2016 set to be another strong year for Vietnam housing market

(VOVworld) - Vietnam’s housing market is expected to enjoy another good year after record sales in 2015 aided by improved economic conditions and infrastructure and lower interest rates. According to the industry’s estimates, apartment sales in Hanoi hit around 28,300 units in 2015, a 70% rise from the previous year. In Ho Chi Minh City, the estimated number ranged between 24,000 and 36,000, an increase ranging from 50% to 100%. In the Ho Chi Minh City primary market, apartment prices rose 6.1% year-on-year in the fourth quarter, while in Hanoi, they were up 7.4%, according to property consultancy Jones Lang LaSalle.