CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Opinion
Apartment market in Hanoi shows signs of recovery
Vna/Hanoitimes 10:16, 2014/02/13
Analysts are predicting that 2014 will be a more successful year for the Vietnamese real estate market, after the year began with an increase in the number of apartment transactions.
In the first weeks of the year, several real estate transaction centres in Ha Dong and Linh Dam saw a remarkable increase in the number of customers seeking to buy apartments and houses costing from 1-2 billion VND.

 
With many measures taken by the government to solve difficulties facing property enterprises and efforts made by businesses in recent times, the real estate market is recording positive changes after a long spell in the doldrums. The liquidity of the market has increased once again, especially for apartments.

Thanks to the rosier picture, the inventory level has so far reduced almost 25 percent compared to the first quarter of 2013.

The price of housing has dropped sharply compared to the period between 2008-2010, with many projects having prices cut by 50 percent, returning to the 2006 price level.

The department said that the price of apartments in Hanoi will be stable this year, especially following a series of social housing projects and small and medium-size housing construction, while the real estate supply will be more abundant.

Under a programme on social housing before 2015, approved recently by the government, as many as 125,000 apartments are expected to be built in Hanoi.

The city has recently finished 18 major residential projects, with eight others to follow in 2014-2015.

The main supply sources of low-cost housing in Hanoi are now the Dang Xa 2 project in Gia Lam district, the Sai Dong-Rice City Song Hong project in Long Bien district and the Tay Mo- North Co Nhue project in Tu Liem district.

In addition, several developments of middle-class apartment buildings, including Kim Van-Kim Lu, Van Phu-Victoria and Trung Van-Vinacones 3, are also attracting the attention of customers.
Comments
Other news
17:01, 2025/01/09
Get it right! Reporting traffic violations is never a money maker
Is it easy, right and ethical for us to make money from the faults of others? Let's find out in today's Words on the Street.
21:13, 2025/01/02
Breaking traffic rules costs you a monthly payment? Play by the rules or accept the fines
Raising fines for traffic violations is an effective step toward restoring order in major cities and enhancing public awareness of road rules.
23:46, 2024/12/26
Pavement renovation: Shouldn't it be the responsibility for both government agencies and people?
Welcome back to the Words on the Street, where we look deep into the latest developments of Hanoi and the country.
00:33, 2024/12/24
From Nguyen Xuan Son’s spectacular debut for national football team: Vietnam – a land full of promises for talents
Welcome to Words on the Street by the Hanoi Times, where we provide the most authentic perspectives on the pressing issues of Hanoi and Vietnam.
23:32, 2024/12/19
Year-end parties: Time of joy or source of stress?
Welcome back to Words on the Street, where we take an in-depth look at the latest social fads in Vietnam.
10:44, 2024/12/12
Private funding for intelligent transport system in Hanoi
Faced with rapid technological change, Hanoi needs to seek key regional and global partners to learn and transfer the latest technologies.