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Property Devt & Invt: Stay tuned for re-ratings in 2021F – Update

Sector note 26/01/2021    303

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  • 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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