Home   »   Property News   »   Apartment price in HCMC is on downward trend
Apartment price in HCMC is on downward trend

According statistics released the property consulting firm CBRE, the apartment market in HCMC in 2nd quarter 2014 was significantly improved in both liquidity and price tendency. In accordance, the market witnessed the sale of projects in all three segments (low-end, mid-end and high-end) with 3,210 apartment units, up by 70.pct quarter-on-quarter and 140,7pct year-on-year. Especially, most of home-buyers preferred apartment projects that were on schedule with finished or nearly project accounting to 72pct apartment transactions. Despite that the transactions increased, apartment price was on a strong downward trend to about VND15 million per sqm, at price threshold that can get supported from the VND30 trillion housing package and new the Ministry of Construction’s new regulation on apartment size measurement.


Source : Bizlive