Ho Chi Minh City’s real estate market saw a strong increase in the number of transactions in the ground segment in the fourth quarter of last year, up 228 percent and 43 percent against the previous quarter and the same period of 2012, respectively.

According to a survey on the property market conducted by Savills Vietnam Real Estate Company , the lower price and flexible use of the segment are the main factors behind the demand surge of buyers and investors.

In 2013, more than 800 ground areas were on offer in the city, 11 percent higher than 2012, while only 120 villas sold to the market, decreasing by 18 percent compared to the previous year.

In the segment, three new projects have been introduced to customers, supplying more than 430 ground areas, raising the total number of areas on offer to 1,200 – an increase of 93 percent compared to the previous quarter.

According to Savills Vietnam, Phu My Hung New Urban Area predominated over others in the segment. The prestige of the investor and the ideal living environment helped the area attract customers.-VNA