segment
Meanwhile, from the beginning of 2021 until now, the price level of construction materials has increased by about 25%, the highest increase is iron and steel with a "galloping" level, up to 40-45%. The high price of construction materials leads to many consequences, the first of which is affecting the progress of works. Many projects have to adjust the construction progress, waiting for the steel price to "cool down", leading to delay in the set schedule. The volatile building materials market also affects the decisions of investors and construction contractors when implementing new projects.
Moreover, the Covid-19 epidemic is still complicated in Binh Duong as well as in many southern provinces and cities, affecting the working rhythm of many projects. These things make the supply of luxury apartments in Binh Duong, which is already meager, now even more scarce.
Real estate prices can increase by about 20%
According to real estate experts, a sharp increase in the price of construction materials will lead to an increase in construction costs and put upward pressure on real estate products. Real estate prices are forecasted to increase by about 20% due to the current upward momentum of construction material and land prices.
In fact, many real estate businesses have also considered the option to increase the selling price of houses and apartments with an increase of about 18-20% to balance the cost of construction materials. This makes it "difficult" for homebuyers, because there are fewer choices to find affordable luxury products, while suffering many difficulties due to the impact of the epidemic. The rapid increase in real estate prices while the limited supply also makes buyers have to make faster decisions because it is completely possible to lose the opportunity if procrastinating.
Affordable apartment projects, right in the high-end segment in Binh Duong
In the volatile picture of the market, there are only a few apartment projects in Binh Duong that are still keeping the construction pace and ensuring the price. These include projects such as: LDG SKY of LDG Group, Charm Diamond of Charm Group, Opal CityView of Dat Xanh Group.
#1 LDG SKY
| Name of project | LDG SKY APARTMENT AREA |
| Investor LDG SKY Binh Nguyen | LDG Investment Joint Stock Company (LDG Investment) |
| Distributor F1 | Thuan Hung Real Estate Trading Joint Stock Company |
| total area | 20,878 m2 |
| Building density | 35.5% |
| total investment | About 3,000 billion VND |
| Expected work items |
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| Expected Block Number | 3 Blocks A, B, C (5 Blocks) in which:
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| Product structure |
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| Location LDG SKY | Binh Nguyen Residential Area (National University Village), Binh Thang Ward, Di An New City, Binh Duong (Eastern Area of Ho Chi Minh City) |
| LDG SKY Lending Bank | Vietcombank, Vietinbank, VPBank and TPBank |
| Utilities LDG SKy | A whole city in miniature at LDG Luxury Apartments – SKY |
Selling price: 27 – 32 million/m2
See more LDG SKY at: https://thuanhunggroup.com/ldg-sky-binh-duong/
#2 Charm Diamond
| Tradenames | CHARM DIAMOND |
| Project location | No. 30 DT743C, Thong Nhat Quarter, Di An, Binh Duong Province |
| Investor | DCT Partners Vietnam Co., Ltd |
| Construction general contractor | Central |
| Area of the whole area | 50,070 m2 |
| Total building area | 19,149 m2 |
| Building density | 38,25% |
| Type of investment | High-class apartment, shophouse, commercial, service |
| Project size | Charm Diamond is 45 floors high |
| Charm City Utilities |
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| Starting construction | Quarter 4/2021 |
| Expected handover | Quarter 1/2023 |
| Juridical | House ownership certificate |
| Ownership |
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| DISTRIBUTOR & SALES UNIT | Hotline 24/7 : 0911 525454 |
Selling price: 39 - 42 million/m2
See more Charm Diamond at: https://thuanhunggroup.com/charm-diamond-binh-duong/
#3 Opal CityView
| Name of project | Opal CityView |
| Location | Front of Highway 13, Phu Tho Ward, City. Thu Dau Mot, Binh Duong Province |
| Investor | Ha An (Member of Dat Xanh Group) |
| Distributors | Thuan Hung Group |
| total investment | Dat Xanh Group |
| total area | 9,714.50m2 |
| Building density | 47,88% |
| Type | High-class apartment |
| Project size |
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| Estimated population | 4000 people |
| total investment | About 3500 billion VND |
| Nearby amenities | An entire city in miniature around Opal City View |
| Start | Quarter 4/2021 |
| Expected handover | Quarter 4/2023 |
| Legal Opal Cityview | Pink book, 1/500, GPXD |
Selling price: 30 - 32 million/m2
See more Opal CityView at: https://thuanhunggroup.com/can-ho-opal-cityview/
Any questions, please contact via:Hotline/Zalo: 0911 525 454 According to : https://thuanhunggroup.com/du-an/can-ho-chung-cu-binh-duong/ |
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