September, 2017: Real estate trading fell sharply

27/09/2017   Viewed: 935
Department of Housing and Real Estate Market Management, Ministry of Construction said that real estate transactions in September 2017 tended to level off and decrease compared to the previous month due to the psychological effect of buying house in time this time
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According to reports of some investors and some real estate trading floors, in Hanoi in September 2014 there were about 1,200 transactions successfully, down 11% compared with August 2017.

Experts in real estate say that trading in the market is affected by the psychological avoidance of buying houses in July lunar calendar (September 9), along with the owners Investments are underway on new projects to prepare for the launch of the market at the end of the year, with no new projects being offered for sale during this period.

The main source of the market still comes from the projects that have been implemented and offered for sale from the previous period. It is noteworthy that the supply situation of medium-high-end apartments segment, lack of supply of apartments segment popular, social housing.

According to the Housing Management and Real Estate Market, since the beginning of the year, there have been few affordable housing projects and social housing has been kicked off because of the social housing development support fund Decree No. 100/2015 / ND-CP dated October 20, 2015 of the Government on development and management of social housing has not been implemented. Only a number of social housing projects kicked off since the beginning of the year have been implemented such as Kien Hung social housing project in Ha Dong district and social housing project in Tam Trinh district.

Some projects are of interest such as An Binh City - Pham Van Dong (North Tu Liem District), Imperial Garden Nguyen Huy Tuong (Thanh Xuan District), Sunshire Palace Project (Hoang Mai District). .

In Ho Chi Minh City, in September 2014 there were about 1,300 transactions successfully, down 7% compared with August 2017. However, the decrease was slightly lower than that of Hanoi. The main success of this period was the high-grade apartment segment with low construction density, high green space ratio, favorable location in the central area such as Vinhomes Golden River project (District 1), Sentosa Sentosa (District 10), Elite Park (Binh Thanh District) project.

Small and medium sized residential projects priced at over VND1 billion received a lot of attention from the market, but the supply was limited. Some of the projects implemented in the previous phase have a number of transactions such as Richmond City (Binh Thanh District), Metro Tham Luong (District 12), Richstar (Tan Phu District). Besides, the land market, adjacent houses, villas in the new districts with good infrastructure are also products with good trading volume in the market during this period, such as District 2, District 9.

Regarding prices, actual developments in the market show that real estate prices in September did not fluctuate compared to the same period last month.

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