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Prices of apartments exceed affordability

by VTV426 November 2019 Last updated at 15:00 PM

VTV.vn - The Ho Chi Minh City Real Estate Association showed concern about the price of apartments rising above the affordability of the people.

According to forecasts, the scarcity of new apartments may drag the price of apartments to increase over 15% per year. The survey of the real estate association shows that if a young couple has an income of about 800 USD per month, they save on average 200- 250 USD/ month. That is, every year, they save 2400-3000 USD. With this financial situation, it would be impossible for them to buy an apartment worth almost 90 thousand USD. The real estate market is still witnessing the domination of the high-end housing sector, which accounts for approximately 70-80% of the total supply.

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