Owning 700 million, where to buy land? Where should I buy a house with 700 million? ? In recent years, the real estate market is considered to be quite active. Investors continuously launch quality housing products to the market. However, for middle-income people, it is quite difficult to own a house in Ho Chi Minh City. So, if there is 700 million, where can I buy a house in Ho Chi Minh City?
There are 700 million where to buy a house in Ho Chi Minh City. Ho Chi Minh?
The people living in Ho Chi Minh City are increasing every year, the land fund is also gradually scarce. For people with high incomes, owning luxury apartments is not a problem. However, with today's society, the gap between rich and poor is not strange anymore. For families whose income fluctuates less than 20 million VND, this must be a big challenge.
When you have 700 million, where to buy a house is always a concern of many people. Many people have contacted brokers to search in areas such as Go Vap, District 12, Binh Chanh, Hoc Mon, etc. to find a house, but only received a shake of the head.
According to a director of a real estate brokerage floor in Hoc Mon, with 700 million a few years ago, it was still possible to buy a house of about 30-40m2. But in recent years, when the housing fever increased rapidly, the average increase was from 80 to 230%. The houses of about 30-40% in these areas are also priced at over 1 billion dong.
This proves that buying a house with 700 million is quite difficult. So what will be the solution to the problem of having 700 million where to buy a house?
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The plan to buy a house with 700 in the city. Ho Chi Minh
Buy an old apartment
If looking to buy a house for 700 seems impossible, then you can switch to looking to buy old apartments for about 700 million. However, the number of cheap apartment projects, with apartments of 700 million VND with full utilities, will not be much. One of the cheap apartment projects that you can refer to is Samsora Riverside. This is one of the apartment projects that are receiving much attention in the east of Ho Chi Minh City.
Old apartment for about 700 million that you might be interested in like An Binh apartment in Thu Duc. With the price of about 18 to 19 million/m2, with the amount of 700 million you can buy a house from 34-40m2, suitable for young families.
Looking to buy a townhouse in the suburbs
In addition to the option of buying cheap old apartments in the inner city, with 700 million you can also choose houses in the suburbs of Ho Chi Minh City. Typically in some areas such as Binh Duong, Binh Phuoc, Dong Nai or Long An... The price of land and houses in each area can range from 10 to 20 million per m2.
In these areas you can buy pre-owned homes for sale. Or you can buy plots of land and then build a small house. To build a spacious house, you can borrow more capital from the bank or from relatives.
Experts often advise that, when buying a house in the suburbs, it is necessary to pay attention to two factors that are regional security and legality. You need to carefully study each land plot separated from the red book, carefully consider their legality. It is better to make a contract with the seller, so you should always do the red book for the buyer, absolutely not hand-in-hand transactions. Second, if the area has poor security, you need to strengthen your defenses to ensure safety in emergency situations.
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Close-up of a series of high-class apartments suffocating more than 3km of roads in Ho Chi Minh City
Epilogue
With 700 million, where to buy a house in Ho Chi Minh City is indeed a difficult problem. Instead of owning the whole house, you can also accumulate or borrow money from a bank to invest first. Hopefully, the sharing in this article can help investors in deciding to buy a house or buy land with a capital of 700 million.
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