Despite global uneasiness towards financial and economy, local private property sector showing different sign that it is still in very good shape by attracting both foreigner and local buyers. Notably, this year marks the most units sold in six years.
Meanwhile, analyst found very low risk of forming bubble in the housing market due to slower increase in prices. Due to a more reasonable price given by developer, new homes sold has come to 3281 units in the third quarter this year, a 39.6% increase from previous quarter.
Market watcher pointed out that moderate growth in price leading to strong sales is going to continue as the underlying demand will be able to support the ongoing inventory.
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