Recently, the price of apartment buildings has continuously increased, so Ms. Nguyen Thi Hoa (36 years old, from Thai Binh) has changed her direction to buy an old apartment building.
With a budget of about 2 billion VND, last weekend, Ms. Hoa was taken by a broker to see a series of Thanh Cong apartment buildings (Ba Dinh District). It is worth mentioning that with a small area and degraded condition, many houses here are being sold at a price of more than 50 million VND/m2.
"After a tiring time of unsuccessfully searching for an apartment, I turned to buying an old apartment. When I went to see the house, although I liked an old apartment of 45 square meters, the owner still seemed hesitant and did not close the sale," said Ms. Hanh.
Ms. Le Thi Ngan (owner of an old apartment building in Thanh Cong, Ba Dinh district, Hanoi) informed that her family is planning to transfer the old apartment building with an area of 48m2, 2 bedrooms for 2.7 billion VND, equivalent to 57 million VND/m2 to buy a house in the alley.
Ms. Ngan said that when she posted the information, many people came to ask about buying and made appointments to see the house in person. However, her family was still not satisfied and postponed the plan to sell the house to wait for a specific compensation and renovation plan.
Research by Lao Dong reporters shows that the price of old apartment buildings in Hanoi has been continuously increasing recently, making many people in need feel "shocked" because old apartments that are several decades old, even in disrepair, are being sold for more than 50 million VND/m2, equal to that of condominium apartments.
Referring to this content, experts from the OneHousing real estate ecosystem informed that old collective houses in Hanoi have the advantage of being located in the center of the capital.
However, when looking to buy in this segment, people need to pay attention to the quality of the building and the actual area of the apartment after expansion compared to the actual area on the red book.
Speaking with Lao Dong reporter, Mr. Nguyen Van Dinh - Chairman of Vietnam Real Estate Brokers Association (Vars) - commented that many old collective apartments located in "golden land" locations in the center of Hanoi have high selling prices and are being sought after because of the scarce supply of new houses.
However, Mr. Dinh said that when buying and selling old collective houses, buyers also need to pay attention to the actual area. The reason is that during their stay, many households have expanded their "tiger cages" by tens of square meters, causing great risks and reducing the value when buying, selling and transferring.
