According to data from the OneHousing Center for Market Research and Customer Insights, in August 2024, the Hanoi apartment market recorded about 3,100 transfer transactions. Although this number decreased slightly by 3% compared to July, it increased sharply by 25% compared to the period of May and June 2024.
Of which, the top 10 projects with the highest transfer volume reached about 1,500 units, accounting for 48% of the transfer market share in Hanoi in August 2024. Notably, 8 out of these 10 projects are located in the East and West of Hanoi.
Notably, according to Onehousing statistics, the two urban areas Vinhomes Ocean Park and Vinhomes Smart City continue to lead, accounting for 35% of apartment transfer transactions in August 2024, an increase of 3% compared to the previous month.
Mr. Tran Minh Tien - Director of OneHousing Market Research and Customer Insight Center - commented that the apartment transfer market has been quite active in recent months, showing that customer demand is still high for this product segment.
According to Mr. Tran Minh Tien, projects with good transfer transactions mostly come from the East and West of Hanoi, which are areas with large apartment supply, with well-invested urban areas, full amenities, and good operations.
It is forecasted that in the coming time, the number of apartment transfer transactions may decrease slightly or remain unchanged in September-October 2024, before increasing again at the end of the year, when real estate transactions are most active.
"The supply of newly opened apartments is gradually becoming scarce, which is one of the reasons why the apartment transfer market is bustling," Mr. Tien added.
A recent report by the Ministry of Construction also pointed out that some real estate project investors take advantage of the limited real estate supply situation to offer high real estate prices, with expected profits higher than the average of real estate projects.
Ministry of Construction also pointed out the lack of real estate and housing supply to meet the needs of the majority of people, low-income and middle-income earners in urban areas, especially Hanoi and Ho Chi Minh City.
The reason is that when the Land Law, Housing Law, Real Estate Business Law and some related laws have not been amended, real estate businesses face difficulties and obstacles from overlapping, inconsistent and non-specific legal regulations.
Besides, many businesses also face difficulties in credit loans and capital from issuing corporate bonds.
