App

HCM City’s apartment supply drops in Q1 – Talk Vietnam

You are reading: HCM City’s apartment supply drops in Q1 – Talk Vietnam

HCM City’s apartment supply drops in Q1

vir.com.vn

HCM City's apartment supply drops in Q1
Supply of apartments in HCM City’s primary market in Q1 dropped by 18 per cent year-on-year.-Photo nld.com.vn

According to a report by Savills Viet Nam, the primary market supply was 4,050 units, a drop of 48 per cent quarter-on-quarter and 18 per cent year-on-year.

There were no new projects.

Twenty apartment projects in the city temporarily stopped sales mostly to make price adjustments for the second quarter.

The number of transactions was 3,020, representing a 46 per cent drop quarter-on-quarter, but a 45 per cent rise year-on-year.

Apartments in suburban areas accounted for almost all of the transactions, a vast majority of them in Districts 9 and 12.

Grade C apartments accounted for 80 per cent of transactions and led primary market supply with a 74 per cent share. It was followed by grade B at 23 per cent.

Grades A and B are seeing limited supply and high prices, and are having to compete with grade C apartments, whose quality standards are improving, according to the report.

Prices in the primary market moved up by 6 per cent, with some projects beginning new phases increasing their prices by 10 per cent.

Prices across all grades would continue to rise, the report said.

Those that halted sales to make price adjustments are expected to hike them by up to 15 per cent due to past success.

Troy Griffiths, deputy general director of Savills Viet Nam, said there is a supply shortage and new stock in Q1 was snapped up quickly with the absorption rate being 83 per cent.

“In the near future, additional stock can balance out the supply-demand imbalance.”

While developers are having difficulty raising funds through issuance of bonds and bank loans, foreign investment in Q1 was worth nearly US$2.7 billion, he said.

VNS

  • Cheap fruit floods HCM City streets as exports to China fall

  • HCM City’s 10-month IPI drops 4.7 percent in wake of COVID-19

  • Industrial real estate rents surge in HCM City, Ha Noi

  • HCM City plans extensive urban development along metro route

  • HCM City among cheapest places for US expats: Business Insider

  • HCM City draws up master plan on solid waste

  • HCM City’s CPI up 0.65 percent in October

  • Overseas remittances to HCM City could reach US$5.5 billion this year

  • HCM City named among top ten cheapest places for American expats

  • HCM City targets 1,000 MWp of rooftop solar power at IZs by 2024

  • HCM City’s trade co-operation programme with provinces a big success

  • HCM City real estate market tipped to bounce back next year

  • Industrial real estate rents surge in HCM City, Hanoi

  • HCM City to build science and technology park in eastern innovation hub

  • Industrial real estate rents surge in HCM City, Hà Nội

  • HCM City wants to make its industrial parks smart

  • HCM City makes ambitious GDP plans

  • Vietnam’s biggest bus station opens in HCM City

  • Ballet Kiều to be staged in HCM City this month

  • HCM City: residents swap trash for rice in fight against plastics

HCM City’s apartment supply drops in Q1 have 469 words, post on

vir.com.vn

at May 3, 2022. This is cached page on Talk Vietnam. If you want remove this page,

please contact us

.

Corporate

HCM City

,

HCM City’s apartment

,

apartment market

,

Property

,

hcm city district map

,

hcm city postal code

,

hcm city population

,

hcm city postcode

,

hcm city things to do

,

hcm city vietnam zip code

,

hcm city weather

,

hcm city weather forecast

,

hcm city zipcode

,

hcm city zoo

,

hcm city to singapore

,

hcm city to vung tau

,

hcm city to dalat

,

hcm city to phu quoc

,

hcm city to bangkok

,

hcm city to hanoi

,

hcm city to vung tau bus

,

hcm city to can tho

,

hcm city to nha trang

,

envoys – the ultimate supply drop plugin

Chuyên mục: App

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
444 live app 444 live 444 live app 444live kisslive kiss live yy live yylive