A desire to breathe fresh air and relax brings many people to satellite ecological urban areas teeming with trees and river to settle down, elevating growth prospects in these areas for real estate during and after the pandemic.
The COVID-19 pandemic has changed the appetite of homebuyers looking for an ideal living environment. They want to find a private, balanced, and healthy space close to nature to restore energy and spirit after stressful days. Since the COVID-19 outbreak, this has become a common trend in many countries around the world.
Angela Sicoli, a Century 21 broker-owner in Nutley and president of the New Jersey Association of Realtors, said that, “The demand for homes is so high throughout the periphery states, mainly from urban dwellers. This is the trend to move away from urban living and seek refuge in the suburbs.”
On the same note, Rob Norman, president of Coldwell Banker Realty, headquartered in Madison, said that, “People are looking to open their borders a little because they’re not going to the office as much. As people spend more time at home, they recognize they need more dedicated space for living, working, and relaxing.”
Thus, buyers are looking for amenities like park-like yards, walkable neighbourhoods and a desirable community, he said.
In Vietnam, due to the impact of the COVID-19 pandemic, there has been growing demand for living places that are airy, fresh, and close to nature.
According to data by market research firm DKRA, despite being affected by the pandemic, the absorption rate of townhouses and villas in the southern region increased by 2.7 times in July 2021 compared to the previous month. In particular, the east of Ho Chi Minh City with the focus of Dong Nai account for a large proportion of both supply and demand. The absorption rate reaches 92 per cent thanks to developed infrastructure and improved connectivity with many highways and Long Thanh International Airport.
Thus, distance is no longer an obstacle for homebuyers looking to get out of the city. In particular, the living space in suburban areas has been improved to meet the demand of genuine homebuyers from quality environment to comfortable and healthy ecosystem. According to experts, this trend will continue even after the epidemic is brought under control.
Aqua City, a smart ecological township in the east of Ho Chi Minh City, has made a big splash in the market thanks to its rare ecological advantages, synchronous planning, and complete amenities. It is expected to be put into operation in 2023. However, a series of amenities have been gradually completed to serve the needs of investors and future residents. Aqua Marina with an European-style square with a capacity to welcome more than 10,000 people as well as an international standard marina with a capacity to handle hundreds of yachts. A 1.4-hectare commercial centre, a 6-star Cineworld cinema complex, more than 2-hectare multi-purpose sports centre, and other amenities are all ready to welcome guests by the end of this year.
Besides satisfying the increasing needs of resort living, the reputation of the Novaland brand and NovaGroup ecosystem also ensures the ability to create and increase product value for investors over time.
According to experts, the need to own an ecological living space in harmony with nature will continue to grow, especially when the COVID-19 pandemic is no longer a threat. Thus, the trend of safe living with the family and a sustainable green lifestyle is increasing day by day. This is also the reason why smart eco-urban projects are always a spotlight in the market.
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The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.