Vingroup will dominate the villa market in the first quarter 2017

This is the information Savills Vietnam made in the report of the real estate market in Hanoi, quarter IV / 2016, announced on January 10 morning.

According to Savills, in the fourth quarter of 2016, total supply of villas, adjacent to the Hanoi market reached approximately 35,000 units, up 4.9% over the previous quarter and 12.8% over the same period last year.

In the first quarter of 2017, Savills said the supply of villas, mostly from Vingroup projects.

Four new projects and additional supply of four existing projects have provided the market with about 600 units, of which villas account for about 18%. Tu Liem, Ha Dong and Long Bien districts have the largest supply, accounting for 50% of total new supply.

Sales in the fourth quarter were also impressive with 766 transactions being carried out, an increase of 129% over the previous quarter, of which 64% were adjacent. According to Savills, sales of the villa segment, adjacent to record levels since 2011.

Market leaders in terms of volume were Tu Liem (24%) and Ha Dong (23%).

Expected in Q1 / 2017, there will be more than 2,300 villas, adjacent to the market. The supply came mainly from Vingroup’s projects.

the number of villas sold in Hanoi has reached record levels since 2011

For the apartment market for sale, Savills reported that in the fourth quarter of 2016, total primary stock was 21,670 units, up 27% quarter-on-quarter and 35% year on year.

There were 6,730 units sold, up 19% quarter-on-quarter and 5% year-on-year. The absorption rate decreased by 2 percentage points quarter-on-quarter and by 9 percentage points year-on-year, to 31%.

Average asking prices reached $ 1,230 / sq m, up 2% quarter-on-quarter and 1% y / y.

Savills forecasts that in 2017 there will be 77 projects entering the market, offering more than 50,000 apartments, mostly in the mid-end segment. Supplies mainly came from Hoang Mai, Thanh Xuan, Tu Liem and Ha Dong districts.

There will be 77 projects entering the market, providing 50,000 apartments in 2017, according to Savills

The serviced apartment market also experienced positive changes in the fourth quarter of 2016 with a supply of 4,028 units, up 5% quarter-on-quarter and 9% year-on-year.

Average capacity exceeded 87%, up 0.4 percentage points quarter and year. Average room rates fell 2.1% quarter on quarter and down 2.4% year on year. This is due to the sharp drop in Grade B (-4.8% quarterly and -4.5% year on year). The number of units for rent is positive in all categories, total more than 190 units.

In 2017, it is expected that 765 units from the three projects will come into operation. From 2018 onwards, 6/7 projects are expected to enter the market with about 800 units.

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