HCM City real estate revenue up 6% in H1

Real estate revenue in Ho Chi Minh City reached 124 trillion VND (4.9 billion USD) in the first half of the year, up 6.1% year-on-year, according to the HCM City Statistics Office. The real estate market has shown signs of recovery this year, with 3% growth in the second quarter and 2.5% in the first quarter, after a 6.4% decline last year from 2022. The market hit its lowest point in the first quarter of 2023 with a negative growth rate of 16.2%. Source: Vietnam News Agency