The newly established companies concentrate in Districts 1, Go Vap, Tan Binh, Binh Thanh and Binh Tan.
Of the number, there are 10,912 real estate companies accounting for 41.4 percent. Notably, 95 percent are brokerage firms. The remaining number are subsidiaries of big property companies, they were set up to develop new projects.
The real estate market is now developing strongly again, investors have implemented a slew of projects with thousands of apartments. They need a big sales team to sell these products. Therefore, many companies have just paid attention to developing projects and let brokerage companies undertake sales.