The volume of successful real estate transactions in Hanoi and Ho ChiMinh City during the first quarter of 2015 increased nearly three timesfrom the figures recorded in the same period of last year, hitting 4,250and 3,950 transactions, respectively, according to statistics from theMinistry of Construction.
Hanoi has recorded 1,500 successfultrades so far this month, up 25 percent from February, while Ho ChiMinh City reported 1,400 transactions, a 30 percent increase.
Thanksto high liquidity, property inventory nationwide continued to drop,valuing at around 70.7 trillion VND (3.25 billion USD) as of late March,a 45 percent reduction or a 57.8 trillion VND drop from the firstquarter of 2013.
At the same time, nearly 11trillion VND worth of loan contracts have been sign under the 30trillion VND social housing credit package, up 15.8 percent from thefigure at the end of 2014. Of the loans, 6.28 trillion VND has beendisbursed, a 33.3 percent increase after three months.
DeputyMinister of Construction Nguyen Tran Nam said production andbusiness activities in construction and property showed signs ofrecovery during the reviewed period, while housing prices remainedstable.
Property trading floors across the country are bustling with a series of new offered projects.
Experts said Vietnam’s real estate will be an attractive investmentchannel for foreign investors this year, especially as Vietnam joins theTrans-Pacific Partnership agreement and signs other free tradeagreements which are expected to open additional opportunities in thefield.-VNA
Hanoi has recorded 1,500 successfultrades so far this month, up 25 percent from February, while Ho ChiMinh City reported 1,400 transactions, a 30 percent increase.
Thanksto high liquidity, property inventory nationwide continued to drop,valuing at around 70.7 trillion VND (3.25 billion USD) as of late March,a 45 percent reduction or a 57.8 trillion VND drop from the firstquarter of 2013.
At the same time, nearly 11trillion VND worth of loan contracts have been sign under the 30trillion VND social housing credit package, up 15.8 percent from thefigure at the end of 2014. Of the loans, 6.28 trillion VND has beendisbursed, a 33.3 percent increase after three months.
DeputyMinister of Construction Nguyen Tran Nam said production andbusiness activities in construction and property showed signs ofrecovery during the reviewed period, while housing prices remainedstable.
Property trading floors across the country are bustling with a series of new offered projects.
Experts said Vietnam’s real estate will be an attractive investmentchannel for foreign investors this year, especially as Vietnam joins theTrans-Pacific Partnership agreement and signs other free tradeagreements which are expected to open additional opportunities in thefield.-VNA
