Hanoi’s condominiums start to attract buyers

The real estate market has seen many positive signals when products have been brought on to the market so as to release inventories since mid April. Apartments of average prices between 22 million dong and 25 million dong have been enjoying significant popularity. New investors have been making the most of capital mobilisation from customers on mobilisation rate drop that are no longer alluring to depositors.

Therefore, the recent times have seen a series of new offers. Golden Land project (Nguyen Trai), for instance, now offers the price range of 25.5 – 27 million dong/sqm. Likewise, apartments with interior fittings included at Golden Palace project (Me Tri) have seen price falling to 30 – 33 million dong/sqm.

Also, New Skyline project is offering 115 apartments at 27.5 million dong/sqm and above. HANCO 9 has officially brought Berriver Long Bien’s project on to the market. Savills Vietnam has revealed their successful agreement to distribute apartments of Tay Ho Residence project in next July.

In addition, Maxland has recently introduced The Sun Garden project at 89 Phung Hung, Ha Dong, Hanoi with price ranging from 14 million dong/sqm to 16 million dong/sqm (excluding VAT) for areas of between 67 sqm – 103 sqm.

Currently, apartments in Ha Dong, Hanoi have experienced the most dramatic decline to even 14 million dong/sqm. The prevailing price ranges from 18 – 22 million dong/sqm. Such areas as Cau Giay, Dong Da, Tay Ho and Hai Ba Trung have witnessed price hovering between 24 – 35 million dong/sqm.

 

Category: Business