Property inventories drop by 17 per cent

Dec 9th at 10:30
09-12-2017 10:30:06+07:00

Property inventories drop by 17 per cent

Real estate inventories were estimated at VND25.7 trillion (US$1.13 billion) 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 per cent since the end of 2013 and more than 17 per cent over the end of last year.

Inventories in housing land accounted for nearly 50 per cent of the stockpile value with more than 3 million square metres worth VND12.3 trillion, followed by inventories of low-rise houses with 3,082 units worth around VND6.9 trillion and apartments with 2,862 units worth VND4.1 trillion.

Commercial land inventories totaled more than 580,400 square metres worth VND2.34 trillion.

Ha Noi had an inventory of VND5.3 trillion, dropping by 68.8 per cent against the first quarter of 2013. The inventory value in HCM City was estimated at VND4.7 trillion as of November, dropping by 83 per cent.

bizhub



NEWS SAME CATEGORY

Thu Thiem land selling quickly and sustainably

Real estate projects in Thu Thiem New Urban Area, the future business hub of Ho Chi Minh City, have been selling quickly and gaining value.

S Hotel and Suites Danang to bring local competition to leading foreign brands

Being one of the most attractive tourism destinations in Asia, Danang's tourism-hotel industry has been flourishing. Hotels and resorts have been springing up to...

Hospitality experts tell of imbalance

Despite coming off a good year for hotels in Vietnam’s two main cities, experts are still warning of an imbalance – as the majority of new supply is concentrated in...

Phu My Hung Midtown skyline to gain new Signature

Phu My Hung Midtown’s third condominium tower known as The Signature was officially unveiled last weekend at the launch of its model condos.

Standard Poor’s upgrades credit rating for Vingroup

Standard & Poor’s (S&P) Global Ratings has upgraded the long-term credit rating for Vingroup from “B” to “B+”, the highest rating in Viet Nam’s real estate industry.

Vincom Retail takes home Best Private Equity Deal in Asia-Pacific award

On November 30, Vincom Retail scored “The Best Private Equity Deal across the Asia-Pacific” award from FinanceAsia magazine due to its humongous initial public...

Q-Mama to enter Ho Chi Minh City five-star hotel scene in August 2018

On December 1, financial, hotel and restaurant management firm Q-Mama Holdings introduced its first five-star hotel in Ho Chi Minh City with an investment capital...

Work on pilot low-cost housing project starts

Work on a pilot affordable housing project kicked off on Saturday in the central province of Ha Tinh’s Thach Linh District.

Danang Hotel Association to provide training to scale up low-rated hotels

The Danang Hotel Association is starting a training and assistance programme in December to guide one- and two-star hotel members on transforming their business to...

BIM Group introduces Singaporean-style housing development

Vietnamese property developer BIM Group will develop a Singaporean-style housing project at the Halong Marina Urban Area in the northern province of Quang Ninh.

Real estate stocks

Construction stocks


MOST READ


Back To Top