HIGHLIGHT INFORMATION ON

THE REAL ESTATE MARKET

Primary selling prices are almost flat,

secondary selling prices no longer record
deep losses. The sharp decrease in
deposit interest rates to below 6%/year
and lending interest rates fluctuating from
7.5 - 8.5%/year have created more
favorable conditions for customers and
businesses to access capital.
 HIGHLIGHT INFORMATION ON
THE REAL ESTATE MARKET

By the second quarter of 2024, the real estate

market is expected to begin to recover and the
growth momentum will be clearer from 2025...

Apartment selling prices on the primary

market increase by an average of 2-3%/year

Unlike the previous period, by the end of the

third quarter of 2023, the market no longer
recorded deep price cuts for new real estate
products offered for sale, and even the selling
price of new primary products began to
increase slightly 2%-5%.
 THE MARKET WILL RECOVERY FROM Q2/2024

IDEAL SCENARIO

Supply: reduced by 20 - 30% Selling price: slightly increased

Interest rate: < 10 - 12% Absorption rate: 40% - 50%

- Impacts from natural disasters,

epidemics, global politics, economics,
and finance
- Real estate legislation is still tightened, EXPECTED SCENARIO
with no measures to remove the legal
Supply: reduced by 30 - 50% Selling price: flat
framework
Interest rate: 11 - 13% Absorption rate: 20% - 30%
- Businesses and people have difficulty
accessing capital
- Market confidence has dropped deeply
and has not yet recovered
CHALLENGING SCENARIOS

Supply: reduced by 50 - 60% Selling price: 20 - 30% off

Interest rate: > 14% Absorption rate: ~10 - 15%

REAL ESTATE MARKET REPORT IN HANOI

APARTMENT

The quiet market

situation will
continue until
deposit interest
rates decrease and
new supply enters
REAL ESTATE MARKET REPORT IN HANOI

VILLAS AND ROW HOUSES

The number of transactions

is improving. We expect the
recovery to continue thanks
to the Government's policies
and efforts to remove
existing market difficulties,
help increase transparency
and strengthen confidence
for buyers.
REAL ESTATE MARKET REPORT IN HCM

APARTMENT
The market in the first half
of 2023 has not been able
to prosper with limited
supply mixed with concerns
from buyers.
REAL ESTATE MARKET REPORT IN HCM

VILLAS AND ROW HOUSES

The cautious psychology of

buyers continues to put pressure
on market liquidity. However, the
outlook will improve thanks to
specific mechanisms on real
estate, monetary policy and
infrastructure investment.
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