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 / Economy / Real estate
Vietnam property inventories plunge to US$992 million as of end-2018
Linh Pham 11:33, 2019/01/07
The value went down 82.24% from the peak in the first quarter 2013.
Vietnam’s real estate inventories declined to VND22.83 trillion (US$992 million) as of December 20, 2018, falling 10.07% on year. 
 
Illustrative photo
Illustrative photo
The value went down 82.24% from the peak in the first quarter 2013, the Ministry of Construction said at a meeting on January 4, without giving no details about the inventories.

The ministry added that as of December 20, 2018, Vietnam consumed and exported a total of 95 million tons of cement, up 12% on year, produced 705 million sq.m of ceramic tiles, five million sq.m higher than the volume in 2017. 

In 2018, property developers built roughly 58 million sq.m of houses. The area of affordable housing totaled 290,000 sq.m. 

So far, the average housing area is 24 sq.m per person.
Comments
Other news
15:42, 2025/02/19
Around 70,000 new apartments to be delivered in Hanoi
Hanoi’s apartment market is on the rebound and entering a new cycle, with prices remaining high due to strong demand.
21:03, 2025/02/10
Hanoian needs $8,000 monthly on average to buy home: analysis
A middle-income family earning around US$1,200 a month will struggle to afford a new home in Hanoi.
22:45, 2025/01/15
Industrial property benefits from surge in high-tech investment
Vietnam is emerging as a strategic destination for major technology firms given its favorable geographic location within the global supply chain.
08:31, 2025/01/15
Vietnam's property market rebounded in 2024, driven by reforms and transparency
Nearly 81,000 units were available for sale in 2024, up more than 40% on year.
22:24, 2025/01/09
Hanoi's new appartment supply triples to highest level since 2020
In 2025, the new supply of apartments in Hanoi is expected to remain robust, reaching over 31,000 units, higher than in 2024.
16:20, 2024/11/20
Hanoi to add nearly 6,000 social housing units by 2025
The construction of social housing in the capital has reached only 9% of the target set in the plan to build one million social housing units by 2025.