According to the District 1 office also said that the real estate japan south korea transaction apa

20. Feb / real estate / No Comments
Through monitoring of the District 1 office real estate market in IV/2013 quarter and nearly 2 months of this year, many investors have apartment projects in Hanoi have accepted the adjusted payment terms, home delivery before receiving payment, discounts, free management, even direct discount ... that's trading markets become more active.
Accordingly, the average asking price for apartments is 50 million japan south korea m2 of Grade A, Grade B and Grade C 30 million m2 approximately 16 million m2 (inclusive of VAT). Cushman & Wakefield, the least optimistic that the apartment sector will witness a recovery, japan south korea but the price of a particular project may continue to decline.
According to the District 1 office also said that the real estate japan south korea transaction apartments in several areas in the province of Hanoi are showing signs of increase and is expected to be a good sign of housing market . According to the Department of Civil Engineering, the trading price of apartments in the secondary segment IV/2013 quarter rose slightly. Specifically, in Ba Dinh district, rose from 81 to 83%, Dong Da district increased from 75 to 79%, Ha Dong increased japan south korea from 66 to 69%, Mai Hoang increased from 71 to 72%, Long Range increased from 81 to 82 %, West Lake increased from 82% to 84% ...
In particular, according to Richard japan south korea Leech, Executive Director of CBRE, a prominent developments in IV/2013 you are the owner moved the focus from the product price (less than 20 million m2) to produce dignity medium (20-30 million m2).
For the first time after 2 years, low-priced products are no longer accounted for the largest share of new supply offered. This can be seen as a new move by investors when the market's tastes shifted to the middle price products, office lease in District 1 also confirms this is most likely the consequence of belief consumers are significantly improved and also this makes total turnover increased to 50% compared with the previous quarter.
Explaining the cause of the price increase on, for District 1 office solutions identified by removing difficulties for production - business, marketing assistance, debt settlement bad, the life of the local in especially the owner of the business ... helped the liquidity of the market rebounded, especially in the segment of affordable apartments, so that inventories have fallen nearly 25% over the quarter I/2013 .
Currently, japan south korea home prices have fallen more than time "fever" of Phase 2008-2010. Many projects up to 50% discount, return rates equivalent to 2006. Property prices have fallen to levels consistent with deep vast majority of people, market japan south korea liquidity is gradually improving. So, leaders of Hanoi Construction japan south korea Department assessment, the apartment market in Hanoi in 2014 in terms of price stability, in particular, with a range of social housing projects, commercial-scale housing small, medium is implementing aggressive, more abundant supply will. In fact, the demand for social housing in Hanoi is very large.
Also in this segment, but the service japan south korea apartment for rent, CBRE said, asking japan south korea rental demand in 2013 is quite stable, but rent budget decreased by 12.4% compared with 2012. Budget rent below $ 2,000 / unit / month increased japan south korea markedly in recent years. West Lake and the downtown area is still popular, but the demand for apartments is increasing due west of the project office is gradually shifting towards this region. Guests Japan and South Korea are two key subjects asking rent in this segment due to investment from Japan, South Korea in the industrial zone, Hai Phong, Bac Ninh, Thai Nguyen rise.
Besides, japan south korea the supply of office and continue to rise apartments with lower rents is putting competitive pressure on service apartments. This trend will continue in the coming years, however this type will look to other customer segments with different service requirements, quality management, security and utilities included apartments compared with type services.
Specifically, in IV/2013 quarter, the Hanoi market recorded 3 apartment project services in operation, providing a total of 310 apartments. By the end of the quarter IV/2013, the total supply japan south korea of the market reached 3,337 units, up 10.2% from the previous quarter and increased 21.2% compared to the same period in 2012.
Overall, district office rent 1 shows the average vacancy rate increased 1.7 percentage points japan south korea compared with the previous quarter, reaching 19.3%, no significant change compared with the same period japan south korea in 2012. This trend appears in the self-managed japan south korea group projects and group projects are managed by international units.
On average rents, manage project team saw a decrease of 6.5% compared to the same period in 2012, while the rental price of the project team is managed by international units increased by 0.3% compared with the previous quarter, but down 1.9% from the same period in 2012. The average rent entire office leasing japan south korea market increased slightly by 0.1% compared with the previous quarter, averaging 30.3 USD/m2/thang. buildings for rent. leasing office.
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