Group VP ∙ IQI WA

Lily Chong

Lily Chong profile picture

About Lily Chong

Leveraging market knowledge and negotiation skills to deliver exceptional results. Your real estate success is my priority. Ready to make your real estate dreams a reality? Let's chat. Your dream home awaits.

7 years at IQI

65 transactions

14 properties on sale

Lily Chong's Service Locations

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My Listings

Northeast-Facing, Brand New, With Short Stay Potential photo

Northeast-Facing, Brand New, With Short Stay Potential

813/14 Leila Street, Cannington, Western Australia 6107, Australia

2
2
560
67 m²
98 m²

₫ 14,329,275,429

Listed on October 1, 2026

Secure CBD Investment with Established Tenancy & Prime Location photo

Secure CBD Investment with Established Tenancy & Prime Location

602/380 Murray Street, Perth, Western Australia 6000, Australia

1
1
267
44 m²
61 m²

₫ 9,876,067,025

Listed on June 18, 2025

Parkside Lifestyle Meets Modern Luxury photo

Parkside Lifestyle Meets Modern Luxury

145A Mars Street, Carlisle, Western Australia 6101, Australia

4
3
1454
242 m²
400 m²

₫ 26,755,163,395

Listed on August 11, 2026

TITLE ISSUED – SETTLE SOON AND START BUILDING SOONER
ONLY 2 HOMES REMAIN | 50% SOLD photo

TITLE ISSUED – SETTLE SOON AND START BUILDING SOONER ONLY 2 HOMES REMAIN | 50% SOLD

3A Myrtle Street, Willetton, Western Australia 6155, Australia

4
3
1634
214 m²
192 m²

₫ 28,730,376,800

Listed on August 11, 2026

Brand New and Ready to Move In! photo

Brand New and Ready to Move In!

416/14 Leila Street, Cannington, Western Australia 6107, Australia

3
2
2354
96 m²
149 m²

₫ 17,741,007,674

Listed on January 13, 2026

A Front Row Seat To Burswood's Golden Hour photo

A Front Row Seat To Burswood's Golden Hour

1906/118 Goodwood Parade, Burswood, Western Australia 6100, Australia

2
2
1275
88 m²
160 m²

₫ 17,058,661,225

Listed on August 11, 2026

""" PERFECT FOR LIVING OR INVESTMENT !!! """ photo

""" PERFECT FOR LIVING OR INVESTMENT !!! """

9/63 Third Avenue

3
1
3435
238 m²

₫ 10,755,934,815

Listed on May 5, 2026

A Peaceful Place to Grow, Gather and Call Home photo

A Peaceful Place to Grow, Gather and Call Home

8/71 River Avenue, Maddington, Western Australia 6109, Australia

3
2
663
95 m²
260 m²

₫ 12,030,845,285

Listed on September 24, 2026

$610/WEEK RENTAL INCOME | 1 BED + GENEROUS STUDY + 1 BATH + 1 CARBAY photo

$610/WEEK RENTAL INCOME | 1 BED + GENEROUS STUDY + 1 BATH + 1 CARBAY

Level 2, 206/17 Pattie Street Street, Cannington, Western Australia 6107, Australia

1
1
332

₫ 8,978,242,750

Listed on August 11, 2026

Rarely Found Space, Modern 2 Bed, 2 Bath Apartment photo

Rarely Found Space, Modern 2 Bed, 2 Bath Apartment

202/9 Central Terrace, Beckenham, Western Australia 6107, Australia

2
2
67
86 m²
118 m²

₫ 11,222,803,438

Listed on August 11, 2026

Two Master Suites & Contemporary Family Living photo

Two Master Suites & Contemporary Family Living

14A Anthus Corner, Waterford, Western Australia 6152, Australia

4
3
498
214 m²
195 m²

₫ 23,343,431,150

Listed on October 4, 2026

Freshly Painted & Upgraded – Spacious 3-Bedroom City Living at Royale Apartments photo

