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HCMC lacks of high-end apartment supply

The whole Saigon only has 392 luxury apartments priced from US$3,500-7,000 per sqm, mainly concentrated in the heart of District 1, accounting a humble rate of only 0.3pct of total apartment supply (nearly 160,000 units), according to CBRE Vietnam. The company's latest report said that high-end apartment segment in HCMC is facing scarce supply. Even so, the company affirmed that the number of high-end and luxury apartments in 2016 may increase by 20pct year-on-year.