Real estate inventory is nearly VND28,000 billion

By the end of May 2017, the total value of real estate inventory in the whole country remained around VND 27,894 billion, according to the Department of Real Estate and Housing Market Management (Ministry of Construction).

In particular, the highest inventory value was concentrated in residential segment with VND 13,203 billion – equivalent to 3,375,871 sqm.

The pace of decline in real estate inventory has slowed

Next came the inventory of low-rise houses with 3,492 units, equivalent to VND 7,379 billion; 3,252 apartments worth VND 4,832 billion; Commercial land is 648,139 sqm with VND 2,480 billion.

Compared to the end of 2015, the total value of real estate inventory has decreased by VND 22,995 billion (over 45%). If compared with 2016, the value of inventory has decreased VND 3.129 billion (about 10.09%)

Real estate inventories continue to decline, but the pace of decline has slowed. Inventory is mainly land in projects far from the center without infrastructure.

Total inventory value of low-rise houses is about VND 7,000 billion

Comparison between the two major cities, the total inventory of real estate in Hanoi is still higher than the city. Inventory value in Hanoi was about VND5,451 billion, down only VND23 billion compared to the previous month.

Similarly, HCM inventory, inventory left about VND 5.183 billion, down VND 100 billion compared with April 2017.

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