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Real Estate Market 2018: Mid-end, low-end apartment will be the main focus

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In 2018, condominiums are expected to remain the key segment of the real estate market with strong growth in both supply and demand.

Overview of apartment segment in 2017

According to data from the report in 2017, the supply in the segment of apartments in Ho Chi Minh City is 31106 units with more than 64% in the segment of middle-class apartments at prices ranging from 18-34 million VND / square meter, up to 24% compared to 2015). These growth figures show a strong market shift to create sustainability, as well as meet buyer demand.

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Mid-end apartment segment in major cities

For the Hanoi real estate market, the total number of new apartments offered for sale is up 16% in 2017 compared to 2016. In particular, the mid-end and mid-end segment occupies overwhelming 80% New supply. The number of successful transactions in the year also increased more than 12% compared to 2016.

Residential apartment, apartment will continue to be the focal point of the real estate market 2018

>>>See more information about the real estate market here: Vietnam real estate market

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More and more medium-sized projects are meeting the financial needs of the majority of people

In 2018, housing will continue to be the focus of the entire real estate market. In particular, the mid-end segment is expected to account for a large proportion and will have a slight growth in the luxury segment. In addition, according to experts predict, real estate market in the South will be more bustling, exciting than the North. Supply and demand in large cities such as Ho Chi Minh City and Hanoi will continue to increase sharply and of course focus on the popular / medium segment. As many years ago, people with medium to medium income families were finding it hard to own a home. The problem is too difficult because more and more housing projects are being deployed towards people with real needs as well as meeting the financial capacity of the majority.

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Real Estate Market 2018: Mid-end, low-end apartment will be the main focus
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