Villa is adjacent in District 9, Ho Chi Minh City

According to the Savills report, in the first quarter of 2017, the eastern districts accounted for 74% of the total number of adjacent villa transactions, especially District 9 accounted for 49% of the total sales of the city.

Specifically, in the first quarter 2017, the whole city. Ho Chi Minh City has 7 new villas / townhouses, supplying about 590 units, bringing the total primary stock to 2,600 units, down 14% quarter on quarter but up 25% year on year.

The East leads the volume of transactions adjacent villas of the whole city. HCM

Absorption rates are 34%, up 1 percentage point on a quarterly basis and 12 percentage points on a yearly basis. The majority of transactions come from new open-ended projects with effective marketing strategies and on-going status quo.

Trading volume was 880 units, down 11% quarter on quarter but up 94% year on year. Eastern Districts accounted for 74% of total transactions, especially District 9 accounted for 49% of the total number of units sold this quarter of the city.

There are 6 new open-plan projects and 1 open-sales project, providing 710 platforms. Total primary stock reached 2,100 units, down 13% quarter-on-quarter and 53% year on year.

About 910 transactions were made in the quarter, down 12% quarter-on-quarter and 23% year-on-year.

For the segment of apartments sold, in the quarter about 5,200 new apartments are open for sale, down 47% quarterly.

Total transaction volume also dropped 13% (reaching 8,800 units). Interestingly, while Class B transactions declined by 35%, Grade C increased by 10% quarter-on-quarter.

Market absorption was about 21%, down 1 percentage point quarter-on-quarter due to lower absorption rates from the A and B segments. The western districts of districts 6, 8, Tan Phu and Binh Tan were middle of the popular segment.

Savills forecasts future supply from the second quarter 2016-2019 at about 62,200. District 2 and District 7 continued to occupy the future supply with about 21% market share.

Grade C apartments have good absorption rates in the HCMC

For the serviced apartment market, a new Grade C project in Tan Binh district has provided 65 apartments for the market, bringing the total supply of serviced apartments in the city. HCM reached 4,600 units, up 2% quarterly and 6% year on year.

Average occupancy also increased by 5 percentage points year-on-year, reaching 87%. The average rent has a corresponding increase (5 percentage points per year). Grade A Averages 32 USD / month, stable on a quarterly basis and up 4% on a yearly basis; Class B 26 per month, up 1% on a quarterly basis and 3% on a yearly basis; Class C $ 17 per month, up 1% on a quarterly basis and 7% on a yearly basis.

Savills said that from Q2 / 2017 to 2019, 12 projects providing more than 1,800 serviced apartments are expected to enter the market and the center will account for 53% of total future supply. In the first nine months of 2017, there will be 540 units entering the market.

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