Illustrative photo. (Source: VNA)Hanoi (VNA) – Housing demand remains high in Ho ChiMinh City despite impact of the COVID-19 pandemic, according to US-based realestate and investment management services firm Jones Lang LaSalle (JLL).
The total number of the units sold in the country's biggest city in the second quarter ofthis year doubled that of the previous quarter, amounting to 569, 65 percent of which camefrom Manhattan townhouses at Vinhomes Grand Park.
The property primary price during the period climbed to anew record high, at 5,277 USD per sqm, up 35.9 percent year-on-year and 5.2percent quarter-on-quarter, largely owing to the fact that newly-launchedunits were offered at higher prices than the average, reflecting developers’confidence over high demand and supply shortage.
Supply of terraced houses continued to be limited in thesecond quarter as the new launches were less than twice the quarterly averagebetween 2017 and 2018. But it was a positive sign when they increased by 37percent from the first quarter.
The JLL estimates about 1,500 – 2,000 terraced houses willbe launched in Vietnam’s southern hub in the next six months of the year,raising the total supply to 2,500 – 3,000, doubling the 2019 figure./.
VNA
