HCM CITY — Supply of landed houses and villas in HCM City is short since developers are wary of this segment due to high costs and extended procedures, experts said.

A view of HCM City. Property consultants report a short supply of houses and villas in the city since the beginning of this year. – Photo Soha.vn

Lê Hoàng Châu, chairman of the HCM City Real Estate Association, said in the last two years supply has stood at over 5,000 units a year, but has been modest this year. He cited the huge investments required as the main reason.
Besides, profits are not high, especially since the tax in this segment is very high, and there is difficulty in selling them, he said.
Investing in condominiums brings higher profits, but the short supply in the ready-built landed house and villa segment means it would soon turn hot, he predicted.

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