High-end segment to continue driving HCM City apartment market
The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce in HCM City, according to property consultant DKRA Vietnam Joint Stock Company.
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| The high-end segment in HCM City apartment market reached a new price level. (Photo: tripsavvy.com) |
According to the company’s report on the housing market in HCM City and surrounding provinces in 2021, there were 41 apartment projects with about 21,138 units, mostly in HCM City and Binh Duong province, entering the market. They sold 17,122 units.
In HCM City, supply and demand decreased sharply from 2020 and fell to the lowest levels since 2015.
Luxury apartments in the city reached new price levels of nearly 400 million VND (17,555 USD) per square metre.
According to another real estate service provider, Cushman & Wakefield, 25,000-30,000 new apartments are expected to enter the market in HCM City this year, mostly in the luxury and high-end segments.
The supply would mostly be in the new Thu Duc City, and online sales channels would remain popular.
(Source: VNA)
