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Sunday, 11/22/2020 14:06 PM (GMT + 7)
Hanoi is registering a number of projects in the peri-urban area with an expected price of 50-60 million VND / m2 for apartments and 200-300 million VND / m2 for commercial premises despite the strong increase in supply. The continuous increase in real estate prices makes it increasingly difficult for people with real housing needs.
After 5 years of renting a house and accumulating more than 500 million VND, Ms. Thu’s family – Mr. Dung (Ninh Binh) decided to borrow more relatives in the family and the bank to buy an apartment. 76m2 priced at VND 1.3 billion in Hoai Duc (Hanoi).
Ms Thu said that even though she had to work more than before, but in return, moving house will help them to freely buy the items they like to decorate their own home and especially the ones they don’t have to worry about. . the landlord threatened to raise the rent or move as before.
The mother of two admits that she once thought that condo and real estate prices would drop after the negative effects of the Covid-19 epidemic, this did not happen. According to her, in recent times, the housing market has increased steadily, and even in some areas, brokers have informed her family that prices have risen sharply.
Real estate transactions in Hanoi increased sharply in the third quarter of 2020
Also, unable to wait for apartment and real estate prices to drop due to the negative effects of the Covid-19 translation, in early October, Mr. Son (Thai Binh) decided to borrow from a bank to buy a 4-storey apartment with an area of 37m2 each. in Ha Dong with the price of 1.45 billion VND to stabilize family life.
The 34-year-old father shared that he had plans to wait for cheaper land and condos after the negative impacts of the Covid-19 epidemic in the past to find and buy, but the market movement is completely opposite, apartment prices. and residential land continued to increase steadily. He admitted that if he decided to buy a house in the first months of 2020, he could save a few tens of millions of dong compared to when the money to buy the house has just returned.
According to a report on the real estate and housing market for the third quarter of 2020 announced by the Ministry of Construction, in Hanoi there were 2,966 successful real estate transactions, which is equivalent to 219% in the second quarter. Successful transactions are mainly concentrated in the affordable segment.
According to the Ministry of Construction, house prices have not experienced a downward trend. Accordingly, the sales price of apartments across the country, for the middle segment of 20 to 35 million VND / m2, the high-end segment of 35 million VND / m2 or more.
In Hanoi, the sale price of affordable apartments is about 24.8 million VND / m2, mid-range apartments are about 31 million VND / m2, high-class apartments are about 37.7 million VND / m2.
House prices have yet to see a downward trend
The Construction Ministry report also said apartment prices in Hanoi increased by about 0.24% quarter-on-quarter. In particular, the price of mid-range apartments increased by approximately 0.44%, affordable apartments increased by approximately 1.02%; The high-end apartment segment decreased 0.07%.
Despite experiencing the second wave Covid-19, the Ministry of Construction assessed that the real estate market is gradually recovering and developing. The demand for housing, including affordable housing … remains great.
According to a survey by Savills, the selling price difference between downtown and the surrounding area is narrowing. In the Hanoi suburbs, the expected price phenomenon is expected to be VND 50-60 million / m2 for the apartment and VND 200-300 million / m2 for the store.
Ms Do Thi Thu Hang, Director of Research and Consulting at Savills Hanoi, said that this is the first time that Hanoi’s suburbs have high prices compared to projects located in the area between Belt 2 and Belt 3.
Mr. Nguyen Duc Them, Housing Business Manager, Savills Hanoi, said that housing prices in the segments are relatively reasonable. In relation to the Ho Chi Minh City market, the Hanoi market, even in the central area, has never registered prices up to 7,000 USD / m2 or 10,000 USD / m2.
In the last months of the year the condo market is expected to be more active
“Primary prices in the housing market will rise steadily each year and will not decline in 2020 despite the impact of two waves of epidemics,” added Mr. Add. The phenomenon of falling house prices usually belongs to secondary transactions, projects that have existed or “launched” on the market a year or a few years ago. With the inventory pool, the seller will have to devise sales policies with attractive incentives to liquidate that pool of goods. It is difficult for new projects to have a shock sale price policy or to reduce losses ”.
According to representatives of Savills Vietnam, in the last months of the year, the condo market is expected to be more active compared to the previous quarters when some developers officially launched after a long wait. The market has registered around 10,000 apartments of a current project and 11 projects in the future, however, products priced below VND20 million / m2 will not have many options.
Source: http://danviet.vn/chung-cu-ven-do-ha-noi-bat-ngo-dat-nhu-vang-50202022111472109.htm
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