Hello everyone, welcome back to Nhat At Quang Minh channel.
I'm Dang Duong, a member of Vietnamese Real Estate Association.
During my work, I've received a lot of questions from investors,
as well as CEOs, about the real estate market around Ho Chi Minh City,
especially the key areas, such as Canh Duong and Vinh Dieng Ward.
A lot of you, as well as CEOs, all know that
in the 3rd quarter of 2019, the real estate market in this area
compared to the 1st and 2nd quarters, has decreased a bit.
Since then, there have been a lot of questions
about the future direction of investment in this area.
To answer all those questions,
I myself haven't had enough energy to do it.
In today's video, I will take you to meet a person.
He has a lot of experience in successful investment in this area.
And now, he is the CEO of Nhat At Quang Minh Real Estate Association,
Mr. Pham Hoang Van.
Hello, Mr. Pham Hoang Van.
Hello everyone, hello Dang Duong.
Today, I'm very happy to have some challenges in the process of investment,
especially in Ho Chi Minh City.
Today, we have a cup of coffee together
to talk about the market.
I hope to share my investment experience
as well as my perspective on the real estate market
in Ho Chi Minh City.
I can ask questions from investors
or businessmen
about the real estate market in this area.
I will be happy to share with you
so that you can refer to it.
Without further ado,
I will start with the first question.
This question may be the most curious
because it is relevant to the market.
According to your observation
about the real estate market in Binh Niem and Canh Duong,
what is the difference between them in Q3 2019?
There are many differences.
According to the information I have,
in Q3 2019,
Binh Niem and Canh Duong
mainly trade in houses.
They sell houses more than land.
If you have invested in this area,
you will see that the price of land is quite high
and it is also a psychological barrier
for many investors.
Therefore, the amount of land
in Q3 and Q4 of this year
is quite high.
In general, the price of land is quite high.
With your sharing,
it is also related to the second question.
This question is from an investor.
He sent a fanpage of Quang Minh with the following content.
The price of land is quite high
and it corresponds to the amount of investment
from 3 to 5 billion VND.
Will investors move to another area
with a lower price of land
to achieve a higher profit margin?
Of course.
In fact, the market is very wide.
Not only in Le Tran area,
especially in Binh Niem and Canh Duong,
but also around Ho San Co street 2.
However, I would like to share with you
that what you are trying to do
is the profit margin.
From your point of view,
it may only affect
the information on the market.
In fact, the price of real estate
will be influenced by many factors,
especially the investment mentality.
Many investors are afraid
of the amount of money they invest
and don't know how much profit they will get.
I would like to share with you
that the most important thing
in investing in real estate
is not only to compare
but also to look at the market effects
that you invest in
and want to win in the market.
It is really a gamble.
It can also be compared to the stock market.
If we invest in real estate,
of course there will be many risks.
Not only in real estate,
but also in other markets.
What you can see
from the successful investors
in other markets
is actually the result of the previous time.
Therefore, it is impossible to assess
whether the quality of the market
in a certain area is attractive or not.
Specifically, to assess
which quality is really attractive to invest in,
I will share in the following questions
or in the following clips.
To sum up the question of Dang Duong,
you have to understand
that the value you invest
means that many people have invested that amount of money
and they have designed such a framework.
It also shows that
you have a very good management in the market
and the value of real estate
is not the same as those who have invested
a lot of money in real estate.
In fact, there is a reason
because big companies
have also invested a lot of money
in the Ocean Corridor 2 route.
As you know,
it is the group of Green Group and Hoang Huy,
as well as the group of Japanese supermarkets.
Therefore, a route that attracts thousands of billions of dollars
to invest in infrastructure
as well as such small businesses
does not really have a deeper assessment.
I think everything has its price.
If you determine a plan
that is neutral for about 2-3 years,
I am sure that the value you invest in this area
is still very promising
and still brings back the value
that you should invest,
especially in terms of market performance.
Thank you for your answer.
I would like to share a little bit
that during the work process,
I have also witnessed
that the number of transactions in this area
has increased from 8 billion to 10 billion,
not even 3-5 billion.
Thank you for your answer.
Your answer is related to the third question.
I would like to ask you this question.
In the area around Bich Niem Ward and Canh Duong Ward,
there are some forms of investment,
such as buying and selling houses in large projects
such as Vinhome Urban Area,
Hoang Huy Mall,
Waterfront City,
Viet Kieu Village,
or buying and selling land in residential areas
or in residential areas.
Another form is the development of offices and apartments.
So, according to Mr. Van,
in the future,
what forms of investment
will be effective in this area?
Your answer is quite clear.
In the future,
it is not the type of investment
that I am interested in.
In the future,
I think that when the lower level of convenience
is completed here,
all the real estate that you deserve to invest in
are the real estate with great value
and business development,
such as the shophouse of Hoang Huy project
or Vin.
Especially, the roads,
although they are common,
in this area,
they are worth investing in
because the nature of real estate
and its real value
is business development.
When the lower level of convenience is completed here,
there are many shopping centers
as well as x-shaped convenience,
it will attract a large number of people
who have the conditions
to come and live here.
In fact, many people have already bought land in this area,
but because of the construction problem,
it has not increased quickly.
Also, because some people are still waiting
for the lower level of convenience to be completed,
instead of being where they are now,
they can move to the old place
and buy a new place
to both live and develop their business.
The type of investment in the future,
I think that the type of shophouse
and x-shaped convenience
are worth your interest in investing in.
Thank you for your answer.
Actually, your answer is very insightful.
Because for any project
or any construction,
beautiful locations, special locations
are always beneficial.
And just now,
there were 3 general questions about the market situation.
Now, I will go to some more specific questions
about housing and land projects
that some customers have sent to my fanpage.