Illustrative image. (Photo: VNA)Hanoi (VNA) –The real estate market will hot up in the remaining months of this year asdevelopers, including VinGroup and Eurowindow, are launching a large number ofmid-end projects, according to the Vietnam Real Estate Association (VNREA).
The VNREA forecastthat the mid-end segment will continue to be the market’s main driver as it hasdrawn most investment. With expected high sale volumes, the segment will helpincrease market liquidity, it said.
More than 9,000residential apartments of 35 projects were put for sale in Hanoi during thefirst quarter of 2017, 62 percent of which were mid-end homes. The segment alsoaccounted for over half of new launches in Ho Chi Minh City during the period,up 13 percent year-on-year.
In the remainingmonths of the year, the capital city is forecast to welcome more than 30,000new homes while the southern hub expects up to 36,000 items. Both markets willbe dominated by mid-end housing.
Projects in the westernarea of Ho Chi Minh City are catching investors’ eyes as infrastructure there isabout to improve with the launch of flyovers connecting Nguyen Van Cu andNguyen Tri Phuong bridges with Vo Van Kiet Avenue, as well as a number of publicfacilities, including a hospital in Binh Chanh district.
Projects in the westand southwest of Hanoi are predicted to continue making up the majority of thecity’s supply.-VNA
VNA
