HANOI, Sept. 5 (Xinhua) -- High-end apartments in Vietnam's southern hub Ho Chi Minh City have attracted customers given the context of the real estate market's recovery, Vietnam News Agency reported Thursday.

According to real estate service provider Cushman & Wakefield Vietnam, in the first half of 2024, approximately 1,200 new units were launched, down 54 percent year on year. The luxury segment dominated with a 59 percent market share of the new supply during the cited period.

Statistics from property consultancy CBRE Vietnam showed that over 70 percent of new launches in the second quarter were introduced to the market under high-end and luxury segments.

The selling prices of these new launched units were set two to three times higher than the average market-wide price, said CBRE. Enditem

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