In Ho Chi Minh City, 1,915 apartments were sold in the primary market in the third quarter, down 16% from the second, according to property consultancy Savills Vietnam.
The absorption rate was 39% in the third quarter, a 2%-point decrease from the second.
Mid-priced apartments costing VND3-5 billion (US$121,000-202,000) accounted for two thirds of the transactions.
The low demand has caused many property developers to offer promotions or favorable payment policies to attract buyers.
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