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Apartments in Hanoi: Rise of mid-end segment

At the press release to report about Hanoi real estate market in Q2-2016, Marc Townsend, Managing Director of CBRE Vietnam, said that the housing prices in the city is growing fast year-on-year, in which the prices of commercial apartments (B Grade – mid-end apartments with prices ranged from VND20-30mln per sqm), see the strongest increase. The company's research showed that housing prices in Hanoi is increasing and will continue to do so up to late 2016, through 2017, and finally slowdown in 2018.