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Vietnam Real Estate Market News

Vietnam Business » Vietnam Real Estate Market News » Luxury villa on the market continued Lacklustre

Luxury villa on the market continued Lacklustre

The villa and town house market has stagnated in Hanoi in the past two months, industry insiders said this week. was present, the number of transactions in villas and town houses have been reduced by 20% more than two months. Also look for the number of investors for the new property has been reduced by 50%, "said Le Xuan Truong, Executive Director of Web www. . batdongsan.com.vn

Meanwhile, NGOs said, Vinh, director of the Vinh Gia Construction Investment Ltd, his company has not had a single complete settlement agreement last month. Pham Thanh Hung, deputy director of Century Group, said property prices had mainly in the west of the city remained unchanged in recent weeks. Retail Site www.batdongsan.com.vn housing in Ciputra My Dinh and now costs the region VND90 million (U.S. $ 4.700) to VND140 million ($ 7.300) per square meter. In softer areas - such as PHAP Van Linh Dam, Van Khe, Van Phu - housing is among the millions ($ 2,100) to VND60 million ($ 3,100) per square meter of VND40. "Prices rose in May. Now is the time to buy more stable, so that it remains unchanged or slightly reduced," says Truong. "The sellers do not want to sell and buyers do not want to buy, so that the market is gloomy," says Truong. However, traders still believe the market is an investor. not "The market is now in a bad condition. It can get worse. buyers and sellers will wait. I think I will soon pour money into real estate, if given the opportunity," said Truong. According to a report by UK-based Savills, a medium-term, 59 new town house and villa projects in Hanoi are to be started. Most of them will be in Hoang Mai, Lang Hoa Lac, Ha Dong, Long Bien district and Tu Liem. It is estimated that 55% of them are area in Hoang Hoa Lang May county and Lac. Savills said it had nearly 8200 villas and townhouses 11.400 in the capital. Ha Dong is the most attractive region for investors, with about 3,400 apartments and 5,000 townhouses under construction.

Vietnam Business And Financial News Network. Source [stox.vn]

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