Having 15 years of real estate legal consultancy in Ho Chi Minh City, expert Nguyen Tan Phong forecasts, in the context of the project market in the city area has entered the large scale of legal inspection and review. , individual townhouses, small area, full legal, become a safe shelter than ever before.
- The situation of completed projects, handing over of houses, even people who have been granted house ownership certificates, may still be temporarily suspended from repurposing purposes for legal review. Aftershocks are not good for investors. These inspections of real estate projects in the city have led to a negative psychological impact on the market. This creates an opportunity for an individual townhouse investment channel, with completely tailored products, with a land use right certificate and land-attached assets, limiting legal risks.
- Mr. Phong said, the houses are not too big and few floors, have a red book, a pink book (certificate of land use right and home ownership), located in an existing residential area, are planned well. and become the perfect "tailor" asset with capital of less than VND 5 billion.
- Currently, townhouses at projects often have large land areas (common plots of 100-120m2), resulting in the construction floor area of up to 150-170-200 m2 due to multiple floors, pushing the total value of assets. production is too high (about VND 6-10 billion per unit) and must be completed, designed and planned for a new pink book. Meanwhile, the townhouses in addition to having the legal land completed the red book - the land use right certificate), the land area is also more flexible, can be built according to the design of the owner as long as ensure proper land boundaries, boundaries and setbacks, no restrictions according to the standards of townhouses and villas in the projects.
- On the other hand, the townhouse has a moderate area, the price is softer than the project townhouse with a large floor area of construction, also makes the liquidity of the townhouse more favorable.
- According to Mr. Phong, there are at least 4 reasons to help retail houses become a valuable investment channel to attract capital in 2019. First: legal security in the context of legal risks that have been causing No less bewildered for the market. Second: both accumulate assets and avoid currency depreciation. Third: can exploit to collect moderate cash flow. Fourth: there are many expectations for adding value over time.
- With townhouses in Ho Chi Minh City, there are 2 popular ways of investing on the market today. The first is hunting townhouses to exploit consumption: for rent, business on this premises. The second is to hunt for accumulated townhouses or to sell and exploit the interest on capital. Investing in retail houses in Ho Chi Minh City in 2019 promises higher profit margins than bank interest rates, or if it is aimed at commercial exploitation, it can earn a minimum cash flow of 3-4% a year.
- For urban areas, townhouses are suitable for commercial exploitation and consumption because of good rent. Meanwhile, the townhouse in the suburbs of Saigon, with the advantage of low asset value compared to the inner city, is suitable for exploiting profit on capital (difference purchase and sale) because of the opportunity to increase prices over time. big.
- This expert also said that, along with the strong development of condominiums and the wave of moving up in high-rise buildings in Ho Chi Minh City for more than a decade, small townhouses have complete legal status. the existing residential area is facing opportunities to become services and facilities for the growing community. This is an underground added value of small townhouses, which can become a positive push to attract capital flows into this particular group of properties in the near future.
