Real estate transactions stall in February

Real estate transactions stalled in February due to the Lunar New Year holiday, according to the Ministry of Construction’s Management Agency for Housing and Real Estate Market.

Tuesday, March 07, 2017 10:51

Real estate transactions stall in February ảnh 1

Overview of Vinhomes Skylake (Source: Internet)

Hanoi (VNA) – Real estate transactions stalled in February due to the LunarNew Year holiday, according to the Ministry of Construction’s Management Agencyfor Housing and Real Estate Market.

During themonth, the capital city Hanoi recorded nearly 850 transactions, down 34.6percent from January, mostly in mid and high-end apartment segments.

Realtydevelopers still put housing on the market with attractive promotions and worksin prime locations broke ground.

Majorsellers included An Binh city in Bac Tu Liem district, Eco Lake View and ParkView Tower in Hoang Mai district, Parkview Residence in Ha Dong district,Vinhomes Gardenia in Nam Tu Liem district and Vinhomes Skylake Pham Hung in CauGiay district.

In Ho ChiMinh City, successful deals hit roughly 900, down 35 percent month-on-month.

High-endprojects that sold well included Ha Do Centrosa Garden in district 10, VinhomesGolden River in District 1, Lakeview City in District 2, and Dong Nam urbanarea in Thu Duc District.

Mid-end andaffordable apartments such as The Everrich Infinity in District 5, Phu Dong in TanPhu District and I-Home in District 9 were also in demand.

Expertsforecast that the property market will continue to be stable this year thanksto effective State macro-economic policies.-VNA

VNA

#Real estate transactions #apartment #deal Vietnam

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