No affordable apartments launched in HCMC

Apartment buildings in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

No affordable apartments were launched in HCMC in October, while the high-end segment dominates new supply, showing an imbalance in the market.

Of the 371 new apartments launched across five projects, Grade A (high-end) accounted for 79 percent, while the rest are luxury apartments, according to a report by real estate developer DKRA Vietnam.

Thu Duc City accounted for 95 percent of new supply.

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