Monday, July 24, 2017 5:26:05 AM - Markets closed
VN-INDEX 761.86 -6.55/-0.85%
HNX-INDEX 97.96 -0.69/-0.70%
UPCOM-INDEX 56.35 +0.06/+0.11%
Property stockpile 77% below peak
Source: VNS - 2/27/2017 9:28:21 AM
 (0 ratings. You must sign in to rate.)
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
28/04 Intellectual property key for firms
25/04 Association sees busier property market in Q2
19/04 HN five-star hotel occupancy up to 74%
13/04 Foreign cap to be focused at annual shareholder meetings
23/03 Mapletree openes its first office development in Vietnam
20/03 Price up for high-end property
07/03 Real estate transactions stall in February
01/03 City aims for high-quality low-cost housing
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
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:01:01 PM
VN-INDEX 761.86 -6.55/-0.85%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.