Apartments for middle class remain abundant
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.
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The information was released at a press conference on Hanoi’s real estate market in the first quarter of this year held by the Commercial Real Estate Services (CBRE) Vietnam Company on April 3.
According to Nguyen Hoai An, Manager of Research, Consulting and Asset Management Services at CBRE Vietnam, said that in the period, a total of 8,800 apartments of 39 projects were put on sale, with the middle-income segment making up the majority. The transaction prices ranged from US$800-1,500 per sq.m.
During January-March, around 6,600 apartments were sold, up 5% against the same period last year.
Notably, foreign investors stepped up the selling at such international markets as Singapore and China’s Hong Kong.
An said that the prices of apartments will witness a slight increase of 1-2% in the second quarter of 2018.
More apartment buildings are expected to be built in the outskirts of Hanoi where transport connectivity is convenient, she added.
She warned consumers of paying more attention to safety-related issues, including firefighting, when deciding to buy apartments.
