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District 2 continues a golden land to investors

According to CBRE Vietnam’s report on HCMC real estate market in 2nd quarter 2014, the sales was improved thanks to more transparent regulations on housing credits, encouraging property investors to launch more projects. Noticeably, investors, especially ones that do not have many finished projects, only launch the sale of projects which has been finished up to a few floors instead of only the foundation, showing the understanding of investors on home-buyers’ “See – Feel – Buy” mindset. Currently, apartment price has become more reasonable compared to last year, which is about below US$700 per sqm – a price threshold that is supported by the VND30 trillion housing package, mid-end and high-end segments also have price increased by 0.8 to 1.8pct year-on-year due to lacking of prime locations. According to Duong Thuy Dung, research and consulting services associate director at CBRE Vietnam, the market is forecast to continue its upward tendency with stable price, and District 2 will continue to be an attractive destination for both property investors and high-budget home-buyers.