Saigon (Ho Chi Minh city) real estate market in the second quarter of 2015 has just been closed and show many signs that a recovering market again after a long period of crisis. This conclusion is compiled from famous researching companies CBRE and in the near future, the real estate market of Saigon will keep this upwards trend and showing more positive signs for both Vietnamese and foreign investors.
In the real estate market in the second quarter of 2015, there are nearly 10.a000 apartments including old and new projects are sold out. That is the new record of the developing market.
According to CBRE reports, there exists an interesting changing from the hi-end segment to luxury segement quite much. In the quater second of 2015, number of hi-end segment is 2.800 and in the luxury apartment segment is 5.800, nearly double. In this period of time, the number of luxury apartments opened to sell has marked as second record during history of Ho Chi Minh City market. Total number of apartments are mostly in the estern region of the city, approximate 4.500 including: Estella Heights apartment (2nd stage of Estella), The Krista apartment (2nd stage of ParcSpring), Vista Verde, Gateway Thao Dien, Sarimi apartment in Sala Premium Residence, Landmark building 1, 2, 4, 5 of Vinhomes Central Park Project of Vingroup.
Sala Sarimi apartment is one of the hottest properties in District 2
Saigon Real Estate market goes up not only by the number of apartment sold out but also in the increasing price. The second stage sell with higher price than the first stage. Selling price in secondary market go up 3.2% get point of $1.781 per square metter.
“With consumption number of luxury apartment and the increasing price in the haft of 2015, we can conclude that the crisis of Real estate market is over. The crisis is hard to come back like it was in 2007 for the people are in line to buy apartment and can sell it just in one night. At the present, the market is sustanably going up and draw a trust from customers. Stock market, gold, interest for bank,…giving chance for the real estate market in 7 years back no exist” Speech by Mr. Marc Townsend, CEO of famous CBRE.