Property in second half of 2019: How have homebuyers' minds changed?
Property in second half of 2019: How have homebuyers' minds changed?
The real estate market in the first months of 2019 slowed down in both supply and transactions, but entering the second half of 2019, products from approved projects are expected to bloom. Changes in the real estate market also affect the mindset of buyers.
With diversified market , homebuyers are facing many choices. These things may lead to a change in the way people buy houses.
Choose a project that has been formed
Many homebuyers in the market have encountered the pain of "buying on paper", "lagging handover" or "project quality fall short of commitments" – problems that have been making homebuyers wary of projects that have not yet been formed. That is why projects that have been formed for visual check have become a preferable option to the majority of customers in order to avoid unexpected risks and quickly put the investment into the profit cycle.
Therefore, the projects that are about to be topped out like King Palace are of particulary interest and are favoured by homebuyers. With impressive construction speed, King Palace is expected to be topped out in August 2019. Customers can now visit the project to evaluate its scale, design quality, and progress.
At the same time, customers can visit the show flat on site to directly experience the living space as well as the value they will receive when buying a King Palace apartment.
Multi-bedroom apartment: New trend bedroom
According to CBRE Vietnam, transactions on the real estate market are shifting to large apartments with many bedrooms. In 2018, the proportion of buyers of apartments with the area of over 90 square metres accounts for 60 per cent, while only 30 per cent of people choose to buy smaller apartments of 60-90sq.m.
In fact, most first-time homebuyers often choose apartments from one to two bedrooms. However, after only a few years, they want to move to a larger, more spacious apartment which is more convenient to live in.
Therefore, in recent times, three-bedroom apartments are the most popular choice among homebuyers. This also explains why apartments at King Palace are so favoured by customers.
King Palace is a special project, not only because of being in the centre of Thanh Xuan district on the radial route of Nguyen Trai, but also due to the diversity of apartments in the project. King Palace apartments consist of 2, 3, 5, 6-bedrooms with flexible area of 80-259sq.m, all are designed in a modern and luxurious style, optimising all uses.
The diversity of apartments and flexible areas meet all needs and use purposes of customers. King Palace apartments can satisfy many types of customers, from young to multi-generational families looking for a comfortable living space to those looking for investment opportunities from rental apartments.
Safety first
Heartbreaking lessons from fire or security-related incidents at apartment buildings have made homebuyers put safety as the leading factor when deciding to buy an apartment.
At King Palace, fire safety systems are invested with the world's most intelligent, modern equipment, strictly complying with NFPA (stringent standards set by National Fire Protection Association department).
Each apartment is equipped with IP Fire Alarm System and PA IP system. King Palace's security system also possesses rare features such as being controlled by CCTV IP system; magnetic cards to open each apartment and to use the elevators; 24/7 security and reception service, as well as IP video phone systems to ensure privacy and security for all residents.
Along with the above trends, the real estate market in the second half of 2019 will feature many opportunities and challenges. Projects that meet the new standards of homebuyers will be successful in the sprint in this period.
