Despite an expected oversupply in 2017, high-end and luxury apartment development in Ho Chi Minh City is still on the rise.
Regardless of global uncertainties, domestic policy changes and market fluctuations, Vietnam’s real estate market will continue growing in 2017 thanks to a plethora of driving factors, according to Associate Professor Tran Kim Chung, deputy director of the Central Institute for Economic Management (CIEM).
The Ha Noi real estate market saw strong development in the condominium, villa and townhouse segments in the fourth quarter of 2016 and experts predict further growth this year.
Since its launch to market in March 2016, Luxury Apartment has attracted attention from international and domestic visitors. This is one of few apartment projects in the central city of Danang that can fulfill even the most critical investor’s requirement for quality and progress.
The focus of development for HCM City’s property market shifted from the south to the east last year, experts said.
The State Bank of Viet Nam (SBV) will keep the interest rate of the VND30 trillion (US$1.32 billion) preferential credit package for low-income homebuyers at 5 per cent in 2017.
A number of resettlement apartment blocks have been standing deserted in the capital city for many years now.
SonKim Land Corporation has announced its completion of calling for international investment capital in 2016.
While there is no shortage of upscale villa projects for the elite in Vietnam, SonKim Land is the first developer to introduce sky villas in the heart of Saigon, where the space and grandeur of traditional villa housing meets the stunning panoramas and downtown location of a cosmopolitan penthouse. The new Serenity Sky Villas are a beautiful introduction to this concept.
Affordable housing is expected to take the lead in the local property market next year, on account of rising demand.