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Can tightening property credit prevent bubble?

According to CBRE Vietnam, in 2016, HCMC will see over 45,000 apartments from 90 projects launched for sale. Combining with nearly 42,000 units launched for sale in 2015, HCMC has a very abundant supply. However, the number of apartments that have residents moving in does not even reach 50pct of the number of successfully sold apartments. This shows that the number of speculators still has high ratio. These people are waiting for apartment prices to increase in order to sell, as they are facing pressure from banking interest rates.