Int. J. Business and Globalisation, Vol. X, No. Y, xxxx 1
Copyright © 20XX Inderscience Enterprises Ltd.
Factors affecting the selling price of luxury
apartments in Vietnam: a quantitative analysis
Nguyen Minh Ngoc
Ho Chi Minh City University of Finance – Marketing,
778, Nguyen Kiem, Phu Nhuan District, Ho Chi Minh City, Vietnam
Email: nmmgoc@ufm.edu.vn
Nguyen Hoang Tien*
Ho Chi Minh City University of Food Industry,
140 Le Trong Tan, Tan Phu District, Ho Chi Minh City, Vietnam
Email: tiennh@hufi.edu.vn
*Corresponding author
Le Doan Minh Duc
University of Economics Ho Chi Minh City,
59C, Nguyen Dinh Chieu, District 3, Ho Chi Minh City, Vietnam
Email: ducldm@ueh.edu.vn
Vu Minh Hieu
Van Lang University,
69/68 Dang Thuy Tram, Binh Thanh District,
Ho Chi Minh City, Vietnam
Email: hieu.vm@vlu.edu.vn
Abstract: The article analyses factors affecting the selling price of high-end
apartments in Vietnam. The foreign and domestic literature review shows that
the theoretical framework indicates four main factors impacting selling price in
the real estate market: physical features, location and position, surrounding
environment, and quality of management and maintenance services. Empirical
research conducted in this paper pointed to the need to consider two additional
factors: characteristics of the customer segment and characteristics of the real
estate investor. The results of analysis led to a conclusion that all the six above
mentioned factors have a different but positive relationship with the selling
price of a high-end apartment. Finally, the article proposed some suggestions
for managers on how to optimise the selling price to gain maximal profit in this
very lucrative segment of the market.
Keywords: high-end apartment; property market; real estate valuation;
Vietnam.
Reference to this paper should be made as follows: Ngoc, N.M., Tien, N.H.,
Duc, L.D.M. and Hieu, V.M. (xxxx) ‘Factors affecting the selling price of
luxury apartments in Vietnam: a quantitative analysis’, Int. J. Business and
Globalisation, Vol. X, No. Y, pp.xxx–xxx.