2019 is viewed as another good year for the middle-end property sector thanks to reasonable prices. Duong Duc Hien, Savills director of residential sales for North and Central Vietnam, said that 2018 saw many changes occur within the housing market in comparison to previous years. The mid-end sector of the market enjoyed a strong performance, with Hanoi topping the list of providers. The villa, row-house, and shophouse sectors also made good progress, buoyed by the increasing demand for residence and investment opportunities from customers. Meanwhile, the first half of 2018 witnessed a massive yet short-term trend of land investment in the northern province of Bac Ninh and other coastal localities, including Nha Trang, Phu Quoc, Quang Ninh, and Danang. However, these trends quickly settled down. As for resort projects, only a few were added to the total supply in 2018. This is largely due to interest in condotels, a “newcomer” in the market, cooling off in comparison with the two previous years. The number of new resort properties launched for sale during 2018 decreased in comparison with that of 2017, thus forcing customers to shift their attention to other categories, including sea villas, sea-view apartments, and resort villas. Nguyen Tran Nam, Chairman… Read full this story
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