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

 

Pham Van Dai

Pham Van Dai

Head of Research

Savills HCMC

+84 973 859 165

 

Do Thi Thu Hang

Do Thi Thu Hang

Associate Director
Research

Savills Hanoi

+84 912 000 530

 

Subscribe to Savills research

 

Would you like to be notified via email about new research?