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Real estate market in quarter 1/2018: Stable development, good liquidity

the real estate in HCMC

According to the latest report of the Housing Management and Real Estate Market (Ministry of Construction), the real estate market in the country in the first quarter of 2018 still maintained stable development level, ensuring liquidity.

Maintain stable growth rate

The report of the Department of Housing Management and Real Estate Market (Ministry of Construction) shows that housing transactions are still quite active in some projects that investors open for sale at the end of the year and the projects are about to be handed over.

However, due to the effect of the long holidays and the psychology of buying and selling of houses often slowed down at the beginning of the year, the volume of successful transactions in Q1 / 2018 decreased slightly compared to the last months of 2017.

Specifically, in Hanoi in the first quarter / 2018 about 4,000 successful transactions, down about 5.9% compared with the fourth quarter 2017.

A number of apartment projects are being deployed with favorable infrastructure locations, synchronous residential facilities, rapid construction progress and some projects are in the process of being handed over many customers as ordered. Projects in Cau Giay district and Tay Ho district.

In addition, the projects have small apartments, good location, reasonable price, reputable investors are also interested many customers to inquire and order.

Meanwhile, in Ho Chi Minh City in the first quarter / 2018 there were about 4,500 transactions successfully, down about 7.14% compared with the fourth quarter 2017. Successful transactions were made in well-run projects and convenient roads in the central districts such as Thu Duc Distric, District 2, District 9.

the real estate in HCMC
Apartment price in the city. Ho Chi Minh City in the first quarter / 2018 increased slightly

In addition, some high-grade apartment projects in the central district newly introduced by investors, sales also received much interest from customers such as Kingdom 101, District 10 The Phu Gia Hung project, Go Vap district…

Regarding prices, in Hanoi, apartment prices in the first quarter of 2018 slightly increased by 0.19% compared with the fourth quarter of 2017, of which the luxury apartment segment increased by 0.33% Intermediate-level housing prices fell by about 0.01% and low-end apartments increased by 0.84%. For single-detached houses, prices increased slightly by 1.13% compared to Q4 / 2017.

Apartment price in the city. In the first quarter of 2018, Ho Chi Minh City also increased slightly by 1.24% compared to Q4 / 2017. In which for high-end apartment segment prices increased about 0.41%, middle-class apartment prices increased by 1.53% and average apartment prices increased by 1.45%. For single-detached houses, prices increased by 3.01% compared to Q4 / 2017.

Ensure liquidity

As of March 20, 1818, the total value of real estate inventory was about VND 24,763 billion, down 80.74% compared to the peak in the real estate market in  quarter I / 2013. This shows that the liquidity of the real estate market is still guaranteed.

If compared with 20/12/2017 decreased VND619 billion, down 2.44% and compared with the time of the first month in 2018 decreased VND395 billion.

In which the inventory of residential land still occupies a large value with about 3,016,261 sqm, equivalent to VND 11,945 billion; followed by inventory of 2,971 units, equivalent to VND 6,804 billion; Inventory of apartment buildings accounted for about 2,654 units, equivalent to VND 3.853 billion and commercial land inventory of 552,771 sqm, equivalent to VND 2.161 billion.

estate in HCM City
The real estate market in the country still ensures liquidity

The total value of real estate inventory in the city of Hanoi as of March 20, 1818, about VND 5.257 billion, compared with the peak in the first quarter of 2013 has decreased VND 11,803 billion, down 69.19% The compared to December 20, 2017 decreased VND 36 billion, down 0.68%; down VND 16 billion compared with  January 20, 2018.

As of March 20, 1818, the total value of real estate in HCM City was about VND 4.558 trillion dong, down by VND 24.184 billion, down 84.14 percent from the peak in the first quarter of this year, compared with December 20, 2017 decreased by VND 112 billion, down 2.4% and compared with the same period of the first month in 2018 decreased VND 64 billion.

According to Nguyen Tran Nam, Chairman of the Vietnam Real Estate Association, former Vice Minister of Construction, the liquidity of the real estate market is still very good, many new projects are being headed by the owners. Private continued to be started, open to market. Real estate inventory continued to decline but the volume of inventory value was concentrated mainly in projects far from the center, lack of technical infrastructure and synchronous transport connections.

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Real estate market in quarter 1/2018: Stable development, good liquidity
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