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While luxury apartment market is struggling to “push” commodity, soft-priced projects are attracting customers back and bustling buyers.

Recently, in a meeting with the HCM City Department of Construction about the implementation of the plan to implement the task of 2017, Vice Chairman of Ho Chi Minh City People’s Committee Le Van Khoa has asked the department to develop a research project to prevent “Bubble” real estate as well as the imbalance of supply and demand.

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

Khoa said: “Currently the number of high-grade houses in the city of excess, lower or lower is not serious. Accordingly, the Department of Construction must adjust this situation in 2017 “.

The projects in the West, the direction of Binh Tan District, District 6 … although the number of projects is not much, most focus on soft segment apartments. Therefore, the market in this area is more active and the demand for real estate buyers to find more.

According to Mr.Hieu, the exclusive distributor of DKRA, the project of Summer Square, District 6, Tan Hoa Dong (30 m), one of the main roads in District 6, connects directly to Kinh Duong Vuong – Hong Bang, a vital traffic route for people to move from the western gate to the central districts

On Kinh Duong Vuong Street, Hung Thinh Land’s Moonlight Boulevard project also launched with 656 apartments priced at VND1.2billion/ each unit.

In addition, the Diamond Lotus Lake View project owned by Phuc Khang Real Estate Company (Phuc Khang Corp) is also attracting the special interest of home buyers. This is a project developed by Phuc Khang in accordance with the green standards Leed (USA) for the first time in Vietnam.

Mr. Nguyen Nam Hien, General Director of Hung Thinh Land, said: “The population density is high, most of them are young laborers, the ability to spend abundant, infrastructure is being completed, large satellite utility … are important factors that make real estate in the west more developed in recent times. Moreover, the apartment segment is affordable to meet the real needs of customers. And this is the factor that helps the real estate market develop sustainably.

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