Hanoi and HCM City to have additional 23,400 apartments in 2012

News - In 2012, the apartment supply will increase additional 20,000 units in Hanoi and 3,400 units in HCM City, according to Savills Vietnam's research report on real estate market.

Regarding the demand power, the report also showed that the absorption ratio of the apartment market decreased clearly, to stand at 15 percent in HCM City and 32 percent in Hanoi.

For ground land segment, the figure became more tragic due to the frozen market. The absorption ratio in the third quarter of 2011 was at 4 percent and the price continued to fall.