Real estate market remains stable at beginning of year - VIETTRA HOUSINGVIETTRA HOUSING

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Real estate market remains stable at beginning of year
Posted on: February 2nd, 2016 by admin

The latest report of the Housing and Real Estate Management Department (under the Ministry of Construction) revealed that Vietnam property market in January 2016 remained stable in field of price despite more successful housing transactions.

According to statistic of the Department, Hanoi real estate market saw 1,600 successful transactions last month, up 3% year-on-year.  In the capital, housing projects offered for sale in January include Goldmark City in Cau Giay District, Hanoi Landmark 51 and Season Avenue in Ha Dong District, Mon City in Tu Liem District. With favorable locations, various-sized apartments and flexible payment methods, these projects are expected to meet diverse demand of homebuyers.

The same sales volume is also reported for Ho Chi Minh market, rising by 3% month-on-month and 10% year-on-year. Notably, the market’s liquidity has improved. Among nearly 1,600 transactions recorded last month, there are more transactions for small-to-medium-sized apartments with 1-2 bedrooms and average price of VND1 billion each.

Some outstanding projects with good sales include Diamond Lotus Lake View in Tan Phu District, Hung Phat Silver Star in Nha Be District and The EverRich Infinity in District 5.

Meanwhile, Thao Dien Pearl and Villa Riviera in District 2, Thu Duc Garden Homes in Thu Duc District dominated the villa and townhouse segment.

When it comes to price, the report said both the two cities saw quiet stable prices in January, excepting from a slight increase in some projects with favorable locations such as some apartment projects in Hanoi’s Cau Giay, Nam Tu Liem and Ha Dong districts as well as Mega Ruby in District 9 and Vinhomes Central Park in Binh Thanh of Ho Chi Minh.

According to Ngo Quang Phuc – Deputy Director of Him Lam Corporation, more new housing projects launched onto the market this year will bring more options to homebuyers but higher pressure on property developers.

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