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Real estate market consultant CBRE has just released a report on the focus of the real estate market in quarter 1-2018.
Accordingly, in the first quarter of 2018 the market added more than 9,500 apartments (up 79% over the same period last year). Investors started selling products after a delay to study market conditions throughout 2017.
Of this, the mid-end segment accounted for 71% (compared with 32% in the first quarter of 2015) showing a strong shift of markets to meet buyers’ demand for accommodation and laying the foundations for growth. lasting. In terms of location, the apartment market in HCMC continues to expand to the East and South in District 2, 7 and 8.
According to this report, the price on the secondary market (investors buying and selling back) of the project in Ho Chi Minh City increased. Specifically, villa sales increased 35% quarter-on-quarter and 37% year-on-year. House prices rose 21% quarter-on-quarter and 35% year-on-year.
Meanwhile, most notably the shophouse (commercial townhouses or ground-floor apartments in the project) has the strongest fluctuations. This group of properties has risen 59% quarter-on-quarter and soared to 261% year on year secondary market.
The statistics show that the supply of real estate (houses attached to land) in Ho Chi Minh City is quite limited. In the first quarter of the year, only 4 projects were offered for sale in the city, but the investors were only dropping their products with the most exploration, with 339 units and the smallest of 50 products.
However, due to the specific source of goods launched into the market quite a few (only 635 units were launched in the first quarter), the holders do not “release” the goods because they are expected to increase prices in the future. This is also one of the reasons pushed prices in the secondary market increased dramatically due to scarcity of supply.
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