Vietnam report on HCM real estate Q12018 (Savills)
Vietnam report on HCM real estate Q12018: Record-breaking new supply on apartment sector, and more information of the market. Contact us for a full report.
APARTMENT: RECORD-BREAKING NEW SUPPLY
Over 10,500 units from 13 new projects and the next phases of nine active projects were launched. Primary supply declined -13% QoQ and -32% YoY to 28,600 units.
Soft performance across all grades gave a total of 13,500 sales, decreasing -11% QoQ but increasing strongly 51% YoY. Grade C sales still dominated the market, with 62% of total sales. Absorption at 48% was up 1ppts QoQ and 26ppts YoY.
Till 2020, supply is expected to be more than 122,000 units from 93 projects. District 9 is expected to provide the largest share with 32 percent. Grade C is estimated to have the highest proportion, 61% of future supply.