More ample cheap housing supply forecast in 2017Vietnam Real Estate Association Chairman Nguyen Tran Nam said that the local property market would see more cheap housing supply in 2017 to meet increasing demand. Nam cited some statistics from big real estate firms saying that in 2016, up to 80% of real estate supply in Vietnam were high-grade homes, much higher than real demand. Meanwhile, affordable housing supply was limited. To date, cheap housing projects have been able to provide a total area of 3 million square metres compared to the demand of 10 million square metres. Hoang Quang Real Estate Company has set a target to launch around 34,000 low-cost apartments in the southern region from now until 2019.

Source: VietNamNet News February 03, 2017 02:03 UTC