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From 1994 to present, the total accumulated residential stock of Ha Noi and Ho Chi Minh City (HCMC) is approximately 200,000 units, of which the apartment segment accounts for approximately 80%. Ha Noi has 90% of the villa/townhouse stock, with HCMC and Ha Noi having similar levels of apartment stock.
The average price of a villa/townhouse is beyond the means of the majority of the population and therefore, this segment is less competitive than the apartment segment, resulting in low absorption rates.
Source : Savills
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