HCMC leads country in real estate inventory

The real estate inventory value of Vietnam nears VND36 trillion (US$1.62 billion) at present and Ho Chi Minh City takes the lead with VND6,599 billion ($296.32 million), according to the latest report by the Vietnam Real Estate Association.

Apartment buildings for low income people in District 7, HCMC (Photo: SGGP)

Nationwide inventory value dropped over 29 percent equivalent to VND14,931 billion compared to last December and VND1,530 billion against the end of June.

Of these, housing land stock is the largest with about VND16 trillion, followed by low rises with VND9,890 billion, apartment buildings VND6,893 billion and commercial property VND3,255 billion.

In HCMC, the inventory level reduced by VND3,500 billion over last yearend and VND216 billion versus the second quarter this year.

The value was approximate VND5,823 billion ($261.47 million) in Hanoi.

By Ha Phuong – Translated by Hai Mien

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