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Property Devt & Invt: Vinhomes excites the market – Update

Sector note 14/11/2019    311

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  • In 3Q19, new supply volume for the Ho Chi Minh City (HCMC) condo market surged 107% yoy thanks to the Vinhomes Grand Park project.
  • Meanwhile, Hanoi experienced sustainable growth in supply and transactions in both the condo and ready-built house segments.
  • Maintain sector Neutral as new projects in Vietnam’s southern region remain constrained by the slow regulatory process.

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