Analyst Pin-board HCMC condominium segment in November : Prices surged amid continuous supply shortage
In November without new condo projects launched in HCMC led to price appreciation in existing projects. After two consecutive months of no new projects being launched, we do not expect any big surprise in December, especially when the Covid-19 has returned. The unwelcomed return of Covid-19 could be the negative news for the market. Despite of that, from our point of view, the impact would not be severe for the mid and long-term period given the success of the Government in containing two previous Covid waves. A positive catalyst would be the support from domestic banks to help homebuyers by reducing housing loan interest rates by 1.8 percentage points. Therefore, the demand in the primary market would be maintained regardless of the recent price surge.
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