Reference real estate price in HCM City in third week of Dec 2011

In the third week of December 2011, the bid price of ground land and apartment in HCM City saw contrary movements, especially projects in district 2 and Binh Chanh district.
In district 2, generally, the bid price for projects in wards virtually decreased from 100,000-200,000 dong/m2.

In An Phu-An Khanh new urban zone, in district 2, An Hoa project was offered at the price of 19.1-21 million dong/m2, down 0.5% from the previous week. The offering price of An Thinh project also decreased 100,000 dong/m2, equaling 24.5-26.5 million dong/m2.

The bid price for Cantavil project also fell by 200,000 dong/m2 to offer at 31.2-36.9 million dong/m2. The Estella project also saw a fall of 0.3% or 100,000 dong/m2.

In the Binh Trung Dong ward, only Thu Thiem Stars project saw declines in 0.5% from the previous week to offer at 19.2-23 million dong/m2.

In Thach My Loi ward, amongst 16 projects, six saw declines in price. Typically, accommodation project for workers and officers in district 2 saw a fall of 0.8% to offer at 24.6-28.3 million dong/m2.

In Binh An ward, two projects saw declines in price namely Tan Hong Uy down 100,000 dong/m2 and Thu Duc House project down 200,000 dong/m2.

The price of an apartment and ground land in the remaining wards in district 2 remained unchanged from the previous week.

Conversely, in Binh Chanh district saw the upward tendency by 200,000-500,000 dong/m2.

In the group of 6A-Trung Son residential area project, two projects saw an increase in price namely Him Lam-South Saigon (up 0.1%) and Hong Linh Plaza (up 300,000 dong/m2).

In the group of zone 13 projects, of the total 20 projects, seven saw an increase in price. The highest rise was 500,000 dong/m2 for ground land at 13B project to offer at 19-21 million dong/m2.

Apartments in A View project also increased 200,000 dong/m2 to offer at 12-14 million dong/m2.

In remaining districts, the offering price for ground land and apartments remained unchanged from the previous week. – Vietbiz24

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market