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Property

HCMC leads in housing ads

Released at: 09:30, 10/10/2016

HCMC leads in housing ads

Photo: Duc Anh

Though down in Q3, property advertising is normally at its highest in Q4.

by Huyen Thanh

District 9 and Thu Duc district led the Top 10 list of housing ads in Ho Chi Minh City in the third quarter, according to data researchers DataFirst.

Its report on Ho Chi Minh City’s housing market for the third quarter comes from information collected from nine of the largest real estate ad websites in the city and which account for an estimated 85 per cent of all real estate ads in Vietnam.

Ho Chi Minh City had 106,000 housing listings in the quarter, with District 9 topping the list with 11,864 followed by 10,769 in Thu Duc, 8,194 in District 12, and 7,226 in Tan Phu district.

The top four accounted for 36 per cent of all housing ads in Ho Chi Minh City, with its eastern area having a huge number of listings.

There were 40,119 ads for houses with prices from VND1.5 billion to 4 billion ($70,000 to $180,000), 22,993 from VND700 million to VND1.5 billion ($35,000 to $70,000), and 22,876 from VND4 billion to VND10 billion ($180,000 to $450,000).

DataFirst said that the number of those posting housing ads in Ho Chi Minh City during the third quarter fell by 50 per cent compared to the second quarter. It forecast this would change in the fourth quarter, however, as this is generally the most active period for housing transactions.

There were 6 million real estate advertisements in Vietnam during the first nine months, the report found.

Ho Chi Minh City headed the Top 10 list with 1.7 million, double the figure in the same period last year. Following were Hanoi with 720,000 ads and Da Nang 170,000, while the figures for Binh Duong, Dong Nai and Khanh Hoa provinces were in the tens of thousands. Ba Ria Vung Tau, Long An, Kien Giang and Quang Nam rounded out the Top 10.

Total real estate ads in the Top 10 cities and provinces accounted for 98 per cent of the total. Significant growth was seen in Binh Duong, Dong Nai, Khanh Hoa, Ba Ria Vung Tau and Long An.

DataFirst said its findings showed an increasing interest in the housing market and expects Ho Chi Minh City’s total for 2016 to be much higher. In 2015 there were 1.8 million ads, a three-fold increase against 2014.

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