Vietnam Riverbank apartments attractive, expensive

Marc Townsend, Executive Manager of CB Richard Ellis real estate consulting company, said: “In the next three to four years, the need for housing of Vietnamese people will rise highly, especially for apartments fronting rivers. The price of this kind of apartment may fluctuate between US$3,000 to $4,000/sq.m.” The price of riverbank apartments in HCM City depends on the infrastructure of each project. In the South Saigon area, apartments of the Him Lam-Kenh Te project currently have the highest prices, ranging from VND21-22 million ($1,300-1,370)/sq.m.