Vietnam’s real estate inventory was estimated at 67.4 trillion VND (3.13billion USD) by the end of May this year, according to statisticsrecently announced by the Ministry of Construction (MoC).
This estimated value showed a reduction of over 1.3 trillion VND (62.2million USD) compared to April and a fall of 47.5 per cent compared withthe first quarter of 2013.
Statistics indicated that propertyinventory in the apartment segment was at 12,908 units, worth 19.79trillion VND (920 million USD), while that of houses was 9,066 units,worth 16.13 trillion VND (750 million USD).
The inventory ofresidential land was 8.4 million square metres, worth 26.97 trillion(1.25 billion USD), and commercial land - at 1.6 million square metres,worth 4.5 trillion VND (209 million USD).
In the first fourmonths of 2015, there were 5,850 successful transactions, an increase oftwo fold and a half compared to the same period of 2014.
Outstanding real estate loans in the first quarter were valued at 333.7trillion VND (15.4 billion USD), up 2 percent compared to the sameperiod last year.
The MoC figures also indicated that housing prices were more stable compared to two years ago.
In the first quarter of this year, the price of nearly-completedprojects increased slightly, about 5-10 percent compared to the sameperiod last year, particularly those at convenient locations withcomplete technical and social infrastructure.
The market'sstructure also changed, with 60 projects converting from commercialhousing to social housing, with 38,897 apartments, and 74 others askingto reduce the size of apartments to meet market demand.-VNA
This estimated value showed a reduction of over 1.3 trillion VND (62.2million USD) compared to April and a fall of 47.5 per cent compared withthe first quarter of 2013.
Statistics indicated that propertyinventory in the apartment segment was at 12,908 units, worth 19.79trillion VND (920 million USD), while that of houses was 9,066 units,worth 16.13 trillion VND (750 million USD).
The inventory ofresidential land was 8.4 million square metres, worth 26.97 trillion(1.25 billion USD), and commercial land - at 1.6 million square metres,worth 4.5 trillion VND (209 million USD).
In the first fourmonths of 2015, there were 5,850 successful transactions, an increase oftwo fold and a half compared to the same period of 2014.
Outstanding real estate loans in the first quarter were valued at 333.7trillion VND (15.4 billion USD), up 2 percent compared to the sameperiod last year.
The MoC figures also indicated that housing prices were more stable compared to two years ago.
In the first quarter of this year, the price of nearly-completedprojects increased slightly, about 5-10 percent compared to the sameperiod last year, particularly those at convenient locations withcomplete technical and social infrastructure.
The market'sstructure also changed, with 60 projects converting from commercialhousing to social housing, with 38,897 apartments, and 74 others askingto reduce the size of apartments to meet market demand.-VNA
