The end of the year is usually the busiest window for real estate market due to large supply, numerous projects going on sale, promotion, and high liquidity, making cash flow into real estate rocket.
Still, the reasonable choice for those with financial capacity is still projects in their final phase. This meets the demand of immediate housing delivery and allows the easy inspection of the investors’ capability and reputation.
The channel of real estate attracts cash flows
Towards the last months of the year, there are many large cash flows poising to be poured into the channel of real estate investment.
Bank credit should be mentioned as one of the main source of cash flows. According to the National Financial Supervision Commission’s latest report, credit for real estate investment and business in 10 months of 2017 increased by 5.3%, accounting for 8.5% of total credit. This was followed by consumer credit, which, as of October 21st, 2017, increased by 18.78% as compared to the end of 2016. Notably, capital for real estate investment and business accounted for 8.5% of total credit. This is considered as a strong growth drive for real estate market because it results from the public’s real demand.
On the other hand, foreign direct investment (FDI) flows have been pouring in real estate with significant amount, second only to manufacturing. In addition, overseas remittance flow was another driving force. By the end of October, remittances to Ho Chi Minh City through official channels reached US$4.25 billion, 12% higher than the previous month. Last year, total overseas remittances across the nation reached nearly US$16 billion, of which, more than a fifth was poured into real estate.
With a strong cash flow, many experts stated that real estate market in Quarter IV of 2017 is the most attractive channel for individual investors with no formed clear trend, only project-specific opportunities.
A home to welcome Tet right in District 9
Considered a prominent project in consumption in Quarter 3 of 2017 in HCMC, Park Riverside Premium project developed by the reputable MIKGroup brand was launched in August 2017 and won over customers with quality and aesthetic townhouses and shophouses.
Drawing inspiration from Italy, the townhouses, shophouses and duplex villas after each launch have always been well received by the market and many customers quickly decided to make a deposit, leading to high consumption rate. From the experience of previous projects’ successful implementation, MIKGroup has chosen the professional contractor of Unicons to build the beautiful homes at Park Riverside Premium. With fast progress and superior quality, the Park Riverside Premium project is being finalized to meet the demand for “a home to welcome spring” from homeowners who have chosen to reside here.
According to the representative from the Park Riverside Premium project’s distributor, at the moment, the project only has a limited number of products against the large number of interested customers. It is as such because this is a high-end place to live for worthy homeowners who want to build an ideal, happy, and fulfilling home with their family, friends and loved ones when Tet is around the corner.
For home purchase, please contact hotline: 096 1081 299
Or for more information on Park Riverside Premium project, please visit:
http:///www.parkriversidepremium.vn
Source: News site https://tuoitre.vn