Local property agency Mcore Properties yesterday forecast that home prices in the city will rise up to 10 percent this year, boosted by local residents’ strong demand for housing and a stronger economic performance.
The real estate agency also urged the government to be more “flexible” in its policies about encouraging the reuse of land that had originally been earmarked for industrial buildings.
The company held a press conference yesterday about its end-of-year property review of the city for 2016 and its outlook for this year, at its office in the Fortuna Business Centre (FBC) in Nam Van.
Addressing the press conference, the company’s general manager Jacky Wong Sai Wing said he expected this year’s purchases of residential flats to be primarily by local residents to live in, instead of non-local investors and speculators.
“New families will be the major part of housing demand,” Wong said.
Mcore Properties General Manager Jacky Wong Sai Wing addresses yesterday’s press conference at the local property agency’s office in Nam Van.
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