Ho Chi Minh Real Estate Prices Rise

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Aug. 18 – During the first two weeks of August, real estate prices increased in Ho Chi Minh City.

Apartments and land located on District 2’s main roads increased by VND1 million to VND2.5 million per square meter while prices on on Tran Nao and Luong Dinh Cua streets are now worth VND60 million to VND80 million per square meter.

In the Van Do Building, apartments are priced at more than VND20 million per square meter while those in the H3 Building on Hoang Dieu street are being sold at VND28 million to VND30 million per square meter.

Sai Gon Thuong Tin Real Estate Joint Stock Company reported 125 transactions during the period, mostly in dealing with apartments in the city.

Some real estate brokerage companies in District 2 said the number of transactions in the first two weeks of this month increased by 10 percent compared to the same period last month.

The ongoing Phu My building construction in District 7 is selling apartments at VND19 million to VND21 million per square meter, compared to last month’s VND15 million to VND16 million per square meter.