Land prices in Hanoi stayed at high price levels in the third quarter, while they decreased slightly by 5-7% in some projects in Ho Chi Minh City, according to Ministry of Construction’s (MOC) real estate bulletin on the third quarter.

The pandemic and social distancing have not restrained apartment price increases. Even with VND1.5 billion, it’s difficult to buy an apartment in the Hanoi suburbs.

The primary prices of apartments are likely to increase about 5 – 7% annually over the next three years due to higher product positioning and expectations for more launches of high-end apartments in prime and central locations, according to CBRE Vietnam.

VOV.VN - Although Vietnam was badly impacted by the COVID-19 pandemic in the first two quarters of the year, its real estate market has still received 500,000 new supplies, representing an annual increase of 270%.

Contrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends.

Despite the pandemic impacting the resort, hotel and rental market, the housing and apartment segment still has projects for sale at record prices.

VOV.VN - A Chinese citizen wanted by the Chinese police has been arrested at an apartment building in Hanoi, the capital of Vietnam, the local police said on July 20 evening.

VOV.VN - Prime Minister Pham Minh Chinh on July 11 made a fact-finding trip to field hospital No 3 for COVID-19 treatment in Ho Chi Minh City, which is the largest coronavirus hotspot in Vietnam.

VOV.VN - Vietnam has recorded an additional 633 coronavirus cases in 13 cities and provinces nationwide during the past six hours, including 600 cases in Ho Chi Minh City alone.

VOV.VN - Ho Chi Minh City, the largest coronavirus hotspot in Vietnam, is ready to convert blocks of apartment in resettlement areas into field hospitals as the number of COVID-19 infections continues to rise in the community.