According to experts, condominiums are among the property types that retain their value during periods of sign...
According to experts, condominiums are among the property types that retain their value during periods of significant market decline. This segment is expected to dominate the housing market.
According to a survey by the Market Research Department of the Vietnam Real Estate Research Institute (VIRES), the number of condominium transactions in Q3/2023 tends to increase by more than 20% compared to Q1/2023. Condominiums belong to the product category that maintains prices during the period of sharp market decline. More than 60% of real estate agents believe that apartments are the most promising segment in 2023, especially mid-range product lines in major cities such as Hanoi and Ho Chi Minh City.
According to experts, apartments belong to the category of products that maintain prices during the period of sharp market decline. This will be the segment that will dominate the housing market.
By segment, condominiums will also account for the largest proportion of the residential real estate market (accounting for approximately 90% of the commercial housing supply).
In particular, the supply structure will be increasingly diversified thanks to the trend of investors expanding from the South to the North, the resurgence of M&A activity, and market development in the suburbs of Hanoi and Ho Chi Minh City.
The condominium price landscape will continue to rise, but residential real estate businesses and homebuyers will also benefit from support programs under the 2022-2023 Economic Recovery and Development Program.
Via Bao Cong Ly