Vietnam property sector still sizzling

[tungsteng]

The property market is showing no signs of cooling off despite concerns that a speculative bubble has been built which could prove unsustainable.
Housing prices, particularly in Hanoi and Ho Chi Minh City, are rising sharply but buyers continue to line up in the hope of cashing in on apartment prices that triple the average wage per square metre.
Last week, around 6,000 people entered into a lucky draw for the 580-unit Hoang Anh Riverview in Ho Chi Minh City’s District 2. Buyers backed themselves to purchase apartments starting from $2,200 per square metre.....
Full story: http://www.vnbusinessnews.com/2008/01/property-sector-still-sizzling.html