Real estate inventory reduces $127 mil in one month

Real estate inventory was recorded at VND77.8 trillion from November1 to 20, a reduction of VND2.7 trillion (US$127 million) over the same period in the previous month, reported Vietnam National Real Estate Association.

A housing project in District 9, HCMC(Photo: SGGP)

Compared to the first quarter last year, it dropped over VND50.7 trillion, equivalent to 39.47 percent.

The inventory reduction mainly concentrated in the segments of small and low cost apartments, completed projects, and areas with good infrastructure.

It includes 15,774 apartments worth VND24.1 trillion, 13,000 houses worth VND21.3 trillion, 8.6 million square meters of housing land worth VND27.8 trillion, and 1.6 million square meters of commercial land worth VND4,545 billion.

By Khoi Nguyen – Translated by Hai Mien

Other news