Savills Vietnam today announces the July’s Savills Property Price Index (SPPI) for Ho Chi Minh City and Hanoi with highlighted information as below:

HO CHI MINH CITY

Residential Index

In Q2/2016, the residential index increased 1 point quarter-on-quarter (QoQ) and 3 points year-on-year (YoY) to 92.7. The apartment price index has increased steadily since Q3/2015.

There were approximately 6,900 sales, up 10% QoQ and 34% YoY. The overall absorption rate was stable QoQ at 17% but decreasing -2ppts YoY.

Although Grade A sales increased 74%, absorption was down -5ppts due to abundant new supply. Grade B was the market driver with 49% of total sales, followed by Grade C with 47 per cent.

Better construction progress and flexible and prolonged payment schemes from developers continued to be the major contributors to the price improvement and good sales in Q2/2016. The QoQ index is expected to follow an upward trend next quarter.

For more information, click 03082016 – Savills Property Price Index (SPPI) in HCM HN – EN and 03082016 – Chỉ số giá Bất động sản Savills (SPPI) tại HCM HN – VN

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