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Property stockpile 77% below peak
Source: VNS - 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
19/08 Rising demands for realty with long-term ownership
08/07 VN to boost professional real estate brokers
07/07 VN to boost professional real estate brokers
24/06 Property market heats up in Binh Phuoc province
19/06 Excitement rises in Vietnam’s real estate
13/06 NVL: Takes expo to introduce a range of projects
09/06 MoC: rules for condotels, officetels coming this year
03/06 Real estate market set for recovery as HCM City streamlines housing regulations
31/05 Real estate market set for recovery as HCM City streamlines housing regulations
29/05 Real estate sector advised to reduce dependence on bank credit
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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