Property Devt & Invt: Stay tuned for re-ratings in 2021F – Update
- In 4Q20, residential market saw a significant recovery in new supply and transaction volumes in both Ho Chi Minh City (HCMC) and Hanoi.
- We expect the residential market to recover in 2021F, given a broadbased recovery of the economy and loosening of regulatory bottlenecks.
- Our top picks are VHM, NLG and KDH.
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