Unfinished villas in Hanoi.(Source: VNA) Hanoi (VNA) - Real estate inventories were estimated at 25.7 trillion VND (1.13 billion USD) at the end of November, according to the Housing and Real Estate Market Management Department under the Ministry of Construction.
This represented a drop by nearly 80 percent since the end of 2013 and more than 17 percent over the end of last year.
Inventories in housing land accounted for nearly 50 percent of the stockpile value with more than 3 million square metres worth 12.3 trillion VND, followed by inventories of low-rise houses with 3,082 units worth around 6.9 trillion VND and apartments with 2,862 units worth 4.1 trillion VND.
Commercial land inventories totaled more than 580,400 square metres worth 2.34 trillion VND.
Hanoi had an inventory of 5.3 trillion VND, dropping by 68.8 percent against the first quarter of 2013. The inventory value in Ho Chi Minh City was estimated at 4.7 trillion VND as of November, dropping by 83 percent.-VNA
VNA
