Villa and Township Projects in Hanoi Tend to See Further Price Increases
Some projects in Hanoi indicate that villa and township prices within the projects tend to increase further compared to the previous quarter. Most of the new projects launched in the third quarter are advantageously located in areas with heavy infrastructure investments, hence the relatively high primary offering prices. The average secondary selling price of land-attached housing in Hanoi in the third quarter reached approximately VND 160 million/m2 (up 3% QoQ and nearly 7% YoY).
Some projects in areas such as Dong Anh and Long Bien saw higher secondary price increases (around 5%) QoQ due to infrastructure development and the gradual completion of new project products.
Price increases during the quarter include: Sunshine Capital Tay Thang Long (Tay Ho) increased by about 3.8% to VND 221.1 million/m2, Louis City (Nam Tu Liem) increased by about 4.8% to VND 232.1 million/m2, Van Quan Urban Area (Ha Dong) increased by about 3.5% to VND 225.8 million/m2, and Hoa Vien Villas (Gia Lam) increased by about 4.4% to VND 108.4 million/m2.
Louis City Project (Nam Tu Liem)
|
Secondary Villa Project Prices in Ho Chi Minh City Decrease
In Ho Chi Minh City, surveys by several market research organizations recorded that the average primary price of the villa and township segments within projects remained stable, with some areas seeing significant price drops in the high-end segment with large areas (down about 14% QoQ and 28% YoY). Products priced below VND 10 billion saw quite positive transactions during the quarter. This is attributed to new projects in outlying areas with prices lower than the city’s average, indicating that demand for well-priced products remains strong despite being in outlying areas far from the city center.
Secondary prices of some projects in Ho Chi Minh City fluctuated with decreases of about 3% to 4%, specifically: An Phu An Khanh (Thu Duc) decreased by about 4.3% to VND 265.6 million/m2, Q7 Saigon Riverside (District 7) decreased by about 4.1% to VND 79.2 million/m2, and Sim City (Thu Duc) decreased by about 4.4% to VND 62.5 million/m2. On the other hand, some projects saw price increases: My Phu 3 (District 7) increased by about 4.4% to VND 278.9 million/m2, and Villa Park (Thu Duc) increased by about 4.6% to VND 123.8 million/m2.
The Magic City Transforms: Unleashing Urban Potential on Agricultural Land.
From now on, Ho Chi Minh City residents are permitted to construct buildings on agricultural land for the sole purpose of serving direct production needs. The maximum area for such structures is 50 square meters, with a single-story layout and a roof peak not exceeding 5 meters in height.
Why Did Van Xuan Group and Military Bank Agree on a VND 1 Collateral Value?
Introducing Van Xuan Binh Duong, a subsidiary of the esteemed Van Xuan Group, which boasts an impressive shareholding worth 1VND. This valuable asset is not just a number; it serves as a rock-solid guarantee, securely mortgaged at MB Bank’s An Phu branch. With such a formidable backing, Van Xuan Binh Duong stands tall, exuding strength and reliability.
The Capital City Considers: Implementing an Automated Toll Collection System for the City Center
On November 1st, the Hanoi People’s Committee held its regular meeting for November 2024 to discuss several matters ahead of the Municipal People’s Council session. During this meeting, the city’s leaders considered and provided feedback on the proposal to implement a fee-based scheme for entering the inner-city areas.
The Hanoi Mega Project: Unveiling a $4.5 Billion Vision with a 60,000-Seat Stadium and World-Class Sports Complex
“A productive meeting was held between the Prime Minister and the CEO of JTA, an international investment and consulting firm. The discussion focused on a range of topics, with a keen interest in exploring potential opportunities for collaboration and investment in the country’s thriving economy.”
The Capital’s Green Initiative: Revitalizing Hoan Kiem District by Piloting a Pollution-Reducing Traffic Scheme
To develop the draft resolution on building a low-emission area (environmental safe zone), the drafting agency is surveying and working with several inner-city districts to identify areas that meet the criteria for being environmentally safe and require restricted traffic.
