Supply of villas and attached houses is abundant but the segment issuffering from the fierce competition of cheaper apartment and housingland, real estate experts said.
According to DoThu Hang, Head of Savills Hanoi’s Research and Consultancy, manydevelopers are delaying putting their projects on the market.
The company’s statistics showed a total 30,040 villas and attachedhouses from 107 projects were being offered on the market as of the endof the first quarter, while 109 more units in 16 projects are expectedto be launched from now to 2016.
Average askingprices of villas will reduce slightly while a slight rise is expectedfor attached houses, Hang said, adding that higher numbers oftransactions were recorded in the first quarter compared to the previousperiods.
Experts said the high-end segment willgain a boost when the housing law allowing foreigners to own propertiesin Vietnam takes effect in July, 2015.-VNA
According to DoThu Hang, Head of Savills Hanoi’s Research and Consultancy, manydevelopers are delaying putting their projects on the market.
The company’s statistics showed a total 30,040 villas and attachedhouses from 107 projects were being offered on the market as of the endof the first quarter, while 109 more units in 16 projects are expectedto be launched from now to 2016.
Average askingprices of villas will reduce slightly while a slight rise is expectedfor attached houses, Hang said, adding that higher numbers oftransactions were recorded in the first quarter compared to the previousperiods.
Experts said the high-end segment willgain a boost when the housing law allowing foreigners to own propertiesin Vietnam takes effect in July, 2015.-VNA
