In its survey on Hanoi’s real estate market in the first quarter of 2012, Savills Vietnam Co showed that the lines of products in the market continued to fall.
In details, in districts of Cau Giay, Tay Ho and Tu Liem the highest offering price for villas is at over 120 million dong per square meter while in Me Linh, Quoc Oai and Dan Phuong, the price is below 40 million dong/m2.
For adjacent houses, the price ranged between 2.6-19.3 billion dong and the average price reached 5.3-41.4 billion dong per unit.
For the flat segment, primary asking prices ranged from 19-64 million dong/m2. The absorption rate of the entire market reached only 7%, down sharply from Q4/2011. In particular, the Grade A saw the lowest percentage of sales and the Grade C reached the absorption rate of 11%.
Also according to Savills Vietnam, the third quarter of 2011 recorded three projects switching to the contract of sale, providing additional 580 apartments to the market. The total primary supplies from 34 projects that are putting up for sale were 9,800 flats. The secondary supply included 56,000 apartments in districts such as Tu Liem, Ha Dong, and Cau Giay.
According to the forecast of Savills, in the coming time, there will be 63 projects to join the market, of which 52 projects were identified to provide about 45,600 apartments to the market. - Source: Vietbiz24
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