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HCMC new apartment prices rise, secondary market treads water By Trung Tin May 6, 2021 | 10:56 am GMT+7 Apartments in Thu Duc City in HCMC. Photo by VnExpress/Quynh Tran. Apartment prices in the primary market in HCMC increased by 14.6 percent year-on-year in the first quarter, but stayed the same or even fell in the secondary market. Real estate consulting firm CBRE said that the average price of new apartments was $2,219 per square meter. Colliers International, another consultancy, said in the eastern part prices have risen 7-9 percent year-on-year since the establishment of Thu Duc City last January. CBRE forecast a further rise of 1-4 percent in prices in the city’s primary market this year. ....
Predominance of luxury housing sparks doubts about sustainability By Trung Tin May 5, 2021 | 09:00 pm GMT+7 An artist’s impression of a luxury apartment project in District 1, Ho Chi Minh City. Photo courtesy of Keenland. An increase in the number of luxury apartments this year has sparked fears of oversupply and market unsustainability. The luxury segment accounted for 39 percent of total apartment supply in HCMC in the first quarter, and the high-end segment for 20 percent, according to data from real estate consultancy CBRE. Even half a decade ago luxury housing had accounted for a mere 1-2 percent of the market. The first quarter also saw the highest ever price for an apartment of $18,000 per square meter and the emergence of branded residences or luxury apartments associated with international management brands. ....
HCM City sees high growth in east and west Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 13/12/2020
16:35 GMT+7 HCM City is expanding in the eastern and western parts of the city with more high-quality living spaces being built. The east JLL has reported that real estate prices in HCM City continue to rise. Villas have seen prices climb to a new high of VND127 million per square meter, a sharp increase of 36 percent over the same period last year. The urban areas in the suburbs have become new destinations thanks to their good transport infrastructure and reasonable prices. ....