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The number of apartments for sale in HCMC increases sharply

Over the past 3 months, HCMC saw over 1,700 apartments offered for sale, up 45.8% from the previous quarter and 11.6% from the same period, of which, the supply of low-range apartments accounts for the highest rate, according to CBRE.

 

Of 1,726 apartments launched to the market in Q3- 2013, the low-range segment accounted for 72.4%, high-end apartments reaching 21.1% and low-range housing reaching 6.6% and there were no new projects offered in the luxury segment.

 

CBRE’s managing director Marc Townsend said the skyrocketing number of offered apartments showed developers’ confidence partly revived. The efforts to adjust products to offer more reasonable selling price have gradually been accepted in the market. Marc also said in the coming time, the supply of apartment was expected to continuously increase and the market started seeing positive signs of recovery.

 

 

Source: Click here to view detailsIssue date: 04/10/2013 – Writer: VŨ LÊ