Although apartment prices are no longer skyrocketing, this segment still records the best liquidity compared to other product segments in the real estate market.
Customers accept new levels of apartment prices in Hanoi after surging in the past months, according to OneHousing, a site trading property products and other real-estate-related services.
Despite signs of transaction stagnation, apartment prices in several areas of some big cities like Hanoi and Ho Chi Minh City still increased during the second quarter of 2023, said the Ministry of Construction (MoC).
The primary prices of apartments are likely to increase about 5 – 7 percent 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.
The Vietnamese real estate market is poised for strong growth in the next 15 years, but the Government should prevent speculation to avoid a bubble and improve human resources and infrastructure.