English
With some Ho Chi Minh City apartment developers offering discounts of up to 35 per cent, buyers anticipate a firm downward trend in apartment prices. The Saigon Times daily quoted Fiachra Mac Cana, CEO of Ho Chi Minh Securities Corp, as saying the housing market would see a rash of discounts by the end of the second quarter next year since developers were under pressure to clear their bank loans.
PetroVietnam Power Land (PVL), for instance, recently announced a discount of 34 per cent on units in its Petro Vietnam Landmark apartment in District 2.
But VietCapital Securities Co said in a recent report it was too early to declare a downward trend in apartment prices./.
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