The domestic property market reported more sales in January compared to December 2017, according to the Ministry of Construction’s Housing and Property Market Management Department. (Photo cafef.vn) Hanoi(VNA) – More sales were recorded in the domestic property market in January as comparedto figures in December 2017.
According to the Ministry of Construction’s Housing and Property MarketManagement Department, the capital city reported 1,650 transactions, anincrease of 13.8 percent and the southern metropolis Ho Chi Minh City had1,900, a rise of 8.6 percent over December’s figures.
In Hanoi, many housing projects have been completed and offered with attractivetrade promotion programmes. The offerings are in the high- and mid-end segmentsand are located in convenient places. There are many kinds of area and paymentmethods can be flexible, the department said.
Some projects had many sales in January, including Season Avenue, Ha Dong; AnBinh City-Bac Tu Liem; Sunshine Riverside Tay Ho and Romance Plaza, Ha Dong.
Average offered price of an apartment in January rose 0.14 percent against theDecember price, of which, the price surged 0.17 percent for high-endapartments, 0.05 percent for mid-end apartments and 0.56 percent for affordableapartments.
Price of house on land had an increase of 0.24 per cent compared with December.
Liquidity on the HCM City property market also increased in January. High- andmid-end apartment segments reported many sales.
Customers paid attention to apartments having one or two bedrooms and price atabout 1 billion VND (44,000 USD) per unit, but the supply was low.
Projects reporting many transactions included New City Thu Thiem, District 2;Saigon Intela-Binh Chanh District; and Melosa Garden, District 9.
Average selling price increased 0.24 percent for apartments and 0.81 percentfor house and land.
The price declined 0.05 percent for high-end apartments, but rose 0.33 percentfor mid-end apartments and 0.53 percent for affordable apartments.
The department said that by January 20, the value of the property inventorystood at 25 trillion VND, a drop of 19 percent from the previous month.
The value of property inventory in January was 5.27 trillion VND in Hanoi, 19billion VND lower than the value in December.
In HCM City, the property inventory was 4.62 trillion VND, a fall of 47 billionVND.
The department also had a report on development of resort property, the hotspot on the property market.
In the report, the Ministry of Construction appraised 71 "condotel"and "officetel" projects that have been built nationwide since 2015.
Meanwhile, provincial and municipal authorities have given licences to developmany more projects.
However, many difficulties have arisen over investment, construction, tradingand management of operation for those projects, the department said.
Therefore, the ministry has proposed that the Prime Minister direct ministriesto solve them.-VNA
VNA
