As noted by PV Labor, many old dormitories in Hanoi have a serious degradation situation being sold by the owner at a expensive price.
For example, an old collective house on Vong Duc Street is being advertised by the owner from 100-150 million VND/m2. Accordingly, this house is located in a prime location, the center of Hoan Kiem district but residents living in the dormitory still have to use toilets and shared bathrooms.
Similarly, the Hang Bai collective house (Hoan Kiem district) has an area of only 15.4m2 being advertised by the owner of 2.15 billion VND, equivalent to nearly 140 million VND/m2.
Notably, at Nghia Tan dormitory (Cau Giay district), some apartments on the first floor are being sold at the price of over VND 100 million/m2.
For example, the collective house with an area on the red book is 30m2 being sold for 3.58 billion VND, equivalent to more than 119 million VND/m2; The collective house with an area on the red book is 35m2 being sold for 3.9 billion VND, equivalent to more than 111 million VND/m2 ...
In the context that the price of Hanoi's house is constantly increasing, Mr. Nguyen Dinh Trong (from Vu Thu district, Thai Binh) also plans to find an old collective house that can be softer. However, after seeing many houses in the dormitory in Dong Da district, Mr. Trong felt dizzy because the price was too high.
Mr. Trong added that many old collective houses have the current situation of degradation and moisture are being sold at a price equivalent to luxury apartments, exceeding 100 million VND/m2 because it is located in the prime streets, the area busy business in the capital.
Many real estate experts analyze, the reason for the price of old collective houses in Hanoi is due to its location in the center of the capital.
Besides, the price of this segment is high due to the influence of apartment prices, housing prices in the inner city over the past time. However, there are many cases of collective houses being sold at high prices.
Real estate experts also acknowledged that with the old collective houses in the central district of Hanoi such as Dong Da, Thanh Xuan, Cau Giay ... the purchase and sale of liquidity are often very easy, fast, things This is also one of the reasons why the house prices in the above areas are often pushed up very high.
Mr. Nguyen The Diep - Vice Chairman of Hanoi Real Estate Club - said that the old collective houses were not denied in the "golden land" position of Hanoi. However, experts said that these apartments have been severely degraded, so buyers will have to spend a lot of money to renovate.
Besides, these apartments are expanded, and in fact the area on the red book will be very small. Therefore, when the authorities rebuild the dormitory, the area difference outside the red book may not be included in the area of compensation and site clearance.
