At the meeting to summarize the real estate market in 2019 and forecast for 2020 organized by the Real Estate Coffee Association (SREC), General Director of Viet An Hoa Company, Tran Khanh Quang forecasted that the next 6-12 months will be

The act of selling cheap will take place locally and not massively to relieve the pressure of burying capital and repaying loans.

In fact, the 5-10% price reduction is only a technical price reduction (taxes and fees deducted) and does not reach the danger zone of heavy losses.

Real estate market in the East of Ho Chi Minh City.

This expert assesses that the biggest obstacle is low market sentiment, which slows down purchasing decisions.

Leaders of Viet An Hoa Company also made some predictions about the developments of the real estate market in Ho Chi Minh City in 2020. These are townhouses located on small roads and alleys with a value of over 20 billion that will be very difficult to sell.

Mr. Quang also made a prediction about the correlation of the three areas with the most developed real estate market in Saigon, which are the East – South and West areas in 2020. The East area is considered to still attract customers with low-priced apartments.

Meanwhile, in the South area, apartment prices are difficult to increase and townhouses with land in this area increased by 5-8% in 2020, this increase is quite modest.