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Carina fire incident led to sharp decrease in newly launched condominium units

In the second quarter of this year, Ho Chi Minh City market welcomed an additional 6,109 condominium units, a decrease of 36 per cent compared to the same period of last year, according to commercial real estate services and investment firm CBRE.

Who is leading condominium market in Vietnam?

With a lack of public housing initiatives, the market is currently being led by private developers.

Vietnamese people still lack experience in living in condominiums

“Most of the Vietnamese people lack experience in living in condominiums so they usually feel annoyed when following its rules and need time to adapt to them,” said Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, an American professional service and investment management company specializing in real estate.

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