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More supply, but not cheaper

According to CBRE Vietnam’s latest report, in Q3 2016, HCMC market recorded over 8,000 new apartments from 23 projects, including 13 newly-finished ones and 10 next-phase ones. Notably, new supply of mid-ranged segment accounts to the highest rate (about 68pct), following by high-end segment with 29pct total supply. Duong Thuy Dung, Head of Research and Consulting at CBRE Vietnam, said that contributing the most in the segment are projects developed by experienced property investors with suitable sales strategies and payment methods, as well as strong salespeople to increase absorption rate.