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Apartment market in better shape

The apartment market in HCMC has picked up with more apartment sales recorded in the first three quarters of this year. According to the real estate service company CBRE Vietnam, some 3,300 apartments were sold in the third quarter, rising 8.6% against the previous quarter and 94.88% over a year ago. In the first and second quarters, nearly 6,000 apartments found buyers. In its latest market research report, the company said apartment sales in the city increased as home buyers have regained confidence. With the better market situation, the primary and secondary markets saw apartment prices in the third quarter edging up 1-4% over the previous quarter and 1.2 – 5.4% compared to the same period last year.

 

CBRE Vietnam