Statistics of Ministry of Construction show that apartments in cities across the country account for 3.72 percent of total housing area. Hanoi has the highest rate with 16.64 percent. The first position of Hanoi in apartment rate is explained by a series of major projects, which were and have been implemented, for example the system [...]
In 2010, the real estate price in Hanoi increased by 30 percent. In some areas the land prices increased by 100 percent or more. Experts say there are latent risks in Hanoi’s real estate market. Money pouring in again Despite simply owning a garage in Lai Chau town, Nguyen Van Tuyen e has four apartments [...]
As real estate prices in Hanoi become “toweringly highâ€, many investors in Hanoi think that they should no longer limit themselves to local investments, and Da Nang in the central region has become their new destination. Though the price of land in Da Nang has been escalating, the city remains an attractive location for real [...]
The suspension of 16 construction projects in Ha Noi has caused controversy among authorities in the city. The Ministry of Construction and the Ha Noi People’s Committee have yet to decide the fate of the projects, said Nguyen Tran Nam, Deputy Minister of Construction. Nam said the city must first finalise details of its development [...]
Real estate experts believe that the western area of the city will still be the most profitable area for investors in the time to come. However, the eastern area is also believed to bring good profit. Though the master programme for Hanoi development by 2030 has not been approved yet, the outlines of the programme [...]
Real estate market in the capital of Hanoi is expected to continue uptrend from now until the end of this year, according to real estate service firm Savills Vietnam. Strong economic recovery in the third quarter had driven up the office and retail sectors in the property market, the company said Hanoi’s office occupancy rate [...]
The Hanoi real estate market has fallen into the freezing state for two months and there are no signs of recovery in sight. Volume of successful transactions continues to drop in comparison with the previous three months. Although property prices have decreased a little, they remain unaffordable for most of buyers. On real estate exchanges [...]
While land prices in areas considered the “hottest†in Hanoi have declined, prices of land in “newly emerging†areas like Me Linh and Dong Anh have been climbing. After the Ba Vi land price fever cooled, Hanoi’s real estate market has become gloomy. Areas once considered the “hottest areas†in the last two years, like [...]
The development of the real estate market is not in line with the law of demand and supply and that is the main cause for high real estate prices in Hanoi. At the seminar, “Developing real estates in Hanoi: opportunities and challenges†held in Hanoi on July 27, Deputy Minister of Construction Nguyen Tran Nam [...]
Viet Nam National Real Estate Association general secretary Nguyen Van Minh wants the State to quickly complete a masterplan that includes regulations and a land fund to ensure the orderly development of the Ha Noi property market. The city’s administrators should create a land pool as well as comprehensive infrastructure based on the plan to [...]
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