According to the report of the Vietnam Real Estate Association (VNREA), in April 2017, the real estate market continued to show signs of growth, the transaction volume grew quiet, the price of real estate, in general, remained stable and continuous decline.
The report of the Vietnam Real Estate Association showed that, in April 2017, the transaction volume was quite good, concentrated in the segment of medium to high-end apartments or projects have been completed or the project has good progress. Especially the projects in the segment of middle and high-end apartments in a beautiful location, synchronous infrastructure are bought much for rent.
Offers increased slightly
In Hanoi, on April 2004, there were about 1,050 successful transactions (up 5% compared to March 2017), mainly in the following districts: Cau Giay, Tu Liem, Ha Dong, Hoang Mai, Thanh Xuan; the apartments with an area of 70 – 90 square meters are of great interest.
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In Ho Chi Minh City, there were about 1,170 successful transactions (up 6.4% compared to March 2017), concentrated in districts: 2, 7, 9, 10 and Thu Duc.
HCMC real estate market in May 2017 shows signs of good growth in the middle segment of the location and beautiful infrastructure. Major trading volume in some projects bordering centers such as District 2, District 7, District 8 and so on.
Real estate prices continue to remain stable; some projects are under preparation, projects with fast progress, good location, good infrastructure with a slight increase in asking price.
In Hanoi, most apartment prices have kept their prices stable. Adjoining houses, villas in some areas price increase slightly; Individual houses and land areas also have a slight price increase in some good transport infrastructure such as Tay Ho, Cau Giay, Hoang Mai.
The report also showed that the residential land segment in Dong Anh (Hanoi) has continuously increased recently. Up to April 2017, the strongest increase is the beautiful land lots with large frontage, can be business, increased 60 – 70%. The land plot in the village has a lower increase, ranging from 15 to 20%.
Real estate experts said that Dong Anh is completing the transport infrastructure and has facilities for social, commercial and entertainment services. It attracts many large investors as well as people with real needs.
Meanwhile, some areas in the South of Ha Dong have increased dramatically, especially land prices in urban areas and residential land near the Cat Linh – Ha Dong railway has increased from 10 to 15% compared with in the fourth quarter of 2016.
In Ho Chi Minh City, the price of housing is quite stable, some high-end projects have mitigation phenomenon as investors want to speed up sales.
Inventory of real estate remains about 1.25 million USD
According to the report of the Association, real estate inventory continued to fall, but the rate of decline has slowed down, mainly inventory land in the project far from the center without infrastructure.
As of 20/4/2017, the total value of real estate inventory still about $ 1.25 million, down from December 2016 is $ 117 million (down 8.55%), down from March 20 /2017 is $ 27.45 million).
Inventory of apartments is 3,441 units (4,969 billion); Inventory of low-rise buildings: 3,579 units (equivalent to $ 219 million); Inventory of residential land: 3,425,871 square meter (equivalent to $ 590 million); Commercial landholding: 666,139 square meter (equivalent to $ 111 million).
Also in May 2017, the number of newly established real estate firms increased sharply. Specifically, in the first five months of this year, there were 1,859 enterprises, increasing by 72.8% in enterprises and 43.8% of capital.
Experts believe that the real estate market in 2017 will continue to stabilize in 2016 and be strengthened thanks to the effective policies of the State to help the macro economy have the best conditions for a long and sustainable development.
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