Freshly Painted & Upgraded – Spacious 3-Bedroom City Living at Royale Apartments

84/369 Hay Street, Perth, Western Australia 6000, Australia

3
2
346
99 m²

₫ 14,903,882,965

Listed on October 21, 2026

Secure your Brand New Off-the-Plan Townhouse with only 5% Deposit now, and saving up to $22,151 on stamp duty* photo

Secure your Brand New Off-the-Plan Townhouse with only 5% Deposit now, and saving up to $22,151 on stamp duty*

6/30 Lanyon Street, Mandurah, Western Australia 6210, Australia

3
2
1417

₫ 13,287,799,270

Listed on August 20, 2026

A Peaceful Parkside Retreat in Perth 6000 photo

A Peaceful Parkside Retreat in Perth 6000

113/99 Palmerston Street, Perth, Western Australia 6000, Australia

2
2
1622
64 m²
100 m²

₫ 13,449,407,640

Listed on August 19, 2026

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IQI blog & news

Articles specifically curated for your daily digest of local and global real estate news.

Vietnam Property Market October 2026: Policy Reform Reshapes a Resilient but Selective Market

Policy Reform Takes Centre Stage Vietnam’s residential market is entering the final quarter of 2026 with policy, rather than pricing, driving the conversation. Resolution 21-NQ/TW is set to shape the next round of Land Law and housing amendments, including proposals linking apartment use to a building’s service life and placing greater reconstruction obligations on owners.  The changes could also introduce heavier taxation on excess property profits and vacant or unused assets, while land allocation may increasingly favour commercial apartment supply. MBS Research expects some new apartment projects could shift toward 50–99-year tenures, although implementing rules have not yet been issued.  Despite the uncertainty, activity remains substantial. Nearly 34,000 new homes were launched nationwide in Q2, with around 19,600 units sold, equivalent to an absorption rate of approximately 58%. Average primary apartment prices reached around VND 80 million per sqm, up 10% from 2025.  Strong Economy Meets Financing Pressure Hanoi illustrates the market’s growing divide. Q2 sales fell 45% year-on-year, even as luxury-led launches pushed primary prices up 36% to about US$4,659 per sqm. Mortgage rates of 12–14% remain the biggest obstacle for first-time buyers.  At the same time, Vietnam’s macroeconomic backdrop remains strong. GDP grew 8.39% year-on-year in Q2, while registered FDI reached US$40.63 billion in the first eight months, up 55.4%. Of this, US$5.32 billion was committed to real estate.  Outlook Vietnam is likely to remain a selective, end-user-led market rather than enter a broad rally. High financing costs and new legal considerations will make cash strength, legal clarity and land-backed assets increasingly important. For buyers and investors, due diligence around ownership structure, land-use rights and project legality will matter as much as location and product quality. Vietnam, October 2026 The contents of this article were contributed by Dustin Trung Nguyen, Head of IQI Vietnam. Download to see insights from other country marketsDownload

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Vietnam Property Market 2026: Hanoi Resale Pressure Creates New Buyer Opportunities

Hanoi Apartment Market Faces Resale Pressure Hanoi’s apartment market is entering a more cautious phase as resale pressure increases among investors who bought off-plan or during construction with short-term flipping strategies. After several years of strong price growth, market conditions have cooled. Capital gains are no longer guaranteed, while the end of mortgage grace periods is exposing some investors to higher floating interest rates and heavier repayment obligations. This is encouraging more owners to sell, with liquidity and debt reduction becoming a greater priority than maximising returns. According to market data cited in the report, asking prices at several Hanoi projects have already corrected from their previous peaks. Imperia Sola Park fell around 12.6%, Lumi Hanoi declined approximately 9.5%, while Kepler Land recorded an 8.6% correction.  Market Shifts From Speculation to Liquidity The change marks an important shift in Vietnam’s residential market. Some leveraged investors are no longer holding properties in expectation of further short-term appreciation. Instead, they are looking to exit quickly, reduce debt exposure and, in some cases, accept losses. For genuine homebuyers and investors with stronger cash positions, this may create improved negotiating conditions in Hanoi’s secondary apartment market. Rather than competing in a rapidly rising market, buyers may now have greater scope to negotiate on properties where sellers are under financing pressure. Outlook Hanoi’s apartment market is likely to remain more selective and liquidity-driven in the near term. Resale pressure could continue to create opportunities for buyers who have sufficient cash and are willing to negotiate carefully. The key advantage is shifting towards financially prepared buyers, particularly those able to identify motivated sellers and acquire quality secondary-market units at prices below previous market peaks. The contents of this article were contributed by Dustin Trung Nguyen, Head of IQI Vietnam. Download to see insights from other country marketsDownload

