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CBRE: housing market is transforming

On March 19, CBRE Vietnam released a report, saying that Vietnam housing market is going through a strong transformation. With young, active population and urbanization rate of 3pct per year, Vietnam currently has very high housing demand, especially in major cities like Hanoi and HCMC. According to CBRE, apartment projects are currently golden-egg-laying gooses of property developers thanks to high housing demand and strong capital-return. However, the boom of projects and a large supply of incoming finished apartments cause worries about pressure on secondary market and apartment-for-hire one. Additionally, CBRE said the real estate market this year have many positive signals, such as: rapid-growth economy; stable interest rate and inflation rate in recent years and incoming years; domestic property investors earn more experience and finance to develop apartment projects.