In the third quarter, the Hà Nội condominium market witnessed small improvements in absorption with around 3,640 units sold. Compared to the previous quarter, the number of sold units grew by 1.5 times.
Investors who plan to participate in Viet Nam''s social housing market in the future should balance selling price, construction quality and sustainability factors to succeed in the market, experts said.
With the domestic housing market entering a period of stagnation, many construction companies of the Republic of Korea (RoK) have amended their business strategies, in which many choose Viet Nam as their destination, the RoK’s Newdaily newspaper reported.
The Ha Noi housing market is expected to continue its bright performance in the second half of 2022 due to the solid recovery of Viet Nam''s economy in the first half of the year
Experts have warned that the high rate of inflation will cause the domestic housing market to continuously see prices increase, but liquidity decrease.
While the HCM City housing market has gone quiet after the renewed pandemic, adjacent provinces like Dong Nai, Long An and Binh Duong has seen robust growth in 2021.
The Viet Nam Real Estate Brokerage Association forecasts the housing real estate market in 2021 to have more optimistic developments due to the effective prevention of the COVID-19 pandemic and domestic economic recovery momentum.
HCM City is removing legal bottlenecks to the housing market and the COVID-19 pandemic is under control, factors that will revive its construction materials market whose annual peak season begins in the first quarter.
The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said.