Apartment Sector - The Great Wave

Apartment Sector - The Great Wave
Apartment Sector - The Great Wave

Q2 in HCMC there was a 67% YoY increase in sales to 11,600 whilst in Hanoi it was 13 % to 6,800.
In HCMC Grade C accounted for 62% of sales, while in Ha Noi, Grade B dominated with over 42%.

In a regional context, Viet Nam has a low proportion of urban population but a huge flow of rural migrants, resulting in a high urbanization rate. This factor combined with a large but declining household size, results in robust new dwelling formation.

 

Key contacts

Troy Griffiths

Troy Griffiths

Deputy Managing Director

Savills HCMC

+84 933 276 663

 

Do Thi Thu Hang

Do Thi Thu Hang

Associate Director
Research

Savills Hanoi

+84 912 000 530

 

Vo Thi Khanh Trang

Vo Thi Khanh Trang

Research Manager
Research

Savills HCMC

+84 28 3823 9205 Ext 194

 

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