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 shrink to US$998 million as of November 2018
Linh Pham 11:49, 2018/12/12
The majority of inventories come from mid- and high-end housing projects (priced at least VND25 million (US$$1,086)/sq.m.
Vietnam’s real estate inventories were reported at VND22.97 trillion (US$998 million) as of November 2018, down 88% from the peak in the first quarter 2013. 
 
Deputy head Vu Van Phan at a meeting on Dec 11. Photo: Cafeland.vn
Deputy Director of the Housing and Real Estate Market Management Agency Vu Van Phan at a meeting on Dec 11. Photo: Cafeland.vn
Unsold products belong to projects without sufficient infrastructure or areas far from the central business district, according to the Housing and Real Estate Market Management Agency under the Ministry of Construction. 

The majority of inventories come from mid- and high-end housing projects (priced at least VND25 million (US$$1,086)/sq.m. Meanwhile, the supply of affordable housing remains thin. 

According to the agency, demand for low-cost housing makes up 70%-80% of the total market but this housing segment currently meets roughly 31% of the total area (12.5 million sq.m) by 2020 as the government planned.

Making remarks on the property market in 2019, the agency’s Deputy Director Vu Van Phan said that there would be no “property bubbles” in the next year but price hike might happen in some new residential areas with good utilities. 

Nguyen Vu Thien Diem, director of Thien Minh Group, meanwhile predicted the growth of apartment blocks, saying that this segment remains worth to invest in. 

Vietnam’s property market has recovered for the past three years after year-long standstill which was caused by speculation-caused bubbles. 

After the quiet transactions which lasted for years, the government has tightened non-performing loans, mostly lending in property. 
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.