Will the earthquake disaster in Myanmar cause the Vietnamese apartment market to decrease in price?

The earthquake of over 7.0 on the Richter scale in Myanmar with negative forecasts of the risk of new epicenters not only caused great damage to the disaster-stricken country, but also gave domestic investors an excuse to "steer" the apartment market. There were real estate brokers whispering to customers: buying an apartment now is not the most suitable choice, they should return to ground-level houses... But this number is not much, because apartments are still the most suitable choice in urban areas. Moreover, apartments and high-rise buildings in Hanoi, Ho Chi Minh City and other large cities are all designed according to TCVN 9386:2012, with the requirement that the building can withstand earthquakes of about 5.5 - 6.5 on the Richter scale.

The discovery of 40 gold mines with reserves of nearly 30 tons in the Northwest region is also expected to have an impact on the gold market, which is in short supply. The amount of gold exploited will help reduce the tension caused by the scarcity of raw materials for processing. Over the past 13 years, since the implementation of Decree 24/2012/ND-CP, every time the gold price fluctuated abnormally, the difference between buying and selling or domestic and international prices was unreasonable, people used the excuse of "imbalance of supply and demand", the demand was too great while raw materials were not imported. However, with just one move to sell gold at the price set by the State Bank, those reasons suddenly disappeared.

After the earthquake, will apartment prices drop sharply?

Financial investment requires sobriety amid the wave of information

The shortage of raw materials for gold production is real, leading to the supply mainly depending on the amount of gold people sell. With current business conditions, gold shops tighten the purchase of gold from customers, only buying their own gold to sell or gold from other brands with clear documents proving its origin. Along with that, the psychology of people wanting to store gold when the price increases every day, making raw gold even more scarce. The discovery of 40 gold mines with reserves of nearly 30 tons in the Northwest region will help the source of raw gold become more abundant, so that the domestic gold price can be brought closer to the world price. But that is a story of the future.

Gold, stocks and real estate are particularly sensitive markets, easily affected by external news. But despite the discovery of nearly 40 gold mines with reserves of nearly 30 tons, domestic gold prices are still fluctuating according to world prices. Meanwhile, apartment prices have not cooled down, as the segment under 30 million VND/m2 has almost disappeared from the market. Only the stock market can cause hundreds of stocks to "fall to the floor" because of an unverified arrest. On the contrary, the good news that VFS is listed on the US stock exchange has caused dozens of stocks to hit the ceiling.

When participating in the stock market, investors must accept living with rumors and be steadfast in order not to make hasty decisions. As for real estate or gold, investors need to soberly consider profits and risks to avoid unnecessary losses.

According to VOV

Source: https://baothanhhoa.vn/lo-so-dong-dat-va-phat-hien-40-mo-vang-co-khien-vang-va-chung-cu-giam-gia-244388.htm