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Housing oversupply

Many speculators, with the majority coming from HCMC, rushed to buy land there due to much lower prices compared to that in HCMC. And now, given the dreary real estate market, such secondary investors are seeking to stop losses by offloading their stocks, but there are few buyers. Even primary investors also find it tough to pursue their projects in Binh Duong. Marc Townsend, managing director of the property market, research company CBRE, noted that Binh Duong as a major industrial manufacturing base is still attracting property investors as the population is rising rapidly, partly owing to surging migration. Thuan An Town close to HCMC, for example, is still a good land for investors, he said.

CBRE Vietnam