In 2017, Mr. Nhan was interested in an apartment of 50 m2, 15th floor, with 2 bedrooms, 1 toilet in an apartment project in District 8 under construction.

In April 2019, returning to the project when the house was handed over and residents moved in, Mr. Nhan said he was shocked when the 50m2 apartment was now sold directly by previous buyers for 1.48 billion VND.

Similarly, a 53 m2 apartment in this project was first offered for sale by the investor in September 2017 for 1.2 billion VND including taxes, fees and 2% maintenance fund.

Cheap houses with small areas in Ho Chi Minh City no longer have the price range of 1-1.2 billion VND per house.

At an apartment project in District 7 that has been handed over for nearly 6 years, located adjacent to Phu My Hung urban area, small 45 m2 apartments belonging to the resettlement housing fund were auctioned at the end of 2018 for nearly 1,000 VND.

General Director of Nam Phat Investment Company, Mr. Nguyen Mac Hoai Nam confirmed that in the past 3-6 months in Ho Chi Minh City, there has been a situation where small apartments and affordable segments have attracted sales, increasing prices by 15-30%.

Mr. Nam explained, because Ho Chi Minh City is in the peak period of legal review of real estate projects and restrictions on new project licensing, the supply of new apartments is very modest.

Mr. Nam analyzed that small apartments, although located far from the center, have convenient traffic connections. Houses have been handed over, priced from around 1 billion VND to 1.5-1.6 billion VND per apartment, which is currently a rare commodity.

This expert said that the affordable apartment segment with small areas serves real needs, is affordable, and within the affordability of many people, so there are quite vibrant transactions in the secondary market.

`Currently, apartments are priced at 1.5-1.6 billion VND per unit or less. If you can move in immediately, there are rarely sales, so there is a difference of 400-500 million VND per unit. Under normal conditions,

At the announcement of the first quarter 2019 report on the Ho Chi Minh City apartment market, CBRE Vietnam also confirmed that the price of affordable apartments (grade C) in Saigon is no longer really cheap anymore.