Tag: banks

The sky-high property prices in Hanoi have reached a staggering level, with apartment prices soaring above 75 million VND per square meter. This price tag is not only out of reach for low-income earners but also stretches far beyond the affordability of middle and even upper-middle-income groups.

The Tam Son Ward in Bac Ninh province is set to reclaim approximately 199 hectares of land to develop a new urban area. This exciting project will transform the area into a vibrant hub, incorporating tourism, eco-friendly initiatives, cultural attractions, and entertainment options. With a focus on creating a well-rounded and modern community, the development promises to offer a unique and enhanced lifestyle for its residents and visitors alike.

The affordable apartment market is drying up, with an extremely limited number of units priced below $85,000. In fact, over half of the available inventory in Hanoi and Ho Chi Minh City is now priced at $220,000 and above. This shift in the market has left many potential homebuyers with limited options and highlights the growing demand for more affordable housing solutions.