During the year, close to 42,000 apartments from 78 projects were put up for sale in the city, with nearly half in the eastern part (47%), up 122 percent from 2014, Director of CBRE Vietnam’s Research and Consulting Services Duong Thuy Dung told a meeting on January 5.
More than 36,000 flats were sold in wholesale and retail, marking a 98% increase year-on-year. Up to 75% of total sales were those priced at VND1-VND1.3 billion (US$45,000-US$60,000).
In the fourth quarter alone, the figure was 10,340.
CBRE also reported that foreigners accounted for 41% of customers seeking information on housing in Vietnam during the year, predominantly Singaporeans.
Housing prices were on the rise, averaging US$2,012 per sq.m, up 4.4% from the previous year.
In 2016, several projects in downtown area are expected to list an asking price of more than US$7,000 per sq.m.
Over 45,000 apartments in 90 projects will be made available next year, with the supply of hi-end developments rising 20% compared to 2015.
Marc Townsend, CBRE Vietnam Managing Director, said it is time to open training centres for real estate brokers in preparation for a more intense competition, especially when more foreigners join the market.