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HCMC – The trend of shifting to the West

In Q1-2016, the real estate market in West Saigon becomes livelier and accounts to 11pct of total new supply, reflecting the trend of moving westward of some property investors, thanks to cheaper land prices. CBRE Vietnam forecasts that the average prices of the market will continue to improve in upcoming time, thanks to high-end projects in the central areas of HCMC, including Madison, Vinhomes Golden River and Saigon Me Linh Tower, etc. According to Marc Townsend, affordable and mid-end housing segments will continue to lead the housing market, especially with apartments priced from VND1.5bln.