Analyst Pin-board: Real estate market update
Q1 2020:
The real estate market faced headwinds in the early part of 2020. In term of total condominium units sold, 1Q 2020 was the worst quarter in both Hanoi and HCMC since the last five years. Both cities saw a decrease of 72% and 38% YoY, respectively. Demand weakened while supply was still limited due to the effects of Covid-19 and prolonged legal statuses.
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