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Luxury and high-end apartment segments cooling, large shifts in 2017 as more businesses join the affordable housing segment

At the press conference to review Q4 2016 of Hanoi real market and potential in 2017, CBRE said Q4 recorded the peak of both numbers of apartments launched for sales and of new projects. Accordingly, 9,128 apartments were sold at 34 projects in the whole city. The Western area continued to be the main supply with 37pct of the number of apartments. Nguyen Hoai An, Director of Professional Services at CBRE Vietnam, said: “In 2017, the real estate market witnessed price rising in apartment segment. However, the average price increase rate of the whole market is only 3-5pct.”