Developers upbeat on property prices and quality

HCM City Real Estate Association (HoREA) on December 23 organized a seminar themed “Quality and Housing Price” in the HCM City to discuss prices along with quality of apartments and houses.
Chairman of HoREA, Le Hoang Chau spoke that real estate companies had to face monetary tightening policy and very high lending rates so in order to survive, they accepted to offload products at lower prices without concerning apartment quality. However, investors have only been able to cut down materials used for inner decoration, excluding safety targets namely work solidity, fire fighting, or elevator.

A qualified apartment building does not mean high price. If having a good architect team, investors can save designing cost, avoid wastage and lower prices by 2 million dongs per sqm, Nguyen Van Duc, Vice Director of Dat Lanh Real Estate Co was quoted as saying. If execution phase is conducted suitably with tight management, the price may be lower.

According to Le Chi Hieu—Chairman of Thu Duc House JS Co, to choose a quality house matched with the demand, buyers need to focus on planning, designing, work investment and building management board.

At the seminar, company leaders had the common assessment that qualifying houses and properties was a challenge to realty companies. Image and prestige of developers are more significant than market difficulties and fiscal liquidity.

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by VBN on Dec 28 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry