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Property bubble: History hard to repeat

The real estate market supply in many segments up to year-end 2015 is estimated to reach 60,000 units, and 200,000 units in 2017. Property credit is also following sharp upward trend, and speculation has begun to return to the market. These are signals warning about the probability of a new property bubble like one in 2007-2008. However, from the view of an analyst, Marc Townsend, managing of CBRE Vietnam, affirmed that it was still too soon to say another property bubble will happen, because the current market is completely different from its former self.