House price in HCM market recorded upward trend in the last quater of 2016 (Photo: PD)
HCM apartment market was quite active in the last quarter of 2016, with many new launching activities, according to JLL. Compared to the previous quarter, new supply rose by 5% to 8874 units.
In particular, mid-end apartments accounted for nearly 70% of total supply. Sales of apartments reached 9091 units, up 12% q-o-q. The affordable and mid-end segments dominated the market with more than 80% of total sales.
In field of villa and townhouse segment, new supply hit 934 units, an increase of 14% q-o-q, mainly from District 2, District 9 and Nha Be District. Demand also continued to reach a high level with 772 villas and townhouses sold. This is the second highest quarterly sales since 2000.
Primary market recorded further price increase. The recent developments of the market have had a positive impact on the decision of price raise of the developers. Compared to the third quarter of 2016, prices of villas, townhouses have significantly soared, especially in the premium segment with a price range from US$220,000-440,000 per unit.
On the secondary market, the upward trend also remained but with a slower growth, particularly in completed projects. Notably, 80% of villas, townhouses offered for sale on the secondary market saw a price increase of 2-4% over Q3-2016. Launching activities are expected to remain active this year.