Ho Chi Minh City’s property market is predicted to experiencesignificant growth in 2015 as the number of apartments for salecontinues surging, especially within districts 2, 9, Binh Thanh, and ThuDuc, according to CBRE Vietnam.
According to CBRE’s recentmarket research report from the last quarter of 2014, high-end propertysales increased significantly in the reviewed period, especially amongnewly available projects.
Marc Townsend, CBRE Chief executiveofficer, said many domestic investors are taking a renewed interest inreal estate projects as a result of positive and promising marketrecovery signals.
He revealed his firm intends to work with 12leading experts in the field in Southwest Asia who have expressedinterest in entering Vietnam’s property market.
The country’songoing macroeconomic stability, improving purchasing-power andfavourable changes in the Housing Law have contributed significantly tothe market’s recent recovery, Townsend noted.
The lastquarter of 2014 recorded 6,760 new units, a 117.8 percent increase fromthe previous quarter between quarters and 105.2 percent from theprevious year. Progress in the reviewed quarter brought the total of newproperties in 2014 to 14,807 units, 3.2 times the units developed in2013.
The new properties saw a soar in sales, causing theoverall sales rate among high-end properties in 2014 to reach 60percent, with the mid-range properties following at 35 percent.
About15,000 new apartments were available in 2014, setting a record figureover the last four years, according to Duong Thuy Dung, Head of the CBREResearch and Consulting Department.
Currently, investors fromSingapore and the Republic of Korea are working to commence large-scaleprojects in the city, while Japanese investors and joint ventures areseeking locations for their housing projects.-VNA
According to CBRE’s recentmarket research report from the last quarter of 2014, high-end propertysales increased significantly in the reviewed period, especially amongnewly available projects.
Marc Townsend, CBRE Chief executiveofficer, said many domestic investors are taking a renewed interest inreal estate projects as a result of positive and promising marketrecovery signals.
He revealed his firm intends to work with 12leading experts in the field in Southwest Asia who have expressedinterest in entering Vietnam’s property market.
The country’songoing macroeconomic stability, improving purchasing-power andfavourable changes in the Housing Law have contributed significantly tothe market’s recent recovery, Townsend noted.
The lastquarter of 2014 recorded 6,760 new units, a 117.8 percent increase fromthe previous quarter between quarters and 105.2 percent from theprevious year. Progress in the reviewed quarter brought the total of newproperties in 2014 to 14,807 units, 3.2 times the units developed in2013.
The new properties saw a soar in sales, causing theoverall sales rate among high-end properties in 2014 to reach 60percent, with the mid-range properties following at 35 percent.
About15,000 new apartments were available in 2014, setting a record figureover the last four years, according to Duong Thuy Dung, Head of the CBREResearch and Consulting Department.
Currently, investors fromSingapore and the Republic of Korea are working to commence large-scaleprojects in the city, while Japanese investors and joint ventures areseeking locations for their housing projects.-VNA
