Chủ đề: Apartments

According to a CBRE report, the total supply of apartments in the center of Ho Chi Minh City during 2021 fell sharply compared to previous years, standing at 13,000. The lowest supply is seen in landed housing. High demand has pushed up the price of villas and houses in the city center.

The Prime Minister has signed Decree No. 69/2021/ND-CP, effective from September 1, on the “Renovation and reconstruction of apartment buildings”, replacing Decree No. 101 from 2015. According to the Ho Chi Minh City Real Estate Association (HoREA), more than 2,000 old apartment buildings around the country that are 50 years of age or older are in need of renovation or reconstruction and the endeavor will be costly.

Apartments have been receiving the most attention in Vietnam’s real estate market in recent times, despite the impact of the pandemic, with high absorption rates coming from high demand for housing and investment. Apartment prices, however, are facing rising pressure as supply has been falling.