Residential land in Dong Anh has continuously increased in recent times. As of April 2017, prices for large frontage plots could increase by 60-70%. The land plot in the village also increased from 15 to 20%.
According to the Vietnam Real Estate Association (VnREA), in April 2017, property prices in general remained stable. Particularly, some projects have been completed and have good progress, good location, good infrastructure and reasonable prices.
In Hanoi, apartment prices are largely stable. Medium-grade condominiums tend to decrease due to new supply; adjacent houses, villas in some areas increased slightly. Individual houses and land area also have slight increase in some good transportation infrastructure such as Tay Ho, Cau Giay, Hoang Mai.
Remarkably, the residential land segment in Dong Anh has continuously increased recently. Only in April, the strongest increase was in beautiful land lots (with big frontage, business can be) – up to 60 – 70%. The land plot in the village has a lower increase, ranging from 15-20%.
Experts on real estate price increase, real estate experts said that Dong Anh is improving the transport infrastructure and there are facilities for social utility, commercial services, amusement park should collect attracting many large investors as well as people with real needs.
Similarly to Dong Anh, the southern area of Ha Dong over the past time prices spike, especially land prices in urban and residential land near the Cat Linh railway.
Regarding the price level (ranging from VND1.3 to 1.7 billion / unit), some projects have increased by VND 1-2 million / sqm compared to the first phase of selling. Looking ahead, prices may be adjusted up in the next open.
VnReA’s report also said that in April 2017, the market recorded 1,050 transactions successfully (up 5% compared to March 2017), mainly in the districts of Cau Giay, Tu Liem, Ha Dong, Hoang Mai, Thanh Xuan. The apartments with an area of 70 – 90sqm are the objects most interested customers.
At HCMC has successfully traded about 1,170 (up 6.4% compared to March 2017), concentrated in 1, 2, 7, 9, 10, Thu Duc.
VnREA adds HCMC real estate market. HCM in May, 2017 showing signs of good growth in the middle segment with location and beautiful infrastructure. The number of transactions in some projects adjacent to the center as District 2, District 7, District 8 …
The report also recorded total value of real estate inventory up to April 28, 1974 of VND 28,369 billion, down from December 2016 is VND2,654 billion (down 8.55%), down from 20 3/2017 is VND 624 billion).
In particular, the inventory of apartments is 3,441 units (VND 4.969 billion); Inventory of low-rise buildings: 3,579 units (equivalent to VND 7,473 billion); Inventory of residential land: 3,425,871 sqm(equivalent to VND 13,402 billion); Commercial landholding: 666,139 m2 (equivalent to VND 2,525 billion).
In a related event, on June 5, 2017, Hanoi People’s Committee, BRG Group and Sumitomo Corporation signed a cooperation agreement to develop smart city in the North of Hanoi (on both sides of the route of Japan Tan – Noi Bai) with a total value of more than $ 4 billion.
Accordingly, BRG Group is the investor planning detailed 1/500 for the entire area of 2080ha two sides of the route Nhat Tan – Noi Bai. Therefore, this cooperation agreement to invest, develop and transform the planning project into reality will certainly be done BRG Group in a serious and serious way.
Sumitomo Corporation is one of Japan’s largest commercial and investment corporations, with a history of nearly 100 years. In Vietnam since 1955 with a representative office and established Sumitomo Corporation Vietnam Ltd. in 2007, Sumitomo Corporation has invested and participated in many outstanding projects.
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