City apartment of transactions peaked since 2010

20/02/2017   Viewed: 916
According to real estate index (Savills Property Price Index) has announced Savills Vietnam, HCMC 4/2016 quarter, nearly 10,200 apartments were traded, up 36% QoQ and 32% year on year, the highest since 2010.
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Trading volume higher apartments in HCM City Hanoi nearly 3,000 units. Illustration

In the last quarter of 2016, the housing price index rose 1 point HCMC quarterly and year by 3 points according to the average price from the sale of the new project opens higher than the previous year.

Absorption rate of about 23% in the quarter, up 4 percentage points on a quarterly basis and by 1 percentage point year on year. While class C continues to operate well, accounting for 49% of the total transaction volume, with more than 4,700 Class B units are sold, surged 60% QoQ and 6% year on year.

According to Savills, in the next 2 years the apartment market will receive a large amount of future supply, especially in middle and high segment. So housing price index is forecast to continue to rise in the next quarter.

Meanwhile in Hanoi, the housing price index reached 104.3 points, down 1.5 points on a quarterly basis and 3.9 points year on year prices fell by secondary proliferation of new supply.

Absorption rates on the primary market was about 31%, down 2 percentage points on a quarterly basis and decreased by 9 percentage points year on year. Apartment transaction volume in the quarter was only about 6370 units, up 19% QoQ and 5% year on year. Class B has the largest sales volume in the 7 recent quarter, approximately 2,940 units with 44% market share. Intake of Grade A significant increase in the highest rate since 2011, about 1,590 units sold. Future supply of large, focused on middle-class segment and affordable housing, mainly in Hoang Mai, Thanh Xuan, Tu Liem and Ha Dong.


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