“The recent policies are quite close to the reality of businesses, helping the real estate market stabilize and get better. However, for the law to come into practice, specific circulars and decrees are needed. Hopefully, legal guiding documents will soon be issued so that in early 2025, when the laws take effect, they will be implemented smoothly,” Mr. Quyet said.
Expecting that in the second quarter of this year, the market will fully recover, Ms. Le Thu Ha, Chairman of the Board of Directors of Ha An Group, said that according to plan, the company will continue to develop medium-sized real estate products. living and doing business in Quang Ninh market. For apartments, the price ranges from 38-45 million VND/m2; Villas range from 100-150 million VND/m2.
“It is expected that in the third and fourth quarter of 2024, we will continue to launch new shophouse projects, targeting investment customers, with prices fluctuating around 10 billion VND/unit. Quang Ninh is a city with convenient transportation infrastructure, attracting tourists… so real estate investment is quite good. This is also the reason for the company to focus on investing in project development in this provincial market,” Ms. Ha shared.
And Mr. Pham Minh Duc, Deputy General Director of Tan A Dai Thanh – Meyland Group Real Estate Joint Stock Company, said that 2024 will still have many difficulties but will be the final stage of the real estate “freezing” process thanks to the Macro policies and new legal system on real estate. However, according to Mr. Duc, although legal policies on real estate have been strengthened, more important is the law enforcement process, especially in local governments.
Over the years, many businesses themselves have shared that it is not the interest rate issue, but the dismantling of policy mechanisms that real estate businesses want most.
“In fact, the life cycle of real estate projects often lasts through many periods of legal changes. This is a common problem that makes the process of applying laws and transitional regulations sensitive and is the main reason why many projects are prolonged. I hope that in 2024, the Government and ministries will soon issue decrees and circulars to thoroughly remove existing problems and support businesses,” Mr. Duc said.
Meanwhile, Mr. Nguyen Van Hau, General Director of Asian Holding Real Estate Joint Stock Company, said that some experts predict 2024 will still be a difficult year for real estate. However, important real estate laws have been passed that will have a positive impact on investor psychology.
Sharing about the new year business plan, Mr. Hau said that the company will continue to M&A projects in Dong Nai and Binh Phuoc areas. Along with that, the unit will also focus on developing market share in Ho Chi Minh City.
“When the real estate market recovers, the real housing segment will prevail. Welcoming this trend, we are looking for investors to develop apartment projects in the Ho Chi Minh City market,” Mr. Hau revealed.
