Sales of villas and townhouses in HCMC rose by an outstanding 78 percent quarter-on-quarter (Q-o-Q) during the April to June period, and more than doubled year-on-year (Y-o-Y).
Savills’ Vietnam, in its latest report covering the city, noted that Q2 saw 11 new villa and townhouse projects, and additional phases of three existing projects that provided approximately 1,600 dwellings. This pushed primary stock to approximately 3,200 dwellings, up 55 percent Q-o-Q and 180 percent Y-o-Y.
Sales increased by 78 percent Q-o-Q and 106 percent Y-o-Y, with townhouses dominating and accounting for 68 percent of total transactions. The absorption rate was 25 percent, up 3 percentage points Q-o-Q but down 10 percentage points Y-o-Y.
District 2 was by far the best performer in the villa/townhouse segment during Q2 quarter.
Medium to large-sized townhouses of 90 sqm to 120 sqm were absorbed well in the midst of strong developer roll out of smaller villa and townhouse products, according to the real estate firm.
