HCMC REAL ESTATE PRICE IS FORECASTED TO CONTINUE INCREASING
It is forecasted that the supply of apartments in Ho Chi Minh City will be limited next year. The primary price will continue to increase by 5-10% per year in the mid-end segment and increase sharply in the high-end segment.
The leading factor affecting real estate prices in Ho Chi Minh City in the near future is the investment in transport infrastructure. In Ho Chi Minh City, projects located along the Metro line have increased selling prices.
The second factor is that the supply in 2020 is forecasted to be not as abundant as expected in the situation of remained inventory and real estate credit is under control.
Available land fund in ideal locations is now limited, real estate developers will aim to develop higher quality products. The record of low supply of new apartments is driving up prices in all segments.
In 2020, there will be 4 trends leading the apartment market, including:
- Urban areas around the city will be the main source of supply.
- The absorption capacity of the market is still good in the context of stable selling prices.
- Real estate developers focus on diversifying new products and on convenience of residents and maximize the area of use.
- Connecting inter-provincial infrastructure, between Ho Chi Minh City and Dong Nai, Binh Duong and Long An.