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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
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03/12 Property firms look to stocks for capital
29/09 Property sector calls for rethink on bank loans
25/09 Property developers diversify
17/09 Hà Nội to build 48.5-hectare urban area in Bắc Từ Liêm
25/08 Biên Hoà property market booming
20/08 City condo market begins to recover
07/07 Hà Nội condo market slows in Q2
16/05 Hà Nội to crackdown on delayed projects
09/05 Fallow projects amidst land plot fever
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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