{"id":25365,"date":"2021-10-01T06:42:23","date_gmt":"2021-09-30T23:42:23","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=25365"},"modified":"2021-10-01T06:42:23","modified_gmt":"2021-09-30T23:42:23","slug":"ho-chi-minh-sees-property-prices-rise-by-9-percent-amid-rising-covid-19-cases","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/ho-chi-minh-sees-property-prices-rise-by-9-percent-amid-rising-covid-19-cases\/","title":{"rendered":"Ho Chi Minh sees property prices rise by 9 percent amid rising COVID-19 cases"},"content":{"rendered":"

Sources attribute the rise to tight demand, but some are still optimistic that sales will increase\u00a0<\/span>\u00a0<\/span><\/p>\n

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Condo searches on the website dropped 23 percent last month compared to August 2020.\u00a0PhuongD.Nguyen\/Shutterstock<\/figcaption><\/figure>\n

Despite rising COVID-19 cases and city-wide lockdown, condominium prices in Ho Chi Minh city continue to\u00a0surge, reported Khmer Times<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

According to local listing website Batdongsan.com, Ho Chi Minh City, Vietnam\u2019s biggest city and home to 3.4 million people, saw property prices rise by nine percent last month, compared to a year earlier.\u00a0<\/span>\u00a0<\/span><\/p>\n

The city has been locked down for over 100 days,\u00a0with restrictions demanding residents to stay home unless necessary.\u00a0<\/span>\u00a0<\/span><\/p>\n

Batdongsan\u00a0attributes the city\u2019s rise in apartment prices to tight demand\u00a0during the time that fewer people shop online for homes. Condo searches on the website dropped 23 percent last month compared to August 2020.\u00a0<\/span>\u00a0<\/span><\/p>\n

However,\u00a0<\/span>Dinh Minh Tuan, regional director at\u00a0Batdongsan,\u00a0is still optimistic that sales will increase when Delta cases are contained.<\/span>\u00a0<\/span><\/p>\n

Dinh said, \u201cDespite the economic difficulties caused by the COVID-19 epidemic, the demand for housing is still high. The more the epidemic, the more people want to own safe, private homes.\u201d<\/span>\u00a0<\/span><\/p>\n

More: Pandemic accelerates technological transformation and interest in Vietnam<\/strong><\/a><\/p>\n

\u201cIn recent months, due to social distancing, cash did not directly flow into real estate but focused on securities. However, the phenomenon of selling off real estate has not occurred especially in areas adjacent to Ho Chi Minh City. This shows that many investors still keep their money and wait for opportunities to buy real estate after the pandemic,\u201d he said.<\/span>\u00a0<\/span><\/p>\n

Managing director of estate agency CBRE Cambodia says that Vietnam\u2019s economic performance remains strong. Along with the\u00a0real estate market\u2019s level of development and\u00a0buyers\u2019\u00a0purchasing power,\u00a0the demand from foreign buyers will hold up.\u00a0<\/span>\u00a0<\/span><\/p>\n

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The Property Report editors wrote this article. For more information, email:\u00a0<\/em>propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sources attribute the rise to tight demand, but some are still optimistic that sales will increase\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":25366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[2370,404,512,135],"class_list":["post-25365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-condominiums","tag-ho-chi-minh","tag-residential","tag-vietnam","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nHo Chi Minh sees property prices rise by 9 percent amid rising COVID-19 cases | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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