Real estate transactions reduces, prices increase in first quarter

SGGP
The real estate market saw transaction reduction in both Hanoi and HCMC during the first quarter this year and price increase of 7-10 percent over the same period last year, reported Vietnam Real Estate Association yesterday.

A new apartment block in District 8, HCMC (Photo: SGGP)

A new apartment block in District 8, HCMC (Photo: SGGP)

Compared to previous months, the prices were up 1.5-3 percent, the association said.

Meantime, transactions reduced over the end of last year and the same period last year to 18,338.

In the HCMC market, the transaction volume reached 9,808 apartments measured 742,700 square meters. The most traded type is middle apartments while high grade ones saw slow liquidity.

Hanoi recorded 3,624 apartments, equivalent 321,300 square meters, were sold.

There was no new low cost and social housing project in the first quarter.

By BICH QUYEN - Translated by Hai Mien

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