Apartments for middle-income people remained hot for consumers, accounting for three quarters of the total apartments put on sale in the first three months of 2018.
Apartments for middle-income people remain hot for consumers in the first quarter of the year. (Photo: VNA)
Hanoi (VNA) – Apartments for middle-income people remained hot forconsumers, accounting for three quarters of the total apartments put on sale inthe first three months of 2018.
The information was released at a press conference onHanoi’s real estate market in the first quarter of this year held by the CommercialReal Estate Services (CBRE) Vietnam Company on April 3.
According to Nguyen Hoai An, Manager of Research, Consultingand Asset Management Services at CBRE Vietnam, said that in the period, a totalof 8,800 apartments of 39 projects were put on sale, with the middle-incomesegment making up the majority. The transaction prices ranged from 800-1,500USD per sq.m.
During January-March, around 6,600 apartments were sold, up5 percent against the same period last year.
Notably, foreign investors stepped up the selling at suchinternational markets as Singapore and China’s Hong Kong.
An said that the prices of apartments will witness a slightincrease of 1-2 percent in the second quarter of 2018.
More apartment buildings are expected to be built in theoutskirts of Hanoi where transport connectivity is convenient, she added.
She warned consumers of paying more attention tosafety-related issues, including firefighting, when deciding to buyapartments.-VNA
Prices of apartments in the local market in the first 10 months of the year witnessed a downward trend, Ha Quang Hung, deputy director of the Department Housing Management and Real Estate Market under the Ministry of Construction, said.
Foreign investors are eyeing real estate projects in the northern region, particularly Hanoi, as they see the region’s potential, heard a conference held by CBRE Vietnam Company on January 4.
Vietnam witnessed positive development in the real estate market in 2017 with increased transactions of apartments and reduction in real estate inventory.
Last year witnessed many mergers and acquisitions (M&As) in Vietnam’s real estate sector, and foreign investors’ interest in the market is forecast to continue in 2018.
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest real estate owners in Vietnam so far, according to a survey recently announced by the CBRE Vietnam.
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Apartments for middle-income people remain hot for consumers in the first quarter of the year. (Photo: VNA) 
