Over the next 10-15 years, the apartment segment will lead Ho Chi Minh City

17/08/2018   Viewed: 71
In the next 10-15 years, condominiums will increasingly develop and become the indispensable trend of the HCM City market.

On August 11th, at the conference "Vietnam Real Estate Development: Vision and Prospects" organized by the Vietnam Economic Times, Head of Real Estate Management Department of Construction of Ho Chi Minh City, Mr. Phan Truong Son has shared the development strategy of Ho Chi Minh City for more than a decade.

According to Mr. Son, in the future, high-rise apartment will continue to be the indispensable housing trend of the real estate market in Saigon. And in the next 10-15 years, in this over 10 million inhabitants, the pace of condominium development will be stronger. The city will reduce the development of individual housing.
 
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High rise condominium market in Ho Chi Minh City will develop stronger in the future. Illustration

As the high-rise real estate develops, transportation infrastructure will become more modern and comfortable from home to work. To meet the needs of buyers, high-rise real estate will have more condotel, officetel products.

Although condominiums will become the type of housing inevitably lead the market in Saigon in 10-15 years but Son said that the city is advocating the integration of building development into the channel improvement program. canal, urban embellishment. This is to avoid overheating and to develop sustainably.

According to this expert, the Department of Construction of Ho Chi Minh City has a number of units planning to develop the real estate market in the next 10-15 years in smart urban model, promote the architecture green and adapt to climate change.
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