Vietnam Real Estate News

Vietnam Housing Market News

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Boom in medium, low-cost apartments   2010-01-17 - VNS

Construction of apartment blocks are nearly finished at An Phu Ward, District 2, HCM City. Property investors are pouring money into low-and medium-priced apartments.

 More property investors are pouring money into low and medium-priced apartments as city residents are increasingly reluctant to take out loans to buy houses.

"The buyers are the main factor affecting the apartment segment, and investors are trending toward buying low-and medium – priced apartments that have a more normal income level," said Pham Thanh Hung, deputy general director of The Ky (Century) Joint-Stock Company.

More purchasing power was available for low – and medium-priced apartments in late 2009, and has continued this year.

By the end of January, all of the Belleza Phu My apartments in District 7 will come onto the market at a rate of VND17-18.5 million per square metre, according to Belleza Phu My’s co-investor Sacomreal.

Binh Tan District’s Le Thanh apartment sells for one square metre at VND10.9 million; Tan Phu District’s 584 Lilama SHB at VND13-13.9 million; District 7’s Ngoc Lan at 15.7 million; and Thu Duc District’s Newtown Apartment at VND13.0-16 million.

A study conducted by VietRees shows that ongoing projects would provide 8,500 apartments this year and another 10,000-15,000 in 2011, with the number of low – and medium-priced apartments at least four times higher than in 2008.

Most investors are optimistic about the low-and medium-priced apartment segment over the next two years, saying that estimated demand could increase to a further 75,000 within that time.

Other news

Hanoi’s Thirst For Second Homes   2010-01-06

Real Estate Market 2010 To Thaw   2010-01-05

Vietnam Financial Center To Break Ground Next Year   2009-12-23

Antique house market gathers in Khanh Hoa province   2009-12-15

The fate of Dubai World’s projects in Vietnam   2009-12-09

Office rental rates scorching hot after MOC’s decision   2009-11-30

No recovery in office rental sector   2009-11-29

Vincom stock rises to record on Singapore bond sale   2009-11-10

Speculators let high-end apartments pass   2009-11-10

Smooth Road Pledged For Real Estate Projects   2009-11-07

Foreign Investment Tumbles In HCMC   2009-11-03

Real estate unaffected by 2nd stimulus package   2009-11-02

65-storey building project kicked off in Hanoi   2009-10-22

Eximbank to become sixth listed bank   2009-10-22

Vietnam New Homes and Real Estate Development Projects

Binh Phu Condos and Townhomes

Phu Thanh Condominium Project

Hoang Anh Condos and Housing

An Lac Building

Hung Vuong Building

The Mansion Building