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The Real Estate Market In Hanoi Is Strongly Segmented

In the recent sale of a project in Van Giang, Hung Yen (bordering Hanoi), many people surprised to see customers queued waiting to buy from the day before. The opening of the sale earlier this year, the demand is also many times higher than the number of existing units make investors draw the right to buy.

The latest information from the investor: After more than a month, the unit has sold all 2,000 apartments in this project. After that, the purchase price has gone from the sale price ranged from a few dozen to hundreds of million each.

At another project mainly focused on the small apartment group in My Dinh area, Nam Tu Liem district has been doing well since its launch in the beginning of the year. “We do not have a small apartment for sale yet, although many customers are still looking for this product,” the owner said.

Opened for sale from the beginning of the year, some real estate projects in My Dinh (Nam Tu Liem), Nguyen Huy Tuong, Nguyen Tuan (Thanh Xuan) … still quite well. Along with that, most apartments appear immediately when prices hit the market.

The real estate market in Hanoi
At another project mainly focused on small apartment area in My Dinh area

However, this situation only occurs in some projects with good construction progress, prestigious investors and especially for apartments with the small area of 45 sqm– 65sqm, prices from VND700 million toVND 1.6 billion. Conversely, in the majority of trading projects have been leveled since the beginning of the second quarter. Even due to low liquidity, some investors stop marketing and advertising plans.

Mr.Nguyen Ngoc Quynh, Real Estate Manager of Real Estate Land House, admitted recently that property transactions in the real estate market have been considerably slower than in the first quarter and the end of last year. According to him, the cause of this situation is both from policy and market factors.

“The suspension of new contracts with the 30 trillion dong credit package, the Circular 36 on real estate credit has not been small, and the real estate market has often declined in the second quarter of the year. Then accelerate at the end of the third quarter, “said Mr.Quynh.

However, according to the floor leader, there are projects that recorded the speed of sales quite good due to the advantages of progress, infrastructure and especially the introduction of good products, suitable to market demand. The price of each apartment is about one billion.

The real estate market in Hanoi
The apartment area is 45 – 65m2, prices from 700 million to 1.6 billion.

“The recent good sales projects are mostly small, about 40-60sqm, suitable for rent or small families, young individuals, successful. The importance of design, interior, along with infrastructure, good utilities … I think, it is important that they launch good products, hit the customer group and market psychology, “said Mr. Quynh.

~~>>See more information about the real estate news here: Vietnam real estate news

Mr.Lai Van Tu – Director of Phuc Ha real estate floor also said that macroeconomic policies in recent times made real estate liquidity slow down, even some projects have no transactions. However, the state of the fever still occurs in some projects that clearly show the market is lacking any segment, what customers need in the owner.

According to Mr.Tu, recent home buyers have largely been serving real needs and are young. Therefore, they are also quite strict and pragmatic in choosing apartment products.

“It is enough to live and live in small families with good facilities and infrastructure.” With these apartments, if they do not have to live they can invest and easily rent out. ” Mr. Tu said.

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The Real Estate Market In Hanoi Is Strongly Segmented
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