Property stockpile 77% below peak

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Property stockpile 77% below peak

Vietnam News - 2/27/2017 9:28:21 AM

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Property inventories totaled more than VNĐ29.5 trillion (US$1.2 billion) as of February 20, dropping by nearly 77 per cent from its peak in the first quarter of 2013, statistics of the Ministry of Construction showed.

Nearly half the inventory value were in Hà Nội and HCM City.

Inventories were mainly in suburb areas with inadequate infrastructure

Successful transactions dropped slightly in January, the month of Tết, the national biggest holiday.

There were 1,300 successful transactions in Hà Nội, a decrease of 7.1 per cent over the previous month and 1,400 in HCM City, declining 3.4 per cent.

Purchases were mainly on mid- and high– end apartments.

Dương Thùy Dung from CBRE Việt Nam said that the market was shifting its focus toward affordable homes this year.

Newer News
17:06	Ministry requests Hà Nội to inspect rising prices of apartments
17/04	Real estate market has positive performances in Q1: VARS
05/04	Developers must verify with foreign homeowner's database before sales
28/03	Management of real estate brokers to be tightened
23/03	HCM City real estate market to recover in H2
23/03	Industrial real estate emerges out of storm
18/03	Lots of ground to cover to build 130,000 social housing units this year
12/03	Deputy PM urges resolving price manipulation for healthy real estate market
12/03	Limit set on interest rates of loans for social housing
21/02	Experts upbeat about real estate prospects

Older News
15/02	Vietnam’s building code in a "messy" situation
13/02	Ha Noi office and retailHa Noi office and retail competition heating up
13/02	HCM City aims for sustainable realty market
09/02	HN to collect VNĐ10 trillion from auctioning land
06/02	Realty market outlook gloomy
03/02	PM urges stronger development of affordable housing
02/02	Experts back retail property sector
21/01	Property market to continue strong showing this year
20/01	M&A helps to jolt real estate
12/01	HN witnesses positive property market development in Q4

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