Vietnamplus

Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices.

Investing in apartments to capture short-term gains has not been attractive to investors due to high prices caused by limited supply, according to experts.

Real estate business and housing construction in Ho Chi Minh City have been hit hard by the COVID-19 pandemic, with significant decreases recorded in supply and demand, according to market watchers.

Vietnam’s real estate market will see strong development in the middle-end apartment segment, according to experts.

The affordable apartment segment will be the star of the property market in the coming years, but its supply is increasingly scarce while the demand for this type of apartment remains high, according to an analysis by property services firm CBRE Vietnam.

HCM City’s apartment segment witnessed high absorption rate in the first quarter of the year despite the long Tet holiday and abundant supply, the property service provider CBRE said on April 3.

The mid-priced apartment segment in Ho Chi Minh City is developing strongly with demand and supply and liquidity all looking up, especially in the eastern part, experts said.

The real estate sector reported a reduction of nearly 3.4 trillion VND (152.5 million USD) in inventory in April, from the previous month, to an estimated value of 41.5 trillion VND (1.86 billion USD)