Savills Vietnam would like to announce Savills Property Price Index (SPPI) in August 2017 for Ho Chi Minh City and Hanoi with highlighted information as below:
With substantial mid and high-end supply the index significantly increased over 2016. However, it slowed in Q2/2017 to 93 points, a 1 point quarter on quarter (QoQ) increase, leaving it unchanged year-on-year (YoY).
Residential QoQ Index – HCMC
Sales of approximately 11,700 units were up 36% QoQ and 68% YoY to reach a five-year high. Impressive Grade B and C performance had average absorption increase 10 pptsQoQ and 14 ppts YoY.
Grade C continued to perform well with 62% of total transactions. Grade B sales were over 4,200, a significant 35% QoQ and 24% YoY increase.
Since 2010, Grade C primary supply growth has been 15% pa. Closer to majority affordability, this segment, continued to out perform all others. Three thousand transactions were completed in Western districts.
For more information, click 12092017 – Savills Property Price Index (SPPI) in HCM HN – EN and 12092017 – Chỉ số giá Bất động sản Savills (SPPI) tại HCM HN – VN
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