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Vietnam Real Estate Market Insights Q1 2016
 


Vietnam Real Estate Market Insights

 

 

Q1 2016

In this issue
 
 

CBRE notices dynamic activities across most sectors in the Vietnam real estate market. FDI into Vietnam reached more than USD4 billion, of which 6% went into real estate, equivalent to 11 newly licensed real projects with USD239.8 million.

 

The condominium market started 2016 with a strong increase in new supply, totaling 7,708 units, mostly from the affordable and mid-end projects. Developers were confident to push prices up to US$2,029 psm and yet, sales momentum remained bullish. Q1 reported an estimated 9,090 sold units, up by 27%. High-end segment witnessed the largest sales volume (41%), followed closely by mid-end (39%).

 

On the other hand, the second home market continued to grow in coastal cities, especially Nha Trang and Phu Quoc.

 

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