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CBRE: The real estate market is warmed up

“On April 01, CBRE made announcement of the warmth of the housing and apartment market in HCMC in Q1-2014. This was symbolized by the number of projects advertised in the press, which strongly soared in March 2014. Advertisements of apartment projects in District 9 are much available thanks to HCMC-Long Thanh-Dau Giay expressway.


Homebuyers are returning to the market in hi-end apartment segment and lower apartment segments. According to statistics by CBRE, around 2,600 apartments were sold in Q1-2014, a 9.8% quarter-on-quarter increase and a 92.2% year-on-year increase in sales.


The number of apartment offered for sale in Q1-2014 also rose, with 1,887 units, up 140.7% from the same period last year.


According to CBRE, offering price of primary apartments will be kept stable while offering price of secondary apartments may continue reducing. ”


Source: Thanh Nien