Real estate sales up slightly in May
Real estate sales in May rose slightly month-on-month and compared to the first quarter this year, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.
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Successful transactions were mostly in mid and hi-end segments while affordable ones were not sold well due to limited supply.
During the month, the capital city of Hanoi recorded nearly 1,200 successful deals, up around 14% against last month, raising the five-month volume to about 5,400.
In southern metropolis Ho Chi Minh City, nearly 1,300 deals were reached, marking a 12% increase. In January-May, up to 5,870 transactions were successful.
Brokers said successful deals are mostly those lying near the downtown. Buyers also take into account transport convenience, facilities, apartment design, payment progress and value appreciation over time.
In Hanoi, major sales were predominant in the southwest, such as The Golden Palm in Thanh Xuan, Gelexia Riverside in Hoang Mai and Gemek Premium in Ha Dong with synchronous infrastructure.
Hi-end projects in Ho Chi Minh City also sold well such as Vinhomes Golden River Ba Son in district 1 and Ha Do Centrosa Garden in district 10.
Low-rise housing in Lucasta Khang Dien in district 2 and Thu Thiem Garden in district 9 saw considerable sales.
Tourism and resort properties in coastal localities such as Da Nang city, Nha Trang city in central Khanh Hoa province and Phu Quoc in southern Kien Giang province become attractive to investors at home and abroad.
