The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce, according to property consultant DKRA Vietnam Joint Stock Company.
Data from Savills showed that apartments priced at 4 billion VND (160,950 USD) or more accounted for 70% of the number of those sold in the first nine months of 2024, a sharp increase from 2% in 2020.
The supply of affordable and social housing in Ho Chi Minh City continued to be far below the demand due to a shortage in the segment in the first sixth months of this year.
Despite certain difficulties facing the property market, there remain numerous opportunities for investors to earn money from real estate stocks, according to insiders.
Prime Minister Nguyen Xuan Phuc has recently issued Directive No.11/CT-TTg on several solutions to promoting stable and transparent development of the property market.
More than 10,000 apartments were put for sale in Ho Chi Minh City in the second quarter of 2016, of which just over 5,800 units were sold, according to property service firm CBRE Vietnam.
Though there is no sign yet of the price "fever" that periodically marks the Vietnamese property market or a bubble, the market remains a hot topic for analysts and the media.