31 Oct '14, 5pm

#GlobalREBubble #Singapore 'Best sales for four years in HCMC' @SGPropertyGuru

#GlobalREBubble #Singapore 'Best sales for four years in HCMC' @SGPropertyGuru

Comment E-mail to friend Bookmark & Share A return of buyer confidence and increased lending support from financial institutions saw a stable Q3 in the real estate market in Ho Chi Minh City, Vietnam. According to the latest Savills Property Report Index , the Q3/2014 residential index stood at 89.5, showing stability quarter-on-quarter (q-o-q) and up 0.7 year-on-year (y-o-y). The overall absorption rate was 19 percent, a strong increase of 2 percentage points q-o-q and 7 percentage points y-o-y. According to the real estate firm in Q3/2014 approximately 3,280 units were sold, up 29 percent q-o-q and a massive 85 percent y-o-y, the highest transaction volume for more than four years. The residential index has been stable in recent quarters and increased slightly compared with Q3/2013. Strong financial support from banks and developers helped increase buyer confidence. In a...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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