Real estate association claims HCM City won’t face real estate bubbleThe Ho Chi Minh City Real Estate Association (HoREA) predicted stable development for the city real estate sector and claimed that there would not be a real estate bubble in 2018. According to the HoREA, the real estate sector development will continue to be stable and positive. HCM City authorities are considering converting a third of the city’s agricultural land into industrial and urban areas. Moreover, HCM City has eyed USD9,800 per capita income goal by 2020. The HoREA claim a real estate bubble could not happen in 2018 thanks to timely interference from the state and investment restructuring at firms.

Source: VietNamNet News January 01, 2018 05:03 UTC