positive liquidity, housing prices in hcmc to increase slightly

The Housing and Real Estate Market Bureau has just announced the real estate market situation in HCMC in August 2017.

According its general assessment, in August, real estate market in HCM City remained stable with about 1,400 successful transactions. The price increases slightly in the segments of small affordable apartment, ground land, villa, townhouse. Successful transactions are largely concentrated on apartment projects.

The survey also showed that in the past time, there has few new projects were launched and sold during this period. The market’s supply is still concentrated in the middle and high end segment and from the projects to be launched in late 2016 and early 2017 while the supply of social housing and affordable housing is still limited, although this segment attracts a lot of customers.

The real estate market in HCM City maintains stable trading volume with many apartments, villas and shophouses project sold in District 7 such as Jamona Gold Silk, Phu My Town, Hung Phat Silver Star, Sunshine Riverside …

In the eastern part of the city, besides the land ground segment which still maintains large transaction volume, apartment, villa and shophouse segment also saw an increase in transaction volume compared to previous months such as Palm City, Feliz en Vista.

The land fever in the area near district 9 has terminated, land prices in this area have stabilized, the transaction number has not increased suddenly as previous time. For affordable housing segment, no new projects are open for sale.

In terms of price, the selling price of real estate fluctuates for each type of real estate. For medium and high-end apartments with favorable location, good progress, reputable investors, prices are still relatively stable, prices in some areas have increased slightly.

Due to low supply, the selling price of small and medium-sized affordable increased 1-2%, especially in the secondary market.

For the land ground segment, villas and townhouses, prices have increased slightly in the suburbs such as District 9, District 12, Thu Duc District and some areas in bordering provinces such as Binh Duong, Dong Nai.

The individual residential segment in urban areas also receives a lot of great interest, housing prices in districts such as Go Vap, Tan Binh, Binh Thanh increased slightly.

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

In a similar report, Savills Vietnam said that as of July, 2017, real estate market situation in HCM City is relatively positive. In which, the market liquidity was quite impressive with trading volume up 33% quarter on quarter and 67% year on year. In second quarter of 2014 only, with nearly 11,600 consumed units, the transaction has reached its peak since 2011 up to now.

Of which, the average housing segment has the highest absorption rate of 37% and accounts for 64% of the total transaction volume.

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