Business

Apartments for middle class remain abundant

Apartments for middle-income people remained hot for consumers, accounting for three quarters of the total apartments put on sale in the first three months of 2018.
Apartments for middle class remain abundant ảnh 1Apartments for middle-income people remain hot for consumers in the first quarter of the year. (Photo: VNA)

Hanoi (VNA) – Apartments for middle-income people remained hot forconsumers, accounting for three quarters of the total apartments put on sale inthe first three months of 2018.

The information was released at a press conference onHanoi’s real estate market in the first quarter of this year held by the CommercialReal Estate Services (CBRE) Vietnam Company on April 3.

According to Nguyen Hoai An, Manager of Research, Consultingand Asset Management Services at CBRE Vietnam, said that in the period, a totalof 8,800 apartments of 39 projects were put on sale, with the middle-incomesegment making up the majority. The transaction prices ranged from 800-1,500USD per sq.m.

During January-March, around 6,600 apartments were sold, up5 percent against the same period last year.

Notably, foreign investors stepped up the selling at suchinternational markets as Singapore and China’s Hong Kong.

An said that the prices of apartments will witness a slightincrease of 1-2 percent in the second quarter of 2018.

More apartment buildings are expected to be built in theoutskirts of Hanoi where transport connectivity is convenient, she added.

She warned consumers of paying more attention tosafety-related issues, including firefighting, when deciding to buyapartments.-VNA
VNA
#Apartments for middle-income people #hot for consumers #Hanoi’s real estate market #Commercial Real Estate Services (CBRE) #8 #800 apartments #foreign investors #Vietnam News Agency #Vietnamplus Ha Noi
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