According to the Ministry of Construction, in April, the real estate market continued to show signs of growth, real estate prices remained stable, trading volume increased significantly, inventories continued to decline.
Particularly, in April, the volume of transactions was growing quite well, mainly in a medium apartment and high-end apartment segments with the average area or completed projects or projects having good progress. Especially, the projects in the segment of the middle and high-class apartment in a nice location, synchronous infrastructure have been bought much for rent.
Real estate prices have continued to remain stable. Some projects are under preparation, projects with fast progress, good location, good infrastructure have offered a slight increase in asking price.
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In Hanoi, most of the apartments have been kept the stable prices. But houses, the prices of the villas in some areas have increased slightly; individual houses and land areas also have slightly increased in the cost of some good transportation infrastructure such as Tay Ho, Cau Giay, Hoang Mai.
Meanwhile, in Ho Chi Minh City, housing prices are quite stable, some high-end projects have mitigation phenomenon because the investors want to speed up sales.
According to the Ministry of Construction, real estate inventory in Ho Chi Minh City last month has continued to decline, but the rate of decline has slowed down, mainly inventory land in the project far from the center has no infrastructure. As of 20/4/2017, the total value of real estate inventory is still about $1,290,000,000, down from December 201616 is $120,650,000 (down 8.55%), down from March 20th, 2017 of $28,370,000).
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In order to develop a stable, smooth and efficient real estate market, the Ministry of Construction is continuing to implement solutions to control the development of the real estate market as planned; continuing to restructure the real estate market, coupled with the implementation of the National Housing Development Strategy, especially social housing; overcoming phase-gap supply and demand, diversify the variety of residential property goods; promoting the development of social housing rental housing, social housing urban areas, housing for workers …
Ministry of Construction said that they would strengthen the inspection and supervision of the law enforcement of housing and real estate market nationwide. Along with that, to continue directing and urging the localities to accelerate the renovation of old endangered condominiums and overdue in urban centers, especially in the capital Hanoi and Ho Chi Minh City.
On the other hand, they will continue to complete information system software, a database on housing and real estate market to transfer and guide the implementation.
You are reading the article “The First 4 Months Of 2017: Real Estate Transactions Increased Well, Inventory Status Continued To Decreased” in the section “Real Estate News” on the website: realestatevietnam.com.vn
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