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Vietnam Property Market Outlook 2026: Infrastructure Corridors Lead the Next Growth Cycle

Vietnam’s Housing Market Enters a Selective Reset Vietnam’s residential market entered August 2026 in a period of consolidation. Prices remain relatively firm, but transaction activity is slower as buyers become more selective and borrowing costs stay elevated. During Q2 2026, developers launched approximately 12,000 primary condominiums across the enlarged Ho Chi Minh City market and more than 4,000 units in Hanoi. However, luxury absorption remained below 30% in Ho Chi Minh City, while Hanoi’s take-up rate eased to around 20%. Inner-city primary prices reached approximately USD 5,400 to USD 9,500 per square metre. Pressure was more visible in the secondary market, where prices declined 5% to 8% in Ho Chi Minh City and by as much as 12% in parts of Hanoi. Floating mortgage rates of 13% to 16% are encouraging some owners to lower asking prices. However, the market has not experienced widespread distress, while the new land-price framework is helping maintain a floor under development costs and headline prices.  Infrastructure Redirects Property Demand Vietnam has approximately 234 major infrastructure projects worth VND 3.4 quadrillion underway. These investments are shifting demand from crowded central districts towards better-connected suburban and regional corridors. In the south, growth is concentrating around the Ho Chi Minh City and Dong Nai corridor, supported by Long Thanh International Airport, new ring roads, expressways and Metro Line 1. Northern demand is moving towards Hanoi’s gateway districts and neighbouring Hung Yen and Bac Ninh. Da Nang is also showing stronger primary-market activity, supported by limited prime coastal supply. Outlook Vietnam’s next property cycle is expected to favour patience and careful asset selection rather than short-term speculation. With average gross rental yields near 3.85%, investment returns will depend increasingly on infrastructure-led capital appreciation. Legally clear projects with strong connectivity and genuine end-user demand should remain best positioned, particularly for buyers with sufficient holding power and a multi-year investment horizon. Download to see insights from other country marketsDownload

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Vietnam Property Market July 2026: Prices Rise as Liquidity Enters a Reset Phase

Vietnam Residential Market Enters a More Selective Cycle Vietnam’s residential market opened 2026 in a transition phase, with prices still rising but liquidity cooling. This suggests the market is moving away from easy speculative gains toward a more disciplined cycle. Residential prices rose around 12% year-on-year in Q1 2026, while liquidity fell nearly 40%. However, there was no sign of distress selling, pointing to a healthy reset rather than a sharp downturn. Primary condominium prices reached new highs across major cities. In Hanoi, average prices were around USD 3,950 per sqm, up 30% year-on-year. In post-merger Ho Chi Minh City, prices averaged around USD 3,900 per sqm, supported by new supply and limited premium stock. Supply also improved. Ho Chi Minh City recorded around 8,010 new condo launches, up 104% year-on-year. Yet affordability remains the key challenge, with much of the new supply priced above the level affordable to mass-market buyers.  Strong Fundamentals, But Investors Are More Careful Vietnam’s underlying fundamentals remain supportive. The economy grew 8.02% in 2025, while real estate FDI reached USD 389.5 million in Q1 2026, representing around 7.2% of total inflows. However, investor behaviour is changing. Demand is now concentrating on projects with clear legal status, reliable construction progress and long-term value. Satellite locations such as Binh Duong and Ba Ria-Vung Tau are gaining attention as central city prices continue to stretch. Outlook Vietnam’s property market is expected to remain attractive, but more selective. With average gross rental yields at around 3.85%, the market is less of a pure income play and more of a capital appreciation and infrastructure-led growth story. Buyers with strong holding power, careful project selection and a long-term view are likely to be better positioned than short-term speculators. Download to see insights from other country marketsDownload

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