Digital property transaction on track to rise

By Nguyen Tieu   January 16, 2024 | 11:47 pm PT
Digital property transaction on track to rise
Properties in HCMC's Nha Be district, October 2023. Photo by VnExpress/ Quynh Tran
Online real estate listings and searches saw an increase of 2-4% last month compared to the preceding month.

On, a leading real estate listing site in Vietnam, there was an 8% increase in listings. Additionally, the website reported a 2% rise in demand, measured by the uptick in searches and registrations for purchasing houses on the platform.

Sales of apartments and residential land experienced a slight increase of 1%, while townhouse sales rose 4%.

Moreover, the overall number of real estate listings showed a rise of 6–12% varying by property type.

There was a 3% increase in real estate searches in HCMC. This surge in interest translated into tangible market activity, with sales for apartments, land, and townhouses rising by 6% and 8%, respectively.

Meanwhile, in the southern provinces of Ba Ria-Vung Tau, Binh Duong, and Long An, property demand increased from 2% to 8%.

The overall quantity of real estate listings rose 1-2%.

The Vietnam Real Estate Brokers Association reported that the country witnessed the introduction of approximately 7,000 new real estate products into the market in the fourth quarter of 2023. This influx brought the total supply to nearly 21,800 products, up 6% from the previous quarter.

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