HCM CITY (VNS) — Savills Viet Nam has set up the Savills Property Price Index (SPPI) for different property markets in HCM City.
The company said the index, to be updated every quarter, offers market participants a quantitative way to determine market trends, helps to increase market transparency and provides more decision-making tools for investors. It also tracks sub-indices which are measured on a quarterly basis.
For the residential sector, the index is determined based on a sample of more than 200 primary and secondary projects in HCM City. The base period of the SPPI is set at the first quarter in 2009.-VNS