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Housing prices soar in the south: property consultancy

By Vu Le   March 6, 2022 | 08:14 pm PT
Housing prices soar in the south: property consultancy
A villa project in the southern province of Dong Nai. Photo by VnExpress/Phuoc Tan
Housing prices in the south increased by 28.8 percent year-on-year in Q4, 2021, to an average of US$2,955 per square meter.

Prices were highest in HCMC at $6,500, according to real estate consultancy JLL.

They were $1,800-3,000 in its neighboring provinces like Binh Duong, Dong Nai, Long An, and Ba Ria - Vung Tau.

New housing supply rose to nearly 2,100 units, with the city only accounting for 223 of them.

Most of the new supply was in the form of high-value properties like riverside villas and large shophouses, which drove prices up.

JLL forecast supply for the full year to hit 11,400 in the four provinces, and 1,500-2,000 in HCMC.

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