Analyst Pin-board: Condominium market updates
The market this year was driven by the launches of large-scale projects from Vinhomes. In terms of condominium transaction volume, during 9M 2019, Hanoi saw an increase of 22% yoy while Ho Chi Minh improve slightly by 5% yoy. On the other side, excluding three large projects from Vinhomes, the residential sector in these cities remained relatively bleak due to legal processes. Demand was still good with a high absorption rate. Selling prices in the condominium segment increased by an average of 15-20% compared to the end of 2018, led by a decrease in supply.
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