For instance, a number of projects in Ho Chi Minh City also experienced a high increase in average transaction prices in the first quarter of this year. In the first months of 2022, apartment prices have increased by 5-7 percent on average while the price of an independent property in a realty estate project increased by 15-20 percent, and land price surged by 20-30 percent over the same period in 2021.
The Ministry of Construction predicted that this may still be the beginning of a real estate fever in 2022, especially when the government has been using solutions to stimulate demand and support economic recovery after a period of decline. The move can also affect the real estate market to become hotter if the market is not well controlled.
