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Update news high-end apartments
Many foreigners are keen to buy high-end apartments in Vietnam but the process is anything but straightforward.
VietNamNet Bridge - Experts believe that following a stable year, the real estate market will continue to develop well, with no bubbles, in 2019.
Land fever in Phu Quoc, Long An, Nhon Trach and HCM City, a lack of houses for low income earners, and an oversupply of high-end apartments are the main features of today’s real estate market.
VietNamNet Bridge - The supply of high-end apartments has been increasing rapidly in Hanoi and HCMC, but sales have not been brisk.
The reports about the real estate market in the first quarter of the year released by consultancy firms all show a sharp increase in the supply of high-end apartments in HCMC. This has raised concerns about oversupply in the near future.
Doubts have been raised whether if the VND30 trillion package can save the sinking real estate market. VND30 trillion is believed to be just a “grain of salt in the ocean.”