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Property Devt & Invt Industry: Envisage a rise in Southern sale volume – Update

Sector note 04/10/2019    268

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  • In 1H19, Hanoi market outperformed Ho Chi Minh City in terms of transaction volume, thanks to better supply of new large-scale projects.
  • We expect the condo sales volume in HCMC to rise in 2H19F, supported by the successful launch of Vinhomes Grand Park and other upcoming projects.
  • Maintain sector Neutral as the slow regulatory process for new projects in Vietnam’s southern region remains unchanged.

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