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CBRE: Real estate around metroline to up prices by 10-20pct

CBRE Vietnam recently released a report to evaluate the influence of the future-formed metroline on HCMC real estate market. According to Marc Townsend, CEO of CBRE Vietnam, as the first metroline in HCMC expects to become operational in 2020, all citizens living and working in the city are eagerly waiting for big and interesting changes provided by the metroline. About real estate sector in particular, he said the market will certainly witness even more outstanding changes. According to the company's experience in other countries, the metroline project will affect the most on real estate value: higher land prices, booms of property projects, retail and office projects being moved further away from the city's heart.