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Saturday, March 25, 2017 2:41:53 PM
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.
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Price up for high-end property
Real estate transactions stall in February
City aims for high-quality low-cost housing
Vietnam’s building code in a "messy" situation
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HCM City aims for sustainable realty market
HN to collect VNĐ10 trillion from auctioning land
Realty market outlook gloomy
PM urges stronger development of affordable housing
Experts back retail property sector
Property market to continue strong showing this year
M&A helps to jolt real estate
HN witnesses positive property market development in Q4
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
CPI below 5% target
At 6.21 per cent, country’s GDP below govt target
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