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Buying apartments requires 50 years saving: CBRE

Buying apartments requires 50 years saving: CBRE

An average-income earner has to save money for more than 50 years to be financially capable of buying an average-class apartment, a recent market study by CB Richard Ellis has found.

The market research, jointly conducted by CBRE and market researching firms TNS and Nielson, was aimed at figuring out how many years households in Hanoi and Ho Chi Minh City have to save up money in order to be able to afford an apartment.

CBRE said the high-class apartment projects in the city’s downtown can still find customers, while other projects to be implemented in the future will target average-income earners, with prices expected to be less than VND21 million a square meter./. 

 

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TP. Hồ Chí Minh: MEGA City (2017)

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