Specifically, in the fourth quarter of 2016, 19 open-ended projects and 21 open-new projects provided Hanoi with 10,280 units, an increase of 81% compared to Q3 / 2016 and 28% over the same period of 2015. The number of new apartments in Hanoi has increased to 21,670 units, up 27% quarter-on-quarter and 35% from the same period last year.
This quarter, approximately 6,700 apartments have been sold to customers. The absorption rate of the market decreased by 2% compared to the third quarter of 2016 and decreased by 9% over the same period of 2015. The average asking price was $ 1,230 / sqm, up 2% from the third quarter of 2015 and increased by 1% over the same period of 2015.
In 2017, 77 projects will enter the market, providing more than 50,000 apartments, mostly Grade B projects coming from Hoang Mai, Thanh Xuan, Tu Liem and Ha Dong districts.
See more listings of apartments are selling in Ha Noi Capital: Apartment for sale in Ha Noi
Previously, in the third quarter of 2016, Savills said, market movements have slowed down due to months of conflict. In the third quarter of 2016, the total supply of the market reached 17,000 units, but the new supply was only 5,700 units (1,000 units lower than the second quarter). Apartment segment liquidity in Hanoi in the third quarter reached 5,700 units, down 6% compared with the second quarter (about 6,000 units) and decreased 15% year on year.
The results of this report reflect the relatively small number of new apartments offered for sale in the third quarter in Hanoi.
The reality of the market in the fourth quarter of 2016 witnessed a series of events introducing the project and selling apartments on the market. Specifically, as soon as the market steps into the fourth quarter, Vinh Hanh Company has opened more than 600 apartments in Tu Hiep Plaza. This is the project launching spat operations in the last quarter of the year and is the only low-cost housing project that is opening for sale in the gateway area south of the capital.
Also in the first week of the fourth quarter, Nam Cuong Group introduced the Anland complex, with more than 500 luxury apartments to the market. This is the first apartment project, marking the return of Nam Cuong Group after about 4 years “in hiding”.
Previously, in order to prepare for the semi-official operation will take place in the fourth quarter, shortly after the end of Ngau month, the real estate business in Hanoi has pushed to introduce new projects to market, such as Sun Group introduced the project of luxury apartments Sun Grand City Thuy Khue, Dai Viet Company Tri Tue introduced the project The Legend Nguyen Tuan, Tan Hoang Minh Group introduced the project D’Capitolale. Tran Duy Hung, Sunshine Group introduced 3 new projects in the high-end segment in Hanoi: Sunshine Garden, Sunshine Center and Sunshine Riverside.
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